Wall Street rises as tech earnings impress, yields pull back
(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.
More parcels, higher prices lift UPS profit but costs soar
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…
ConocoPhillips profit tops estimates on rising oil prices, cost cuts
HOUSTON (Reuters) – ConocoPhillips , the world’s largest independent oil and gas exploration and production company, posted a bigger-than-expected first-quarter profit on Thursday, helped by rising crude prices and cost cuts.
Results soothe nerves over scandal-hit Facebook
(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.
Nasdaq up 1 percent as tech earnings impress, yields pull back
(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.
U.S. business spending on equipment slowing; job market strong
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 th…
Deutsche Bank fired 300 U.S.-based investment bankers on Wednesday: source
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.
U.S. weekly jobless claims fall to lowest level since 1969
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.
Time Warner revenue beats on strong growth in Turner
(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.
Stocks, euro tip-toe higher ahead of ECB news conference
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.
