Business

Workers benefit as US businesses struggle to fill jobs

Workers benefit as US businesses struggle to fill jobs

U.S. workers are increasingly benefiting as employers struggle to fill millions of open jobs. More people who had given up looking for work are renewing their job hunts, more employees are confident enough to quit to look for other jobs and pay is gradually picking up. U.S. employers added just 103,000 jobs in March, the Labor Department said Friday, the […]

Incyte poised to drop, Merck falls on disappointing study of melanoma treatment

Incyte poised to drop, Merck falls on disappointing study of melanoma treatment

Shares of Incyte Corp. plunged 19% in premarket trade Friday, and Merck & Co. Inc.‘s stock dropped 1.9%, after the companies said an external data monitoring committee (eDMC) determined that results from a phase 3 study evaluating Incyte‘s epacadostat with Merck‘s Keytruda in patients with metastatic melanoma did not meet the primary endpoint of improving progression-free survival. Incyte‘s stock had […]

All Dow stocks trading premarket are in the red

All Dow stocks trading premarket are in the red

All 29 of the Dow Jones Industrial Average components trading in the premarket are declining, as with China has sent Dow futures tumbling. Only DowDuPont Inc.‘s stock is still inactive ahead of the open. Among the biggest decliners, shares of Boeing Co. dropped 2.2%, Merck & Co. shed 2.1% and Caterpillar Inc. dropped 1.4%. The most-active stock is Apple Inc.‘s […]

Need to Know: Trading volatility can be a ‘very potent hedge,‘ says today‘s call

Need to Know: Trading volatility can be a ‘very potent hedge,‘ says today‘s call

Like Conor McGregor attacking a UFC bus, the tariff-lover-in-chief has ambushed a stock market that was driving toward a weekly win. “Just when you thought it was safe to go back in the water, President Trump orders USTR to consider $100 billion in additional tariffs,” groans Oanda’s Stephen Innes. And so now to go at more Chinese imports, as today’s […]

China files WTO complaint over Trump tariffs

China files WTO complaint over Trump tariffs

China has filed a complaint at the World Trade Organization over the U.S. decision to slap tariffs on $50 billion of goods from the world‘s second-largest economy. "China claims the tariffs would be in excess of the United States‘ bound rates and are inconsistent with Article I.1 and Article II.1(a) and (b) of the General Agreement on Tariffs and Trade […]

Tesla‘s stock is soaring again Thursday and is now in bull-market territory

Tesla‘s stock is soaring again Thursday and is now in bull-market territory

Tesla Inc.‘s stock surged 6.4% in afternoon trade Thursday, to extend that has been strong enough to kick off a new bull market. The stock has now rallied 20.9% since it closed Monday at $252.48, which was . Many chart watchers say a new bull market begins after a rise of 20% or more off a bear market low. Tesla‘s […]

Amazon is profitable for the post office, a former postmaster general says

Amazon is profitable for the post office, a former postmaster general says

Amazon Inc. is profitable for the U.S. Postal Service, former Postmaster General Patrick Donahoe “unequivocally stated” to UBS analysts, according to a Thursday note, contradicting tweets from President Donald Trump. UBS analysts arranged a call with Donahoe due to the “confusion around the rhetoric coming out of Washington, D.C.” and in light of reports that the contract between Amazon and […]

U.S. stocks end higher, extending rebound as trade fears ease

U.S. stocks end higher, extending rebound as trade fears ease

U.S. stock benchmarks on Thursday finished firmly higher, with the Dow booking a 1% gain, ahead of a closely watched reading of employment due on Friday. The Dow Jones Industrial Average closed up 1%, or about 240 points, at 24,500, buoyed by gains in the shares of Boeing Co. and Caterpillar Inc. which rallied by at least 2% on the […]

Abbott urges Trump administration to protect two key NAFTA provisions

Abbott urges Trump administration to protect two key NAFTA provisions

With the North American Free Trade Agreement again in President Donald Trump’s cross hairs, Gov. Greg Abbott on Wednesday urged the country’s top trade representative to safeguard two provisions of the pact in particular that the governor said greatly benefit Texas’ businesses and consumers. Trump threatened earlier this week to dismantle NAFTA — which he derided as Mexico’s “cash cow” […]

Police say female suspect dead, 4 injured in YouTube shooting

Police say female suspect dead, 4 injured in YouTube shooting

One person died and three people were wounded during a shooting at YouTube headquarters in San Bruno, Calif. The suspected shooter was a woman, now identified as 39-year-old Nasim Aghdam, who died of a self-inflicted gunshot wound, San Bruno Police confirmed. Emergency personnel transported three victims suffering from gunshot wounds to a hospital in nearby San Francisco. While police initially […]