News

PNC Raises Dividend by 6%
PNC Financial Services has followed through on a plan to raise its dividend by 6% to $1.70 a share. The bank holding company said Thursday that the 10-cent raise will go into effect for dividends ...
Fed's Bostic says he doesn't see signs of serious weakening in labor market
While there is some evidence of slowing conditions, there are no signs of serious U.S. labor market deterioration, Atlanta Fed President Raphael Bostic said Thursday. In a speech in Frankfurt, Germany ...
Jobs are harder to find. The case for bonds is strong, says BlackRock
When the economy looks to be softening, income works for a portfolio. That's the main takeaway from June's jobs report, according to Rick Rieder, BlackRock’s chief investment officer of global fixed ...
The sectors powering jobs growth may lose steam through the year: ING
While the June jobs report came in stronger than expected, the details were less positive, with the private payrolls increasing just 74,000, lower than the expectation of a 100,000 gain, according to ...
Stocks continue to climb ahead of early closing bell; S&P 500, Nasdaq touch fresh intraday records
Stocks extended their advance on Thursday as the early closing bell approached, bolstered by strong economic data that has cast doubt on the likelihood of an interest-rate cut from the Federal Reserve ...
DeFi Development Shares Rise After $2.72M Solana Purchase
DeFi Development shares surged after the company said it bought $2.72 million worth of Solana cryptocurrency, which it says it has resumed accumulating. Shares climbed 10% to $22.51 on Thursday. The ...
US To Sell $50 Bln In Reopened 6-Week Bills Tue
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing ...
U.K. Competition Watchdog Seeks Feedback on Tweaked Transatlantic Airline Deal
The airline agreement started in 2010 with a deal between American Airlines, British Airways and Iberia before the latter two merged, forming the holding company IAG. Finnair joined the agreement in ...
Better-than-expected June ISM figures produce a brief pop in Treasury yields
Thursday's release of a slightly better-than-expected services-sector reading for June from the Institute of Supply Management briefly extended this morning's rise in Treasury yields. The ...
Travelers, Boeing share gains lead Dow's 368-point jump
The Dow Jones Industrial Average is trading up Thursday morning with shares of Travelers and Boeing seeing positive gains for the price-weighted average.
Gold is down — but not out — after strong jobs report
Rate-cut expectations likely explain Thursday’s fall in gold prices, as the stronger-than-expected June U.S. jobs report reduced expectatio ...
Biggest part of the U.S. economy rebounds from trade-war blues. But it’s still weak.
The large service side of the economy rebounded in June after a brief slump in the prior month when U.S. trade wars were at ...