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Dollar hits eight-month high; global stocks post weekly gain

An employee of a bank counts US dollar notes at a branch in HanoiBy Dion Rabouin NEW YORK (Reuters) - The dollar rose to its highest since early February against a basket of currencies on Friday as investors increased bets on higher U.S. interest rates, while a measure of world stocks posted its first weekly gain in four weeks despite some soft U.S. corporate results. On Wall Street, energy and healthcare stocks weighed on the S&P 500 and Dow, but Microsoft touching an all-time high moved the Nasdaq to positive territory.

Dollar hits eight-month high; stocks post weekly gain

Traders react while working on the floor of the NYSEThe dollar rose to its highest since early February against a basket of currencies on Friday as investors increased bets on higher U.S. interest rates, while a measure of world stocks posted its first weekly gain in four weeks despite some soft U.S. corporate results. On Wall Street, energy and healthcare stocks weighed on the S&P 500 and Dow, but Microsoft touching an all-time high moved the Nasdaq to positive territory.

Wall Street ends little changed; Microsoft hits record

Traders work on the floor of the New York Stock Exchange in New York CityThe S&P 500 and the Dow were little changed and the Nasdaq advanced on Friday as a record day for Microsoft and earnings from McDonald's helped offset a fall in energy and healthcare shares. General Electric , often seen as an economic bellwether, weighed on the market as the industrial conglomerate's posted results that topped expectations but cut its full-year revenue target to send shares down 0.9 percent after it touched an 8-month low of $28.33. "The dollar is getting stronger, that is going to have a negative impact energy prices, that is going to have a negative impact on corporate earnings, at least potentially," said Phil Orlando, chief equity market strategist at Federated Investors, in New York.

Dollar hits 8-month high; stocks set for weekly gain

Traders work on the floor of the NYSEBy Dion Rabouin NEW YORK (Reuters) - The dollar rose to its highest since Feb. 3 against a basket of currencies on Friday as investors increased bets on higher U.S. interest rates, while a measure of world stocks looked set for its first weekly gain in four weeks despite some soft U.S. corporate results. On Wall Street, energy and healthcare stocks weighed on the S&P 500 and Dow, but Microsoft at all-time highs kept the Nasdaq in positive territory. "If companies cannot beat estimates in this (low-rate) environment, it raises the question of what will happen when the Fed raises rates in December," said Adam Sarhan, chief executive at Sarhan Capital.

Wall Street Journal offers all news employees option to take buyouts - memo

(Reuters) - News Corp's The Wall Street Journal on Friday offered all of its news employees the option to take buyouts, according to a memo reviewed by Reuters. "We are seeking a substantial number of employees to elect this benefit, but we reserve the right to reject a volunteer based on business considerations," wrote Gerard Baker, the newspaper's editor in chief. A spokeswoman at Dow Jones declined to comment.

McDonald's sales rise 1.3 percent at US stores

This Tuesday, June 28, 2016, photo shows a McDonald's sign atop one the chain's restaurants in Miami. McDonald's reports financial results Friday, Oct. 21, 2016. (AP Photo/Alan Diaz)OAK BROOK, Ill. (AP) — McDonald's says sales rose 1.3 percent at established U.S. locations in the third quarter, matching what Wall Street analysts expected.

Ex-Goldman recruit drives HSBC's investment banking ambitions

FILE PHOTO - The headquarters of HSBC in London's Canary Wharf financial districtUsing a rare hire from a Wall Street firm, HSBC is pushing hard to become the top European-based investment bank while its regional rivals struggle with regulatory fines and falling revenues. Former Goldman Sachs banker Matthew Westerman, who took over as head of the Global Banking division in May, has made sweeping changes in the drive to steal market share in a business area where HSBC lags most of its major peers. The London-based lender wants to capitalize on the waning fortunes of its German and Swiss competitors Deutsche Bank , Credit Suisse and UBS .

