Stock News

European stocks closed on high gains Monday amid Chinese manufacturing data

European stocks advanced the most in eight weeks as a bunch of Chinese manufacturing activity data exceeded economists’ estimates. U.S. index futures also rose while trading in US took a day off due to Labor day holiday. The Stoxx Europe 600 Index added 1.9% to 302.94 at the close of trading, its biggest gain since […] Read more

Samsung to launch a smartwatch before Apple

Samsung is set to launch its much anticipated new gadget – a smartwatch, on Wednesday, marking a major milestone in the emerging product category amid concerns that the smartphone market has reached its peak. The company has been looking for a fresh niche to boost sales. That, or the news of Apple coming up with […] Read more

European stocks open higher on China manufacturing, delayed Syria intervention

European stock markets are trading sharply higher on Monday, benefiting from the likely delay to any military response in Syria after U.S. President Barack Obama decided over the weekend to ask Congress to authorize the mission. The leaders of the House and Senate said they would hold votes on the need for military action in […] Read more

Verizon and Vodafone to seal an acquisition today

Verizon Communications Inc. should announce an agreement as soon as today to acquire Vodafone Group’s 45% stake in their wireless venture for $130 billion, capping its 10 years-long pursuit of full control of the biggest U.S. mobile phone company. The $130 billion price will be paid in a combination of cash and Verizon stock, according […] Read more

US stocks declined amid Fed tapering concern, Syria tensions

US stock indexes retreated sending Standard & Poors 500 to a 3.1% decline for the month of August amid analysts speculation of bond tapering happening as soon as mid-September. US intentions to strike Syria is another reason for the stock market to slump. The Dow Jones Industrial Average retreated 4.4% to 14810.31 capped by a […] Read more

US stock index futures rose before spending and confidence data

US stock index futures opened higher today ahead of couple of economic releases that include consumer spending and Chicago-area manufacturing data. Futures for the Dow Jones Industrial Average inched 48 point higher, or 0.18% to 14,865. Those for the S&P 500 index added 1.8 points, or 0.1% to 1,638.20, whole futures for the Nasdaq 100 […] Read more

Fast food chains occupied by protests for higher pay

Low wage paid workers at fast-food restaurants are staging protests to demand a pay hike of as much as 100% to $15 an hour in order to help them get in the middle class. “McDonald’s made $5.5 billion in profits,” one labor leader told Yahoo Finance. “There’s plenty of money to pay the workers who […] Read more

Mercedes leading a trend in autopilot car industry

Earlier this week Nissan said company bets on creating a fully self-driven car which would only require for its passenger to lock the seat belt and enjoy the ride, by 2020. Mercedes a brand owned by Daimler is already implementing some of the technologies easing drivers parking, bumper to bumper traffic, or taking a maneuver […] Read more

US stocks advanced amid positive GDP data

US stocks rose, sending the Standard & Poor’s 500 Index higher for a second day, as data showed the economy expanded at a faster pace in the second quarter and concerns over Syria eased temporarily. The S&P 500 rose 0.2% to 1,638.17 at 4 p.m. in New York, paring an earlier advance of as much […] Read more

Xiaomi adds key Google executive to its team

Google has lost a top executive from its Android management team to fast-rising Chinese smartphone maker Xiaomi, less than six months after the head of the US company’s mobile platform stepped down. The appointment signals Xiaomi’s intention to take on Apple and Samsung Electronics Inc. overseas after building market share by selling handsets priced at […] Read more