Category Archives: Headline

Oil slips as more U.S. drilling revives glut concerns

By Jessica Resnick-Ault | NEW YORK Oil prices fell on Monday as news of another weekly increase in U.S. drilling activity had oil forecasters concerned that production cuts from other producing nations may not reduce the global supply glut as

Shares fall, dollar dips vs yen after Trump travel curbs

By Nigel Stephenson | LONDON Shares fell in Europe and Asia on Monday and the dollar dipped against the safe-haven yen after immigration curbs introduced by Donald Trump added an extra layer of uncertainty to the economic impact of the

Stocks near record high, dollar up on optimism, earnings

By Saqib Iqbal Ahmed | NEW YORK A key index of global equity markets held near a record high on Thursday supported by mergers and acquisitions, strong corporate earnings and investor optimism spurred by U.S. President Donald Trump’s plans for

Oil up two percent on stock market, but U.S. supply caps gains

By David Gaffen | NEW YORK Oil prices jumped 2 percent on Thursday, boosted by the ongoing rally in the U.S. stock market, although gains in crude futures were capped by heavy inventories in spite of efforts by producers to

Trump Hotels, Amid Calls to Divest, Instead Plans U.S. Expansion

Only days after Donald Trump took the oath of office, the head of his hotel-management company outlined hopes for an ambitious expansion across the U.S., raising new questions about potential conflicts between his business and the presidency. Trump Hotels Chief Executive

Dow hits 20,000 as Trump and earnings reignite rally

By Yashaswini Swamynathan, Rodrigo Campos and Chuck Mikolajczak The Dow Jones Industrial Average was higher in midday trading after hitting 20,000 for the first time on Wednesday as strong earnings and President Donald Trump’s pro-growth initiatives reignited a post-election rally.

Scotland Gets Closer to Independence Vote With Brexit Ruling

Scotland took another step closer to a second referendum on independence after the U.K.’s highest court ruled that the parliament in Edinburgh has no legal right to challenge Brexit. Scottish First Minister Nicola Sturgeon, in a statement reacting to Tuesday’s

S&P 500, Nasdaq set records as tech, banks lead

By Chuck Mikolajczak | NEW YORK The S&P 500 and Nasdaq set record highs on Tuesday in a broad rally led by financial and technology stocks. The advance comes as quarterly earnings season heats up and investors become optimistic that

Trump pulls U.S. out of Pacific trade deal, loosening Asia ties

By Steve Holland and Ayesha Rascoe | WASHINGTON U.S. President Donald Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies, as China’s influence in the region rises. Fulfilling a

Wall Street dips on Trump protectionism, Qualcomm drag

By Chuck Mikolajczak | NEW YORK U.S. stocks edged lower on Monday as early moves by President Donald Trump highlighting a protectionist stance on trade gave investors cause to rethink the post-election rally. In his latest executive order, Trump signed