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: 12 min 8 sec ago
Crude-oil inventories rose by 10.2 million barrels in the week ended Oct. 10, the American Petroleum Institute said late Wednesday, according to reports.
Las Vegas Sands Corp. says despite a challenging three months in Macau the company's profit increased 7.2 percent due to a focus in part on non-gambling revenue.
The turbulence that's roiling financial markets is punishing stock investors, raising worries for major U.S. companies and will likely produce even punier returns for savers.
The Obama administration says China's currency remains "significantly undervalued," but the administration does not cite China or any other country for unfairly manipulating its currency to gain trade advantages.
The downturn in the U.S. stock market has brought it closer to what professional investors refer to as a "correction." That happens when a benchmark index like the Standard & Poor's 500 closes 10 percent or more below a recent peak.
No major trading partner, including China, has manipulating its currency to gain an unfair trade advantage, the U.S. Treasury said Wednesday in its semi-annual report on exchange rates.
Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE AbbVie Inc., up 50 cents to $54.63 The pharmaceutical company is reconsidering its $55 billion buyout of Shire, putting it at risk of paying a $1.6 billion fee.
The equity markets sold off following a clobbering of the major European indexes with significant intraday losses across the U.S. benchmarks. Lower than expected results on retail sales and PPI combined with the report of a second health care worker infected with Ebola pushed stocks lower while the VIX volatility index hit its highest point since December 2011. An afternoon rebound saw the major indexes well off their lows or into positive territory.
Stocks are ending a wild day mostly lower as indexes recover much of an early plunge.
Stocks pared significant losses Wednesday, but still closed deep in negative territory, as disappointing economic reports reignited growth worries.
Wal-Mart Stores Inc. says a tougher sales environment will hurt its revenue this fiscal year.
Netflix shares sunk as much as 26% after hours on disappointing earnings. The digital streaming giant reported 3Q EPS of 96 cents topping views of 93 cents, but revenue of $1.22 billion came in short of the expected $1.41 billion.
The e-commerce giant posted earnings of 68 cents per share, topping estimates by a penny. Revenues of $4.4 billion we in line with Wall Street estimates. Shares were off 4.54% after hours.
Developing: American Express posted 3Q earnings-per-share of $1.40, topping estimates. Revenues, meanwhile came in at $8.33 billion, below views. Shares were flat in after-hours action.
We are in the midst of a growth scare and, whether you choose to believe it or not, but it's never too late to hedge your positions.
Wal-Mart cut its full-year sales growth forecast, hurt by a stronger dollar and a bigger-than-expected impact from the cut in the government food stamp program last year.
The number of NYSE-listed stocks hitting 52-week lows spiked up to a three-year high Wednesday, which history suggests means a nice bounce may be on the horizon.
The small-cap Russell 2000 jumped to a session high and turned positive in Wednesday's last hour of trading, showing a 1.3% gain.
Farmers, state officials and dairy industry experts are gathering at Cornell University for the 2014 Yogurt and Dairy Summit.
The French journalist who was reported to have made a link between Michael Schumacher's brain injury in a skiing accident and the GoPro camera he was wearing on his helmet has taken to Twitter to clarify that he was stating his own opinion, and not quoting Schumacher's son, as previously reported.