Wall Street higher on tech gains; Fed decision awaited

(Reuters) – U.S. stocks inched higher on Wednesday powered by technology stocks but shares of big banks lost steam ahead of a widely-expected interest rate hike in the afternoon. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., December 1, 2017. REUTERS/Brendan McDermid Tech stocks lifted major Wall Street More...

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By admin On Tuesday, December 12th, 2017
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S&P, Dow at record levels as Boeing, bank stocks gain

(Reuters) – The S&P and the Dow hit record levels in early afternoon trading on Tuesday as Boeing rose and bank stocks gained ahead of a near certain move by the Federal Reserve to raise interest rate. More...

By admin On Monday, December 11th, 2017
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Bitcoin futures suggest breakneck rise in price to slow

NEW YORK/LONDON (Reuters) – Newly launched bitcoin futures on Monday suggested that traders expect the cryptocurrency’s blistering price gains to slow in the coming months, even as it blasted above $ 17,000 More...

By admin On Sunday, December 10th, 2017
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Bitcoin futures race higher in volatile launch, dollar steady

SYDNEY (Reuters) – Futures in bitcoin, which has taken global financial markets by storm, got off to a volatile start at its launch, while the dollar kept gains in Monday’s Asian session on expectations More...

By admin On Saturday, December 9th, 2017
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VW executive convicted in U.S. may seek transfer to Germany: Welt am Sonntag

BERLIN (Reuters) – Volkswagen (VOWG_p.DE) executive Oliver Schmidt, convicted in the United States this week for his role in the German carmaker’s emissions scandal, may ask to serve his prison sentence More...

By admin On Saturday, December 9th, 2017
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Bitcoin drops after dramatic gains ahead of futures launch

LONDON/NEW YORK (Reuters) – Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price More...

By admin On Friday, December 8th, 2017
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Bitcoin plummets more than 12 percent to below $15,000

TOKYO (Reuters) – Bitcoin tumbled more than 12 percent in volatile Asian trading on Friday, dropping below the $ 15,000 level after touching a record high above $ 16,000 earlier in the session. FILE More...

By admin On Thursday, December 7th, 2017
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Stock futures sluggish; eyes on tax bill talks and General Electric

(Reuters) – U.S. stock futures pointed to a dull opening on Thursday with technology stocks holding on to their modest gains as traders focus on progress in tax bill negotiations and General Electric’s job-cut More...

By admin On Wednesday, December 6th, 2017
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Tech stocks rise in choppy Wall Street trading

(Reuters) – Wall Street treaded water in choppy morning trading on Wednesday with gains in technology stocks offsetting losses in financial shares. Traders work on the floor of the New York Stock Exchange More...

By admin On Tuesday, December 5th, 2017
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Nestle to buy vitamin maker Atrium Innovations for $2.3 billion

LONDON (Reuters) – Nestle is buying Canadian vitamin maker Atrium Innovations for $ 2.3 billion, expanding its presence in consumer healthcare as it seeks to offset weakness in packaged foods. FILE PHOTO: More...