What happened? Continue Reading Below Shares of everyone’s favorite cream-filled cakes, Hostess Brands (NASDAQ: TWNK), the second-largest producer of sweet baked goods in the United States, are down 10% Friday morning. This came a day after the announcement its chief executive officer would be retiring effective March 1, 2018, or […]
FOX News
Markets Right Now: Technology, energy lead US stock gains
NEW YORK – The latest on developments in financial markets (All times local): Continue Reading Below 11:45 a.m. Stock indexes are slightly higher on Wall Street in midday trading, driven by solid gains in technology companies. HP rose 6.7 percent in midday trading Friday after giving a strong outlook for […]
The Latest: UK treasury chief describes EU as ‘the enemy’
BRUSSELS – The Latest on the Brexit talks between the European Union and United Kingdom(all times local): Continue Reading Below 5:35 p.m. Britain’s Treasury chief Philip Hammond has described the European Union as the “enemy” in talks over the country’s departure from the 28-nation trading bloc. Hammond has been sharply […]
It’s Official! Here’s How Much Your Social Security Benefits Are Set to Rise in 2018
Social Security is arguably the most important social program for seniors. Each month, the Social Security Administration (SSA) divvies out more than 61 million stipends to eligible beneficiaries, of which 42 million are retired workers. Without this income, many of these seniors would likely struggle to make ends meet, especially […]
Mega-mergers will squeeze farmers, push up food prices, experts warn
If the world’s major agriculture companies go ahead with planned mergers and gain greater control of the way food is produced, farmers will face higher costs and food will eventually become more expensive to buy, a panel of experts said on Friday. Continue Reading Below Since 2015, several high-profile deals […]
Bank of America, JPMorgan CEOs upbeat on the U.S. economy
Bank of America (BAC) CEO Brian Moynihan and JPMorgan (JPM) CEO Jamie Dimon may be banking rivals, but they’re on the same page when it comes to the U.S. economy these days. Continue Reading Below During Friday’s earnings conference call, Moynihan noted that the U.S. economy has shown strength which […]
BMW, Great Wall confirm Chinese Mini production talks
Luxury German carmaker BMW is in talks to produce its Mini models in China in partnership with Great Wall Motor Co., the Chinese carmaker said on Friday. Continue Reading Below The carmakers have been discussing plans to launch electric and conventional Mini models for 18 months, Great Wall said in […]
Wells Fargo 3Q results fall 18 percent due to legal costs
NEW YORK – Wells Fargo’s third-quarter profits dropped 18 percent, caused by a significant increase in the bank’s legal expenses tied to its mortgage practices before the financial crisis. Continue Reading Below The increase in legal expenses comes as the San Francisco-based bank tries to move beyond its recent phony […]
NYPD seeks public’s help in identifying $58K iPhone thief
NEW YORK – The New York Police Department is asking for help identifying a man who passed himself off as a messenger and stole $58,000 worth of iPhones from an Apple store. Continue Reading Below The unidentified man walked into a Manhattan store on Thursday and told an employee he […]
Gasoline boosts US consumer prices, but underlying inflation muted
U.S. consumer prices recorded their biggest increase in eight months in September as gasoline prices soared in the wake of hurricane-related production disruptions at oil refineries in the Gulf Coast area, but underlying inflation remained muted. Continue Reading Below The Labor Department said on Friday its Consumer Price Index jumped […]