U.S. equity prices edged off record highs on Wednesday led by weakness in the financial sector after six global banks were fined a total of $4.3 billion for currency rigging, while the oil market sagged on concerns about a supply glut.
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Takata shares open down 1 percent after news of criminal probe
Shares of Takata Corp opened down 1 percent on Friday after the Japanese auto parts maker said it was the subject of a U.S. criminal investigation over defective air bags that have been linked to five deaths.
Wall Street Week Ahead: Restaurants' uptick offers hope for consumer discretionaries
An improving U.S. economy has failed to galvanize the consumer discretionary sector so far this year, but a recent rally in restaurant stocks as the holidays approach could herald happier days ahead for other retailers.
Virgin America soars in market debut
Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, soared more than 30 percent in their market debut, underscoring the buoyant mood in an industry that is emerging from a long spell of turbulence.
Stocks struggle after euro zone growth reports
European stocks fell back on Friday and U.S. stocks looked set to open flat after a mixed bag of euro zone growth numbers that showed France and Germany growing marginally but others like Italy still firmly in recession.
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Asian shares slipped slightly on Thursday as investors looked to a run of Chinese economic indicators due later in the day, while Wall Street shares ended a five-day winning streak as falling oil prices hurt energy stocks.
The Dow and S&P 500 eked out a fifth session of record closing highs on Tuesday, barely extending the market's recent rally in light volume as consumer discretionary shares gained.
Asian shares and the dollar got off to a lackluster start on Tuesday as oil prices continued to drop, while Japanese shares marked early gains.
If Shubham Banerjee cannot lay claim to being the world's youngest venture capital-backed entrepreneur, he comes very close. Banerjee was 12 years old when he closed an early-stage funding round with Intel Capital, the company's venture capital arm, last month for his prototype for a low-cost Braille printer.
At a retreat for Merrill Lynch financial advisers in a luxury Orlando hotel last month, a group of several dozen men and women in business attire swung their arms back and forth over their heads to Kid Rock's "All Summer Long" to get their circulation going.
Asian shares held firm in early Monday trade after U.S. jobs data pointed to solid economic growth, while China's export performance showed more resilience than some had expected.
India's two main stock exchanges will suspend trading of shares of grounded Kingfisher Airlines Ltd (KING.NS) from Dec. 1 for failing to comply with rules on reporting financial results, the bourses said in separate notices.
With the U.S. third-quarter earnings season almost at an end, many investors are breathing a sigh of relief as more companies surpassed profit expectations than in any quarter since 2010.
Warren Buffett's Berkshire Hathaway Inc (BRKa.N) (BRKb.N) on Friday said third-quarter profit fell 9 percent as it took a large writeoff on one of its investments, but operating results easily topped forecasts amid improvement in its insurance, energy and railroad operations.
