Current Market News

Reuters: Business News

UPS first-quarter profit tops estimates as revenue rises

Apr 27 2017
(Reuters) - United Parcel Service Inc reported a higher-than-expected quarterly net profit on Thursday as revenue grew across its domestic and international package delivery segments and as well as freight and supply chain operations.

Trump says 'will renegotiate' NAFTA deal with Canada, Mexico

Apr 27 2017
WASHINGTON (Reuters) - President Donald Trump expressed optimism on Thursday the United States, Canada and Mexico can successfully renegotiate a trade accord he deems unfair to American interests but vowed to scrap the 23-year-old pact if a "fair deal for all" cannot be reached.

U.S. business spending likely gained momentum in first quarter

Apr 27 2017
WASHINGTON (Reuters) - New orders for U.S.-made capital goods rose less than expected in March, but a second straight monthly increase in shipments suggested business investment accelerated in the first quarter amid a recovering energy sector.

Tech earnings power Nasdaq to record high; S&P, Dow flat

Apr 27 2017
(Reuters) - The Nasdaq hit a record intraday high on Thursday, powered by a string of strong earnings from technology companies, while the S&P 500 and the Dow were little changed.

Congress takes steps to push budget deadline, avert shutdown

Apr 27 2017
WASHINGTON (Reuters) - The U.S. Congress began moving to extend Friday's budget deadline until May 5 and was expected to pass legislation allowing more time to finalize a spending deal to fund the federal government through September and avoid a shutdown.

Apple in talks to launch money-transfer service: Recode

Apr 27 2017
(Reuters) - Apple Inc has held talks with payments industry partners about launching a money-transfer service, technology news website Recode reported on Thursday.

Dow Chemical eyes consumer markets as it readies for DuPont merger

Apr 27 2017
(Reuters) - Dow Chemical Co forecast better-than-expected revenue for the current quarter and said it would expand four key consumer businesses, which will be part of a new firm created after its proposed merger with DuPont .

U.S. economy likely barely grew in first quarter: Atlanta Fed

Apr 27 2017
NEW YORK (Reuters) - The U.S. economy likely expanded at just a 0.2 percent annualized pace in the first quarter, following weaker-than-forecast data on durable goods orders and advance data for the goods trade balance in March, the Atlanta Federal Reserve's GDP Now forecast model showed on Thursday.