Google's services have been blocked in China for several years, but the company still has businesses there, as the tech giant seeks to sell products to Chinese firms in...Technologyread more
Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
Investors will be watching out for the release of Australian jobs data, set to be at 9:30 a.m. HK/SIN.Asia Marketsread more
The company blamed its Q2 content slate and price increases for the subscriber miss.Technologyread more
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.Technologyread more
See which stocks are posting big moves after the bell on July 17.Market Insiderread more
"It's clearly doing more harm than good," the "Mad Money" host says. Instead Facebook should buy Square for $70 billion and expand the payments network worldwide.Mad Money with Jim Cramerread more
Silicon Valley workers say they gravitate toward Yang, who is running for president as a Democrat, because of his approach to research and understanding of tech's moral...Technologyread more
Prosecutors in Masschusetts have dropped a criminal case against actor Kevin Spacey, who had been accused of groping an 18-year-old man.Entertainmentread more
"The passport contains numerous ingress and egress stamps, including stamps that reflect use of the passport to enter France, Spain, the United Kingdom, and Saudi Arabia in...Politicsread more
The dollar on Thursday recovered from earlier losses spurred by soft U.S. economic data, as investors consolidated positions and looked for fresh trading incentives amid U.S.-China trade negotiations and talks related to Britain's exit from the European Union.
The greenback earlier fell, hurt by weaker-than-expected U.S. economic data that affirmed expectations the Federal Reserve will hold U.S. interest rates steady this year.
"We had weak U.S. data earlier that pushed the dollar lower, but now that move is over," said John Doyle, vice president of dealing and trading at Tempus Inc. in Washington. "Right now, we're kind of stuck in some boring, tight ranges. We were kind of hoping for some events to shake things loose, but that didn't really happen and we're sort of looking for the next driver," he added.
Doyle noted that those drivers could very well be related to developments on U.S.-China trade talks and Brexit negotiations.
The U.S. data came a day after minutes of the Fed's monetary policy last month said patience was needed when it came to tightening rates, noting a pause in rate hikes gave it time to observe the effects of past increases amid a global economic slowdown.
New orders for U.S.-made capital goods, in particular, unexpectedly fell in December, data showed on Thursday, amid declining demand for machinery and primary metals, pointing to sluggish business spending on equipment that could crimp economic growth.
"Overall, the durable goods data provide further reason to think that economic growth will soon slow to below its 2 percent potential pace, which will keep the Fed on hold throughout this year," said Andrew Hunter, senior U.S. economist, at Capital Economics in London.
Thursday's data also showed that the Philadelphia Fed's manufacturing activity index dropped to a reading of -4.1 this month from 17.0 in January. That was the first negative reading since May 2016.
In afternoon trading, the dollar index, a gauge of its value against a basket of six major currencies, was up 0.16 percent at 96.61.
The dollar, however, fell 0.14 percent against the to 110.69 yen, sliding for the first time in five days.
The euro, meanwhile, was little changed versus the dollar, at $1.1337, earlier rising after surveys showed business activity was surprisingly firm in February, particularly in France.
French business activity rose more than expected, though the German PMI number was more of a mixed picture. A bunch of weak data since January has undermined support for the euro, prompting investors to revise down their inflation expectations for the coming months, and pulled core bond yields lower. A Citibank economic surprise index shows the euro zone indicator is still wallowing near six-month lows hit last month.