Orders to U.S. factories for long-lasting manufactured goods rose in July, and demand in a key category that tracks business investment plans jumped by the largest amount in 13 months. The Commerce Department …
The deal is the latest in a line of mergers in the energy industry as companies struggle to cope with a 60 percent plunge in global crude oil prices (LCOc1) since June last year. Most oil and gas producers, including oil majors Royal Dutch Shell PLC (RDSa.L) and Total SA (TOTF.PA), have drastically cut spending, which has hurt demand for oilfield services companies. Schlumberger, the world’s No.1 oilfield services company,
The nosedive reveals just how addicted markets have become to the flow of central bank stimulus and the faith that cheap money remains the path to economic deliverance. The problem: Both are at risk.
Live at noon ET, we’ll break down the day’s biggest stories and catch you up on today’s stock market rebound.
The Federal Reserve might not be too worried about the billionaires who saw their net worth take a ten-figure hit during Monday’s plunge in equity prices, but monetary policymakers will have to be concerned about how the broader tightening in financial conditions could hurt the U.S. economy’s growth prospects going forward.
U.S. stocks jumped, attempting a bounce after a severe selloff, as a recovery in oil prices and overnight easing in China helped investor sentiment.
U.S. consumer confidence rebounded in August to the strongest reading in seven months after having fallen sharply in July. The Conference Board said Tuesday that its index of consumer confidence increased …
With the immediate prospect of an ongoing crash set aside at least for the moment, an investor’s greatest risk is perhaps being hit by an errantly thrown cliché.
Americans stepped up their purchases of new homes in July, with sales surging in the Northeast. The Commerce Department says new-home sales rose 5.4 percent last month to a seasonally adjusted annual rate …
U.S. home prices rose solidly in June, another sign of health in the housing market. The Standard & Poor’s/Case-Shiller 20-city home price index rose 5 percent from a year earlier, a slight improvement …
