by Super Admin - 22 minutes from now
After moving sharply lower early in the session, stocks have regained some ground over the course of the trading day on Friday. The major averages have climbed well off their worst levels of the day but remain firmly in negative territory.
by Super Admin - 58 minutes ago
Business inventories in the U.S. increased in line with economist estimates in the month of November, according to a report released by the Commerce Department on Friday. The report said business inventories rose by 0.5 percent in November after clim...
by Super Admin - 1 hour ago
Stocks have moved sharply lower over the course of morning trading on Friday, extending the pullback seen late in the previous session. With the drop, the Dow and the Nasdaq are pulling back further off the record intraday highs set in early trading...
by Super Admin - 1 hour ago
Preliminary data released by the University of Michigan on Friday showed a modest deterioration in U.S. consumer sentiment in the month of January. The report said the consumer sentiment index dipped to 79.2 in January after jumping to 80.7 in Decemb...
by Super Admin - 1 hour ago
The Federal Reserve released a report on Friday showing U.S. industrial production jumped by much more than expected in the month of December. The Fed said industrial production surged up by 1.6 percent in December after climbing by an upwardly revis...
by Super Admin - 1 hour ago
President-elect Joe Biden unveiled a $1.9 trillion economic stimulus package proposal to lift the U.S. economy as well as its people, badly hit by the coronavirus pandemic. The relief proposal includes $1 trillion in direct relief to households, $415...
by Super Admin - 2 hours ago
Activity in the New York manufacturing sector unexpectedly grew at a slower pace in the month of January, the Federal Reserve Bank of New York revealed in a report released on Friday.
by Super Admin - 2 hours ago
A report released by the Labor Department on Friday showed U.S. producer prices increased by slightly less than expected in the month of December. The Labor Department said its producer price index for final demand rose by 0.3 percent in December aft...
by Super Admin - 2 hours ago
Retail sales in the U.S. continued to decline in the month of December, according to a report released by the Commerce Department on Friday. The Commerce Department said retail sales fell by 0.7 percent in December after tumbling by a revised 1.4 per...
by Super Admin - 2 hours ago
Billionaire Michael Novogratz's crypto financial services firm Galaxy Digital is set to foray into Bitcoin (BTC) mining after launching a new business unit named Galaxy Digital Mining later in 2021. The new unit will comprise of two activities - a on...
by Super Admin - 2 hours ago
After turning lower over the course of the previous session, stocks may see further downside in early trading on Friday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 160 points.
by Super Admin - 3 hours ago
General Electric Co. filed a lawsuit against Siemens Energy AG, accusing the German power distribution company of stealing trade secrets for gas turbines. Siemens Energy allegedly used the information to get at least nine contracts to supply gas turb...
by Super Admin - 3 hours ago
Following a court ruling, the U.S. Food and Drug Administration postponed the effective date for tobacco manufacturing companies to display new health warnings on cigarette packets and in advertisements, by additional 90 days. The warnings with colo...
by Super Admin - 4 hours ago
JPMorgan Chase & Co (JPM) reported strong results in the fourth quarter of 2020, with net profit up 42% largely driven by credit reserve releases of $2.9 billion. The Group said it ended the year with a CET1 ratio of 13.1% and capital above $200 bill...
by Super Admin - 5 hours ago
U.S. Covid hospitalizations again started showing a downward trend, prompting Covid Tracking Project to say that it seems to be the first signs of hospitalizations slowing down at national level. A total of 128,947 patients are admitted in U.S. hospi...