Economy The Bank of England has cut interest rates from 0.5% to a record low of 0.25%amid uncertainty over the Brexit process and worries about productivity and economic growth. It’s the first cut since 2009. The Bank has also announced a range of measures to stimulate the economy and made ... Read More »
The Latest on the 2016 presidential campaign (all times EDT): 12:40 p.m. House Speaker Paul Ryan says Donald Trump could cross a line that would prevent the speaker from backing him, but “Where that line is, I don’t know.” Ryan reiterated his stance Friday that “With any endorsement of anybody, ... Read More »
Shares of Bristol-Myers Squibb were hit hard in pre-market trading Friday after news that its blockbuster cancer drug failed a key clinical trial. The drug, called Opdivo, is one of a new set of drugs called immunotherapy. The drug targets the programmed cell death 1 (or PD-1) receptor to essentially ... Read More »
The Latest on the 2016 presidential campaign (all times EDT): 2:20 p.m. Hillary Clinton’s running mate says a federal court ruling in Wisconsin that overturned a number of voting restrictions approved by Republicans will allow more people to vote. Tim Kaine said at a campaign rally Friday in Milwaukee that ... Read More »
Stocks rise Stocks are climbing in midday trading on Wall Street after a strong July jobs report gave investors more confidence that the economy is still growing. Bank stocks rose on the prospect of higher interest rates and consumer companies rose as investors hope consumers will have more money to ... Read More »
If anyone has the urge to use a VCR, this will be your last chance to get one before they officially become a relic. Japanese manufacturer Funai Electroc Co. will discontinue production of the machines at the end of July. The advancement of technology and changing viewing habits have led ... Read More »
Hillary Clinton’s post-convention lead over Donald Trump has continued to grow as more polls have come in, according to our models. Check our forecasts for the latest numbers. Initial polls conducted after the Democratic National Convention suggest that Hillary Clinton has received a convention bounce. In fact, it appears likely ... Read More »
Two inmates held a hostage and a Chicago-area maximum-security jail in a standoff for several hours on Thursday, police said. The inmates tore down the security cameras and spread soapy water on the floor of their tier, then took another inmate hostage by using a sharp object. The sheriff’s department ... Read More »
The wildfire in Northern California has grown to scorch nearly 30,000 acres, destroy 51 structures and killed one person, fire officials said Thursday. The Soberanes Fire north of Big Sur has burned 29,877 acres and remains just 15 percent contained while firefighters in Southern California have managed to get the ... Read More »
Offshore rig company Transocean revealed it started on a new contract for drilling in the deep waters of the U.S. Gulf of Mexico, though at a reduced day rate. The company issued its latest fleet status report, showing one of its rigs, Sedco 702, was held for sale, while its ... Read More »
Meg Whitman, a Silicon Valley executive and onetime California gubernatorial candidate, on Tuesday joined a growing list of high-profile Republicans to forcefully denounce Donald Trump and declare they will vote for Hillary Clinton in November. Calling the Republican presidential nominee a “dishonest demagogue” in a New York Times interview , Whitman said ... Read More »
Lackluster earnings reports out early Wednesday balanced against assessments on the market trajectory to leave crude oil prices in mixed territory. Hess Corp. and Norwegian energy company Statoil were among those reporting weak results in their latest disclosures. This year saw crude oil prices so far drop below $30 per ... Read More »
