S&P 500, Dow climb as health insurers, financials gain
The Dow and S&P 500 rose on Thursday to close at record highs as health insurers gained after the Trump administration scrapped a plan designed...
Investors pour $28 billion in money-market funds as S&P hit record high: Lipper
U.S.-based money-market funds attracted about $28 billion in the week ended Wednesday, their largest weekly inflow since mid-May, as the S&P 500 Index rose above...
Bostic: Fed’s focus is its mandates not market pricing for rate cuts
Strong market expectations of an upcoming Fed rate increase are not a reason for the central bank to make a policy move given a U.S....
As Fed’s Powell affirms rate cut view, others see U.S. economy humming
As Federal Reserve Chair Jerome Powell kept the focus Thursday on global risks that could trigger a Fed rate cut in coming weeks, his colleagues...
Oil falls on dim OPEC demand outlook, pares gains from Gulf of Mexico storm
Oil prices fell on Thursday as OPEC forecast slower demand for its crude next year, with crude futures easing from their highest in more than...
Healthcare limits stock gains; oil prices drop on weak demand forecast
A broad index of stocks around the world pared gains slightly on Thursday as healthcare shares limited Wall Street’s rise, while oil prices turned lower...
Deutsche Bank to layoff 126 New York staff as part of restructuring
Deutsche Bank AG plans to lay off 126 employees in New York in the coming months, according to a filing the bank made with New...
Indivior says Reckitt settlement in U.S. unrelated to its cases
Drugmaker Indivior Plc said on Thursday its former parent Reckitt Benckiser’s $1.4 billion settlement with authorities in the United States was separate to its ongoing...
Reckitt to pay $1.4 billion to end U.S. opioid addiction treatment probes
Reckitt Benckiser has agreed to pay up to $1.4 billion to resolve U.S. claims that its former pharmaceuticals business Indivior before it was spun out...
Cargill quarterly profit dives 41% on trade tensions, U.S. floods
Global commodities trader Cargill Inc [CARG.UL] reported a 41% drop in adjusted quarterly profit on Thursday, citing supply disruptions stemming from the U.S.-China trade war...