NEW YORK – U.S. stocks moved higher in afternoon trading Thursday, on course to erase modest losses from the day before. Banks and energy companies accounted for most of the gains. Retailers also rose. Utilities lagged the most. Continue Reading Below KEEPING SCORE: The Standard & Poor’s 500 index rose […]
FOX Business News
Rail tunnel officials confident despite funding questions
NEW YORK – The group overseeing the building of an estimated $13 billion rail tunnel into New York City says it’s confident the project will be fully funded despite recent pushback from the federal government. Continue Reading Below The Gateway Development Corp. members said Thursday the project is proceeding and […]
Climate change predicted to drive more migrants to Europe
BERLIN – Europe could see a surge in “climate refugees” as global warming increases poverty and hardship elsewhere in the world, scientists said Thursday. Continue Reading Below Experts have long warned that rising temperatures and extreme weather could increase the number of people in poor countries seeking refuge in richer, […]
Larry Lindsey being considered for role of Fed Vice Chair: Report
(Copyright 2017 The Associated Press. All rights reserved.) Larry Lindsey is being considered for the role of U.S. Federal Reserve Vice Chair, CNBC reported on Thursday. Continue Reading Below More from FOXBusiness.com… Lindsey, a former Federal Reserve governor, is interested in exploring the job, CNBC reported, citing sources. (Reporting by […]
US economy grew at solid 3.2 percent rate in third quarter
WASHINGTON – The U.S. economy grew at a solid 3.2 percent annual rate from July through September, slightly slower than previously estimated but still enough to give the country the best back-to-back quarterly growth rates in three years. Continue Reading Below The figure was revised down from last month’s estimate […]
Trump administration halts study of offshore oil inspections
The Trump administration is halting an independent scientific study of offshore oil inspections by a federal safety agency created after the 2010 spill in the Gulf of Mexico. The National Academies of Sciences, Engineering and Medicine says it was told to cease review of the inspection program conducted by the […]
The Latest: Top Senate Dem wants passage of spending bill
WASHINGTON – The Latest on Congress, spending and the threat of a government shutdown (all times local): Continue Reading Below 11:15 a.m. The Senate’s top Democrat says he’s committed to Senate passage of a temporary spending bill to prevent a government shutdown this weekend — though he’s not yet backing […]
Swiss decry EU ‘discrimination’ over financial market access
GENEVA – The Swiss president is accusing the European Union of “discrimination” over a decision to only grant the country’s financial market participants a one-year extension to the 28-country bloc. Continue Reading Below Doris Leuthard insists Switzerland has met the criteria to get “indefinite” access to the EU’s financial markets, […]
Long-term US mortgage rates blip higher this week
WASHINGTON – Long-term U.S. mortgage rates rose this week but remain lower than they were a year ago. Continue Reading Below Mortgage giant Freddie Mac said Thursday that the rate on 30-year fixed-rate mortgages rose to 3.94 percent, up from 3.93 percent last week. They stood at 4.30 percent a […]
Ford, Mazda recall pickups a 2nd time for air bag problem
DETROIT – Ford and Mazda are recalling more than 380,000 older small pickup trucks for a second time to replace Takata air bag inflators that can explode and hurl shrapnel. Continue Reading Below The recalls cover driver and passenger inflators in certain 2004 to 2006 Ford Ranger and Mazda B-Series […]