U.S. stocks crept up in late morning trading on Monday as surging Treasury yields led to a rebound in bank stocks after three straight days of losses. Continue Reading Below The benchmark 10-year Treasury yields jumped after Federal Reserve Chair Janet Yellen reaffirmed the central bank’s view on gradual interest […]
FOX News
Wall St higher as bank stocks rebound, Apple gains
A recovery for U.S. banking stocks allied to a 1.5 percent gain for Apple prodded Wall Street’s main indexes higher in early afternoon trading on Monday. Continue Reading Below JPMorgan and Bank of America shares led the advancers on the S&P financial, both rising 1.5 percent as they tracked a […]
Exelixis liver cancer drug meets late-stage goal, shares jump
Oct 16 (Reuters) – Exelixis Inc. (EXEL) said on Monday its drug to treat patients with a type of liver cancer met the main goal in a late stage study, sending its shares up 19 percent in premarket trading. Continue Reading Below The drug, cabozantinib, showed statistically significant improvement in […]
US stock futures inch up as earnings head for higher gear
Oct 16 (Reuters) – U.S. stock index futures pointed to a slightly positive start for Wall Street on Monday as investors pondered a solid initial round of third quarter company earnings and awaited a further flood of results this week. Continue Reading Below * Netflix shares were up more than 1 percent ahead of earnings due after the market closes, having […]
Trump Obamacare move seen harming Americans, bipartisan prospects
U.S. President Donald Trump will hurt low-income Americans by doing away with Obamacare subsidies and make it harder for him to engage in bipartisan talks with Democrats as Congress edges toward a possible government shutdown, lawmakers said on Sunday. Continue Reading Below The White House has announced that the Republican […]
Turner’s walk-off blast lifts Dodgers
The Los Angeles Dodgers are heading to Chicago with a two-games-to-none lead over the defending World Series champs in the National League Championship Series. Continue Reading Below Justin Turner capped his four-RBI day by slamming a three-run homer off John Lackey in the bottom of the ninth to give […]
Fed’s Rosengren sees three to four rate hikes next year
The Federal Reserve will probably need to raise interest rates in December and then three of four times “over the course of next year,” assuming the U.S. unemployment rate continues to fall and inflation rises, Boston Fed President Eric Rosengren said. Continue Reading Below If inflation reaches the Fed’s goal […]
Oil jumps on fears of new Iran sanctions, Iraq conflict
Oil markets jumped on Monday on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq, while an explosion at a U.S. oil rig and reduced exploration activity supported prices there. Continue Reading Below Brent crude futures, the international benchmark for oil prices, were at $57.85 […]
Oil rises as fighting escalates in Iraq’s oil-rich Kirkuk
Oil markets jumped on Monday as Iraqi forced entered the oil city of Kirkuk, taking territory from Kurdish fighters and raising concerns over exports from OPEC’s second-largest producer. Continue Reading Below Iraq launched the operation in the multi-ethnic region on Sunday as the crisis between Baghdad and the Kurdish Regional […]
T-Mobile, Sprint aim to announce merger without asset divestitures – sources
T-Mobile U.S. Inc <TMUS.O> and Sprint Corp <S.N> plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the matter. Continue Reading […]