Friday, 29 December 2017

Oil closes above $60 a barrel for the first time in 2.5 years

Crude oil prices closed at their highest level in two and a half years after a pipeline explosion in Libya.
CNNMoney Markets Now
 
Dow Nasdaq S&P
-118.29   -46.77   -13.93
24,719.22   6,903.39   2,673.61
-0.48%   -0.67%   -0.52%
YTD +25.08%   YTD +28.24%   YTD +19.42%
 
Biggest Winners
NRG Energy Inc +1.68%
 
Martin Marietta Materials Inc +1.65%
 
National Oilwell Varco Inc +1.49%
 
Signet Jewelers Ltd +1.13%
Biggest Losers
Under Armour Inc -7.02%
 
Under Armour Inc -5.80%
 
Range Resources Corp -3.12%
 
KLA-Tencor Corp -2.58%
Hottest ETF
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NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $60.08 +0.24 / +0.40%
Gold $1,304.60 +7.40 / +0.57%
10-yr 2.41% -0.03 / -1.11%
Euro $1.20 +0.01 / +0.45%
News: What you need to know about the markets
 
 
Oil closes above $60 a barrel for the first time in 2.5 years
Crude oil prices closed at their highest level in two and a half years after a pipeline explosion in Libya. Read more »
 
Argentina's currency nosedives again this year
Argentina's currency, the peso, suffered another bruising year, down 15% in 2017. A mix of political and economic setbacks, despite some victories, drove the currency down. Read more »
 
It was an epic year for stocks
The Dow raced 25% higher in 2017, getting even closer to 25,000 and making this year its best since 2013. Read more »
 
U.S. consumer confidence remains near 17-year high
Consumer confidence in the United States remained near a 17-year high in December, according to the Conference Board. Read more »
 
Tax overhaul costs Goldman Sachs $5 billion
Goldman Sachs is forecasting that changes to U.S. tax rules will lead to a $5 billion hit in 2017. Read more »
 
The top global stock markets of 2017
U.S. stocks had a great year. But so did markets in Argentina, Nigeria, Turkey and Hong Kong. Read more »
 
 
 
 
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Breaking business news: Wall Street quiet on last trading day of a strong year

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Friday, December 29, 2017
Wall Street quiet on last trading day of a strong year
NEW YORK (Reuters) - There were no fireworks on Wall Street for the last trading day of the year, as U.S. stocks closed out their best year since 2013 on a down note, with losses in technology and financial stocks keeping equities in negative territory for the session.
Trump wants Postal Service to charge 'much more' for Amazon shipments
SEATTLE/WASHINGTON (Reuters) - President Donald Trump called on the U.S. Postal Service on Friday to charge "much more" to ship packages for Amazon , picking another fight with an online retail giant he has criticized in the past.
Goldman warns of $5-billion earnings hit from U.S. tax law
(Reuters) - Goldman Sachs Group Inc said on Friday it would take a $5 billion earnings hit in the fourth quarter for the new U.S. tax law, becoming the first major U.S. bank to detail the law's one-time impact on corporate profits held overseas.
Pershing Square, Valeant arrive at settlement split for Allergan lawsuit
(Reuters) - Activist investor William Ackman's Pershing Square and Valeant Pharmaceuticals on Friday decided to pay $290 million to settle a lawsuit that accused them of insider trading before bidding for Allergan Plc in 2014.
BA owner IAG to buy insolvent Austrian holiday airline Niki
FRANKFURT (Reuters) - British Airways' owner IAG said on Friday it would buy Niki, Air Berlin's insolvent Austrian holiday airline, for 20 million euros ($24.01 million) and provide additional liquidity to the company of up to 16.5 million euros.
Brazilian regulator accuses Petrobras ex-executives of graft
SAO PAULO (Reuters) - Brazil's securities regulator formally accused eight former executives of state-run oil company Petroleo Brasileiro SA of corruption on Friday, as the world's largest graft investigation stretches deep into its third year.
AT&T says all U.S. states will use its public safety netwowrk
NEW YORK (Reuters) - AT&T Inc said on Friday that all 50 U.S. states had decided to participate in the nationwide broadband network it is building for first responders as part of a $6.5 billion government contract.
Gold soars toward largest annual gain since 2010 on dollar boost
NEW YORK/LONDON (Reuters) - Gold extended its rally to a three-month high on Friday, leaping toward its biggest one-year rise in seven years as a wilting U.S. dollar, political tensions and receding concerns over the impact of U.S. interest rate hikes fed into its rally.
Amazon ordered not to pull in customers who can't spell 'Birkenstock'
A German court has ordered Amazon not to lure internet shoppers to its online marketplace when they mistakenly search for "Brikenstock", "Birkenstok", "Bierkenstock" and other variations in Google.
Airbus sprints from behind in bid to upset Boeing order lead
PARIS (Reuters) - Airbus is pulling out the stops to try and take the lead in its annual order contest with Boeing, lining up a spree of multi-billion-dollar deals to close a traumatic year haunted by management upheaval and corruption investigations.
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