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Economy News

Thu, Apr 25th, 2019
Asian shares mixed after US stocks retreat from record high

TOKYO (AP) — Asian shares were mixed Thursday after U.S. stocks closed lower, giving back some of its gains a day after the S&P 500 and Nasdaq hit record highs.

EBAY : 38.52 (+5.05%)
GD : 180.73 (-0.90%)
CVX : 118.28 (-3.07%)
AMZN : 1,901.75 (-1.14%)
T : 30.79 (-4.08%)
White House voices support for embattled Fed choice

WASHINGTON (AP) — A senior White House official expressed support Wednesday for one of President Trump's picks for the Federal Reserve board, Stephen Moore, two days after a second choice withdrew from...

World stocks subdued as Wall Street eyes new record highs

BANGKOK (AP) — Stock markets were subdued in Europe and Asia on Wednesday as investors look to corporate earnings for clues on whether the S&P 500 will hit another all-time record close.

HAS : 103.18 (+2.51%)
Beijing celebration of building binge overshadowed by debt

BEIJING (AP) — A conference this week showcasing a Chinese initiative to help build ports, railways and other infrastructure in the developing world is casting a spotlight on complaints the projects...

Asian markets lower after S&P 500, Nasdaq hit record highs

BANGKOK (AP) — Shares were mostly lower in Asia on Wednesday as the rally on Wall Street, where the S&P 500 logged an all-time record high close, ran out of steam.

HAS : 103.18 (+2.51%)
Tech firm VMware faces DACA discrimination lawsuit

SAN FRANCISCO (AP) — A participant in the federal program shielding young immigrants from deportation is suing a Silicon Valley company, saying she was denied a job she was qualified for despite being...

S&P 500, Nasdaq close at record highs as earnings roll in

The S&P 500 hit an all-time high Tuesday, marking the stock market's complete recovery from a nosedive at the end of last year.

PSX : 94.28 (-3.20%)
UTX : 139.59 (-0.31%)
KBH : 26.11 (+0.69%)
HAS : 103.18 (+2.51%)
LMT : 330.12 (-0.89%)
Writings on gender issues magnify scrutiny of Trump Fed pick

WASHINGTON (AP) — Additional provocative commentaries about women written by Stephen Moore, President Donald Trump's pick for the Federal Reserve board, emerged Tuesday, a day after a second White House...

Trump meets with Twitter CEO amid bias complaints

WASHINGTON (AP) — President Donald Trump said he had a "great meeting" Tuesday with Twitter CEO Jack Dorsey, hours after bashing the company and accusing it of not treating him well because he's a Republican....

Oil prices climb in wake of Iranian oil sanctions decision

NEW YORK (AP) — Global oil prices are rising in the wake of President Donald Trump's decision to impose sanctions on nations that import Iranian oil and could eventually climb to levels that would impact...

How the major US stock indexes fared Tuesday

The S&P 500 index closed at a record high Tuesday, surpassing the peak it set last September and recouping all the ground it lost in a nosedive late last year.

Back to the same record, but it's a different stock market

NEW YORK (AP) — Stock investors had to go on a harrowing round trip over the last seven months, but the market may be in a healthier place after it.

INV.LS : 303.000 (unch)
Markets Right Now: S&P 500, Nasdaq close at record highs

NEW YORK (AP) — The latest on developments in financial markets (all times local):

LMT : 330.12 (-0.89%)
US new-home sales climbed 4.5% in March

WASHINGTON (AP) — Sales of new U.S. homes increased 4.5% in March, the third straight monthly gain as the housing market appears to be cautiously recovering from a mortgage rate spike last year that...

Millennial Money: Are you robbing the Bank of Mom and Dad?

When Melanie Lockert graduated with a master's in performance studies in 2011, she was overwhelmed with student loans. Her many attempts to tap the Bank of Mom and Dad had failed.

Sales of new US homes rose 4.5% in March; strongest pace since November 2017 as market recovers from last year's slump

WASHINGTON (AP) — Sales of new US homes rose 4.5% in March; strongest pace since November 2017 as market recovers from last year's slump.

A Trump Fed choice steps aside, and another faces new doubts

WASHINGTON (AP) — President Donald Trump's efforts to reshape the Federal Reserve stumbled on Monday, with one of his potential nominees for the Fed's board withdrawing from consideration and another...

Asian stocks mixed, oil soars on Iran sanctions worries

SINGAPORE (AP) — Asian stocks were mixed on Tuesday while oil prices soared to their highest level since October after the U.S. said it would soon impose sanctions on all buyers of Iranian oil.

XOM : 81.76 (-1.94%)
MRO : 18.15 (-2.84%)
Tesla CEO plans to hand the car keys to robots next year

SAN FRANCISCO (AP) — Tesla CEO Elon Musk expects to start converting the company's electric cars into fully self-driving vehicles next year as part of an audacious plan to create a network of robotic...

GM : 39.72 (-0.28%)
A Trump Fed choice steps aside, and another faces new doubts

WASHINGTON (AP) — President Donald Trump's efforts to reshape the Federal Reserve stumbled on Monday, with one of his potential nominees for the Fed's board withdrawing from consideration and another...

Chart of the Day

Cree Inc (CREE)

The Barchart Chart of the Day belongs to the semi conductor company Cree(CREE). I found the stock by using Barchart to sort it's Top Stocks to Own list first by the most frequent number of new highs in the last month, then I used the the Flipcha...
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