Surging small cap stocks offer hope of U.S. growth rebound
Big gains in small caps stocks are fueling hopes that a bounce in broader equity markets may stick, as investors ponder how quickly the U.S....
World shares mixed amid hopes for business pickup, oil slips
Oil prices slid and world equity markets seesawed on Wednesday as investor hopes for a pickup in business activity were dashed by downbeat economic data...
The magic word for Detroit automakers is trucks
The coronavirus pandemic brought the U.S. auto industry to its knees, but Americans’ love affair with beefy pickup trucks is helping the Detroit automakers get...
Tech leads Wall Street higher as financials fall
The benchmark S&P 500 rose modestly on Wednesday, with gains in technology shares offsetting declines in financials and defensive groups as data showing U.S. private...
Gold price boosts Barrick profit as miner eyes copper deals
Barrick Gold Corp reported a nearly 55% rise in quarterly profit on Wednesday as gold prices surged, bolstering its ability to snap up mines including...
U.S. tells WTO ‘no valid basis’ for EU tariffs in Boeing-Airbus subsidy fight
The United States told the World Trade Organization on Wednesday it has fully complied with WTO findings that Washington state’s now-repealed tax breaks for Boeing...
U.S. private payrolls dive by a record 20.2 million
U.S. private employers laid off a record 20.236 million workers in April as mandatory business closures in response to the novel coronavirus outbreak savaged the...
Fed’s lending programs aren’t for insolvent oil drillers, Dallas Fed’s Kaplan says
Insolvent or overly leveraged firms, including oil drillers and oil services firms, won’t be able to tap the Federal Reserve’s emergency lending program for “Main...
World shares mixed amid hopes for business pickup, weak data; oil slides
World equity markets were mixed on Wednesday, with U.S. indexes seesawing amid hopes for a pickup in business activity and as oil prices slumped with...
Wall Street gains on optimism over easing lockdowns
Wall Street’s main indexes rose on Wednesday on hopes of a pickup in business activity as states eased coronavirus-induced curbs, with investors also looking past...