Harsh winter: US economy one quarter away from recession
2014-05-29 17:53:59 UTC
The US economy contracted for the first time in three years in early 2014 after a much worse performance than originally feared.
Washington's commerce department said the world's biggest economy shrank at an annual rate of 1% during the first q...
Asia Stocks: China factory data spark share rally
2014-05-22 06:27:49 UTC
After some economists shrugged off a series of weak China data in recent months, some are also shrugging off today’s strong China data.
Always the first to comment on HSBC’s China PMI is the bank’s own chief China economist Hongbin Qu. While Qu...
U.S. Stocks Fall as JPMorgan Drops, Tech Shares Fluctuate
2014-04-11 16:17:29 UTC
U.S. stocks fell, after the biggest drop for the Standard & Poor’s 500 Index in two months, as technology shares swung between gains and losses while JPMorgan Chase & Co. slid on disappointing earnings.
JPMorgan lost 3.4 percent as profit fell ...
Google Shareholder Votes Can Be Worth Less Than Zero
2014-04-03 18:50:08 UTC
What is the worth of a Google (GOOG) shareholder vote?
One correct answer has always been: not much. Since the company went public in 2004, its stock has come in two flavors: Class A shares, which come with one vote apiece; and Class B shares, ...
Russia stocks feel sanctions bite
2014-03-21 08:07:46 UTC
U.S. stock futures traded little changed on Friday as markets in Russia fell as Washington announced additional sanctions on key members of President Vladimir Putin's inner circle.
Dow Jones industrial average index futures fell 0.1% and Nasdaq...
Stocks down on discouraging news from Asia
2014-03-10 16:29:31 UTC
A dash of discouraging economic news from China and Japan put a damper on the U.S. stock market Monday, adding to concerns that global growth could be slowing.
KEEPING SCORE: The Standard & Poor's 500 index fell six points, or 0.4 percent, to 1...
Stocks rise as US job market improves
2014-03-06 21:43:18 UTC
NEW YORK (AP) — Investors were looking for any reason to look past the cold weather that has hampered the U.S. economy in the last few weeks, and they found it.
Stocks mostly rose Thursday, helped by a report that showed the number of people wh...
US stocks rebound as factory output surges
2014-03-18 02:30:16 UTC
NEW YORK (AP) — Stocks are sharply higher following news that output at U.S. factories surged last month.
The Dow Jones industrial average rose 181 points, or 1.1 percent, to 16,247 Monday.
The increase in factory production was the biggest ...
Global stocks slide as tensions build in Ukraine
2014-03-03 22:04:54 UTC
NEW YORK (AP) — Rising tensions over Russia's military advance into Ukraine pushed stock markets around the world sharply lower on Monday.
The Standard & Poor's 500 index dropped the most in a month, following stock markets in Europe and Asia l...
US stocks end mostly higher after a late stumble
2014-03-01 00:06:23 UTC
NEW YORK (AP) — Stocks are ending mostly higher after the market had a brief stumble in the afternoon.
The Standard & Poor's 500 index edged further into record territory, but weakness in technology stocks held back the Nasdaq composite.
Stocks end higher but fall short of record high
2014-02-24 23:02:53 UTC
NEW YORK (AP) — The stock market ended higher Monday, but a late fade kept it from closing at an all-time high.
The market marched broadly higher most of the day, helped by optimism about the economy and more corporate mergers, only to slowly l...
World stocks fall on weak China data, Fed minutes
2014-02-20 10:12:52 UTC
SEOUL, South Korea (AP) — A contraction in Chinese manufacturing and the possibility of higher U.S. interest rates dragged global stock markets lower Thursday.
China's manufacturing tumbled to a seven-month low in February, according to the pre...
Early gain fades for stocks; S&P 500 declines
2014-02-22 08:53:01 UTC
NEW YORK (AP) — Stocks slipped on Friday, pushing the market to a weekly loss, as investors assessed the latest round of company earnings.