E-Class sedan, SUVs boost earnings at Germany's Daimler

FRANKFURT, Germany (AP) — German automaker Daimler AG said Friday that stronger sales of its technology-loaded Mercedes-Benz E-Class sedan and SUVs helped third-quarter earnings swell by 13 percent.

PRESS DIGEST- Wall Street Journal - Oct 21

Oct 21 (Reuters) - The following are the top stories in theWall Street Journal. Reuters has not verified these stories anddoes not vouch for their accuracy. - A former National Security Agency contractor amassed atleast 500 million pages of government records, includingtop-secret information about military operations, by stealingdocuments bit by bit over two decades, the Justice Departmentalleged in a court filing submitted Thursday. http://on.wsj. ...

Microsoft shares hit all-time high as earnings beat expectations

Microsoft shares hit all-time high as earnings beat expectationsMicrosoft shares rose to an all-time high in after-hours trading on 20 October, after the software giant posted better-than-expected first quarter results. The rise in profits was helped by an 8% jump in cloud revenue to $6.4bn, with the firm reporting that the use of its Azure cloud computing platform had more than doubled since last year. The news sent Microsoft shares 6% higher to $60.73 in New York, overtaking its previous peak of $59.97 in 1999 during the dot-com boom.


Top stories of the hour

The Tell: Stock-market volume may be blamed on Trump and Clinton
Fri, 21 Oct 2016 22:17:04 +0100

The level of trading activity in the stock market, as gauged by composite volumes on the New York Stock Exchange, is at its lowest since the beginning of the year, according to FactSet data

Market Snapshot: Dow, S&P 500 limp to the close, but stocks end string of weekly losses
Fri, 21 Oct 2016 22:14:06 +0100

Stocks end Friday mostly flat as sentiment was torn between disappointing GE earnings and strong results from both McDonald’s and Microsoft.

If a driverless car gets into an accident, whose fault is it?
Fri, 21 Oct 2016 22:01:05 +0100

With driverless cars expected in a few years, who will take responsibility in an accident?

Cyberattack hits websites on East Coast
Fri, 21 Oct 2016 22:00:44 +0100

Cyberattack hits websites on East Coast. (Digital Trends)Twitter, Spotify, Reddit, and The Verge were among the companies whose services were reported to be struck.

NewsWatch: Here’s proof that an all-stock portfolio doesn’t really pay off
Fri, 21 Oct 2016 22:00:17 +0100

It turns out that all-equity portfolios barely outperform a mix of stocks and bonds, says Mark Hulbert.

AT&T-Time Warner talks could set off deal frenzy
Fri, 21 Oct 2016 21:58:37 +0100

Apple approached Time Warner about possible merger, but discussions didn’t progress, sources say. Apple now monitoring the current situation.

Bank founded by Alexander Hamilton embraces its newly hip heritage
Fri, 21 Oct 2016 21:53:53 +0100

Bank of New York Mellon, founded by Alexander Hamilton, is taking advantage of the interest fanned by Broadway’s hottest musical.

Europe's Mars probe probably exploded
Fri, 21 Oct 2016 21:49:45 +0100

A rendering of the Schiaparelli space module and the planet Mars is displayed on a movie screen. (AP)The vehicle hit the right spot but at the wrong speed, likely ending up in a fiery ball of rocket fuel, scientists say.

Market Extra: Take a tour of Alexander Hamilton’s archives at the Bank of New York Mellon
Fri, 21 Oct 2016 21:41:29 +0100

In early October, The Bank of New York Mellon Corp. invited MarketWatch to its corporate headquarters to take a tour of its archives, which include many relics from its founder, Alexander Hamilton.

Deep Dive: Six solid dividend stocks unfairly punished by investors
Fri, 21 Oct 2016 21:40:14 +0100

Instead of chasing performance, investors might want to consider these jilted darlings, says Phil van Doorn.

