TOKYO — Global shares rose Thursday on optimism about a U.S.-China trade deal and the Chinese government's efforts to boost its economy. France's CAC 40 rose 1.4% to 6,058 on the new year's first day of trading, while Germany's DAX was 1% higher at 13,382. Britain's FTSE 100 added 1%...
Saudi Aramco Gains 10% in Debut to Clinch Top Seat at $1.8T
RIYADH, Saudi Arabia — Saudi Arabia's oil company Aramco gained 10% in its first moments on the stock market Wednesday in a dramatic debut that held until closing and pushed its value up to $1.88 trillion, surpassing Apple as the largest listed company in the world. Trading on the Saudi...
Charles Schwab Buys TD Ameritrade in Brokerage Blockbuster
NEW YORK — Charles Schwab is buying rival TD Ameritrade in a $26 billion stock swap, a blockbuster agreement accelerated by massive disruption in the online brokerage industry. Competitive pressure has already forced brokerages to make it free for customers to trade U.S. stocks online, and Schwab’s buyout combines two...
Stocks Wobble in Early Trading on Latest Batch of Earnings
NEW YORK — U.S. stocks wobbled between small gains and losses in early trading on Wall Street Thursday as investors reviewed a mixed batch of corporate profits and financial forecasts. Technology stocks made the strongest gains. Microsoft rose 1.5% after handily beating Wall Street's quarterly profit forecast, and PayPal soared...
US Adds 136K Jobs, Unemployment Dips to 5-Decade Low
WASHINGTON — The U.S. economy added a modest 136,000 jobs in September, a gain that managed to help lower the unemployment rate to a new five-decade low of 3.5% but also suggested rising caution among employers. The additional hiring and the drop in the jobless rate will likely ease worries...
US Stocks Climb Amid Signs of a Thaw in US-China Trade War
Stocks marched broadly higher on Wall Street in midday trading Monday after President Donald Trump claimed China was willing to reopen talks on the costly trade war that has roiled markets and dimmed the outlook for global economic growth. Uncertainty remained high, however, about the next developments in the trade...
US Stocks Climb Amid Signs of a Thaw in US-China Trade War
Stocks marched broadly higher on Wall Street in midday trading Monday after President Donald Trump claimed China was willing to reopen talks on the costly trade war that has roiled markets and dimmed the outlook for global economic growth. Uncertainty remained high, however, about the next developments in the trade...
US Stocks Steady After Plunge, but Caution Reigns
NEW YORK — Stocks around the world remained stuck in the spin cycle Thursday, as worries about a possible recession collided with hopes that the strongest part of the U.S. economy — shoppers spending at stores and online — can keep going. The S&P 500 moved between modest gains and...
Stocks Slide After Bond Market Warns Again of Recession
NEW YORK — Stocks fell sharply Wednesday after the bond market threw up another warning flag on the economy. The yield on the 10-year Treasury briefly dropped below the two-year Treasury's yield Wednesday morning for the first time since 2007. The so-called inversion has correctly predicted many past recessions and is the...
US Stock Indexes Slide as China's Currency Hits 11-Year Low
NEW YORK — U.S. stocks nosedived in morning trading on Wall Street Monday as China's currency fell sharply and stoked fears that the trade war between the world's two largest economies would continue escalating. China let its currency, the yuan, sink to an 11-year low against the dollar and under...