The index of U.S. leading economic indicators rose 0.4 percent in January, extending its upward trend for a fourth month. Friday's data points to continued growth in the U.S. economy, supported by an increase in the average workweek and improving financial indicators.
Bit by tiny bit, the economy is improving. The progress might at times seem too small or slow to be evident, but it is unmistakably occurring. People may not feel things are good yet, but they are beginning to feel the worse is subsiding, Gary Thayer, chief macro strategist at Wells Fargo Advisors, said.
The U.S. consumer price index rose less than forecast in January as prices for household energy and used automobiles cooled, supporting the Federal Reserve's view that inflation will remain in check.
Like other entertainment sectors, video games rely more and more on digital revenue as retail sales continue to decline, but publishers face plenty of fresh challenges in the rapidly changing industry.
The top aftermarket NYSE losers Thursday were: Frontier Communications, Promotora De Informaciones, CapitalSource, Gray Television, MagnaChip Semiconductor, V.F. Corp, Rogers, Mechel Steel Group, TRW Automotive Holdings and Compania Mina Buenaventura.
The latest fourth quarter 2011 global consumer confidence report by Nielsen has found that India is the most optimistic market in the world.
The top aftermarket NYSE gainers Thursday were: Cloud Peak Energy, B&G Foods Holdings, Magnum Hunter Resources, Suntech Power Holdings, Itau Unibanco Banco Holding, DaVita, MEMC Electronic Materials, Encana Corp, Trina Solar and Yingli Green Energy Holding.
The top after-market NASDAQ gainers Thursday were: SunPower, Applied Materials, Achillion Pharmaceuticals, Nanometrics Inc, Jazz Pharmaceuticals and Mattson Technology. The top after-market NASDAQ losers Thursday were: Qlik Technologies, Zix Corp, Allscripts Healthcare Solutions, FreightCar America, Unilife Corp and Maxwell Technologies.
General Motors Co. has posted its best annual profit, which jumped 62 percent to $7.6 billion, beating expectations and breaking records two years after it nearly collapsed into bankruptcy.
Jeremy Lin continues to drive ratings of Madison Square Garden Co.'s MSG Network to Linsane new heights, as the network reached another season-high watermark in Wednesday night's New York Knicks victory over the Sacramento Kings.
The Organization for Economic Cooperation and Development released a report Tuesday calling on Germany to raise its property taxes dramatically. The group has also called on Denmark, Norway, and the U.K. to do the same.
Now that President Barack Obama must nominate a new President of the World Bank, he’s keeping his mouth shut, especially in an election year.
For Western businesses, doing business in China requires careful navigation of the cultural differences between China and the West.
Robust economic data and European Central Bank support for Greece energized U.S. stocks Thursday, as investors ignored possible bank downgrades and lifted equities to a nine-month high.
The United States Department of Transportation on Thursday released the first potential federal guidelines that entice automakers to reduce potential distractions for drivers in cars. U.S. Transportation Secretary Ray LaHood said the voluntary guidelines would be enforced in areas of in-car electronics, entertainment communications and navigation systems that are not necessary for a vehicle's operation.
India's economy, a paragon of development, has more than tripled over the past 20 years, fueling a growing middle class that has helped turn the world's largest democracy into an engine of the world economy and raised millions out of poverty. It is behind only China, in terms of population. But there is one shocking statistic India's economic miracle has not been able to improve: the number of children that are severely malnourished.
The Dow Jones Industrial Average rose 0.76 percent to 12,884.75 by early afternoon trading, while the Nasdaq rose 1.01 percent to 2,945.17. The S&P 500 rose 0.83 percent to 1,354.37.
The U.S. economy is growing modestly at best, yields on bonds are low and the economic outlook outside the U.S. is uncertain. For the year 2012 and beyond, one fitting investment idea could be real estate investment trusts (REITs), according to PNC Investment and Wealth Management.
General Motors Co. posted a record profit in 2011, adding to the dramatic turnaround for 103-year-old United States automaker just two years after filing for bankruptcy and nearly collapsing. The news sent stock of the company up more than 6 percent to $26.50 at midday.
U.S. 30-year fixed-rate mortgage rates remained at a record low of 3.87 percent for the third consecutive week ended Feb. 16, Freddie Mac said.
Producer prices outside food and energy recorded their largest increase in six months in January, but are unlikely to ignite inflation pressures given the slack in the labor market.
The upside potential for Facebook (and social media networks) in India is enormous.
A current rally in the sprawling $7.74 trillion field for corporate bonds, which are issued as debt by major American corporations, belies a great churning occurring just beneath the market's surface. Recently, Richard Prager, who heads the bond strategy desk at the world's largest asset management firm, put it succinctly: "Houston, we got a problem."
Societe Generale SA said fourth-quarter profit fell 89 percent as the investment bank was badly affected by Greek debt write down and toxic assets.
The top after-market NASDAQ gainers Wednesday were: ReachLocal, NetApp, Itron, Globus Maritime, GRAVITY Co, Affymetrix and Diamond Foods.
The top after-market NASDAQ losers Wednesday were: Blue Nile, Digital Generation, Clearwire Corp, Avis Budget Group, NVIDIA, Equinix, Tangoe and Ancestry.com.
The top aftermarket NYSE gainers Wednesday were: Northstar Realty Finance, Trinity Industries, Teavana Holdings, Terex Corp and Gardner Denver. The top aftermarket NYSE losers were: Hanesbrands, Hovnanian Enterprises, Agilent Technologies, Zale Corp and Cliffs Natural Resources Inc.
China's ministry of commerce has approved a project that allows the British oil giant to have a presence in block 43/11, a gas field in the South China Sea, the China Daily reported quoting Chen Liming, head of BP China.
Moody's warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the eurozone government debt crisis is spreading throughout the global financial system.
Moody's Investors Service placed the ratings of Bank of America Corp., Citigroup Inc. and Goldman Sachs Group Inc. on review for possible downgrade because it says the business' profitability will be diminished longer term.
