Nasdaq, S&P 500 top record close as Street eyes earnings
U.S. stocks traded in a narrow range on Thursday as investors eyed a heavy day of earnings and some economic data
Jay Z streaming service flops, $84m Lehman trial begins and cash is not king
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.
This car is keeping GM afloat
Drivers have gotten a break this year with cheap gas, but the lower cost of fuel is an even bigger boon for automakers with big trucks and SUVs to sell. And nobody may be benefiting more than General Motors.
The big global energy-growth market is …
About 25% more liquefied national gas exports will hit the world market by 2020, and this will transform the energy market, predict CEOs at CERAWeek.
US new-home sales plunge in March
Sales of new US homes plunged in March after a sharp rise in February, the Commerce Department reported Thursday.
TD Ameritrade CEO believes rate hike coming in December
Economic news may delay the June rate hike investors were expecting earlier this year – but it won’t delay it very long.
Is this the stock picker's market you've been asking for?
Maybe you were even among those predicting at the start of the year that we’d finally get a “stock picker’s market.” Well, we’ve got one. And now all anyone can talk about is how frustrating it is to watch the indexes stuck in a range.
U.S. jobless claims edge up; trend signals firmer labor market
The number of Americans filing new claims for jobless benefits rose last week for a third straight week, but the underlying trend continued to point to a solidly improving labor market. Initial claims for state unemployment benefits increased 1,000 to a seasonally adjusted 295,000 for the week ended April 18, the Labor Department said on Thursday. The claims data covered the period during which the government canvassed employers for April’s
Deutsche Bank fined record $2.5 billion in rate rigging inquiry
LONDON/NEW YORK (Reuters) – U.S. and British regulators fined Deutsche Bank (DBKGn.DE) $2.5 billion (1.67 billion pounds) and its British subsidiary pleaded guilty to criminal wire fraud on Thursday as it became the eighth financial group to settle allegations of rigging interest rate benchmarks. The record penalty in a seven-year investigation that has shredded the banking industry’s reputation takes the total fines imposed on some of the world’s top financial
Caterpillar profit jumps, outlook for rest of year less rosy
Caterpillar reported a higher quarterly net profit despite a dip in revenue, citing a boost from the strong U.S. dollar on imported goods, especially from Japan.
