Exxon Mobil Corp reported lower-than-expected second-quarter results on Friday as tumbling crude prices halved profit at the world’s largest publicly traded oil company. Profit at Exxon’s exploration and …
Oil prices fell on Friday as concern over global oversupply intensified after the head of oil producers’ cartel OPEC indicated there would be no cuts in production despite a huge global oversupply. Badri said rising demand would prevent a further fall in oil prices and suggested cuts in OPEC output would have little impact on the market. Brent was down 70 cents at $52.61 a barrel by 0935 GMT after
Squawk Box Live in Europe kept you updated with all the major market news on the last trading day of a very volatile month.
Far away from the glare of China’s stock market chaos, stampede of sell orders and freeze on new listings, the spirit of free markets is alive and kicking right in the nation’s capital.
Spain reported on Thursday that its economy grew 1 percent between the first and second quarters of the year and is running at an annual clip of 3.1 percent. Ireland, meanwhile, issued a delayed report on its first quarter. Spain and Ireland have suffered badly over the past few years as their banks have creaked under the weight of lending into now-burst housing bubbles.
Yahoo Finance’s Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
In cities such as San Francisco and New York, letter carriers have been showing up on people’s doorsteps as early as 3 a.m. bearing unusual cargo: milk, eggs, and other perishable items.
Investors misunderstood comments from Facebook CFO David Wehner about slower revenue growth in the rest of 2015, Gene Munster said.
Bill Gross on Thursday said the Federal Reserve is beginning to recognize that ultra low interest rates increasingly have negative as well as positive consequences.
Standard worries about U.S. growth, stalled corporate earnings and ragged action in the market itself have lingered close, to ensure anxiety levels never fall too far.