Market News Stories
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
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
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
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
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
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
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
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
WASHINGTON/SAN FRANCISCO (Reuters) – ATT Inc (T.N) spent close to half the total in the record-setting U.S. sale of airwaves for mobile data, with Dish Network Corp (DISH.O) spending heavily to manage a surprise win at No.2 ahead of Verizon, … Continue reading
WASHINGTON (Reuters) – Food distributor Sysco Corp (SYY.N) and its biggest rival, US Foods Inc USFOO.UL, have offered to sell a smaller competitor 11 facilities in order to convince skeptical antitrust regulators to approve their $3.5 billion merger, a source … Continue reading
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