• Rising U.S. output weighs on oil prices
    Reuters9 minutes ago

    Rising U.S. output weighs on oil prices

    Oil prices came under pressure on Thursday after the International Energy Agency (IEA) increased its forecast for growth in U.S. oil output next year, raising the prospect of excess supply. U.S. West Texas Intermediate futures fell 29 cents to $56.31 a barrel, down from a high of $56.93. The Paris-based

  • Wall Street climbs as tax reform enters last lap
    Reuters9 minutes ago

    Wall Street climbs as tax reform enters last lap

    "We have a pretty positive background, investors are focused on the tax deal that they are closed to an agreement between the House and the Senate," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida. The S&P 500 was up 3.14 points, or 0.12 percent, at 2,665.99 and

  • Reuters10 minutes ago

    Pence delays Middle East trip in case vote needed on tax legislation

    Vice President Mike Pence will delay an upcoming Middle East trip by a couple of days in case a tie-breaking vote is needed from him for tax cut legislation in Congress, a senior White House official said on Thursday. Pence will now leave some time on Tuesday on a trip that will begin with a visit to

  • Rising U.S. output weighs on oil prices
    Reuters11 minutes ago

    Rising U.S. output weighs on oil prices

    Oil prices came under pressure on Thursday after the International Energy Agency (IEA) increased its forecast for growth in U.S. oil output next year, raising the prospect of excess supply. U.S. West Texas Intermediate futures fell 29 cents to $56.31 a barrel, down from a high of $56.93. The Paris-based

  • U.S. Federal Communications Commission set to reverse net neutrality rules
    Reuters11 minutes ago

    U.S. Federal Communications Commission set to reverse net neutrality rules

    The U.S. Federal Communications Commission is expected on Thursday to rescind rules that were aimed at ensuring a free and open internet, as protesters gathered online and in front of FCC headquarters to oppose the change. Commission Chairman Ajit Pai's proposal marks a victory for big internet

  • Associated Press12 minutes ago

    US mortgage rates mixed this week: 30-year, fixed-rate falls

    U.S. mortgage rates were mixed this week: The rate on 30-year, fixed-rate mortgages fell; the 15-year, fixed-rate was flat; and the five-year adjustable rose.

  • Associated Press3 minutes ago

    AP Top Extended Financial Headlines at 10:14 a.m. EST

    Superstar cities and stagnation: How the Great Recession perpetuated US regional divides

  • Tax cut winners and losers
    Associated Press13 minutes ago

    Tax cut winners and losers

    As a Republican-backed tax cut bill makes its way through Congress, some investors are scouring the market for potential winners and losers: companies they think will benefit the most, and those who'll ...

  • Reuters15 minutes ago

    U.S. retail sales surge; weekly jobless claims fall

    U.S. retail sales increased more than expected in November as the holiday shopping season got off to a brisk start, pointing to sustained strength in the economy that could pave the way for further Federal Reserve interest rate hikes next year. The economic outlook was also bolstered by other data on

  • European Central Bank keeps stimulus measures on track
    Associated Press15 minutes ago

    European Central Bank keeps stimulus measures on track

    With the eurozone economy showing strong growth, the European Central Bank left its interest rates and stimulus measures unchanged Thursday as it looks ahead to the delicate matter of ending its bond-purchase ...

  • Associated Press16 minutes ago

    US 30-year, fixed-rate mortgage rate slips to 3.93 percent

    The rate on 30-year fixed-rate U.S. mortgages slipped to 3.93 percent this week. Mortgage buyer Freddie Mac says the benchmark 30-year home loan rate was down from 3.94 percent last week and 4.16 percent ...

