U.S. stocks closed higher on Thursday, with energy shares leading the advance as crude oil rebounded off a sharp decline, while investors bet that companies would top lowered expectations this earnings season.
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Siemens CEO says Russia sales have halved: newspaper
German industrial group Siemens has seen sales in Russia plunge by about half due to the country's economic demise, Bild am Sonntag reported, citing chief executive Joe Kaeser.
RBC CEO says tech firms pose threat, eyes start-up partnerships
Technology companies pose a competitive threat to established lenders, the head of Royal Bank of Canada said on Friday, adding he was keen to work with start-ups to improve the company's mobile offerings.
GE to sell bulk of finance unit, return up to $90 billion to investors
General Electric Co will shed most of its finance unit and return as much as $90 billion to shareholders as it becomes a “simpler” industrial business instead of an unwieldy hybrid of banking and manufacturing.
Wall Street Week Ahead: Fed takes back seat as market shifts focus to earnings
With earnings season underway, Wall Street is temporarily putting the U.S. Federal Reserve and macroeconomic policy on the back burner in favor of a focus on individual company results and forecasts for a pulse on the economy's health.
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World stocks marched higher again on Thursday, drawing support from European auto sales and German trade data, while expectations that the first U.S. interest rate increase will come in the latter part of the year continue to grow.
Asian stocks rose on Thursday, extending the previous session's gains, while the dollar drew support from minutes of the Federal Reserve's last meeting showing the U.S. central bank was still on course to hike interest rates this year.
Twitter Inc's (TWTR.N) shares jumped 5 percent and activity in its options surged on Tuesday on unsubstantiated market chatter about the company fending off a takeover bid.
The dollar took a step back on Wednesday but retained a bulk of its overnight gains after currency bulls scooped up the greenback following the tumble induced by weak U.S. non-farm payrolls late last week.
Wall Street is greeting what is expected to be the worst earnings season since 2009 with a gigantic shrug. Though there has been some selling in recent weeks, there's been no panic dumping of stocks, even though forecasts for S&P 500 first-quarter earnings have tumbled since Jan. 1, thanks to the surging dollar, falling oil prices and another severe winter. The earnings season unofficially kicks off Wednesday with results from aluminum company Alcoa (AA.N).
Global stocks remained upbeat on Wednesday as a $70 billion mega-deal in the European oil and gas sector stoked the merger and acquisition fever that has gripped investors this week.
The rising value of the dollar is hurting American businesses and could ultimately result in a slowdown in future U.S. growth, BlackRock (BLK.N) chief executive officer Larry Fink warned in a letter scheduled to go out to shareholders next week.
The Australian dollar gained more than 1 percent against the U.S. dollar, on track for its biggest daily rise in more than two weeks, after the Reserve Bank of Australia surprised many investors by refraining from cutting interest rates.
Global stocks rose on Tuesday, as many European bourses re-opening after the Easter break took on the positive tone set by U.S. markets overnight, with sentiment boosted by a potential trans-Atlantic acquisition.
