U.S. oil rises after surprise inventory drop; stocks up
NEW YORK (Reuters) – Crude oil prices rose to a 15-month high on Wednesday after a surprise U.S. inventory drawdown, boosting energy shares.
Oil, earnings lift Wall Street but Intel drags
NEW YORK (Reuters) – U.S. stocks notched a second straight day of gains on Wednesday, as climbing oil prices lifted the energy sector and earnings from Morgan Stanley provided a boost to financials.
Mattel sales beat estimates as Barbie shines
(Reuters) – Mattel Inc , the largest U.S. toymaker, reported better-than-expected quarterly revenue, driven by strong demand for its flagship Barbie and Fisher-Price brands.
Fed moves to quell charges of opacity, lack of diversity
NEW YORK (Reuters) – The Federal Reserve has rolled out a series of announcements, online forums and meetings with Americans this year in response to outspoken civic groups and many Democrats, including Hillary Clinton, calling for a more transparent a…
U.S. single-family house building jumps in September, building permits up also
WASHINGTON (Reuters) – The construction of U.S. single-family housing surged in September, though a drop in apartment building pushed overall home building activity to an 18 month low.
U.S. economy shows hints of broadening wage pressures: Fed
WASHINGTON (Reuters) – The U.S. economy showed some signs of rising wage pressures in September and early October but overall compensation growth remained modest, the Federal Reserve said on Wednesday, a further sign of the cloudy outlook facing Fed po…
Facebook adds food ordering feature
(Reuters) – Facebook Inc said users in the United States would be able to order food through the Facebook pages of restaurants starting on Wednesday as part of its efforts to connect users and businesses.
Airbnb touts policy proposals as new regulations loom
SAN FRANCISCO (Reuters) – Airbnb promoted a series of policy proposals on Wednesday that the home rental company said would address concerns raised by officials in New York and San Francisco over how the company operates.
Atlanta Fed raises U.S. third-quarter GDP growth view to 2.0 percent
NEW YORK (Reuters) – The U.S. economy is on track to grow at a 2.0 percent annualized pace in the third quarter following the latest data on government expenditures, the Atlanta Federal Reserve’s GDP Now forecast model showed on Wednesday.
Morgan Stanley profit jumps on bond-trading comeback
(Reuters) – Morgan Stanley reported a better-than-expected profit on Wednesday, boosted by a surge in bond trading that helped all Wall Street banks last quarter.
