U.S. stocks edged higher in morning trading Wednesday, led by gains in energy companies. The price of crude oil climbed back above $70 a barrel a day after the U.S. moved to withdraw from a nuclear accord with Iran. Technology stocks also rose. Banks gained as bond yields headed higher. Apparel makers, retailers and homebuilders were among the laggards.KEEPING SCORE: The S&P 500 index rose 6 points, or 0.2 percent, to 2,678 as of 11:26 a.m. Eastern Time. The Dow Jones industrial average gained 7 points to 24,368. The Nasdaq added 8 points, or 0.1 percent, to 7,275. The Russell 2000 index of smaller-company stocks fell 1 point, or 0.1 percent, to 1,585.ENERGY: Oil prices rebounded a day after the Trump administration moved to withdraw the U.S. from a 2015 nuclear accord with Iran and reinstate sanctions on the country. Benchmark U.S. crude oil climbed $1.91, or 2.8 percent, to $70.97 per barrel in New York. Brent crude, which is used to price international oils, gained $2.18, or 2.9 … [Read more...] about Energy companies lead US stocks slightly higher; oil surges
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Trump keeps U.S. allies on edge ahead of steel tariffs deadline
Democracy Dies in Darkness Sections Home Try 1 month for $1 Username Sign In Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Subscribe Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Accessibility for screenreader Business President Trump speaks during an April 27 news conference with German Chancellor Angela Merkel in the East Room of the White House. (Evan Vucci/AP) by Steven Mufson and Damian Paletta by Steven Mufson and Damian Paletta Email the author April 30 at 4:30 PM Email the author President Trump on Monday neared a midnight deadline for one of the most consequential economic decisions of his presidency, whether to exempt key allies from steel and aluminum tariffs, but both cabinet members and foreign leaders remained unsure how the commander in chief will proceed. “The president has not made any decision yet,” … [Read more...] about Trump keeps U.S. allies on edge ahead of steel tariffs deadline
Channeling ‘The Social Network,’ lawmaker grills Zuckerberg on his notorious beginnings
Democracy Dies in Darkness Sections Home Subscribe Try 1 month for $1 Username Sign In Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Subscribe Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Accessibility for screenreader The Switch by Alex Horton by Alex Horton Email the author April 11 Email the author You wouldn’t be alone if you watched the 2010 film “The Social Network” to prepare for Mark Zuckerberg’s testimony before Congress this week. “What was FaceMash, and is it still up and running?” Rep. Billy Long (R-Mo.) asked Facebook’s chief executive, who faced questions before the House Energy and Commerce Committee on Wednesday. The company had struggled to address widespread concerns about how it handles data and sows political turmoil across the world, triggering possible … [Read more...] about Channeling ‘The Social Network,’ lawmaker grills Zuckerberg on his notorious beginnings
Facebook CEO Zuckerberg aims to pacify U.S. lawmakers
SAN FRANCISCO/WASHINGTON (Reuters) - Facebook Inc (FB.O) Chief Executive Mark Zuckerberg will strike a conciliatory tone on Tuesday in testimony before Congress as he looks to fend off the possibility of new regulations as a result of the privacy scandal engulfing his social network. The 33-year-old internet mogul is set to appear in Washington before a joint hearing of the U.S. Senate’s Commerce and Judiciary committees some 15 or 20 minutes after the originally scheduled time of 2:15 p.m. (1815 GMT) because of a Senate vote. Four hours before the hearing, more than 45 people waited in a line inside the Hart Senate Office Building, set off by velvet ropes, stretching from the briefing room down a corridor. Some brought folding chairs, while others stood or sat on the floor. Zuckerberg, who founded Facebook in his Harvard University dorm room in 2004, is fighting to demonstrate to critics that he is the right person to go on leading what has grown into one of the … [Read more...] about Facebook CEO Zuckerberg aims to pacify U.S. lawmakers
Facebook CEO Mark Zuckerberg aims to pacify U.S. lawmakers
SAN FRANCISCO/WASHINGTON (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg will strike a conciliatory tone on Tuesday in testimony before Congress in an attempt to blunt possible regulatory fallout from the privacy scandal engulfing his social network. The 33-year-old internet mogul is scheduled to appear at 2:15 p.m. (1815 GMT) before a joint hearing of the U.S. Senate’s Commerce and Judiciary committees. Zuckerberg, who founded Facebook in his Harvard University dorm room in 2004, is fighting to demonstrate to critics that he is the right person to go on leading what has grown into one of the world’s largest companies. Facebook faces a mushrooming crisis of confidence among users, advertisers, employees and investors after acknowledging that up to 87 million people, mostly in the United States, had their personal information harvested from the site by Cambridge Analytica, a political consultancy that has counted U.S. President Donald Trump among its clients. … [Read more...] about Facebook CEO Mark Zuckerberg aims to pacify U.S. lawmakers