United States

Wall Street set to open up as weekly jobless claims fall

Wall Street was set to open higher on Thursday as weekly jobless claims fell, suggesting that the labor market was on solid footing even as the economy struggles to regain momentum.


Sanctions-scarred banks may hold back Iran's economic relief

Major banks wary of heavy U.S. penalties will be reluctant to restore ties with Iran even if sanctions are lifted in a possible nuclear deal, bank executives and advisers say, likely denting Iran's ambition to attract foreign investment to revive its crippled economy.

Cisco profit edges past estimates as revenue rises 5 percent

Network equipment maker Cisco Systems Inc's (CSCO.O) quarterly profit was a cent ahead of market estimates as new switches, routers, wireless gear and servers drove demand.

Federal Reserve awards $92.13 billion in reverse repos

The Federal Reserve on Wednesday awarded $92.13 billion of overnight fixed-rate reverse repurchase agreements to 37 bidders at an interest rate of 0.05 percent, the New York Fed said on its website.


Latest News

U.S. retail sales were flat in April as households cut back on purchases of automobiles and other big-ticket items, the latest sign the economy was struggling to rebound strongly after barely growing in the first quarter.
DuPont (DD.N) repelled a board challenge from activist investor Nelson Peltz on Wednesday, dealing him a surprising blow after shareholders backed all 12 directors nominated by the U.S. chemical conglomerate's management.
Wall Street's major indexes gave up early gains to end Wednesday's session little changed as some investors stood on the sidelines waiting for the next round of economic data at the tail end of earnings season.
Republican presidential candidate Marco Rubio said on Wednesday that the United States must respond aggressively when rivals such as China and Iran take actions that threaten U.S. economic interests.
Applications for U.S. home mortgages fell last week as interest rates rose to the highest level since March, an industry group said on Wednesday.
Facebook Inc tied up with nine news publishers to launch "Instant Articles" that will let them publish articles directly to the social network's mobile news feeds.
German bond yields climbed on Tuesday on optimism that inflation may have bottomed in the euro zone, lifting demand for the euro, while volatility in global bond markets weighed on stock indexes.
Oil rose 3 percent on Tuesday, the most in three weeks, as a weak dollar lifted commodities denominated in the currency and OPEC raised slightly its forecast for world oil demand growth.
Citing steady demand from airlines, Boeing Co (BA.N) said on Tuesday it is capable of raising 737 jetliner output by 43 percent to 60 a month, as it gave a rosy outlook despite concerns about orders, overall production and defense spending.
U.S. small business owners gained confidence in April and were surprisingly bullish about capital expenditure plans, further supporting views that economic growth was rebounding after a dismal first quarter.
Real Time Analytics