Deep Dive: Wall Street’s 15 favorite energy stocks as oil prices rebound
Fri, 21 Oct 2016 21:38:12 +0100

There are signs of better times ahead for U.S. energy producers, says Phil van Doorn.

Creepy or cute? Cleveland Indians fans nearly buy out pitcher’s wedding registry
Fri, 21 Oct 2016 21:37:25 +0100

Not content to hug their kids or buy a round, grateful Cleveland Indians fans thanked needed some outlet for their appreciation.

Christie aide: He knew about 'traffic study'
Fri, 21 Oct 2016 21:21:03 +0100

Former Christie aide: He knew about "traffic study." (Getty Images)Bridget Kelly, Gov. Chris Christie's former deputy chief of staff, is accused of plotting to close lanes on the G.W. Bridge.

Why Apple might want to bid for Time Warner
Fri, 21 Oct 2016 18:35:35 +0100

Why Apple might want to bid for Time Warner. (BBC News)AT&T is reportedly in a rush to buy the media firm that makes "Game of Thrones" — in part because it's afraid others might sweep in.

Clinton's most effective advocate
Fri, 21 Oct 2016 18:33:14 +0100

Michelle Obama (Ross D. Franklin/AP)Michelle Obama probably helps Hillary Clinton on the trail more than the president, said White House press secretary Josh Earnest.

Aleppo raids called 'historic' war crimes
Fri, 21 Oct 2016 18:00:42 +0100

(Reuters)The U.N.'s top human rights official denounces the siege and bombardment of the eastern Syrian city.

Congressman defends Trump's 'nasty' remark
Fri, 21 Oct 2016 17:45:31 +0100

Congressman defends Trump's "nasty woman" remark. (Tom Williams/CQ Roll Call; Drew Angerer/Getty Images)Texas Rep. Brian Babin cites Southern gentility before adding, "I think sometimes a lady needs to be told when she's being nasty."

'Yeah, Mom, today is the day'
Fri, 21 Oct 2016 16:26:46 +0100

The mother of Brittany Maynard, the woman who chose a doctor-assisted death, talks about her daughter's last days.

Trump walks off mid-interview
Fri, 21 Oct 2016 16:14:27 +0100

Trump walks off mid-interview. (Getty Images)When asked about people who've called him a racist and a sexist, the Republican presidential nominee walked away.

Private moments at Al Smith dinner revealed
Fri, 21 Oct 2016 16:13:14 +0100

Private moments at Al Smith dinner revealed. (Vox.com)Clinton and Trump traded scorching zingers in public but struck a different tone away from the cameras.

Major voting challenges for flood victims
Fri, 21 Oct 2016 15:14:40 +0100

A campaign sign partially submerged in floodwaters in Lumberton, N.C. (Sean Rayford/Getty Images)Roads are impassable, bridges are washed out, and untold numbers are out of homes in North Carolina, where voting has begun.

Candidates' best jokes at Al Smith dinner
Fri, 21 Oct 2016 14:56:01 +0100

Best and worst jokes by Clinton and Trump at the Al Smith dinner. (WSJ Live)Every four years, an annual fundraiser offers a moment of levity at the tail end of grueling campaigns.

N.Y. Daily News goes nuclear on Trump
Fri, 21 Oct 2016 13:07:58 +0100

‘Bury Trump in a Landslide’: Daily News goes nuclear on the GOP nominee. (Yahoo News)The Daily News’ 7,900-word editorial might be the most scathing attack on him from any newspaper in the country.

'Rigged' rhetoric steps up poll safeguards
Fri, 21 Oct 2016 12:38:26 +0100

An early voting site in Chicago. (Scott Olson/Getty Images)Donald Trump is asking supporters to "watch" polling places in cities like Philadelphia with large minority populations.

Trump, Clinton trade caustic barbs as roast turns bitter
Fri, 21 Oct 2016 07:25:06 +0100

Trump, Clinton trade caustic barbs as roast turns bitter. (AP)Donald Trump appeared to lose the crowd at an annual New York charity benefit when he described Hillary Clinton as corrupt.

