• How major US stock indexes fared Thursday

    5 days ago - By Chron

    Major U.S. stock indexes finished mostly lower Thursday after a late wave of buying erased most of the losses from a steep early market slide.
    The early plunged was triggered by the arrest of a senior Chinese technology executive. Investors were encouraged by an afternoon report that the Federal Reserve may move slower in raising rates. Bond yields remained lower as investors moved money into lower-risk investments.
    On Thursday:
    The S&P 500 index fell 4.11 points, or 0.2 percent, to 2,695.95.
    The Dow Jones Industrial Average dropped 79.40 points, or 0.3 percent, to 24,947.67.
    The Nasdaq...
    Read more ...

     

  • Business Highlights

    5 days ago - By Chron

    Stocks plunge again as Huawei arrest renews China tensions
    NEW YORK - U.S. stocks clawed most of their way back from a deep slide Thursday that at one point had wiped out the market's gains for the year. An early sell-off briefly knocked more than 700 points off the Dow Jones Industrial Average as the arrest of a senior Chinese technology executive threatened to cause another flare-up in tensions between Washington and Beijing. The sell-off eased following a report saying the Fed is considering a wait-and-see approach to rate hikes.
    Read more ...

     

  • Chevron sets first capital spending budget increase in 4 years

    5 days ago - By Reuters

    Chevron Corp plans to spend $20 billion next year on oil and natural gas projects, the second-largest U.S. oil producer said on Thursday in a statement, its first increase in four years.
    Read more ...

     

  • US companies begin to reveal large-scale layoff plans

    5 days ago - By Review Journal

    U.S.-based companies announced 53,073 layoffs in November, an increase of more than 50 percent compared with the same period last year, global outplacement and executive coaching firm Challenger, Gray Christmas, Inc. said Thursday.
    Read more ...

     

  • Tech leads market comeback from trade worries

    5 days ago - By Reuters

    U.S. stocks finished way off the lows off the day, with the Nasdaq ending higher, as investors tried to fight off fears of fresh U.S.-China trade tensions, higher oil prices, and global economic worries.
    Read more ...

     

  • Stock Markets Mostly Recover After Plunging Amid Escalation Of U.S.-China Tensions

    5 days ago - By NPR

    Stock prices fell sharply on Thursday as hopes for a lasting trade truce between the U.S. and China faded.
    Read more ...

     

  • Rising Tech Shares, Fed Report Pare Early Losses on a Tumultuous Trading Day for the Stock Market

    5 days ago - By Fortune

    U.S. stocks endured another stomach-churning session Thursday, falling at the open on concerns about the global economy, then erasing most of those losses on a report that Federal Reserve officials may be rethinking how fast and how much they will raise interest rates in 2019.
    The turbulence could be measured in the roller-coaster performance of the Dow Jones Industrial Average, which fell as much as 784 points, or 3.1%, on mounting concerns that the rate of global economic growth has peaked.
    The Dow rebounded later in the day after the Wall Street Journal said the Fed is mulling a new “...
    Read more ...

     

  • GM CEO faces harsh criticism from U.S. lawmakers over Mexico investments

    5 days ago - By Reuters

    General Motors Chief Executive Mary Barra came under harsh criticism from members of Congress from Michigan on Thursday for building a new vehicle in Mexico while ending production at five North American assembly plants and cutting nearly 15,000 jobs.
    Read more ...

     

  • Texas and New Mexico shale basins hold 49 years worth of oil: USGS

    5 days ago - By Reuters

    The largest oil field in the United States holds as much as 49 years worth of oil at current production rates, according to data from a report released on Thursday by the U.S. Geological Survey .
    Read more ...

     

  • Chevron projects $20 billion spending budget for 2019

    5 days ago - By Reuters

    Chevron Corp , the second largest U.S.-based oil producer, is budgeting $20 billion for capital projects next year, the company said on Thursday.
    Read more ...

     

  • Northrop Grumman wins $450 million U.S. defense contract: Pentagon

    5 days ago - By Reuters

    The U.S. Defense Department on Thursday awarded a $450 million contract to Northrop Grumman Corp to produce the Joint Threat Emitter, a mobile air defense threat simulator, as well as support equipment, testing and training.
    Read more ...

     

  • S&P 500, Dow slip on trade worries, but end off of lows

    5 days ago - By Reuters

    The S&P 500 and Dow industrials ended slightly negative but well above their session lows in volatile trading on Thursday as the arrest of a Chinese technology executive fanned fears of U.S-China tensions over trade, while some beaten-up big technology and internet shares posted gains.
    Read more ...

     

  • U.S. Can't Stop AT&T Deal or Balkanization of TV

    5 days ago - By Washington Post

    It's only going to become more difficult and expensive for viewers to find what they want.
    Read more ...

     

  • Traders continue to wait for signs China is restarting purchases of U

    5 days ago - By AG Web

    Traders continue to wait for signs China is restarting purchases of U.S. ag goods.
    Read more ...

     

  • As of Thursday afternoon, China hasn't purchased any U.S. soybeans. U

    6 days ago - By AG Web

    As of Thursday afternoon, China hasn't purchased any U.S. soybeans. U.S. Farm Report analysts say if that changes sometime soon, even a small sale could signal an "olive branch" in the talks between the two countries.
    Read more ...