Against a backdrop of market tumult, enterprise software companies this week reported mixed quarterly results. Though Red Hat reported a robust quarter, Oracle revenue flatlined and Tibco's sales and profit declined year over year. ...
Tags: Wall Street, Red Hat, Oracle, Software Vendors
Hints that the Federal Reserve could pull back on its easing efforts later this year sent stocks broadly lower, with high-dividend-yielding stock sectors leading declines. After falling modestly in the initial minutes following the ...
The Australian dollar fell as speculation of a scaling-down in US stimulus measures boosted the greenback. At 7am AEST the local unit was trading at 94.86 US cents, down from 94.92 cents at yesterday’s local close. With the US ...
Tags: Australian Dollar, Speculation
US stocks pushed to the highest levels in nearly three weeks as investors await news on whether the Federal Reserve will pull back on its stimulus measures. Small-company stocks were among the best performers in Tuesday's rally, with the ...
The Australian dollar weakened despite another firmer finish on Wall Street. At 6.30am AEST the local unit was trading at 95.56 US cents, down from 96.21 cents at yesterday’s local close. The Australian dollar, a risk appetite ...
Tags: Australian Dollar, US Stock
Oil futures accelerated a bullish climb shortly ahead of the 2:30 p.m. EDT (1830 GMT) NYMEX market settle to close Thursday sharply higher amid rising equities and a weaker dollar. ICE July Brent expired up 76 cents at $104.25/b, after ...
Tags: Oil Futures, Chemicals
US stocks opened higher after government data said the US economy added 175,000 jobs in May. Ten minutes into trade, the Dow Jones Industrial Average was up 49.87 points, or 0.33 per cent, to 15,090.49 The broad-based S&P 500 put on ...
Tags: Serviceeconomy
Crude futures diverged late in the US trading day Wednesday, as the front-month ICE Brent contract slid from a session high of $104.07/b to a low of $102.85/b in a little over 40 minutes. ICE July Brent settled 20 cents lower at ...
Tags: Crude Markets, Chemicals, Brent
General Motors will again be listed on the Standard & Poor’s 500 Index after being removed from the American equities listing in 2009 after filing for bankruptcy in the wake of the global financial crisis. Returning to the S&P 500, ...
Tags: General Motors, S&P 500
The oil complex pushed sharply lower late in US trade Friday, extending an overnight selloff prompted by a stronger dollar, lower equities markets and OPEC's decision to roll over its 30 million b/d output target following Friday's meeting ...
Tags: Metallurgy, Mineral, Energy, Oil
Australian shares have opened half a percentage point weaker as falling commodity prices hit mining stocks, and banking shares rally. At 10.30am AEST, the benchmark S&P/ASX200 index was down 26.6 points, or 0.54 per cent, at 4900 points. ...
Tags: Stocks, Mining Stocks
The Australian dollar is lower after heavy falls on Wall Street on Friday night. At 6.30am AEST, the Australian dollar was trading at US96.18c, down from US96.41c on Friday. The currency weakened on Friday night as the US stock market ...
Tags: US Stocks, Australian Dollar
The worst month on the stockmarket in a year has taken the wind out of investors, with confidence retreating from highs earlier this year amid increasing concern about the global economy and the endgame for stimulus from central banks. ...
Tags: Stockmarket, May
Despite dismal forecasts for PCs and servers, tech stocks have been doing well on optimism about cloud technology and mobile devices. A fresh batch of dire forecasts for the hardware market came out this week, yet tech stocks have ...
Tags: Tech Stocks, Wall Street, PC
Crude futures fell to fresh lows immediately ahead of the 2:30 p.m. EDT (1830 GMT) market settle Wednesday, as the oil complex extended an overnight selloff in US trading after equity markets slid throughout the the session. NYMEX July ...
Tags: Metallurgy, Mineral, Energy, oil