Top News & Analysis New York City

  • Myrtle-Beach---Boardwalk-shops_Photo_VisitMyrtleBeach.com

    Once all the holiday gift lists have been checked off, there will be plenty of great deals for travelers looking to get away.

  • NEW YORK, Nov 17- J. Crew Group Inc, known for its preppy men's and women's clothing, said on Saturday that its Chief Executive Officer James Brett is leaving the company, effective immediately. The decision, which leaves the retailer without a CEO ahead of the key holiday shopping season, was described in a statement as a mutual agreement between Brett and the New...

  • **FRANKFURT- ECB Chair of the Supervisory Board Daniele Nouy participates in conversation at the 19th Handelsblatt Annual Conference "EBR European Banking Regulation" in Frankfurt, Germany- 0915 GMT. LONDON- Bank of England Executive Director for UK Deposit Takers Supervision James Proudman speaking on' Cyborg Supervision- The Application of Advanced...

  • Nov 16- The chief of California's top utilities regulator said on Friday he was shocked to learn that reassurances he made to investors about PG&E caused the embattled power utility's stock to surge over 40 percent in a matter of minutes. PG&E's stock had slumped over 60 percent since the state's deadliest-ever wildfire broke out last week on fears that...

  • NEW YORK, Nov 16- U.S. In a CNBC interview at the U.S. central bank's Washington headquarters on Friday, Fed Vice Chair Richard Clarida said the bank needs to be particularly data-dependent as rates are near the 2.5 percent to 3.5 percent "neutral" range that neither stimulates nor brakes economic growth. "The big driver right now is Fed speech," said Guy LeBas, chief...

  • *OPEC could cut supply by 1.4 mln bpd to prevent glut. NEW YORK, Nov 16- Oil ended slightly firmer after volatile trading on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices fell for the sixth straight week amid global oversupply concerns. OPEC kingpin Saudi Arabia is...

  • NEW YORK, Nov 16- The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods. U.S. stocks moved higher, however, after President Donald Trump said China seemed willing to make a deal on trade and that the United States may not have to impose further tariffs on the Chinese...

  • *Sterling recovers as key Brexiteers back UK PM May's plan. NEW YORK, Nov 16- The dollar fell broadly on Friday in the wake of cautious comments from two U.S. The greenback fell to one-week lows versus the euro and a two-week trough against the yen following comments from Fed Vice Chair Richard Clarida, who told CNBC television he saw some evidence that global growth...

  • Sheryl Sandberg, Chief Operating Officer of Facebook

    Facebook co-founder Mark Zuckerberg should step down as chairman and focus on being CEO, Yale's Sonnenfeld says.

  • NEW YORK/ LONDON, Nov 16- Raw sugar futures and arabica coffee futures on ICE closed higher on Friday, boosted Strengthening in the currency of Brazil, the top producer of both commodities, boosted raw sugar and arabica coffee earlier. *March raw sugar settled up 0.04 cent, or 0.3 percent, at 12.69 cents per lb, down 0.3 percent from the week prior. *India's annual...

  • His comments were similar to those of CBS interim CEO Joe Ianniello earlier this month. Viacom's new film deal with Netflix expands upon other work it has done for the world's biggest streaming video service, including TV series "The Haunting of Hill House" and "Maniac," which stars Emma Stone and Jonah Hill. Revenue from TV production across Viacom, owner of cable...

  • *OPEC could cut supply by 1.4 mln bpd to prevent glut. NEW YORK, Nov 16- Oil traded up slightly in a volatile session on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices were set to for a weekly drop on underlying oversupply worries. OPEC kingpin Saudi Arabia is keen for...

  • Wall Street has been struggling with uncertainty over U.S. congressional midterm elections, the path of interest rate hikes possibility corporate earnings have already peaked. After an October that saw the S&P 500 slump nearly 7 percent, Wall Street has struggled to find its footing, rising 0.7 percent so far in November. "Of all the other factors, the consumer...

  • *OPEC could cut supply by 1.4 mln bpd to prevent glut. NEW YORK, Nov 16- Oil rose nearly 1 percent on Friday on expectations that the Organization of the Petroleum Exporting Countries and its allies would agree to cut output next month, though prices were set to for a weekly drop on underlying concerns that the global market was oversupplied. OPEC kingpin Saudi...

  • NEW YORK, Nov 16- The wild swings in the shares of PG&E Corp over the past week have drawn a rush of trading in the electricity provider's options contracts and traders are betting the stock is going to remain prone to wild gyrations in the near term. Shares of the electricity provider in the northern California region ravaged by a deadly wildfire jumped 36 percent...

  • *Wall St little changed as Nvidia tumbles. NEW YORK, Nov 16- The U.S. dollar weakened and Treasury yields pulled back on Friday after a top Federal Reserve official said U.S. interest rates are near a neutral rate, while continued uncertainty over Brexit clouded currency and other markets. Investors are starting to look at the vice chairmans remarks this morning as...

  • The inside of one of the mini FAO Schwarz shops within Hudson's Bay in Canada.

    FAO Schwarz is making its return to New York City after shutting its famed flagship store on Fifth Avenue in 2015, when the brand was still owned by Toys R Us.

  • NEW YORK, Nov 15- U.S. crude oil stocks posted the biggest weekly build in nearly two years last week as production hit a new record high and the government released more barrels from its reserve, the Energy Information Administration said on Thursday. "A good chunk of the crude build occurred on the Gulf Coast, as refining activity dropped," said Matt Smith, director...

  • NEW YORK, Nov 15- U.S. crude oil stocks jumped by 10.3 million barrels last week, the biggest build in nearly two years, as production hit a new record and the government released more barrels from its reserve, the Energy Information Administration said on Thursday. "A good chunk of the crude build occurred on the Gulf Coast, as refining activity dropped," said Matt...

  • Nov 15- The U.S. Food and Drug Administration on Thursday announced sweeping new restrictions on flavored tobacco products, including electronic cigarettes popular among teenagers in an effort to prevent a new generation of nicotine addicts. The FDA also plans to seek a ban on menthol cigarettes, a longtime goal of public health advocates, as well as flavored...