(Reuters) – Wall Street stocks rose on Thursday, as strong earnings from Facebook and a handful of chipmakers powered technology stocks, and U.S. bond yields pulled back.
NEW YORK (Reuters) – United Parcel Service Inc reported higher first-quarter net profit on Thursday, driven by strong package volumes in its core U.S. segment, but higher costs from Saturday delivery and nasty winter weather weighed on the bottom line.
HOUSTON (Reuters) – ConocoPhillips , the world’s largest independent oil and natural gas exploration and production company, posted a bigger-than-expected quarterly profit on Thursday, helped by rising crude prices and cost cuts.
(Reuters) – Shares of Facebook Inc rose as much as 8.5 percent on Thursday morning after another blockbuster set of quarterly results calmed stock investors’ nerves about the fallout of the Cambridge Analytica privacy scandal.
(Reuters) – Wall Street stocks opened higher on Thursday as U.S. bond yields pulled back from the 3 percent level, and a 9 percent jump in Facebook’s shares after strong results helped the Nasdaq rise more than 1 percent.
WASHINGTON (Reuters) – New orders for key U.S.-made capital goods unexpectedly fell in March, weighed down by the biggest drop in demand for machinery in nearly two years, and a decline in shipments suggested business spending on equipment slowed in the first quarter.
(Reuters) – Wall Street was set for a positive start on Thursday, driven by strong earnings from Facebook and a handful of chipmakers, coupled with a slight retreat in bond yields.
FRANKFURT (Reuters) – Deutsche Bank fired 300 U.S.-based investment bankers on Wednesday as part of a broader overhaul of the global unit, a person with knowledge of the matter said on Thursday.
WASHINGTON, (Reuters) – New applications for U.S. unemployment benefits dropped to their lowest level in more than 48 years last week, suggesting that March’s slowdown in job growth was probably temporary.
(Reuters) – Time Warner Inc , which is being bought by AT&T Inc , reported a better-than-expected quarterly revenue on Thursday as the airing of the college basketball games helped Turner attract advertisers.
LONDON (Reuters) – European stocks and the euro made tentative gains on Thursday as a drop in bond market stress levels helped sentiment ahead of a read out from the European Central Bank’s latest meeting.
MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) reduced its debts by more than expected in the first quarter, putting the carmaker well on course to become cash positive later this year.
MADRID (Reuters) – Palma de Mallorca, capital of Mediterranean tourist destination the Balearic Islands, voted on Thursday to ban almost all short-term rentals of private homes like those on Airbnb, which locals say have triggered sharp rises in rental prices.
(Reuters) – Time Warner Inc , which is being bought by AT&T Inc , reported a 15.4 percent rise in quarterly profit on Thursday as its Home Box Office (HBO) and Turner channels added subscribers at a brisk pace.
WASHINGTON (Reuters) – German drug and crop chemical maker Bayer AG’s bid to buy seed and chemical company Monsanto Co is on track to win U.S. antitrust approval by the end of May, unless there is a last-minute complication, a source familiar with the matter said on Thursday.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
