The dollar hit a three-year low against a basket of currencies on Thursday as strong corporate earnings buoyed risk appetite in illiquid pre-Easter trade, threatening to drive the greenback to historic lows.
Factory activity in the U.S. Mid-Atlantic braked sharply in April and the number of Americans claiming new jobless aid fell less than expected last week, implying the economy was struggling to regain momentum.
U.S. stocks rose on Thursday in a holiday-shortened week on earnings and outlooks, but the gains were tempered on signs of regional economic weakness.
President Barack Obama is currently focused on reaching a deal with Republicans on lowering the nation's long term deficits, but said Wednesday that he is still urgent to make changes to the nation's immigration and energy systems.
Gold prices hit record highs for a fifth session on Thursday and silver rallied to its strongest since 1980 as the dollar slid to a three-year low against a basket of major currencies.
U.S. stocks opened higher on Thursday in a shortened week as strong earnings and outlooks bolstered optimism about the pace of the economic recovery.
U.S. stocks advanced in early trade on Thursday as robust earnings from Apple, Morgan Stanley and General Electric offset higher-than-forecast jobless claims data.
McDonald's Corp reported a higher-than-expected quarterly profit on Thursday as the world's largest restaurant company posted March sales that topped analyst expectations.
U.S. stocks were set for a higher open on Thursday as strong corporate earnings and outlooks supported optimism about the pace of the economic recovery.
General Electric Co posted quarterly results that blew past Wall Street's expectations, joining a wave of better-than-expected profit in the U.S. manufacturing sector.
General Electric Co posted quarterly results that blew past Wall Street's expectations on Thursday, joining a wave of better-than-expected earnings in the U.S. manufacturing sector.
BP Plc has filed for damages totaling more than $80 billion from Halliburton and Transocean a year after the Gulf of Mexico rig explosion that killed 11 workers and spewed millions of barrels of oil into the sea.
McDonald's Corp reported a higher-than-expected quarterly profit on Thursday as the world's largest restaurant company posted March sales in all regions that topped analyst expectations.
A senior Pakistani government official has refuted allegations by the U.S. chairman of the Joint Chiefs of Staff that Pakistan's principal intelligence agency has a longstanding relationship with an insurgent group allied with the Taliban (which has targeted American troops in Afghanistan).
Stock index futures rose on Thursday, putting the S&P 500 on track for its first weekly gain in the last three, as strong corporate earnings and outlooks generated optimism about the economic recovery.
US stocks rallied on Wednesday, with the Dow Jones Industrial Average closing near three-year highs, as upbeat earnings from major technology companies’ boosted sentiment for corporate-profit trends.
Real gross domestic product (GDP) growth in the United States will reaccelerate, and reach 3.5–4 percent in the second half of this year, IHS Global Insight said in its April World Flash report.
US stocks rallied on Wednesday, with the Dow Jones Industrial Average closing near three-year highs, as upbeat earnings from major technology companies’ boosted sentiment for corporate-profit trends.
NEW YORK Stock index futures pointed a higher open for Wall Street on Thursday, adding to hefty gains from the previous session, boosted by growing optimism about strong corporate earnings.
Fiat SpA will pay $1.27 billion euros for an additional 16 percent stake in automaker Chrysler this quarter, raising its stake to 46 percent in a deal that was faster and cheaper than expected.
Italian automaker Fiat SpA has agreed to pay $1.27 billion for another 16 percent stake in peer Chrysler this quarter, the Italian automaker said on Thursday, in a deal that was faster and cheaper than expected.
Oil gushed into the sea one year back will perhaps take months or even years to clean up while it continues to clog wetlands, pollute the ocean and endanger wildlife. Check out the latest pictures taken on April 20, 2011, exactly one year after the environmental disaster hit Gulf of Mexico.
