Wall Street finished higher after a tame inflation report fueled hopes interest rates will remain low. The Dow gained 66 points. The S&P 500 rose 5 and the Nasdaq was little changed. The consumer price index rose less than expected in April as a statistical drop in gasoline prices offset a spike in other energy costs. And when volatile food and energy prices were stripped out - prices barely moved at all. A benign inflation picture means the Federal Reserve does not have to be in a rush to lift interest rates. Macy's added to the rally after the department store operator stood by its full-year targets despite posting a quarterly loss. Shares of Macy's climbed 3.6 percent. But Deere was not so lucky. The farm equipment company lost roughly a tenth of its value after warning it may have to downgrade full-year forecasts. A rally in the dollar made for a lousy day in the commodities market. For oil: the easing of supply concerns added to its malaise. Iran said it would not stop...
Stocks posted solid gains with beaten-down financial shares staging a comeback on news of a big capital infusion into a major global bank. The Dow jumped 101 points. The S&P posted an 11-point...
For more than a year, Umm Haitham and her children have lived in this school, a crumbling classroom they share with other displaced Palestinian families in the Beddawi refugee camp in northern...
The TSX posted another triple-digit loss Wednesday, with investors stepping away from equities as commodity prices slid and U.S. recession fears grew. At the close, the S&P/TSX composite...
Early hopes of an end to the brutal sell-off on North American stock markets quickly faded Friday as investors appeared unimpressed by White House efforts to revive a slumping U.S. economy....
A bank in India is helping sex workers save their money for a brighter future. MOREINFO: The bank was started by a sex-worker collective in the heart of Mumbai's red light district. More than...
Hrithik to play Buddha in Shyam Benegal’s film New Delhi, 3 Jan (ANI): National Award winning director Shyam Benegal who is known for films like ‘Zubeida’, ‘Ankur’, ‘Mammo’ and...
The S&P/TSX composite index plummeted almost 605 points on Monday as it joined a worldwide market sell-off prompted by growing fears of a U.S. recession. The benchmark index finished at...
Rescued hostage Ingrid Betancourt hugged her children for the first time in six years Thursday at a teary reunion in Colombia's capital, Bogota. - Betancourt, a dual French-Colombian citizen,...
Finally, a Christmas rally on Wall Street. The Dow gained 205 points. The S&P 24 points. While the Nasdaq was up 51 points. For the week, the Dow was up .85 percent and the Nasdaq jumped over 2%....
Price hikes, waning consumer confidence and profit warnings took the steam out of U.S. markets Tuesday. At the close the Dow lost 34 points, the S&P 500 gave up 3, and the Nasdaq shed 17. United...
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