How the bull run altered the list of most valuable US stocks

Tech 03/08/19, 11:09

When this bull market was born 10 years ago, just one of the most valuable companies in the market was a technology stock. Now, it's four out of five.Back in March 2009, the biggest companies were familiar names with long histories in traditional industries like oil (Exxon Mobil) and makers ...

US stocks sink following surprisingly weak jobs report

Business 03/08/19, 10:19

U.S. stocks fell Friday morning as signs piled up that the global economy is hitting the brakes, headlined by a surprisingly weak report on the U.S. job market.The S&P 500 was on track for its fifth straight decline, which would be its longest losing streak in nearly four months. It ...

Cheaper, easier, still risky: Investing after a 10-year run

Business 03/08/19, 08:24

As the bull market for U.S. stocks celebrates its 10th birthday, joining the party has never been cheaper or easier.Investors can buy or sell stocks on their phone with the flick of a thumb, and for a much lower cost than was possible on March 9, 2009, when the S&P ...

Run, bull, run. Longest bull market looks to keep going

Business 03/07/19, 15:14

Wall Street has rewarded its most patient investors handsomely over the past 10 years. Is there more to come?The S&P 500, the U.S. market's benchmark index, has gained about 309 percent since bottoming out at 676.53 points in March 2009 during the Great Recession, according to FactSet. The index is ...

Consumer borrowing up in January with credit card rebound

Business 03/07/19, 15:08

Consumer borrowing rose at a slightly faster pace in January as borrowing on credit cards rebounded after a slowdown in December.The Federal Reserve says borrowing increased by $17.05 billion in January after a $15.36 billion December gain. The increase reflected acceleration in borrowing in the category that includes credit cards, ...

Markets Right Now: Wall Street heads for a 4th straight loss

Europe 03/07/19, 11:52

The latest on developments in financial markets (all times local):11:45 a.m.Major indexes are moving lower on Wall Street, putting the market on track for its fourth straight loss and its first losing week since January.Banks and technology companies had some of the biggest losses Thursday. Bank of America and Nvidia ...

US stocks fall in morning trading, extending weekly losses

Business 03/07/19, 10:15

U.S. stocks moved lower in morning trading, led by banks and technology companies, putting the market on track for its first losing week since January.Utilities and real estate stocks eked out slight gains as investors moved toward safer holdings.A lack of concrete news on trade and lingering economic concerns has ...

PHOTOS: The bull market in US stocks turns 10

Business 03/07/19, 10:11

The bull market in stocks started with the U.S. still reeling from the Great Recession in March 2009. The bull turns 10 this weekend, having survived threats such as a debt crisis in Europe (2011), a slowdown in the Chinese economy (2015-2016), and fears of inflation and rising interest rates ...

After a decade of doubts, the stock market’s bull chugs on

Europe 03/07/19, 10:09

The bull market for U.S. stocks turns 10 years old this weekend, which puts it way past senior citizen status for a market run. It's got the scars to prove it.Since rising from the rubble of the financial crisis in 2009, this bull market has faced several near-death experiences. Worries ...

Asian shares mostly lower as US-China trade optimism fades

Business 03/07/19, 02:58

Asian shares were mostly lower Thursday as optimism about progress in trade talks between the U.S. and China started wearing thin. Japan's benchmark Nikkei 225 slipped 0.7 percent in afternoon trading to 21,456.01. Australia's S&P/ASX 200 edged up 0.3 percent to 6,263.90. South Korea's Kospi dropped 0.5 percent to 2,165.79. Hong ...

Energy, industrial stocks push indexes lower in early trade

Business 03/06/19, 10:10

Stocks moved slightly lower in early trading on Wall Street as losses for energy and industrial companies offset another set of gains for retailers.The mostly wobbly trading follows a listless day as investors look for direction. Disappointing economic reports, uncertainty over trade issues and fears of a slowdown in economic ...

Asian shares mostly higher as congress lifts Chinese markets

Business 03/06/19, 02:37

Asian markets were mostly higher Wednesday, led by gains in Chinese markets as officials promised to enact measures to boost the economy and cool trade tensions. The Shanghai Composite index jumped 1.5 percent to 3,102.10 and Hong Kong's Hang Seng added 0.2 percent to 29,030.17. Japan's Nikkei 225 lost 0.6 percent ...

US budget deficit up 77 percent so far this budget year

Business 03/05/19, 17:48

The federal government recorded a budget surplus in January. But so far this budget year, the total deficit is 77 percent higher than the same period a year ago. The Treasury Department said Tuesday that the deficit for the first four months of this budget year, which began Oct. 1, totaled ...

Stocks drift between small gains, losses in midday trading

Business 03/05/19, 11:58

U.S. stocks are moving sideways in midday trading on Wall Street Tuesday as losses for banks and big technology companies offset gains elsewhere in the market.The stagnant movement came a day after the market failed to hold on to an early gain. Citigroup slumped 1.3 percent, while Micron Technology dropped ...

Markets Right Now: Stocks waver between gains and losses

Tech 03/05/19, 11:54

The latest on developments in financial markets (all times local):11:45Stocks are drifting between small gains and losses in midday trading as declines in banks and big technology companies offset gains elsewhere in the market.The indecisive trading Tuesday came a day after the market failed to hold on to an early ...

Update: European deal to help UK banks manage Brexit

Europe 03/05/19, 06:00

The Latest on Britain's scheduled departure from the European Union (all times local):10:55 a.m.The central banks of the eurozone and Britain have agreed to activate a currency swap mechanism that would ensure British banks continue to have the access they need to euros, even during any market turmoil related to ...

UAE non-oil companies cutting jobs at fastest rate in decade

Business 03/05/19, 04:06

A leading Dubai bank warned on Tuesday that non-oil companies across the United Arab Emirates have cut staff at their sharpest rate in nearly a decade amid an economic slowdown.A report by Emirates NBD, which is majority owned by Dubai's government, said it relied on data from some 400 private ...

Mnuchin announces halt in payments into 2 retirement funds

Business 03/04/19, 18:38

Treasury Secretary Steven Mnuchin informed Congress on Monday that he will stop making payments into two government retirement funds now that the debt limit has gone back into effect.In a letter to congressional leaders, Mnuchin said that he would stop making investments into a civil service retirement fund and a ...

Markets Right Now: An early rally gone, stocks slide at noon

Tech 03/04/19, 11:59

The latest on developments in financial markets (all times local):11:45 a.m.Stocks are turning lower on Wall Street at midday, erasing an early rally, as traders wait to if any details emerge about progress being reported in trade talks between the U.S. and China.Technology, health care and communications companies gave back ...

Thoroughbred breeding numbers continue to fall in Florida

U.S. 03/03/19, 03:01

In the past decade, breeding of racing thoroughbreds continues to consolidate in Kentucky, leaving other states, including Florida, to fight over a smaller piece of a shrinking pie.And for the first time in decades, the number of mares bred in Florida fell below 2,000 and stallions dropped below 100, according ...

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