*Flattening U.S. yield curves hit bank stocks. Dec 4- Banks led Wall Street lower on Tuesday, as a decline in U.S. bond yields set off warning lights about slowing growth, while industrial and technology stocks fell on skepticism over the chances of a breakthrough in the U.S.- China trade talks. Following a rally on Monday after Washington and Beijing agreed to a...
Former president George Herbert Walker Bush, who died late Friday, will lie in state in Washington DC beginning on Monday before being buried at his presidential library later in the week.
Throughout his years in the public eye, Bush was lauded for his temperament, graciousness and kindness — qualities cited repeatedly by figures on both sides of the aisle.
President Donald Trump has postponed a press conference designed to tout the "great success" of the Group of 20 meeting in Argentina.
Nov 30- Marriott International Inc said on Friday that hackers accessed up to 500 million customer records in its Starwood Hotels reservation system in an attack that began four years ago, exposing data including passport numbers and payment cards. The Federal Bureau of Investigation said it was looking into the attack on Starwood, whose brands include...
*New York, Illinois, Connecticut AGs investigate. Nov 30- Marriott International Inc said on Friday that hackers accessed about 500 million records in its Starwood Hotels reservation system in an attack that began four years ago, exposing personal data of customers including some payment card numbers. The hack began in 2014, before Marriott offered to buy...
*OPEC and allies meet next week to discuss supply cuts. *Saudi Arabia says it will not cut oil output alone. U.S. crude settled down $1.27, or 2.5 percent, at $50.29 a barrel, its lowest since Oct. 9, 2017.
*Saudi Arabia says it will not cut oil output alone. *OPEC and allies meet next week to discuss supply cuts. Brent crude was down 32 cents, or 0.5 percent, at $59.89 a barrel as of 1:18 p.m. EST, after falling as low as $59.03.
Nov 28- U.S. crude oil stockpiles rose for a 10th week in a row last week even as refineries boosted output and exports increased, the Energy Information Administration said on Wednesday. Crude inventories rose 3.6 million barrels in the week to Nov. 23, compared with analysts' expectations for an increase of 769,000 barrels. "This report does not paint a supportive...
*OPEC and allies meet next week to discuss supply cuts. The market also remains nervous over whether OPEC- led producing countries will reach an accord next week on output cuts. Saudi Arabia said on Wednesday it would not cut output alone and Nigeria stopped short of committing to a new push to curb supplies.
*Saudi Arabia expected to push for OPEC supply cut. NEW YORK, Nov 27- Oil prices steadied on Tuesday, supported by expectations that crude exporters would agree to cut output at an OPEC meeting next week, but weighed down by signs of increased global production. With the top three crude producers- Russia, the United States and Saudi Arabia- all present, oil policy is...
Nov 23- United Technologies Corp on Friday received Chinese regulatory approval for its $30 billion purchase of aircraft parts maker Rockwell Collins Inc, clearing the final hurdle to complete the largest aerospace deal in history. The conditional approval for the deal between the two American industrial heavyweights comes during a period of escalating...
Twenty one-year old Columbia computer science graduates Bhavaya Shahi and Ketakee Nimavat pulled an all-nighter outside Macy's Herald Square store in New York hoping to beat long snaking lines that usually forms in front of popular store. Stores, such as the Macy's in Herald Square, opened doors as early as 5 p.m. on Thanksgiving, but a large chunk of retailers...
NEW YORK, Nov 20- U.S. stocks extended their selloff on Tuesday, with the S&P 500 hitting a three-week low, as energy shares dropped with oil prices and retailers including Target and Kohl's sank after weak earnings and forecasts. The S&P 500 and Dow slipped into negative territory for the year, and the Nasdaq fell to its lowest level in more than seven months.
*Shares of U.S. retailers tumble on weak earnings, outlooks. NEW YORK, Nov 20- World equity markets fell on Tuesday, with U.S. stocks hurt by worries over softening demand for the iPhone and corporate growth prospects, while oil prices sank on concerns about rising global supply. As the outlook for corporate earnings growth dims, equities are bound to lose their...
NEW YORK, Nov 20- U.S. stocks tumbled in early trade on Tuesday. The S&P 500 hit a three-week low as weak results and forecasts from a bunch of retailers including Target and Kohl's fanned worries about holiday season sales, while tech stocks continued to slide on concerns about iPhone demand. MATTHEW KEATOR, PARTNER, THE KEATOR GROUP, LENOX, MASSACHUSETTS.
NEW YORK, Nov 20- U.S. stocks tumbled in early trade on Tuesday. The S&P 500 hit a three-week low as weak results and forecasts from a bunch of retailers including Target and Kohl's fanned worries about holiday season sales, while tech stocks continued to slide on concerns about iPhone demand. DOUG BIBEN, FOUNDER AND PORTFOLIO MANAGER, BCM, LOS ANGELES.
NEW YORK, Nov 20- U.S. stocks tumbled in early trade on Tuesday. The S&P 500 hit a three-week low as weak results and forecasts from a bunch of retailers including Target and Kohl's fanned worries about holiday season sales, while tech stocks continued to slide on concerns about iPhone demand. MICHAEL OROURKE, CHIEF MARKET STRATEGIST, JONESTRADING, GREENWICH,...
*OPEC expected to cut supply to prevent glut. *Russia says it will discuss deal with OPEC on Dec. 6. NEW YORK, Nov 19- Crude futures rose ahead of settlement in choppy trade on Monday, supported by a reported drawdown of U.S. oil inventories, potential European Union sanctions on Iran and possible OPEC production cuts.
NEW YORK, Nov 14- Oil rose about 1 percent on Wednesday, recouping some of the previous session's heavy sell-off, on growing prospects that the Organization of the Petroleum Exporting Countries and allied producers would cut output at a meeting next month to prop up prices. After a record 12 straight days of losses and the steepest one-day loss in more than three...
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