  • Reuters16 minutes ago

    ECB willing to learn lessons from Steinhoff buys, says Draghi

    European Central Bank President Mario Draghi said the bank was ready to learn lessons if required from its purchase of bonds in retailer Steinhoff, which have halved in value during an accounting scandal. The Steinhoff case is fuelling criticism of the ECB's purchases of corporate debt as part of

  • Delta Air Lines to place order for Airbus jets
    Reuters17 minutes ago

    Delta Air Lines to place order for Airbus jets

    Delta Air Lines said on Thursday it will place a firm order for 100 Airbus A321neo jets and an optional order for 100 of the aircraft. Delta, the No. 2 U.S. airline by passenger traffic, said in a filing with the U.S. Securities and Exchange Commission that it expects deliveries to begin in the first

  • Business inventories slip 0.1% in October, meeting expectations
    CNBC17 minutes ago

    Business inventories slip 0.1% in October, meeting expectations

    The measure of business supply was expected to dip after flattening out in the prior month.

  • Scottish government to raise taxes on higher earners, boost public pay
    Reuters19 minutes ago

    Scottish government to raise taxes on higher earners, boost public pay

    Scotland's government said on Thursday that it will increase income tax rates for higher earners to help relieve strain on the public finances and fund a pay rise for those in the public sector. The budget set out by finance minister Derek Mackay on Thursday offered public sector workers earnings

  • AFP19 minutes ago

    Holiday shopping, gasoline send US retail higher in November

    The US holiday shopping season got off to a robust start in November, sending the US retail sector surging along with higher gasoline sales, according to government data released Thursday. Online retailers ...

  • Motley Fool19 minutes ago

    Why L Brands, Inc. Shot Up 30% in November

    With the exit of its swimwear and apparel lines firmly in the rearview mirror, investors are starting to focus on results of L Brands' core businesses.

  • European stocks and euro sag as rates held steady
    AFP News19 minutes ago

    European stocks and euro sag as rates held steady

    Europe's major stock markets slid and the euro dipped Thursday after interest rates were left on hold in Britain and the eurozone. The US Federal Reserve had increased borrowing costs as expected on Wednesday, adding to subdued sentiment in the final round of central bank decisions this year. The

  • Teva Pharm to lay off a quarter of workforce, suspends dividend
    Reuters20 minutes ago

    Teva Pharm to lay off a quarter of workforce, suspends dividend

    Teva Pharmaceutical Industries will cut its workforce by more than a quarter, give up many of its manufacturing plants and suspend its dividend on ordinary shares in a much-anticipated overhaul to help pay back its massive debt. Israel-based Teva, the world's largest generic drugmaker, said on Thursday

  • Three Great Wines for Under $30
    Bloomberg Video12 minutes ago

    Three Great Wines for Under $30

    Dec.14 -- Bloomberg Pursuits' wine and spirits guru, Elin McCoy, has three great wines to pour at your holiday party, or to sip while cooking. Cheers! (video by Mike Byhoff, Erick Braun)

  • Reuters21 minutes ago

    Thomas Cook considering acquisition of Niki

    Tourism group Thomas Cook is considering a takeover of insolvent holiday carrier Niki, a spokesman said on Thursday, after Niki was left looking for a new investor following Lufthansa's decision to drop a bid. Thomas Cook and its German airline Condor had been among the initial parties to bid

  • We invest in millions in Ford, GM. Here's why fighting strong fuel standards is the 'wrong move'
    CNBC22 minutes ago

    We invest in millions in Ford, GM. Here's why fighting strong fuel standards is the 'wrong move'

    NYC Comptroller Scott Stringer says U.S. automakers need to stay competitive by embracing fuel efficiency.

  • Reuters23 minutes ago

    Minority investors in M&C Hotels to resist takeover from CDL

    LONDON (Reuters) - A group of minority investors in Millennium & Copthorne Hotels said they will not tender their shares to bidder City Developments Limited (CDL), the majority shareholder that is attempting to take control of the company in a deal valuing the hotelier at 2 billion pounds.

  • Care home giant Four Seasons avoids collapse with last-minute deal
    The Telegraph23 minutes ago

    Care home giant Four Seasons avoids collapse with last-minute deal

    Care home giant Four Seasons avoids collapse with last-minute deal

  • Reuters24 minutes ago

    Greek January-November government budget surplus beats target

    ATHENS (Reuters) - Greece's central government attained a primary budget surplus of 4.66 billion euros (£4.1 billion) in the eleven months to November, above target due to lower spending, finance ministry data showed on Thursday.