A look at the AP Municipal Bond Index for Friday, Oct. 27: Continue Reading Below BIGGEST MOVER: 30-year bonds. Yield rose 8 basis points over the last week to 2.91 percent. TWO-YEAR: Yield rose 1 basis point to 1.16 percent. The two-year/10-year spread is 118 basis points, compared with 117 […]
FOX Business News
Barbie’s world shaken by Toys R Us bankruptcy
NEW YORK – There’s trouble in toyland, and companies are blaming Toys R Us. Continue Reading Below Mattel, the maker of Barbie dolls and Hot Wheels cars, reported disappointing third-quarter results late Thursday and said it was hurt by Toys R Us’ Chapter 11 bankruptcy filing last month. Earlier this […]
Grain mixed,livestock mixed
Wheat for Dec. was off 4.50 cents at 4.2725 a bushel; Dec. corn fell 1.75 cents at 3.4875 bushel; Dec. oats was up 2.75 cents at $2.6525 bushel; while Nov. soybeans rose 4 cents at $9.7525 a bushel. Continue Reading Below Beef mixed and pork was lower on the Chicago […]
White House: Trump plans to make choice for Fed next week
WASHINGTON – President Donald Trump’s press secretary says Trump plans to announce his choice for the next chairman of the Federal Reserve next week. But his press secretary, Sarah Huckabee Sanders, wouldn’t discuss reports that the leading candidate is Jerome Powell, a member of the Fed’s board. Continue Reading Below […]
White House says tax cuts could add $1.2T to US economy
WASHINGTON – President Donald Trump’s top economist is doubling down on claims that corporate tax cuts would spark rapid economic growth and boost incomes. Continue Reading Below Kevin Hassett, chairman of the White House Council of Economic Advisers, released a 41-page report on Friday detailing the possible benefits from the […]
Profit soars at Exxon and Chevron on higher oil prices
DALLAS – Buoyed by higher oil prices, profits are soaring at Exxon Mobil and Chevron. Continue Reading Below Exxon said Friday that it earned nearly $4 billion in the third quarter, and Chevron made $2 billion. Both were about 50 percent higher than the same quarter last year. When the […]
Tech giants lead rally as stocks near records; Amazon surges
NEW YORK – Big technology companies like Microsoft and Intel are making their biggest gains in years Friday as technology companies lead a stock market rally based on strong third-quarter reports. Amazon is surging on the back of its own results, while traditional retailers are seeing their stock prices plunge. […]
US rig count declines by 4 this week to 909; Texas gains 5
HOUSTON – The number of rigs exploring for oil and natural gas in the U.S. declined by four this week to 909. Continue Reading Below That’s up from the 557 rigs that were active a year ago. Houston oilfield services company Baker Hughes said Friday that 737 rigs sought oil […]
iRobot Stock Upgraded After Earnings Sell-Off: What You Need to Know
Every day, Wall Street analysts upgrade some stocks, downgrade others, and “initiate coverage” on a few more. But do these analysts even know what they’re talking about? Today, we’re taking one high-profile Wall Street pick and putting it under the microscope. Continue Reading Below Thursday was not a fun day […]
How to Figure Out How Much Income You’ll Have in Retirement
One of the biggest challenges in planning for retirement is knowing how much money you need to save up in order to have enough income as a senior. For most retirees, the bulk of their income comes from Social Security benefits and retirement savings accounts. If you can figure out […]