U.S. stock-index futures turned higher in a holiday-shortened session after a solid March jobs report, though investors won’t fully digest the data until next week with cash trading in equities closed due to the Good Friday holiday. Trading in stock-index futures closed at 9:15 a.m. Eastern. Stock-index futures resume trading…
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Gold prices ended lower on Thursday for a second day in a row, but posted a sixth straight weekly gain for the holiday-shortened week and remained within striking distance of the yellow metal’s all-time closing high for a most-active futures contract.Price actionMarket drivers Gold’s pullback Thursday is “likely related to…
Ciena Corp. reaffirmed its outlook Thursday after optical-networking component maker Lumentum Holdings Inc. lowered its own forecast the previous afternoon, citing an order cancellation from a major customer. See also: Lumentum stock sinks nearly 10% after forecast revision Networking company Ciena CIEN continues to expect $1.035 billion... Source
The offices of asset manager BlackRock were invaded in Paris on Thursday, part of broader protests that have gripped France in response to pension reforms. One video circulating shows protesters entering the building. And another shows protesters outside. Reuters... Source
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A downward spiral of commercial property prices can hurt sectors beyond the real-estate industry, warns Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management. Morgan Stanley analysts think commercial property prices could tumble as much as 40%, nearing declines seen in the aftermath of the 2008 global financial crisis.…
Dear Quentin, My dad died in September in Pennsylvania (although he was a Florida resident), and my stepmother insists there is no will and no estate, but then she texted to say that my father wanted me to inherit an account that listed my late mother as beneficiary. The insurance…
Shares of Levi Strauss & Co. suffered their worst day on record Thursday, after the jeans maker topped revenue and profit expectations for its latest quarter but continued to deal with high inventory levels. Levi’s LEVI stock declined 16% on Thursday, its worst daily percentage decline since the San Francisco-based…
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