Puerto Rico Debt Deal: Lawmakers Find Compromise To Address Territory’s Financial Crisis
The next step is for lawmakers to appoint board members to oversee a restructuring of the amount owed, House Democratic leader Nancy Pelosi said Thursday.
Puerto Rico Debt Crisis: Republicans Introduce Bill To Help Manage US Territory’s Financial Obligations
U.S. House Democratic Leader Nancy Pelosi says a workable restructuring process has been found.
Wal-Mart Stores Inc. (WMT) Shares Surge After Retailer Reports Higher-Than-Expected Quarterly Profit
The U.S. retailer reported a higher-than-expected quarterly gain Thursday, bucking a string of weak results from its competitors.
Target Corp. (TGT) Stock Drops After Retailer Posts Higher Quarterly Profit, Sales That Missed Estimates
Sales at stores open for at least a year rose 1.2 percent, less than the market consensus of 1.6 percent.
Dow Jones Industrial Average Slumps As Fed Rate Hike Looks More Likely After Strong Economic Data
Tuesday’s upbeat consumer price data point to a steady buildup in inflation, boosting chances of an interest rate hike later this year.
Brazil Appoints Ilan Goldfajn As Central Bank Chief, Replacing Alexandre Tombini
The appointment of Ilan Goldfajn comes as Brazil’s interim government works to win back investor trust and revive Latin America’s biggest economy.
Dow Jones Industrial Average Rallies As Warren Buffett Reports $1 Billion Apple Inc. (AAPL) Stake, Oil Prices Surge
Buffett's Berkshire Hathaway disclosed a stake in the iPhone maker worth about $1 billion.
Warren Buffett’s Berkshire Hathaway Buys Apple Inc. (AAPL) Stake, Raises Position In IBM (IBM)
The legendary billionaire investor has traditionally shunned investments in the technology sector.
Dow Jones Industrial Average Slides As Apple (AAPL) Rebounds From Two-Year Low, Oil Prices Slip
Gloomy earnings reports from retailers overshadowed Friday’s strong April retail sales data.
JC Penney Co. (JCP) Joins Rivals Nordstrom Inc. (JWN), Macy’s Inc. (M) And Kohl’s Corp. (KSS) In Reporting Sales Drop Amid Apparel Demand Slump
The department store operator joins rivals Macy's Inc. and Kohl's Corp. in reporting a drop in sales in a quarter marked by a slump in apparel demand.
Google Owner Alphabet (GOOGL) Overtakes Apple (AAPL) To Become Largest US Company By Market Value
The company that owns Google briefly pulled ahead of the iPhone maker to become the largest U.S. company with a market cap of $498.56 billion.
Monsanto Co. (MON) Stock Price Surges After Report That Germany’s Bayer AG Exploring Bid For Seed Company
Shares of Monsanto are surging after Bloomberg reported Germany’s Bayer AG is exploring a bid for the U.S. seed company.
Dow Jones Industrial Average Tumbles As Disney (DIS), Macy’s (M) Shares Lead Rout In Consumer Stock Sector
Major indexes closed lower Wednesday, one day after the S&P 500 index notched its biggest daily percentage gain in two months.
Staples Inc. (SPLS), Office Depot Inc. (ODP) Shares Plunge After Merger Deal Scrapped Following Judge’s Ruling For FTC
The two retailers said they will terminate their planned merger after a U.S. federal judge ordered the deal temporarily halted because of antitrust concerns.
Walt Disney Company (DIS) Stock Price Drops After Rare Earnings Miss Amid Difficulties At ESPN
The media company said advertising and subscriptions declined at sports channel ESPN, and theme park revenue came in weaker than expected.
Dow Jones Industrial Average Soars As Amazon Inc. (AMZN) And Goldman Sachs Group Inc. (GS) Shares Rally
Shares of Amazon hit a record high Tuesday, providing the biggest boost on the S&P 500 and the Nasdaq indexes.
Allergan (AGN) Stock Buyback: Drug Company Purchasing Up To $10 Billion In Shares
The drug company also reports a 48 percent rise in quarterly revenue, led by a strong performance by its branded drugs business.
Krispy Kreme Doughnuts To Be Acquired For $1.35B By Luxemborg-Based Private Investment Firm
Once the deal is completed, the nearly 80-year-old bakery, best known for its glazed doughnuts, will be run as a private entity.
Virtual Reality Can Help Treat Severe Paranoia And Phobias, Oxford Study Says
Virtual reality can help treat severe paranoia by helping people face their fears and "re-learn" that situations they worry about are actually safe, an Oxford University study claims.
Donald Trump Vows To Help Businesses By Scrapping Regulations; Will Try To Refinance US Debt, Replace Fed Chief Yellen
The New York billionaire also told CNBC he supports low interest rates for now and believes the U.S. should try to refinance some of its debt.
Two Tesla Motors Inc. (TSLA) Manufacturing Executives Leaving Electric Car Maker
The departures come at a time when the electric-car maker is working to launch its first mass-market car, the Model 3.
Takata Corp. Air Bag Recall: Japanese Manufacturer Recalling Up To 40 Million More Inflators In US Vehicles
The expanded recall will more than double what is already the largest and most complex auto safety recall in U.S. history.
Dow Jones Industrial Average Tumbles As Apple Inc. (AAPL) Bucks Downward Trend Despite Weak Chinese Economic Data
Weak economic numbers from China and Europe reignited worries about global growth, while sinking oil prices dragged down energy shares.
Warren Buffett: Federal Reserve Is Doing A Good Job, But Effects From Low Interest Rates Hard To Predict
The legendary investor adds that his company did not try to profit from global central bank monetary policy changes.
Dow Jones Industrial Average Extends Apple Inc (AAPL) Induced Slump As Investors Examine Earnings From Amazon Inc (AMZN), Exxon Mobil Corp. (XOM)
The major market indexes closed lower for a second day Friday as investors assessed corporate earnings and data showing inflation barely rose in March.
Warren Buffett On Brexit: Billionaire Investor Weighs In On Possible UK Exit From The EU
In a CNBC interview Friday, the billionaire investor weighed in on the U.K.’s possible exit from the European Union this summer.
Dow Jones Industrial Average Plunges After Investor Carl Icahn Says He Sold His Entire Apple Inc. (AAPL) Stake
U.S. stocks took a nosedive Thursday after the billionaire activist investor cited China's influence on the tech industry darling.
Priceline Group Inc (PCLN) Says CEO Darren Huston Has Resigned Following Probe Related To Personal Relationship With Employee
The move on Thursday follows an investigation related to a personal relationship Darren Huston had with an employee.
Dow Jones Industrial Average Set To Drop After Bank of Japan Decision, Despite Facebook Inc. (FB) Share Jump
The Bank of Japan stunned global markets Thursday by holding off from expanding monetary stimulus.
First Solar Inc. (FSLR) Posts Quarterly Profit, Announces CEO Replacement
The maker of solar panels has appointed Chief Financial Officer Mark Widmar to lead the company.