Stocks climb on optimism over Greece situation, U.S. economy

U.S. stocks closed higher on Wednesday as investors eyed better-than-expected data and remained optimistic on resolution between Greece and its creditors. ( Tweet This ) “Investors should have higher conviction we are back to trend (on economic growth),” said David Lefkowitz, Senior Equity Strategist at UBS. “I think it’s mostly about Greece (and) a lot […]

Full Story »

Wall Street tumbles 2.1% as Greek fears mount

Global stocks tumbled Monday after Greece closed its banks and limited the amount of money citizens can withdraw from them after bailout talks with its creditors broke down over the weekend. The Greek drama has been unfolding for many months (if not years) but the latest developments revived fears the country could exit the euro […]

Full Story »

Euro zone readies for Greek default after Tsipras referendum call

By Renee Maltezou and Robin Emmott ATHENS/BRUSSELS (Reuters) – Greece’s European partners shut the door on extending a credit lifeline to Athens, leaving it facing a default that could push it out of the euro after the leftist government rejected tough lender demands and put their bailout deal to a referendum. Finance ministers of the […]

Full Story »

Even after SCOTUS victory, Obamacare still faces big challenges

The Affordable Care Act “is here to stay,” as President Obama said following the Supreme Court decision in King v. Burwell that upheld the law in full. The justices could have ruled that federal subisidies—integral to the functioning of the law—were invalid in 34 states that rely on the federal healthcare exchange rather than running […]

Full Story »

SEC probing hackers who broke into email for insider trading: Report

By Sarah N. Lynch and Joseph Menn WASHINGTON/SAN FRANCISCO (Reuters) – U.S. securities regulators are investigating a group of hackers suspected of breaking into corporate email accounts to steal information to trade on, such as confidential details about mergers, according to people familiar with the matter. The Securities and Exchange Commission has asked at least […]

Full Story »

SEC probing hackers who broke into email for insider trading: Report

By Sarah N. Lynch and Joseph Menn WASHINGTON/SAN FRANCISCO (Reuters) – U.S. securities regulators are investigating a group of hackers suspected of breaking into corporate email accounts to steal information to trade on, such as confidential details about mergers, according to people familiar with the matter. The Securities and Exchange Commission has asked at least […]

Full Story »

Chinese firms pour money into U.S. R&D in shift to innovation

By Jason Lange WASHINGTON(Reuters) – Surging investment by Chinese companies in U.S. research labs is yielding a fast-growing trove of patents, part of a push to mine America for ideas to help China shift from being the world’s factory floor to a driver of innovation. Largely absent from American research hubs a decade ago, Chinese […]

Full Story »

Why Apple’s latest antitrust woes are a good thing

Apple’s (AAPL) efforts to break into the streaming music business have attracted considerable attention from fans, investors, analysts and even a few lawyers in Washington, D.C. But while Apple obviously shouldn’t get tangled up in another antitrust lawsuit, the company’s aggressive negotiations and strategies are actually positive signs of a market leader still fighting for […]

Full Story »

Fed officials see rate ‘liftoff’ this year

By Howard Schneider and Jonathan Spicer WASHINGTON (Reuters) – The U.S. economy is growing moderately after a winter swoon and likely strong enough to support an interest rate increase by the end of the year, U.S. Federal Reserve officials indicated on Wednesday. After contracting in the first quarter, the economy is now on track to […]

Full Story »

SpaceX to build test track for futuristic Hyperloop high-speed transport

By Irene Klotz CAPE CANAVERAL, Fla. (Reuters) – Two years after unveiling plans for a futuristic, high-speed Hyperloop transportation system, technology entrepreneur Elon Musk announced plans for building a test track in southern California and a competition for prototype pods, documents obtained by Reuters show. As described in Musk’s 57-page white paper, the solar-powered Hyperloop […]

Full Story »
Page 1 of 431123456»102030...Last »

Categories

Archives

Advertisement

Advertisement