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Stocks rallied more than 1 percent across the board Thursday, fueled by a handful of upbeat economic news and as oil prices declined amid talks of a peace plan in Libya.
Stock index futures added to gains Thursday after the government reported an unexpectedly large drop in jobless claims.
The march towards Friday's jobs report has begun, and anything tied to employment is of big interest Thursday.
Japanese trading house Itochu plans to buy Britain's top tyre seller Kwik Fit [PAIPRK.UL] from European fund PAI partners for about 85 billion yen ($1.04 billion), a company source said on Thursday.
Stocks lost ground in the final minutes of trading but still showed resilience after Tuesday's sharp sell-off to end with modest gains, even as oil prices climbed above $100 a barrel. Caterpillar and 3M gained, while JPMorgan fell.
Stocks lost ground just before the close but largely showed resilience after Tuesday's sharp sell-off and held modest gains ahead of the close, even as oil prices climbed above $100 a barrel. 3M and Caterpillar rose, while JPMorgan fell.
Facebook is “probably not worth $60 billion today,” but it could be “at some point,” Michael J. Price, senior managing director of Evercore Partners, told CNBC Wednesday.
A certain frothiness has entered the market. It’s the kind of frothiness you get when fund managers, desperate not to miss the next leg of the rally, start chasing the riskiest stocks for a chance at outperformance. For proof you need look no further than the top 3 performing S&P 500 stocks so far this year.
Stocks turned negative as oil prices climbed back above $100 a barrel on news of Libyan air strikes, and as Federal Reserve Chairman Ben Bernanke spoke before Congress for a second day. Boeing and McDonald's fell, while 3M rose.
U.S. stock index futures slipped slightly lower despite a stronger-than-expected report on private sector jobs as tensions in the Middle East and rising oil prices continued to weigh on stocks ahead of more Congressional testimony from Federal Reserve Chairman Ben Bernanke.
The oil markets seem to be calling the shots now, after investors on Tuesday shrugged off Bernanke's comments and a blow-out ISM manufacturing report.
Stocks tumbled more than 1 percent in the first trading day of March as investors fretted that surging oil prices would stifle the recovery. Alcoa and GE fell, while Coca Cola rose.
Stocks tumbled in the first trading day of March after Fed Chairman Ben Bernanke's speech before the Senate Banking Committee and as investors worried that rising oil prices could stifle the recovery. Caterpillar fell, while Coca Cola rose.
The Securities and Exchange Commission's charges against ex-Goldman Sachs board member Rajat Gupta on insider trading is yet another blow to investor confidence, Matthew Halbower, CEO and chief investment officer of hedge fund Pentwater Capital Management, told CNBC Tuesday.
Stocks pared losses as Federal Reserve Chairman Ben Bernanke spoke before the Senate Banking Committee.
U.S. energy supplier PPL Corp is close to a $6 billion cash deal to buy the UK electricity grid distribution business of E.ON AG, according to people close to the deal.
If oil markets remain calm, Fed chairman Ben Bernanke's comments on the economy, auto sales and ISM manufacturing data could have more sway over markets on Tuesday.
Wall Street appears to like Warren Buffett's "itchy trigger finger" for a major acquisition and his economic optimism, two of the major themes in his new annual letter to shareholders. Amid a lot of speculation about possible targets for Buffett's reloaded "elephant gun," shares of Berkshire Hathaway rallied by almost three percent today, bringing both share classes to fresh 2-1/2 year closing highs.
Stocks closed February on a strong note, leading to three consecutive months of gains, as all the major indices gained in the final minutes of trading. J&J and Verizon rose, while Intel fell.
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