Express Scripts, the largest U.S. pharmacy benefits manager, fell after its fourth-quarter earnings slipp...
Asia stocks rise as China credit growth rebounds
2014-02-17 06:31:23 UTC
BEIJING (AP) — Asian stock markets rose Monday after China's bank lending in January beat forecasts and Europe reported stronger-than-expected economic growth.
The Shanghai Composite Index added 0.3 percent to 2,122.9 and Tokyo's Nikkei 225...
Stocks rise as investors assess earnings
2014-02-14 07:12:11 UTC
NEW YORK (AP) — The stock market rose for the fifth time in six days Thursday as higher earnings from several big U.S. companies helped investors shrug off discouraging news about jobs and retail spending.
Goodyear Tire & Rubber surged to...
Asian stocks jump on Yellen easy-money remarks
2014-02-12 09:11:32 UTC
TOKYO (AP) — Global stocks were higher Wednesday after the new head of the U.S. Federal Reserve vowed a continuation of low interest rates. Stronger Chinese trade figures and the shelving of another U.S. debt limit battle also boosted markets.
Stocks rebound to post gain for the week
2014-02-08 08:05:34 UTC
As comebacks go, this one was a couple of days in the making.
On Friday, the U.S. stock market rebounded from a deep slump earlier in the week to muster the first positive five-day stretch after three weeks of declines.
The day's modest gain...
Google awards $106M in stock, cash to Schmidt
2014-02-04 22:46:49 UTC
NEW YORK (AP) — Google says it is awarding its $100 million worth of equity to Eric Schmidt, plus a $6 million cash bonus in recognition of the executive chairman's contributions to the company's performance in 2013.
Google Inc. said in a regul...
Dollar Strengthens Versus Euro as Spending Rises After Fed Taper
2014-02-04 20:52:40 UTC
The dollar strengthened a fifth day versus the euro as U.S. consumer spending rose the most in three years a day after the Federal Reserve scaled back bond purchases that weaken the greenback and support global asset prices.
Hungary’s forint dr...
Asia stocks down amid Lunar New Year holidays
2014-02-03 07:59:55 UTC
TOKYO (AP) — Asian stocks fell Monday after Wall Street lost ground amid lingering jitters about weakness in the financial markets of some developing countries.
The Nikkei 225, the barometer for the Tokyo Stock Exchange, closed down 2 percent a...
Stock investors hit from all sides in January
2014-02-01 10:16:27 UTC
NEW YORK (AP) — Stock investors were hit from all sides in January.
Concerns about the global economy and U.S. company earnings, as well as turmoil in emerging markets, led the Dow Jones industrial average to its worst start since 2009. However...
Nikkei falls, most Asia markets shut for holidays
2014-01-31 10:10:29 UTC
BANGKOK (AP) — Japan's Nikkei stock index fell Friday as the yen strengthened, but the handful of other Asian markets open during Lunar New Year holidays gained after U.S. corporate earnings continued to exceed expectations.
Financial markets a...
Decline in US stock market moderates
2014-01-27 19:06:56 UTC
NEW YORK (AP) — U.S. investors are holding steady Monday in a shaky global market. After big drops in stocks last week sparked by a slowing Chinese economy and plunging emerging-market currencies, the selling moderated. Caterpillar, a big componen...
Stocks fall worldwide on emerging-market fears
2014-01-28 03:34:40 UTC
NEW YORK (AP) — Stock markets fell across the globe on Monday, but at least it wasn't another rout on Wall Street.
Shaky economies and plunging currencies in the developing world fueled a worldwide sell-off as fearful investors pushed prices lo...
Global markets hit by fears of growth slowdown
2014-01-25 09:10:33 UTC
Fear is back in the market.
Investors are worried about slower economic growth in China, a gloomier outlook for U.S. corporate profits and an end to easy-money policies in the United States and Europe. They're also fretting over country-specifi...