HTC launches a cheaper version of its blockchain phone
HTC’s Exodus 1s smartphone comes packed with cryptocurrency-related features. HTC HTC is bringing out a cheaper version of its blockchain-friendly smartphone in a bid to entice the people hesitant about buying cryptocurrencies and expensive flagships from the likes of Apple...
Stocks will likely hit new records in the week ahead if earnings keep topping expectations
Stocks will try in the week ahead to break the all-time highs set earlier in the year as a slew of S&P 500 companies get set to report. The S&P 500 and Dow Jones Industrial Average are both around 1%...
Here’s what happened to the stock market on Friday
Dow Jones Industrial Average falls 255 points Boeing, JNJ and Netflix zap market’s earnings enthusiasm Sharp declines in Boeing and Johnson and Johnson were a drag on the Dow. Boeing fell 6.79% after the Federal Aviation Administration said the aerospace...
Jamie Dimon says Facebook’s libra is ‘a neat idea that’ll never happen’
J.P. Morgan Chase CEO Jamie Dimon is not bullish on the future of Facebook’s libra cryptocurrency. “It was a neat idea that’ll never happen,” Dimon said Friday at a conference in Washington, D.C. Dimon’s comments come as a raft of...
Morgan Stanley downgrades Caterpillar, says the stock is running ‘out of steam’
An employee assembles an excavator at the Caterpillar Inc. manufacturing facility in Victoria, Texas. Callaghan O’Hare | Bloomberg | Getty Images Caterpillar shares were downgraded Friday by an analyst at Morgan Stanley amid concerns around two of the industrial’s key...
Stocks making the biggest moves after hours: E-Trade, AT&T, Intuitive Surgical & more
Pedestrians pass in front of an E-Trade location in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of E-Trade whipsawed during extended trade Thursday, initially climbing 4% before settling more than 1%...
GM strike pushed US factory output down 0.5% in September
A worker assembles components on a diesel engine at the Cummins Seymour Engine Plant in Seymour, Indiana, Jan. 29, 2019. Luke Sharrett | Bloomberg | Getty Images U.S. factory output slumped 0.5% in September, as a strike at General Motors...
US weekly jobless claims rise modestly
The number of Americans filing applications for unemployment benefits rose marginally last week, suggesting the labor market continues to tighten despite slowing hiring and economic growth. Initial claims for state unemployment benefits increased 4,000 to a seasonally adjusted 214,000 for...
US housing starts fall from a 12-year high
Sam Hodgson | Bloomberg | Getty Images U.S. homebuilding tumbled from a more than a 12-year high in September, but single-family home construction rose for a fourth straight month, suggesting the housing market remains supported by lower mortgage rates even...
Fed’s Evans says no more rate cuts are needed through 2020
Chicago Federal Reserve President Charles Evans agrees with the two interest rate cuts this year but thinks that’s probably enough for now. As markets anticipate another reduction later this month, Evans, a voting member of the Federal Open Market Committee,...
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