• Global stocks firm, U.S. Treasury yields soar, oil at four-year high

    16 days ago - By Reuters

    Stock markets around the world were up slightly on Wednesday amid signs that Italy would cut its budget deficits in coming years, but U.S. Treasuries yields hit multi-year highs after strong U.S. jobs data, while oil prices saw 4-year highs ahead of U.S. sanctions on Iran exports.
    Read more ...

     

  • How major US stock indexes fared Wednesday

    16 days ago - By Chron

    Encouraging signs on hiring and growth in the service sector sent small companies and banks higher Wednesday and knocked bond prices into a tailspin. The yield on the benchmark 10-year Treasury note spiked to its highest level in more than seven years.
    On Wednesday:
    The S&P 500 index rose 2.08 points, or 0.1 percent, to 2,925.51.
    The Dow Jones Industrial Average climbed 54.45 points, or 0.2 percent, to 26,828.39.
    The Nasdaq composite picked up 25.54 points, or 0.3 percent, to 8,025.09.
    The Russell 2000 index of smaller-company stocks jumped 15.25 points, or 0.9 percent, to 1,671.29.
    For...
    Read more ...

     

  • Brent hits new four-year high on Iran supply worries

    16 days ago - By Reuters

    Brent crude rose nearly 2 percent after hitting a four-year high on Wednesday as the market focused on upcoming U.S. sanctions on Iran while shrugging off the year's largest weekly build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production.
    Read more ...

     

  • Markets Right Now: Solid economic reports send stocks higher

    16 days ago - By Chron

    NEW YORK - The latest on developments in financial markets :
    4 p.m.
    Stocks are closing slightly higher following some solid reports on hiring and the services sector.
    Bond prices plunged Wednesday, sending the yield on the 10-year Treasury note to its highest level in more than seven years.
    Banks, small company-stocks and big technology names posted outsized gains. Bank of America rose 1.4 percent.
    High-dividend stocks fell sharply as investors seeking income shifted money out of them and into bonds. Procter & Gamble fell 1.6 percent.
    The S&P 500 rose 2 points, or 0.1 percent, to...
    Read more ...

     

  • Global stocks mixed amid lull in Italy crisis, U.S. ADP jobs data

    16 days ago - By Reuters

    Stock markets around the world were mixed on Wednesday amid signs that Rome would cut budget deficits and decrease its debt in the coming years, while U.S. Treasuries yields hit multi-year highs and the dollar firmed as data pointed to another Federal Reserve rate hike.
    Read more ...

     

  • FSOC Approves $6.2 Million Budget for 2019 Fiscal Year

    16 days ago - By A.M. Best

    The Financial Stability Oversight Council, charged with keeping safe the U.S. economy, has approved a $6.2 million budget for the 2019 fiscal year, which represents a 10% decrease over the council's ...
    Read more ...

     

  • Brent crude at highest since October 2014, Iran sanctions drive buying

    16 days ago - By Reuters

    Brent crude rose to a four-year high on Wednesday, as the market focused on upcoming U.S. sanctions on Iran while shrugging off the year's largest weekly build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production.
    Read more ...

     

  • China's music streaming leader Tencent to go public in US

    16 days ago - By Chron

    SAN FRANCISCO - The owner of China's largest music streaming services is looking to strike it rich in the U.S. stock market.
    Tencent Music Entertainment plans to sell its stock in the U.S. as part of an initial public offering. The IPO documents filed Tuesday propose raising $1 billion, but that preliminary figure often ends up being substantially higher.
    Investor demand is likely to be high, given the rising popularity of music streaming and Tencent's success so far.
    Tencent says its services have more than 800 million users, including 23.3 million subscribers who pay to listen to its...
    Read more ...

     

  • US stocks jump after jobs report; Italy debt worries ease

    16 days ago - By Chron

    NEW YORK - U.S. stocks are climbing Wednesday after a survey by payroll processor ADP showed strong hiring by private businesses in September and a trade group said services firms produced more and hired more workers. Banks are rising as interest rates move higher. European stocks rose after the Italian government said it will gradually reduce its deficits over the next few years.
    KEEPING SCORE: The S&P 500 index jumped 12 points, or 0.4 percent, to 2,935 as of noon and is on track for a record high. The Dow Jones Industrial Average, which finished at an all-time high Tuesday, gained 141...
    Read more ...

     

  • Oil extends rally, shrugging off U.S. stockpile build

    16 days ago - By Reuters

    Oil rose more than 1 percent in volatile trade on Wednesday, touching a fresh four-year high as the market focused on upcoming U.S. sanctions on Iran and shrugged off the year's largest build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production.
    Read more ...

     

  • U.S. services sector activity hits 21-year high; hiring accelerates

    16 days ago - By Reuters

    U.S. services sector activity raced to a 21-year high in September and companies boosted hiring, signs of enduring strength in the economy at the end of the third quarter.
    Read more ...