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US stocks are little changed as investors wait for Fed

NEW YORK (AP) — Stocks were mixed in quiet trading Monday as investors sat on the sidelines waiting to see where the Federal Reserve might move interest rates next month. Energy stocks fell along with the price of crude oil. KEEPING SCORE: The Dow Jones industrial average rose 31 points, or 0.2 percent, to 17,531 […]

A big oil and gas company just withdrew its IPO

Freeport-McMoRan has withdrawn the initial public offering of its oil and gas unit, CNBC reports. The company filed for an IPO in June 2015. The company had planned to list Class A common stock on the New York Stock Exchange, according to MarketWatch. More to come... Show More Summary

Economic data keeps Fed in focus for stocks

By Chuck Mikolajczak NEW YORK (Reuters) - Economic data will garner most of the attention next week, with investors placing a heavy weight on a host of reports as they try and determine the likelihood of a rate hike by the U.S. Federal Reserve at its June meeting. Show More Summary

Little for U.S. stock investors to cheer on anniversary of S&P record high

By Lewis Krauskopf NEW YORK (Reuters) - A year ago the U.S. stock market minted new all-time highs, but you could excuse investors for not celebrating the anniversary. The benchmark S&P 500 has failed to close higher since ending at 2,130.82 on May 21, 2015, and now trades some 4 percent below that peak. Show More Summary

Where can you get a 5 percent yield? At Macy's

By Caroline Valetkevitch NEW YORK (Reuters) - Some of the best deals at big retailers like Macy's, Staples and Gap are not in their stores but on the stock market: their dividends are through the roof. After a Wall Street selloff hit...Show More Summary

Stocks move higher, led by technology and banks

NEW YORK (AP) — Stocks are climbing in morning trading Friday as investors respond to encouraging corporate news and dealmaking. The gains were broad. Eight of the 10 sectors of the Standard and Poor’s 500 index rose, led by banks and technology companies. KEEPING SCORE: The Dow Jones industrial average rose 112 points, or 0.6 […]

Markets Right Now: US stocks open higher on Wall Street

NEW YORK (AP) — The Latest on developments in financial markets (all times local): 9:35 a.m. Stocks are climbing in early trading as traders respond to some encourage earnings and deal news. Banks and technology companies rose more than the rest of the market in early trading Friday. Applied Materials jumped 13 percent after reporting […]

U.S.-based stock funds continue trend of outflows in latest week: Lipper

By Trevor Hunnicutt NEW YORK (Reuters) - Investors pulled another $3.9 billion from U.S.-based stock funds during the week that ended May 18, Lipper data showed on Thursday, bolstering a trend of outflows that has persisted most of this year. Show More Summary

How Goldman Sachs makes itself look as bad as people think it is (GS)

Well, here you go.  On Wednesday, before the stock market opened in New York, Goldman Sachs analyst Patrick Archambault upgraded shares of Tesla. Archambault put a "Buy" rating and a $250 per share price target on the stock due to what...Show More Summary

U.S. bank stocks rally on hawkish Fed

By Rodrigo Campos NEW YORK (Reuters) - Bank stocks were the standout winners on Wednesday from the Federal Reserve's unexpectedly firm signal that its next rate hike could be just weeks away, a prospect that could boost banks' bottom lines as they charge more for loans. Show More Summary

Some NYSE trades rerouted after technical issue

By Chuck Mikolajczak NEW YORK (Reuters) - The New York Stock Exchange on Wednesday said it was experiencing a technical issue that sent trading to other exchange venues in a subset of symbols. Several exchanges, including Nasdaq IncShow More Summary

Josh Kushner-backed pharmacy startup Capsule launches

NEW YORK—Pharmacies are notorious for long lines and out-of stock prescriptions. For angel investor Eric Kinariwala, getting antibiotics should not be an ordeal. "About two years ago I was sick and had a nightmare experience trying to get an out-of-stock Z-Pak," Kinariwala told the New York Business Journal. Show More Summary

Stocks are slipping

Stocks traded lower on Tuesday morning in New York. Near 2:24 p.m. ET, the Dow was down 206 points (1.17%), the S&P 500 was down 22 points (1.09%) and the Nasdaq was down 59 points (1.25%). The S&P 500 fell back into the red for theShow More Summary

Stocks are slipping

Stocks traded lower on Tuesday morning in New York. Near 10:13 a.m. ET, the Dow was down 98 points (0.54%), the S&P 500 was down 10 points (0.49%) and the Nasdaq was down 23 points (0.50%). Stocks surged with crude oil on Monday, lifting...Show More Summary

Pfizer says it's blocking use of drugs for lethal injections

last weekNews : The Newsroom

File-This April 6, 2016, file photo shows the Pfizer logo appearing on a screen above its trading post on the floor of the New York Stock Exchange. Pfizer said Friday, May 13, 2016, it was blocking use of its drugs in lethal injections,...Show More Summary

S&P seen failing in reach for year-old record

By Rodrigo Campos NEW YORK (Reuters) - As the anniversary of the S&P 500's high mark approaches, the benchmark U.S. stock index's latest rally has stalled and failed to breach a key level, prompting some calls for sell-offs, at least in the short term. Show More Summary

Macy's forecast drives sell-off in U.S. retailer shares

By Caroline Valetkevitch NEW YORK (Reuters) - Investors heavily discounted U.S. retailers on Wednesday after a series of disappointments in the sector, including a weak forecast from Macy's Inc. Macy's stock dropped as much as 14 percent...Show More Summary

Is Trump making New York's real estate industry nervous?

Investors might not be worried about Donald Trump, but he appears to be making New York commercial real estate brokers nervous. Let's start with the stock market, where the Dow Jones Industrial... To view the full story, click the title link.

U.S. companies brighten their earnings outlook

By Caroline Valetkevitch NEW YORK (Reuters) - The profit recession that has weighed on large-cap stocks on Wall Street for the past three quarters may be loosening its grip as U.S. companies allow a hint of blue sky to poke through the gloom. Show More Summary

Midas touch gone, hedge fund industry's influence may be waning

By David Randall, Svea Herbst-Bayliss and Lawrence Delevingne NEW YORK (Reuters) - Hedge fund manager David Einhorn has built a reputation on his ability to crater a company's stock. His prescient short calls such as Allied Capital and Lehman Brothers had been announced in previous years at the annual Sohn Investment Conference in New York. Show More Summary

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