The number of U.S. workers filing new claims for jobless benefits unexpectedly rose last week, a government report showed on Thursday, fanning worries of an anemic recovery from the worst recession in 70 years.
Oil prices eased toward $72 a barrel on Thursday, after rising more than 4 percent in the previous session, as optimism faded about the pace of demand recovery in the world's top consumer the United States.
Stock index futures pointed to a flat open on Thursday after data showed a surprise rise in weekly jobless claims for the second week running, adding to uncertainty over the economic outlook.
The number of U.S. workers filing new claims for jobless benefits unexpectedly rose last week, a government report showed on Thursday, fanning worries of an anemic recovery from the worst recession in 70 years.
Stock index futures edged higher on Thursday following a rally in Chinese equities and ahead of data expected to show a dip in jobless claims after a surprise increase in the prior period.
Stock index futures briefly turned negative on Thursday after weekly data showed an unexpected rise in first-time claims for jobless benefits.
The number of U.S. workers filing new claims for jobless benefits unexpectedly rose last week, a government report showed on Thursday, as companies continued to cut payrolls amid uncertainty over the economic outlook.
Switzerland sold its stake in its largest bank, UBS, for 5.5 billion Swiss francs ($5.1 billion), a source said on Thursday, making a profit from last year's rescue deal.
It just won't go away, this needling worry about the U.S. dollar losing its coveted top-dog status.
Oil prices eased toward $72 a barrel on Thursday, after rising more than 4 percent in the previous session, as optimism faded about the pace of demand recovery in the world's top consumer the United States.
A federal judge has ruled that Bank of America Corp cannot have a lawsuit by investors seeking to force it to buy back mortgages heard in federal court, saying he lacks jurisdiction to decide the case.
A stabilizing U.S. financial sector may have freed the White House to trim its 2009 budget deficit projection but the still-record-breaking figure will not make it easier to sell healthcare reform.
A coalition of U.S. state pension funds is supporting the private equity industry's opposition to new rules on takeovers of troubled lenders, the Financial Times reported on its website.
Banco Bilbao Vizcaya Argentaria , Spain's second-largest bank, is expected to win a government-run auction of troubled Texas lender Guaranty Financial Group Inc , sources familiar with the situation said on Wednesday.
The Obama administration will trim its budget deficit forecast for fiscal 2009 to $1.58 trillion, after scrapping money earmarked for bailing out more banks, officials said on Wednesday.
Stock index futures pointed to a higher open on Wall Street on Thursday, mirroring gains in Europe as well as Asia, where Shanghai stocks rebounded from a sharp two-week selloff, and on rallying commodity prices.
The Swiss government's sale of a 9 percent stake in UBS drew lively bids, traders said on Thursday, with a price range seen above the stock's closing price in the previous session.
Oil was steady above $72 a barrel on Thursday, after rising more than 4 percent the previous day, buoyed by industry data showing a steep drop in crude imports and stockpiles in top consumer the United States.
Shares in UBS were expected to open down more than 1 percent on Thursday after the Swiss government said it would sell its 9 percent stake in the bank.
Chinese shares clawed higher on Thursday after a two-week sell-off, giving a boost to Asian stock indexes and commodities even as many investors remained worried that the Shanghai slide may have more room to run.
Oil was steady above $72 a barrel on Thursday, after rising more than 4 percent the previous day, buoyed by industry data showing a steep drop in crude imports and stockpiles in top consumer the United States.
Chinese shares clawed back up on Thursday after a two-week sell-off, giving a boost to Asian stock indexes and commodities, but many investors were nervous that the Shanghai slide may have more room to run.
Oil was steady above $72 a barrel on Thursday, after rising more than 4 percent the previous day, buoyed by industry data showing a steep drop in crude imports and stockpiles in top consumer the United States.
Japan's Nikkei stock average on Thursday climbed from a three-week closing low, buoyed by resource shares after crude oil surged and by rekindled recovery hopes, with a rebound in Chinese shares also giving a lift.
Japan's Nikkei stock average edged higher on Thursday, buoyed by gains in resource-linked shares such as Inpex after oil surged more than 4 percent and rekindled economic recovery hopes. Truckmaker shares climbed after a brokerage upgrade, with Isuzu Motors up more than 5 percent, and trading houses gained on strong metals prices.
Moving Averages, SMA, EMA, WMA, AMA, Momentum, MACD, OBV, Chaikin, RSI and ADX. But what does it mean and for what we can use them?
James Lockhart, who earlier this month said he would resign as the U.S. regulator overseeing mortgage finance companies Fannie Mae and Freddie Mac , will become vice chairman of a distressed investment group at Invesco Ltd , the company said on Wednesday.
Prices of U.S. office, retail and apartment buildings fell 1 percent in June, easing from steep slides in the previous two months, according to the Moody's/REAL Commercial Property Price Index released on Wednesday.
American International Group Inc was sued on Wednesday by two California residents who said their homeowner insurance policies entitled them to coverage on losses from Bernard Madoff's Ponzi scheme.