Dow Jones Has First Close Above 26,000 PointsStocks are closing higher on Wall Street, sending the Dow Jones industrial average to its first close above 26,000 points.
Federal Regulator Gives OK For Bitcoin Futures To TradeThe CME Group, which owns the Chicago Mercantile Exchange, will start trading bitcoin futures Dec. 18, the company said.
Snapchat And Twitter Adopting New Looks To Gain More UsersA pair of struggling social-media darlings have decided they need to take on new looks if they want to prosper. Twitter is rolling out a 280-character limit for nearly all its users and Snapchat will undergo a revamp to make itself easier to use.
Dallas-Based Tenet Healthcare To Slash 1,300 JobsTenet Healthcare plans to cut 1,300 jobs, more than 1 percent of its workforce, in an attempt to cut costs as it reported a quarterly loss of $367 million.
JCPenney Shares Tumble After Weak Profit OutlookJ.C. Penney is issuing a weak profit forecast as it accelerated its move to slash prices on goods to clear out inventory. Shares are tumbling more than 25-percent in premarket trading.
Exxon's 3Q Profit Jumps 50 Percent, Beating ForecastsBuoyed by higher oil prices, Exxon Mobil reported Friday that third-quarter profit jumped 50 percent from a year ago to nearly $4 billion.
American Airlines 3Q Profit Falls On Higher Costs, StormsAmerican Airlines said Thursday that third-quarter profit fell on higher costs and the effect of three hurricanes, but it sees stronger pricing power ahead.
Southwest Airlines Beats 3Q Profit ForecastsSouthwest Airlines is reporting third-quarter earnings of $503 million, which was better than expected on Wall Street in a quarter in which hurricanes created travel havoc for thousands of Americans.
Hurricanes Push Down United's 3Q Profit By One-ThirdUnited Airlines' third-quarter profit fell by one-third as the carrier was rocked by hurricanes that hit its hub in Houston and other airports.
AT&T Tops Wall Street's Profit, Revenue ForecastsShares of AT&T Inc. rose Tuesday after the company's second-quarter profit and revenue beat industry analysts' projections.
Snapchat's Growth Stalls In Facebook's Shadow; Stock PlungesFacebook's shadow continues to hang over Snapchat as its parent company reported disappointing numbers. Snap Inc. had a massive loss and saw user growth continue to slow down in the first three months of the year.
American Airlines Tops 1Q Profit ForecastsAmerican Airlines Group Inc. is reporting first-quarter earnings of $234 million. On a per-share basis, the Fort Worth-based company said it had net income of 46 cents.
United's 1Q Profit Fell 69 Percent, Before Dragging IncidentThe cost of fuel, labor and maintenance all rose sharply in the first quarter, helping push United's profit down to $96 million, despite higher revenue.
Sculptor Of Wall Street's Bull Wants 'Fearless Girl' MovedThe sculptor of Wall Street's "Charging Bull" statue is demanding the removal of the "Fearless Girl" statue. He says the bull is supposed to represent "freedom in the world, peace, strength, power and love" but "Fearless Girl" has turned his work's message into something negative.
Warren Buffett Sticks To Business, Avoids Politics In LetterInvestors who wanted billionaire Warren Buffett to address the current state of the world in his annual letter to Berkshire Hathaway shareholders will likely be disappointed, but they can still take some comfort in his consistently rosy long-term outlook for the U.S. economy.