Industry News

03/09/2018 - NewsWatch: Dow closes above 25,000 while Nasdaq finishes at a record as stocks rally
The Dow closes above the 25,000 mark and the Nasdaq ends at a record on Friday as Wall Street appeared to shake off worries about tariffs on steel and aluminum to focus on the jobs report that came in stronger than had been estimated.
03/09/2018 - Veterans home in California on lockdown after reports of gunfire, hostages
Residents of a veterans’ home in Yountville, Calif., are told to shelter in place after reports of gunfire and a hostage situation.
03/09/2018 - Key Words: Goldman’s Blankfein says reading report of his imminent retirement was like Huckleberry Finn listening to his own eulogy
Goldman Sachs Group Inc. CEO Lloyd Blankfein on Friday offers one terse tweet in response to a report that he may announce his retirement as early as the end of 2018.
03/09/2018 - Market Snapshot: Dow closes above 25,000 while Nasdaq finishes at a record as stocks rally
The Dow closes above the 25,000 mark and the Nasdaq ends at a record on Friday as Wall Street appeared to shake off worries about tariffs on steel and aluminum to focus on the jobs report that came in stronger than had been estimated.
03/09/2018 - Currencies: Dollar index on track for 3rd weekly gain in a row, despite post-jobs report softness
The U.S. dollar weakens against many of its main rivals on Friday, following a February jobs report that showed stronger jobs growth but weaker wage growth.
03/09/2018 - ESPN's Michael Smith leaves 'SportsCenter'
ESPN's makeover of the 6 p.m. "SportsCenter" was already as good as dead. Friday will be its funeral.
03/09/2018 - Bond Report: Treasury yields climb after strong jobs growth keeps Fed on track
Treasury yields rose on Friday after closely watched jobs report showed strong jobs gains but a muted wages number
03/09/2018 - The Wall Street Journal: Florida Gov. Rick Scott signs gun bill that includes 3-day waiting period, raises age minimum
Florida Gov. Rick Scott on Friday signed into law a bill that includes the first significant gun restrictions in the firearm-friendly state in decades, nearly a month after the deadly school shooting at Marjory Stoneman Douglas High School in Parkland, Fla.
03/09/2018 - Dow surges 441 points on strong jobs report
Read full story for latest details.
03/09/2018 - The Tell: When will bitcoin’s bloodletting cease? Fundstrat’s Lee turns to the ‘Bitcoin Misery Index’ for answers
The viscous selloff in bitcoin has even the biggest bulls scratching their heads. With a fall of more than 20%, and a raft of negative press, investors are searching for a signal to buy this dip.
03/09/2018 - Lloyd Blankfein is reportedly planning to leave Goldman Sachs
Read full story for latest details.
03/09/2018 - The Wall Street Journal: Trump’s lawyers seek deal with Mueller to spur end of Russia probe
President Donald Trump’s lawyers are seeking to negotiate a deal with special counsel Robert Mueller that uses an interview with the president as leverage to spur a conclusion to the Russia investigation, according to a person familiar with the discussions.
03/09/2018 - The Fed: Rand Paul, struggling to get vote on his ‘Audit the Fed’ measure, blames central bank for impasse
Sen. Rand Paul, Republican from Kentucky, is struggling to get a Senate floor vote on his bill to audit the Federal Reserve.
03/09/2018 - Are Trump's tariffs legal?
Read full story for latest details.
03/09/2018 - CryptoWatch: Alt-coin traders share their portfolio-of-horror stories
Bitcoin’s whipsaw reversal has been well-chronicled, but it’s the other digital currencies Reddit members were talking about when someone suggested, “Let’s play a game called ‘How much down is your (alt) portfolio?’”
03/09/2018 - Futures Movers: Oil gains for the week, buoyed by potential U.S.-North Korea meeting
Oil prices get a boost on Friday, notching a gain for the week, as the possibility of a meeting between the U.S. president and North Korea’s leader helped remove some geopolitical risk from the crude market.
03/09/2018 - The Fed: Strong job growth not enough to push Fed to get more aggressive on interest rate hikes
Despite the eye-popping jump in U.S. nonfarm payrolls in February, the Fed can stick to a gradual path, analysts said Friday.
03/09/2018 - Capitol Report: Turns out the ‘great inflation scare of 2018’ didn’t happen. Wages still not rising rapidly
Remember the spike in wages in January that sparked a selloff in stock markets and sent U.S. interest rates surging? Well, “the great inflation scare of 2018” apparently didn’t happen after all.
03/09/2018 - Economic Report: U.S. adds 313,000 jobs in February in biggest gain in a year and a half
The U.S. added 313,000 new jobs in February, the biggest increase in a year and a half and more evidence of an economy firing on all cylinders.
03/09/2018 - KFC asks supplier it ditched to help fix menu fiasco
Read full story for latest details.