Stories about Finance

May 26 2017

Donald Trump's budget, spending cuts are 'moral,' Mulvaney says

The truth of the matter is that there can be no plan for long-term fiscal balance that does not include both enhanced revenue and reform of the two biggest entitlement ...

May 26 2017

'Cloud Computing' 13-1 Long Shot Wins 142nd Preakness by a Head

The dream of another Triple Crown victor has again gone by the wayside, and there are no assurances that Always Dreaming or Cloud Computing will go to NY to compete...

May 26 2017

Cautious Fed, weaker dollar lift emerging stocks, FX

The US Federal Reserve released its minutes from its meeting held in the first week of May. Shares of the poker machine supplier are higher by more than 2 percent. Chin...

May 26 2017

Oil prices rise in anticipation of extended OPEC-led production cut

Had OPEC decided not to renew the production cuts, analysts had predicted that production from Saudi Arabia and Russian Federation would likely increase, putting nega...

May 26 2017

Dollar Tree, Inc. (DLTR) Releases Earnings Results, Hits Expectations

During the same period previous year, the company posted $0.89 earnings per share. FNY Managed Accounts LLC acquired a new stake in Dollar Tree during the first quarter w...

May 26 2017

Metro Dalton's unemployment rate drops to 5.2 percent in April

Overall, Oktibbeha County finished with the 15th lowest unemployment rate among MS counties, with Rankin County finishing atop the list with 3 percent unemployment for Ap...

May 26 2017

Venezuela says OPEC's task is stabilise oil market and force inventory-draw

Oil prices rose ahead of an OPEC meeting on Thursday that is expected to extend output cuts into 2018, adding at least nine months to an initial six-month curb in the ...

May 26 2017

Teva Pharmaceutical Industries Ltd (TEVA) Cut to Buy at Vetr Inc

Citigroup Inc restated a buy rating and set a $47.00 target price on shares of Teva Pharmaceutical Industries in a research report on Tuesday, February 7th. 5 year sale...

May 26 2017

President Trump's proposed budget would have significant effects in Shelby County

She says the cuts could be "devastating". Rep. John Carter, a Texas Republican who chairs the subcommittee, described the proposed cuts as "worrisome" and also question...

May 26 2017

Sears Reports 'Challenging Quarter' With 20 Percent Loss

That offset weakness in energy stocks caused by a plunge in oil prices. The Nasdaq composite joined the S&P 500 in setting record highs. Also, CEO Edward S. Accordi...

May 26 2017

Most world stocks rise after Fed minutes; oil rally fades

The futures market implied traders priced in an 83 percent chance of a quarter point rate increase at the Fed's June 13-14 meeting, while they saw slightly less than a ...

May 26 2017

JUST IN: Senate passes PIGB, scraps NNPC and establishes 3 new agencies

The NOC, as proposed in the bill, will be an "integrated oil and gas company operating as a fully commercial entity and will run like a private company". He said, "Beside...

May 26 2017

Lowe's lags behind Home Depot despite sales improvement

In turn, home improvement retailers such as Home Depot have continued to thrive as existing homeowners renovate their homes - which are rising in value - and builders...

May 26 2017

Nigeria oil minister says not opposed to eventually joining output cuts

Saudi Arabia , OPEC's de facto leader, and Russian Federation, which is the top non-OPEC producer, agreed that cuts need to be increased in order to pace up market reba...

May 26 2017

World stocks hit record after Fed minutes, oil up as OPEC meets

The S&P 500 . SPX was up 11.22 points, or 0.46 percent, at 2,415.61, easing a bit after touching a record of 2,415.86. At 10:56 a.m. ET the Dow Jones Industrial Ave...

May 26 2017

No Medicaid cuts in Trump budget? Really?

Mexico emphatically rejects that notion. Instead, the USA taxpayer will foot the bill. Mulvaney repeatedly said that Social Security isn't cut in the budget, even...

May 26 2017

(XOM) Stake Reduced by UBS Asset Management Americas Inc

The company's price range for the trading day is $16.23 to $16.60. Recent session action on shares of Exxon Mobil Corporation (NYSE: XOM ) puts the stock on today's a...

May 26 2017

OPEC and other nations extend output cuts

Oil producers today made a decision to extended cuts in oil output by nine months to March 2018, amidst a global glut of crude and rising USA shale gas production whic...

May 26 2017

PM Modi to inaugurate India's longest bridge in Assam tomorrow

The Dhola-Sadiya bridge is longer than the Bandra-Worli Sea Link (5.6 km) in Mumbai by almost two-thirds. Dr. Bhupen Hazarika, during his life time worked relentlessly fo...

May 26 2017

Moody's Downgrades China's Rating

The US ratings agency downgraded Hong Kong's rating to Aa2 from Aa1 and said credit trends in China would continue to have a significant impact on Hong Kong's credit pr...