Texas company that destroyed bump stocks sues US government

Texas 04/09/19, 11:05

A Texas gun company that destroyed more than 73,000 bump stocks when a federal ban on the rapid-fire devices took effect has sued the U.S. government claiming millions of dollars in losses. RW Arms of Fort Worth on Monday announced the lawsuit and said the government took its property "without just ...

Asian markets follow Wall Street higher

Business 04/09/19, 00:49

Asian markets followed Wall Street higher Tuesday as investors watched for Brexit developments and corporate earnings.Benchmarks in Shanghai, Hong Kong and Seoul gained, while Tokyo and Sydney were little-changed. Southeast Asian markets also gained.On Wall Street, the benchmark Standard & Poor's 500 index eked out a 0.1% gain to extend ...

Fed puts forward proposals to modify bank regulations

Business 04/08/19, 14:31

The Federal Reserve on Monday put forward two proposals to modify regulations put in place after the 2008 financial crisis that the banking industry complained were too restrictive. The proposed regulatory changes were approved on a 4-1 vote with Fed board member Lael Brainard opposing the changes. She said they "would ...

US stocks retreat, on pace for first drop in nearly 2 weeks

Business 04/08/19, 09:15

U.S. stock indexes pulled back on Monday, putting at least a temporary halt to their weekslong advance. The early drop comes at the beginning of a busy week for markets.The S&P 500 was slightly lower from the onset of trading, and if it stays down, it would be the first ...

Asian shares mixed after China-US trade talks show progress

Business 04/08/19, 00:51

Shares were mixed in Asia on Monday after trade talks between China and the U.S. wrapped up with officials on both sides claiming progress and the U.S. government reported a strong rebound in hiring in March.Japan's benchmark Nikkei 225 index slipped 0.2% to 21,769.58 and the Shanghai Composite index sank ...

Asian shares mixed after China-US trade talks show progress

Business 04/07/19, 23:34

Shares were mixed in Asia on Monday after trade talks between China and the U.S. wrapped up with officials on both sides claiming progress and the U.S. government reported a strong rebound in hiring in March.Japan's benchmark Nikkei 225 index slipped 0.2% to 21,762.19 and the Shanghai Composite index edged ...

Stocks tick higher after US jobs report hits sweet spot

Business 04/05/19, 09:09

Stocks rose Friday morning after a better-than-expected report on U.S. jobs eased worries that the economy is slowing too sharply. U.S. employers added 196,000 jobs last month, more than economists had forecast. More importantly, it gave encouragement to economists who said the prior month's jobs report, which was shockingly weak, may ...

Greece’s bailout lenders approve big debt relief payout

Europe 04/05/19, 05:46

Greece's bailout creditors have backed a payout worth $1 billion to Greece as part of a debt relief package after the eurozone country carried out a series of reforms.Mario Centeno, who heads the group of 19 eurozone finance ministers, told reporters after a meeting in Bucharest, Romania, on Friday, that ...

With Brexit, Britain is in crisis and not for the first time

Europe 04/05/19, 05:44

Few would argue that Britain is in what is often referred to as a bit of a pickle. A crisis in fact, undoubtedly of historic proportions.With the country mired in confusion and recrimination over how to leave the European Union, many of Britain's centuries-old institutions have clogged up, struggling to ...

US stocks move higher, led by media and internet companies

Business 04/04/19, 09:14

U.S. stocks moved broadly higher Thursday on Wall Street in early trading, led by media and internet companies.Facebook rose 2% and Walt Disney rose 1%. Tesla sank 9% as vehicle deliveries fell sharply in the first quarter. Office Depot shed 15% after issuing a weak forecast.The early gains put the ...

IPWhoa: What to know before joining this year’s IPO wave

Business 04/04/19, 07:33

We use Uber to go places, Slack to chat with co-workers and Pinterest to save our favorite ideas. Why not own a piece of these companies that increasingly dominate our daily lives?That's the question for many regular investors as a parade of well-known technology companies are expected to make their ...

Asian shares waver following lackluster Wall St session

World 04/04/19, 01:50

Shares were mixed in Asia on Thursday, with the Shanghai Composite jumping 0.7% to 3,237.43 on reports of possible progress in China-U.S. trade talks.The U.S. and China opened a ninth round of talks Wednesday, aiming to further narrow differences in an ongoing trade war that has deepened uncertainty for businesses ...

Asian shares waver following lackluster Wall St session

Business 04/04/19, 00:17

Shares were mixed in Asia on Thursday after modest gains overnight on Wall Street.The Shanghai Composite jumped 0.6% to 3,234.41 on reports of possible progress in China-U.S. trade talks.The U.S. and China opened a ninth round of talks Wednesday, aiming to further narrow differences in an ongoing trade war that ...

Markets Right Now: Tech stocks lead US market indexes higher

Business 04/03/19, 08:42

The latest on developments in financial markets (all times local):9:35 a.m.Stocks are moving broadly higher on Wall Street in early trading as technology companies post some solid gains.Intel rose 1.5% early Wednesday, a day after the company named a new chief financial officer. Rival chipmaker Advanced Micro Devices jumped 7%.Dave ...

IMF managing director says economy is at ‘delicate moment’

Business 04/02/19, 11:08

The head of the 189-nation International Monetary Fund said Tuesday the global economy is at a "delicate moment" with a hoped-for rebound in growth later this year being threatened by a variety of factors such as rising trade tensions between the world's two biggest economies.IMF Managing Director Christine Lagarde said ...

US stocks move lower in early trading after a 3-day rally

Business 04/02/19, 09:22

U.S. stocks moved broadly lower on Wall Street in early trading on Tuesday, reversing course from a three-day rally.Health care and consumer products companies led the market lower. Walgreens Boots Alliance plunged after it slashed its forecast following a weak quarter. Competitor CVS followed it lower.Technology and financial stocks bucked ...

Global stocks follow Wall Street higher on upbeat data

Europe 04/02/19, 03:53

Global stock prices followed Wall Street higher Tuesday on encouraging economic data despite uncertainty over Britain's departure from the European Union.Benchmarks in London, Frankfurt, Shanghai and Hong Kong gained while Tokyo was flat. Oil prices rose again, adding to Monday's big gains.Investors were encouraged by unexpectedly strong manufacturing data from ...

Stocks move broadly higher, led by banks and tech companies

Business 04/01/19, 09:28

U.S. stocks moved broadly higher on Wall Street in early trading Monday, continuing the market's upward momentum as it comes off its best quarter in nearly a decade.Technology companies and banks led the early gains. Those sectors are typically favored by investors when they have more confidence that the economy ...

Rare glimpse into Saudi Aramco shows $111 billion net profit

Business 04/01/19, 07:21

Saudi Aramco's net profits reached $111 billion last year, according to an assessment published Monday by Moody's Investors Services that offered a rare glimpse into the state-owned oil firm's finances before it issues its first bonds in international markets.That places Aramco ahead of some of the world's most profitable firms. ...

Asian markets rally, extending gains on Wall Street

Business 04/01/19, 01:48

Shares surged Monday in Asia after the release over the weekend of encouraging manufacturing data in China that suggest government stimulus efforts may be yielding results.Japan's Nikkei 225 index added 1.4 percent to 21,509.03, easing off earlier highs after newly released economic data showed conditions deteriorating. The Shanghai Composite index ...

End of content

No more pages to load