NEW YORK — The Nasdaq composite index shot 2 percent higher Wednesday, powered by a surge in Apple. The iPhone maker’s stock climbed $50 after the company once again blew past Wall Street’s profit forecasts.
As quickly as possible people should move to their home’s storm cellar or place themselves in the bathtub with a mattress on top so as to shield themselves from the rapidly approaching economic storm. Or so the message would seem to be, according to many economists, after the Labor Department’s “disappointing” labor market reports last Friday. Fortunately, the stock market was closed for Good Friday observances so the ensuing panic was stalled for a few days.
NEW YORK — AOL’s $1 billion deal to sell and license patents to Microsoft is another in a series of “Antiques Roadshow” moments in the technology world. Faded companies have been rummaging through their assets recently, and some of them have found musty old patents that turn out to be worth a great deal.
WASHINGTON — The number of people seeking U.S. unemployment benefits fell to a four-year low last week, suggesting employers kept hiring in March at a healthy pace.
NEW YORK — Major stock indexes dipped Tuesday as weak readings on consumer confidence gave investors little reason to extend the recent rally.
NEW YORK — U.S. stocks struggled for direction Monday, unsure of what to make of news about Greece’s debt workout and eclectic announcements from a few well-known U.S. companies, such as mattress maker Sealy and luxury retailer Michael Kors.
WASHINGTON — North Korea raised hopes Wednesday for a major easing in nuclear tensions under its youthful new leader, agreeing to suspend uranium enrichment at a major facility and refrain from missile and nuclear tests in exchange for a mountain of critically needed U.S. food aid.
SAN FRANCISCO — For all the huge numbers in Facebook’s IPO papers, a surprisingly small figure stands out: $4.39, the amount the site generated per user last year.