Report: Facebook considering its own bitcoin for payments

Business 05/03/19, 07:15

The Wall Street Journal reports that Facebook plans a cryptocurrency-based payment system that it could launch for billions of users worldwide.The system would use a digital coin similar to bitcoin, but different in that Facebook would aim to keep the coin's value stable. Bitcoin and similar cryptocurrencies have been susceptible ...

Asian markets mixed following losses on Wall Street

World 05/03/19, 01:43

Benchmarks in Asia were mixed with thin trading on Friday after a discouraging day on Wall Street. News reports highlighting obstacles in the way of a China-U.S. trade deal also weighed on sentiment.The Kospi in South Korea dropped 0.7% to 2,196.32 while Hong Kong's Hang Seng gained 0.2% to 30,003.18. ...

Stocks edge higher on mixed bag of corporate earnings

Business 05/02/19, 09:41

Stocks edged slightly higher in early trading Thursday on Wall Street while investors assessed a mix of corporate earnings.Solid earnings results from several insurance companies helped lift financial stocks. MetLife and Allstate both posted gains. Technology stocks were also rising, pushed by solid earnings from chipmaker Qualcomm.Energy stocks and consumer ...

Asian stocks mixed as Fed steers clear of signaling rate cut

Business 05/02/19, 01:52

Asian stocks were mixed on Thursday after the U.S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting that a cut was possible this year. Trading was light with markets in Japan and mainland China closed.Hong Kong's Hang Seng rose 0.6% to 29,882.20 while Australia's S&P ...

Big moves by Apple, CVS help drive US stock indexes higher

Business 05/01/19, 11:08

Stocks moved broadly higher in midday trading on Wall Street Wednesday as large U.S. companies continued to surprise investors with solid profits.Earnings reporting season is more than a third of the way through and the results have been tempering investors' worst fears about a severe profit slump. Earnings are down ...

Update: Markets edge up ahead of Fed rate decision

Business 05/01/19, 04:50

The Latest on the Federal Reserve's monetary policy meeting (all times local): 4:45 a.m. Stock markets are edging higher ahead of a Federal Reserve policy meeting at which the central bank is not expected to change its interest rates but could give clues on their future direction. Futures for the Dow and the ...

Asia markets mostly closed, Sydney up after new S&P 500 high

Business 05/01/19, 00:33

Financial markets were mostly closed in Asia on Wednesday for holidays after Wall Street ended a wobbly trading session with meager gains.Australia's S&P ASX 200 rose 0.8% on Wednesday to 6,377.10 after ANZ reported a 2% increase in its profit, kicking off the earnings season for the country's Big Four ...

Revenue slowdown at Alphabet helps drag US stocks lower

Business 04/30/19, 09:45

U.S. stocks were moving lower early Tuesday, dragged down by big communications companies after Google's parent company, Alphabet, reported a slowdown in revenue growth.Alphabet is one of many huge U.S. companies to report their results this week, giving investors plenty to focus on. For the most part, the first-quarter earnings, ...

Going, going, almost gone: Fund fees drop to record low

Business 04/30/19, 09:12

The stock market keeps going higher, but fees to own funds keep going lower.Investors paid less to own funds last year than ever before: about $48 in expenses for every $10,000 invested, according to a study by fund tracker Morningstar. That's roughly half of what investors paid in 2000, when ...

Surveys: China factory activity grew in April

Business 04/30/19, 00:42

China's factory activity grew in April despite a tariff war with Washington, two surveys showed Tuesday, adding to signs a slowdown in the world's second-largest economy might be bottoming out. Activity was weaker than the previous month but an improvement over February, when manufacturing indicators fell to a three-year low. "The worst ...

Asian stocks mixed after new Wall Street high

Business 04/30/19, 00:41

Asian stock markets were mixed Tuesday after Wall Street hit a new high and Chinese factory activity grew in April but below the previous month's pace.Benchmarks in Hong Kong, Seoul and Sydney declined while Shanghai advanced. Japanese markets were closed for a holiday.Purchasing managers' indexes from a business magazine and ...

Stocks edge higher on Wall Street after record-setting week

Business 04/29/19, 09:25

U.S. stocks followed a record-setting week by edging slightly higher in early trading on Wall Street Monday.Solid corporate earnings reports helped take some pressure off the market over the last several weeks. Analysts have been expecting a sharp downturn in corporate profit, but it has yet to materialize. The steady ...

Asian stocks mixed after Wall Street hits new highs

Business 04/29/19, 02:23

Asian stock markets were mixed on Monday as investors looked ahead to U.S.-Chinese trade talks and the Federal Reserve's update on its U.S. interest rate outlook.Benchmarks in Hong Kong and Seoul advanced, while Shanghai and Sydney declined. Japanese markets were closed for a holiday and India was closed for elections.On ...

Asian stocks mixed after new Wall Street highs

Business 04/28/19, 22:55

Asian stock markets were mixed Monday as investors looked ahead to U.S.-Chinese trade talks and the Federal Reserve's update on its U.S. interest rate outlook.Benchmarks in Hong Kong and Seoul advanced, while Shanghai and Sydney declined. Japanese markets were closed for a holiday.On Wall Street, the benchmark Standard & Poor's ...

Bee crisis: Pollinators endure countless threats in Florida

U.S. 04/27/19, 02:01

Tim Gould by now is well attuned to all the buzz beneath his roof."I don't know why they're picking on me," Gould says, as wildlife trapper Leo Cross climbs a ladder to vacuum out the beehive inside his roof. "They've lit me up multiple times."No hard feelings: Gould wants to ...

US stocks close higher as S&P 500, Nasdaq hit new highs

Business 04/26/19, 16:29

Wall Street capped a week of milestones by delivering a couple more Friday. A late-afternoon burst of buying lifted the major U.S. stock indexes, which had spent much of the day in a sideways drift. The gains nudged the benchmark S&P 500 index and Nasdaq composite to new closing highs for ...

Outlook for the US economy and stock market brightens

Business 04/26/19, 15:13

The worries that hung ominously over the U.S. economy early this year appear to have lifted. And that sunnier picture has helped bolster confidence in the stock market — driving the benchmark S&P 500 index to another record high Friday. The latest dose of encouragement came in a report Friday that ...

Asian shares fall on China stimulus worries, patchy earnings

Business 04/26/19, 03:30

Shares were mostly lower in Asia on Friday after an overnight decline on Wall Street spurred by disappointingly weak earnings reports from 3M and some other industrial companies.Concern that China may temper its economic stimulus pulled the Shanghai benchmark down 1.2% to 3,086.40. Japan's Nikkei 225 index slipped 0.2% to ...

Morgan Stanley to pay $130 million to California pensions

California 04/25/19, 17:05

One of the world's largest investment banks has agreed to put $130 million into the nation's biggest public pension system to settle accusations it knowingly sold bad investments that caused the retirement fund for millions of workers to lose money.California Democratic Attorney General Xavier Becerra announced the settlement with Morgan ...

S&P 500 dips; weak industrials blot out shining tech stocks

Business 04/25/19, 09:59

U.S. stock indexes pulled further back from their record highs on Thursday after a cavalcade of industrial companies turned in weak earnings reports, blotting out a set of blowout results from big-name tech companies.3M, the maker of Scotch tape and various products for businesses, reported lower revenue and profit for ...

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