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Finance Stories

World stocks uneven ahead of US growth report

HONG KONG (AP) — World stock markets were uneven Friday and Wall Street futures slid ahead of quarterly growth figures that will show whether weakness in China, Japan and Europe has hit the U.S. economy. KEEPING SCORE: European markets swung … Continue reading

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EU Prepares Tougher Russian Penalties

(Bloomberg) — European Union governments moved toward imposing further economic sanctions on Russia, casting a pall over plans to resume talks Friday in Belarus over the conflict in Ukraine. EU foreign ministers gave the go-ahead to prepare steps that would … Continue reading

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Cramer: Don’t bet against this stock

Finally! A nice snapback rally with the averages jumping on Thursday let investors have a sigh of relief for a minute. It is on days like this that Jim Cramer likes to take a deep dive into the recent activity … Continue reading

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Markets brace for Big Oil profit plunge

NEW YORK (AP) — It’s just a forecast, and for only one of 10 industry groups in the stock market. Yet it has almost singlehandedly turned what had been a promising earnings season into a grim one. Profits for companies … Continue reading

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Big oil cuts $20 billion in five hours to preserve dividends

(Bloomberg) — Royal Dutch Shell Plc will cut $15 billion of investment over the next three years as the crash in oil prices saw fourth-quarter profit miss forecasts. Shell, the first of the world’s largest oil companies to report earnings … Continue reading

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Stocks pop in afternoon action

NEW YORK (Reuters) – U.S. stocks enjoyed a late afternoon rally on Thursday, ending a volatile session sharply higher as crude oil reversed earlier losses and returned the energy sector to positive territory. The Dow Jones industrial average .DJI rose … Continue reading

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Visa logs fiscal Q1 beat, unveils 4-for-1 stock split

(Reuters) – Visa Inc, the world’s largest credit and debit card company, reported a better-than-expected quarterly profit on Thursday as a strengthening U.S. job market and cheaper gasoline prices encouraged people to spend. Visa’s net income rose to $1.57 billion … Continue reading

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Google shares slide as search giant reveals Q4 miss

By Alexei Oreskovic SAN FRANCISCO (Reuters) – Google Inc’s (GOOGL.O) (GOOG.O) revenue grew 15 percent in the fourth quarter, falling short of Wall Street’s target on declining online ad prices and unfavorable foreign exchange rates. Shares of Google fell 3.5 … Continue reading

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Big banks fail to dismiss U.S. currency rigging lawsuit

By Jonathan Stempel NEW YORK (Reuters) – A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market. U.S. District Judge Lorna Schofield … Continue reading

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Big banks fail to dismiss U.S. currency rigging lawsuit

By Jonathan Stempel NEW YORK (Reuters) – A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market. U.S. District Judge Lorna Schofield … Continue reading

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