FOX News: Business
FOXBusiness.com - Breaking news and video. Latest Current News: News, Investing, Technology, Personal Finance, Business Leaders, Travel, On Air, Small Business.
Updated: 17 min 20 sec ago
The number of Americans filing for unemployment benefits unexpectedly rose last week, but remained below levels associated with a healthy labor market.
Bank stocks were broadly bouncing in premarket trade Thursday, after J.P. Morgan Chase & Co. reported better-than-expected fourth-quarter results.
Best Buy said it expected its U.S. sales to fall by about 1.5% in the current quarter due to weak demand for mobile devices, scanners and printers in the holiday season.
The Bank of England held its benchmark interest rate steady Thursday, as plunging stock markets add to concerns that the global economy could be facing a bumpy ride in 2016.
J.P. Morgan Chase & Co. said its fourth-quarter profit rose thanks in part to higher earnings within its investment banking division.
Goldman Sachs Group is planning to cut up to 10% of its fixed-income traders and salespeople later this quarter.
After a fragile morning, the country's stock markets finished strongly, though they remain sharply down for the year.
Winning tickets in the nearly $1.6-billion Powerball lottery were sold in California, Florida and Tennessee, leaving at least three people to split the record-setting jackpot.
A series of large explosions rocked Jakarta, the capital of Indonesia, on Thursday morning.
Wednesday night's record Powerball jackpot -- estimated at $1.6 billion -- has at least one winner.
Heavy selling puts all three major averages in a freefall and much of it happenedin the final hour of trade.
GoPro Inc. warned investors that holiday sales were disappointing Wednesday and announced that it would cut its workforce by 7%, and shares dove more than 20% in late trading.
U.S. stocks closed sharply lower on Wednesday, with the S&P 500 and Dow industrials finishing at to their lowest levels since Sep 29, 2015.
GoPro Inc said it was cutting 7 percent of its workforce and estimated revenue for the holiday quarter below estimates as it sold fewer action cameras than expected.
Al Jazeera said it would shut down its American news channel, Al Jazeera America, by the end of April, less than three years after its launch.
U.S. equity markets came under renewed selling pressure as the consumer discretionary and technology sectors saw steep declines.
General Electric Co. confirmed reports that it will move its corporate headquarters to Boston from Fairfield, Conn., a process that could take more than two years.
U.S. wage growth remains stubbornly weak across much of the U.S. even as labor markets continue to tighten, the Federal Reserve reported Wednesday.
General Electric Co is set to move its global headquarters to Boston from its current location of Fairfield, Connecticut, the Boston Globe reported on Wednesday, citing a source familiar with the situation.
GM raised its earnings expectations for 2016 and lifted its quarterly dividend, saying the rollout of new products and additional growth in China will buoy the automaker.