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US Futures Higher As Central Bankers Retreat To Jackson Hole This Week

US Futures Higher As Central Bankers Retreat To Jackson Hole This Week

US markets will be looking toward the keynote speech from Federal Reserve chief Janet Yellen and European Central Bank (ECB) chief Mario Draghi, as bankers retreat to Jackson Hole, WY. Central bankers from around the world will convene at the mountainous retreat to discuss policy that could set the mood […]

United States Oil Fund (USO) Down In Early Trading After OPEC Meeting

United States Oil Fund (USO) Down In Early Trading After OPEC Meeting

The Organization of Petroleum Exporting Countries (OPEC) met in Vienna. As expected the oil and gas cartel decided to stay firm on its decision of maintaining output at 30 million barrels of oil equivalent per day. The cartel highlighted that it would stick to this policy for the next six […]

Strong Fourth Quarter Results Posted by Facebook

Strong Fourth Quarter Results Posted by Facebook

Facebook is expanding at an incredible pace propelling it to better challenge Google as the most powerful Internet company. The fourth quarter Facebook report last Wednesday provided the most recent gauge of the impressive strides made by the social media company. It was the first time Facebook’s revenue for a […]

Strong Private Payroll Data in the U.S. Shows Economy’s Resilience

Strong Private Payroll Data in the U.S. Shows Economy’s Resilience

Private companies in the U.S. added workers at a strong rate during December, which pointed to the underlying strength of the economy despite the signs that there has been a slowdown in growth during the fourth quarter. On Wednesday, other data showed a bit of moderation in the sector of […]

Strong Holiday Sales for TJX Help Off-Price Retailer

Strong Holiday Sales for TJX Help Off-Price Retailer

TJX Cos, Inc, the owner of Marshalls and T.J. Maxx retail chains that specialize in off prices, posted quarterly sales that were higher than had been expected, as it was able to attract more shoppers who were hungry for bargains during the holiday shopping season. TJX also announced that it […]

Intel Completed Biggest Acquisition To Date (NASDAQ:INTC)

Intel Completed Biggest Acquisition To Date (NASDAQ:INTC)

Intel Corp. has announced that it has completed its acquisition of Altera Corp. The Santa Clara, Calif.-based chip giant announced the Altera deal at the end of May. The $16.7 billion purchase of Altera makes Intel the second-largest maker of chips that can be programmed after leaving the factory. Under […]

Protestors Arrested at McDonald’s Headquarters

Protestors Arrested at McDonald’s Headquarters

McDonald’s ProtestorsA day before the McDonald’s annual shareholders meeting, police arrested 139 protesters outside McDonald’s world headquarters in Oak Brook, Ill. The protestors were arrested for criminal trespassing. Workers chanted “Hey McDonald’s You Can’t Hide, We Can See Your Greedy Side,” and “No Big Macs, No Fries, Make our Wage […]

BASF Working On Weighing Counter Offer for DuPont

BASF Working On Weighing Counter Offer for DuPont

BASF SE is currently working with different advisers and banks determining the merits of a counter bid for DuPont Co, the chemical company worth $55 billion that had agreed to a merger with Dow Chemical back in December, said people familiar with the matter. The chemical producer based in Germany […]