China contributes 15% to global GDP, and is a major importer from emerging markets. No wonder its meltdown is having ripple effects.» Read More
Tough times for Brazil
U.S. stocks closed higher after the Fed kept rates unchanged and the continued recovery in oil prices encouraged investor sentiment.
U.S. stocks closed about 1 percent higher as investors cheered some recovery in oil prices, amid mixed earnings and the beginning of the Fed meeting.
The House of Representatives on Monday unanimously approved the Small Business Administration loan program in a bill the Senate had already passed. But the Senate took lightning-fast action to raise the SBA lending limit in less than a day, marking a stark contrast with Congress' protracted battle over another federal loan guarantee agency, the U.S....
Dramatic headlines on China's stock market and economic slowdown form a negative weight but aren't likely to push U.S. stocks into a correction.
Some of the names on the move ahead of the open.
Ahead of President Barack Obama's trip to Kenya and Ethiopia, Africa has resurfaced as a topic of discussion in the investment community.
WASHINGTON, July 27- A gauge of U.S. business investment plans rebounded solidly in June after two straight months of declines, suggesting the drag on manufacturing from capital spending cuts was starting to ebb. "This could be a sign that manufacturing activity is starting to pick up again following the weak start to the year," said Daniel Silver, an economist at...
*Core capital goods orders rise 0.9 percent in June. WASHINGTON, July 27- A gauge of U.S. business investment plans rebounded solidly in June, suggesting the drag on manufacturing from capital spending cuts was starting to ebb. The Commerce Department said on Monday non-defense capital goods orders excluding aircraft, a closely watched proxy for business...
A gauge of U.S. business investment plans rebounded in June, suggesting the drag on manufacturing from capital spending cuts was starting to ebb.
Schlumberger Ltd, the world's No. 1 oilfield services provider said last week it believed the North American rig count may be bottoming and that a slow rise in both land drilling and completion activity could occur in the second half of the year. Schlumberger and rival Halliburton have slashed their capital expenditure budgets for this year.
The Fed meets next week, but a commodities meltdown and earnings season are adding to concerns about global growth and may steal some of its thunder.
NEW YORK, July 24- Amazon.com founder and Chief Executive Officer Jeff Bezos got a lot richer while he slept on Thursday night, after the company reported its quarterly earnings and its shares rose 20.1 percent. The shares, which had briefly hit a record high of $580.57 overnight, closed at $529.42. The stake held by Bezos would hold a market cap of about $48.6...
NEW YORK, July 24- Amazon.com founder and Chief Executive Officer Jeff Bezos got a lot richer while he slept on Thursday night, after the company reported its quarterly earnings and its shares rose 20.1 percent. The stock jump added $8 billion to Bezos' net worth as the market opened on Friday, but by midafternoon, he had given back $3.1 billion of that gain.
From software companies to drugmakers to fast food chains, economic weakness in China is denting multinationals' financials this earnings season.
Caterpillar fell to multiyear lows after reporting a second-quarter revenue miss, and traders are betting the decline will continue.
The Dow’s performance is dragging behind the S&P 500, which could mean trouble for the rest of the market.
LONDON, July 24- British temporary power firm Aggreko said on Friday that its pretax profit for this year would be between 8 and 15 percent lower than market forecasts, due to a slowdown in oil and gas and less favorable contract terms. Aggreko said its North American business had been hit by a lower oil price and declining activity there meant less equipment was...
A sell-off unfolded in Asia's stock markets on Friday, hit by a triple whammy of U.S. losses, a continued slump in commodities and soft Chinese data.
*Shin-Etsu Chemical soars on strong results, dividend hike. TOKYO, July 24- Japan's Nikkei share average fell on Friday morning after dismal corporate earnings on Wall Street, while some investors hugged the sidelines ahead of key Chinese economic data due out later in the day. U.S. shares fell after the likes of 3 M, American Express and Caterpillar disappointed...