SAN FRANCISCO/WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen signaled that the U.S. central bank will likely start raising borrowing costs later this year, even before inflation and wages have returned to health, but emphasized the return to ...
An employee holds a new BlackBerry Ltd. Leap smartphone for an arranged photograph at the Mobile World Congress in Barcelona. Photographer: Pau Barrena/Bloomberg.
NEW YORK (AP) - Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE.
A sell-off in technology stocks and financials pushed the S&P 500 lower for the week. Technology was one of the worst performing sectors on the benchmark index, falling more than 2.6 per cent over the week.
The U.S. economic growth slowed down in the fourth quarter as previously reported and after-tax corporate profits recorded their biggest drop since early 2011, as a strong dollar dented the earnings of multinational corporations.