Category Archives: Headline

Global stocks hit record highs on job, tax-cut hopes, oil gains

By Richard Leong | NEW YORK Stock prices climbed to record highs worldwide for a third straight session on Thursday, propelled by an oil rally after a surprise drop in U.S. crude inventories and comments from U.S. President Donald Trump

Dow notches another record high helped by DuPont; S&P slips

By Lewis Krauskopf | NEW YORK The S&P 500 ended modestly weaker on Wednesday, holding losses after minutes from the Federal Reserve’s last meeting kept alive a potential near-term interest rate hike, while DuPont shares helped the Dow close at

Wal-Mart helps Wall Street’s record-setting rally march on

By Lewis Krauskopf U.S. stocks rose to fresh record highs on Tuesday, boosted by strong earnings reports from Wal-Mart and Home Depot and continued optimism about the economic agenda of President Donald Trump. Wal-Mart’s (WMT.N) shares were the top gainer

Russia Overtakes Saudi Arabia as World’s Top Crude Oil Producer

Russia overtook Saudi Arabia as the world’s largest crude producer in December, when both countries started restricting supplies ahead of agreed cuts with other global producers to curb the worst glut in decades. Russia pumped 10.49 million barrels a day

Oil edges down as market downplays U.S.-Iran missile test dispute

By Scott DiSavino | NEW YORK Oil prices edged lower on Thursday, giving back early gains as traders grew less concerned about tensions between the United States and Iran. U.S. President Donald Trump said on Thursday in a tweet that

Wall Street stalls as market, Trump priorities diverge

By Rodrigo Campos | NEW YORK U.S. stocks ended little changed on Thursday as the recent rally continued to stall following President Donald Trump’s latest comments on trade and the policies he will pursue. The S&P 500 traded at levels

Oil rallies to settle up $1 a barrel

By Jessica Resnick-Ault | NEW YORK Crude futures rallied late Wednesday, jumping more than $1 a barrel after briefly trading lower on a bearish U.S. government report early in the day. Oil markets have been trapped in a range as

Dollar, Stocks Little Changed on Mixed Fed Signal: Markets Wrap

The latest Federal Reserve policy statement did little to alter market views on the timing for further interest-rate hikes, leaving assets from the dollar to Treasuries and stocks little changed on the day. The S&P 500 Index eked out a

S&P slips for fourth session as earnings, politics weigh

By Rodrigo Campos | NEW YORK The S&P 500 fell on Tuesday for a fourth consecutive session, weighed by sectors sensitive to economic growth amid disappointing earnings and lingering concern over the priorities of the Trump administration. Technology and financials

OPEC achieves 82 percent of pledged oil output cut in January: Reuters survey

By Alex Lawler and Rania El Gamal | LONDON/DUBAI OPEC’s oil output is set to fall by more than 1 million barrels per day (bpd) this month, a Reuters survey found on Tuesday, pointing to a strong start by the