Tag: Wall Street

San Francisco: Embroiled in a massive data breach controversy, Facebook has beaten Wall Street’s estimates by raking in $11.97 billion in revenue for the first quarter of 2018. The social media giant reported $4.98 billion in profit — up from $4.26 billion in the last quarter. “Despite facing important challenges, our community continues to grow. […]

New York: US stocks closed higher as Wall Street braced for a busy week, featuring a new wave of corporate results. The Dow Jones Industrial Average was up 11.06 points, or 0.04 percent, to 26,554.39 on Monday. The S&P 500 rose 3.15 points, or 0.11 percent, to 2,943.03. The Nasdaq Composite Index increased 15.46 points, […]

New York: US oil prices turned negative on Monday for the time in history. West Texas Intermediate crude for May delivery shed more than 300 per cent to settle at -37.63 USD per barrel on the New York Mercantile Exchange. What it means is that oil producers are paying the buyers to take the commodity […]