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Stocks & Bonds

S&P 500 Posts 0.6% Weekly Gain as Telecom, Consumer Staples Climb But Energy, Materials Weigh

The Standard & Poor’s 500 index rose 0.6% this week, with the telecommunications and consumer-staples sectors leading to the upside while the energy and materials sectors weighed amid declines in related commodities. The market benchmark ended the week at 2850.13, up from last week’s closing level of 2,833.28. The weekly gain came as many sectors were boosted throughout the week […]

Dow Jumps to Six-Month High as US Stocks Rally on Trade Talk Optimism

Hess’ Southeast Asian Offshore Natural Gas Assets Attract Bidders

The offshore natural gas assets of Hess Corp. (HES), estimated to be worth as much as $5 billion, have attracted bids from several energy firms, Reuters reported, citing sources. The New York-based company has a collection of gas fields in the North Malay Basin in offshore Malaysia and in the Malaysia-Thailand Joint Development Area. It has not yet decided whether […]

Apple Said to Pull 25,000 Apps From China App Store

Apple (AAPL) shares were barely higher pre-market Monday after the Wall Street Journal reported that the technology giant has removed as many as 25,000 illegal apps or 1.4% of the total apps sold at its App Store in China. The removed apps sold fake lottery tickets and provided gambling services. The company had recently come under fire from state media […]