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US stocks are off the highs Tuesday afternoon, but still strong gains in financials, materials, industrials, energy stocks all up 3 percent. Volume lighter since the European close at 11:30am ET — looks like our European friends were putting some money to work here.
Futures soared, pointing to a sharply higher open on the first trading day of the New Year as investors were encouraged by a manufacturing report from China.
Wall Street closed with a head of steam Tuesday, with a rally powered ahead by hopes for the financial market, relief for banks and a bit of short-covering thrown in for good measure.
US stock index futures were pointing to a strongly higher open for Wall Street on Tuesday after a report showing German business optimism rising unexpectedly and as Spanish short-term financing costs fell sharply.
Considering Iran said it captured an American drone, will lawmakers turn negative on the technology as they cut defense spending?
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Stocks ended lower in a thin, volatile session Tuesday, with the S&P and Nasdaq logging a fifth-consecutive decline as investors remained cautious over uncertainty in the euro zone and after a tepid GDP report.
Futures edged lower Tuesday following a lower-than-expected GDP figure and following the previous session’s sharp sell off.
There are still some things made in America. Inside a massive building in Niles, Ohio, furnaces burning at temperatures of up to 4,000 degrees are melting titanium, a lightweight but strong metal which goes into airplanes, tanks, and artillery.
On one hand the idea of another record year for aerospace manufacturing hardly makes sense, and yet on the other, air travel remains an industry that is still expanding.
The German Bundestag has reportedly approved a strengthening of the European Financial Stability Facility. China is waiting, but will make a move soon. The head of the EFSF, Klaus Regling, is going to China and likely other Asian countries to seek money for his fund.
About 65 companies in the S&P 500 have increased dividend payouts by more than 1 percent so far this year.
A business consortium that includes Lockheed Martin and Barclays bank plans to invest as much as $650 million over the next few years to slash the energy consumption of buildings in the Miami and Sacramento areas. It is the most ambitious effort yet to jump-start a national market for energy upgrades that many people believe could eventually be worth billions. The New York Times reports.
How much do you know about the business side of the aerospace and defense industries? Take our quiz and find out.
A six-second clip on Chinese state television has provided a rare glimpse into purported cyber hacking attacks launched by the country's military, despite long-standing official denials that the government engages in such activity.
The White House's chief information officer is working to shrink the federal government's budget for information technology using cloud computing. His vision is being met with caution by at least a few of the technology chiefs at the federal agencies that are carrying it out, the New York Times reports.
While all eyes have been on recent swings across the global markets, the looming threat of cyber attacks has increased. The latest target is the social-networking giant, Facebook.
Most of the pundits had expected a relief rally in stocks following a resolution to the debt ceiling crisis. That did not happen. So what gives? Why is the market behaving so poorly despite the hard-fought compromise by lawmakers?
Private sector payrolls rose at a faster pace than expected in July, but a surprising increase in layoffs helped push the number of announced jobs cuts to a 16-month high, separate reports showed.
A new wave of corporate layoffs could pick up momentum if the economy does not kick into a higher gear soon — and that has traders thinking Friday's US jobs report may be a huge disappointment.