Stocks surged on Thursday, following the biggest gains on Wall Street in four years, after a U.S. Federal Reserve policymaker said the case for an interest rate increase next month “seems less compelling” than it was a few weeks ago.
President Obama is responsible for making America’s rich richer, New Jersey Gov. Chris Christie tells CNBC.
Apple may have shipped 3.6 million of its new watches last quarter, much more than Wall Street analysts estimated.
Uber Technologies Inc’s China arm has closed its $1 billion fundraising round early, according to two people with knowledge of the matter, with investors still hopeful for the U.S.-based ride …
Slightly more Americans signed contracts to buy homes in July, as pending sales edged up after dipping in June. The National Association of Realtors said Thursday that its seasonally adjusted pending home …
The economy grew more than previously estimated in the second quarter on bigger gains in consumer and business spending that show the U.S. expansion got back on track. A surge in inventories also signals such strong growth will be difficult to sustain in the short run. Gross domestic product, the value of all goods and services produced, rose at a 3.7 percent annualized rate, exceeding all estimates of economists surveyed
It makes sense to be informed by the full range of possibilities that history and human nature suggest are in play.
China’s richest man said on Thursday the government needs to give up any “fantasy” of maintaining high economic growth rates, unusually bold comments at a time when Beijing is grappling to contain a market meltdown that has hammered global equities. Billionaire Wang Jianlin, speaking after his company Dalian Wanda Group said it had bought World Triathlon Corp (WTC) for $650 million, added that the key was whether economic growth is
Oil prices jumped more than 4.5 percent on Thursday after a rally in equity markets and an unexpected fall in U.S. crude inventories, but worries over the Chinese economy and a global oil glut kept the outlook uncertain.
Rita Ora better zip it up, literally. The “Body on Me” singer performed at Los Angeles’ El Rey theater Wednesday and accidentally gave concertgoers more than they bargained…
