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Financial News Stories

Wall Street closes down for January; Shake Shack rallies in debut

By Sinead Carew NEW YORK (Reuters) – U.S. stocks closed down on Friday after a volatile session as investors worried at the end of a rough month for the market about weak U.S. growth data and whether instability in Europe … Continue reading

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Shake Shack shares more than double in stock market debut

NEW YORK (AP) — Wall Street went wild for burgers Friday. Shares of Shake Shack, a burger chain that started as a New York City hot dog cart, more than doubled in their first day of trading. The company raised … Continue reading

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Shake Shack Shares Sizzle On Market Debut

Shake Shack, a former New York City food cart which is now a gourmet burger chain challenger to McDonald’s, rocketed upon its stock market debut on Friday. Shares spiked nearly 120% to close at $45.90 on Friday, valuing the chain … Continue reading

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Stocks sag at the close; January finishes on weak note

The U.S. stock market capped a rough month Friday, delivering its third loss in five days and extending its declines for the year. All told, the Standard Poor’s 500 index fell 3 percent in January, its worse monthly performance in … Continue reading

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Fed’s Fisher: stronger dollar good for U.S. jobs

By Ann Saphir SAN FRANCISCO (Reuters) – Sharp gains in the U.S. dollar are good for the U.S. labor market, a top Federal Reserve official said on Friday, downplaying a crescendo of complaints from top executives over the dent to … Continue reading

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Oil surges 8 percent as U.S. rig count plunges, shorts scramble

By Barani Krishnan NEW YORK (Reuters) – Oil prices roared back from six-year lows on Friday, rocketing more than 8 percent as a record weekly decline in U.S. oil drilling fueled a frenzy of short-covering. In a rally that may … Continue reading

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Shake Shack IPO vaults shares into ‘nosebleed’ territory

By Amrutha Gayathri and Lisa Baertlein (Reuters) – Shares of Shake Shack Inc (SHAK.N) more than doubled on Friday, putting a nearly $2 billion price tag on the small cult hamburger chain, in a huge bet that its growth can … Continue reading

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U.S. economy cools in fourth quarter, but consumer spending shines

By Lucia Mutikani WASHINGTON (Reuters) – U.S. economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006. The slowdown followed two back-to-back quarters of … Continue reading

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Japan’s biggest airlines foresee smooth annual earnings

Japan’s two biggest airlines on Friday projected smooth full-year earnings, with All Nippon Airways (ANA) placing a $2.2 billion order for Boeing and Airbus planes, while rival Japan Airlines (JAL) raised its full-year profit forecast. ANA said its April-December net … Continue reading

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Twitter cofounders come to CEO Dick Costolo’s aid amid criticism from investors, analysts

Washington, Jan 30 (ANI): Twitter cofounders have come out in support of the social networking site’s CEO Dick Costolo amid a series of criticisms of his performance by investors and analysts. According to Mashable, Jack Dorsey, Twitter’s cofounder and current … Continue reading

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Financial News

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