Trump booed after jokes become personal insults
Fri, 21 Oct 2016 05:39:28 +0100

Donald Trump appeared to lose the crowd at an annual New York charity benefit when he described Hillary Clinton as corrupt.

Long-time Arizona sheriff Arpaio trails in re-election bid: poll
Fri, 21 Oct 2016 00:28:44 +0100

Sheriff Joe Arpaio (Reuters)Arizona lawman Joe Arpaio’s attempt at a seventh term in Maricopa County is in jeopardy, according to the latest poll.

Saving a cartoon frog from becoming 'icon of hate'
Thu, 20 Oct 2016 19:48:53 +0100

Pepe the Frog. (Matt Furie)Over the past year, a lovable droopy-eyed frog named Pepe has become the racist calling card of the alt-right.

The candidates' plans for national security
Thu, 20 Oct 2016 19:28:33 +0100

(AP)Hillary Clinton and Donald Trump have laid out their visions for how to fight terrorism at home and abroad.

Democrats go on the offensive — down ballot
Thu, 20 Oct 2016 19:19:49 +0100

Down Ticket #22: Confident of a White House win, Clinton & Co. push to expand the down-ballot mapWith the presidential debates over, attention and spending turn to some key races in the Senate and House.

Was that a sneak peek at the future Trump TV?
Thu, 20 Oct 2016 15:08:11 +0100

A glimpse at what Trump TV might look likeThe candidate launched a Facebook live stream Wednesday that some think may have been the inaugural broadcast of a Donald Trump network.

'I announce my separation from the [U.S.]'
Thu, 20 Oct 2016 14:19:38 +0100

Philippines' President Rodrigo Duterte is in China for a four-day trip seen as confirming his tilt away from Washington and towards Beijing's sphere of influencePhilippine President Rodrigo Duterte makes the declaration while visiting China, confirming his tilt toward Beijing.

Ex-Sanders aide: 'Wish' Wikileaks came sooner
Thu, 20 Oct 2016 13:29:41 +0100

"Certainly in a purely political sense we wish, obviously, we had the emails earlier in the process," Jeff Weaver tells Yahoo News.

Trump's rise was only possible in 2016
Thu, 20 Oct 2016 13:10:40 +0100

Why Trump's rise could’ve only happened in 2016. (Reuters)Without technology like Facebook and Twitter, the mogul might not have been the nominee — but probably not for the reasons you’d think.

Fact-checking the 3rd presidential debate
Thu, 20 Oct 2016 06:30:30 +0100

Trump and Clinton (AFP)Is Trump's dark portrait of U.S. manufacturing accurate? Did Clinton really call for open borders?

Federal probe costs T-Mobile $48 million
Wed, 19 Oct 2016 22:12:58 +0100

The FCC said T-Mobile slowed data speeds when customers on so-called unlimited plans exceeded a monthly data threshold.

Record number now want pot legalized
Wed, 19 Oct 2016 18:04:30 +0100

Sixty percent of American adults support legal marijuana, a report notes as voters in nine states decide on the issue.

Clinton venturing further into GOP territory
Tue, 18 Oct 2016 03:38:14 +0100

Hillary Clinton greets supporters. (Ricky Carioti/The Washington Post/Getty Images)Hillary Clinton's campaign is stepping up efforts in traditionally red states like Arizona and Texas.

Amending Clinton's email classification
Tue, 18 Oct 2016 02:33:24 +0100

Undersecretary of State for Management Patrick Kennedy testifies on Capitol Hill in Washington. (Molly Riley/AP)A State Dept. official asked the FBI to help change the classification level of an email on Benghazi from Clinton's private server.

Melania Trump: Lewd 2005 tape was 'boy talk'
Tue, 18 Oct 2016 02:23:07 +0100

Melania Trump (Via ABC News)In her first interview since the controversy she said her husband was “egged on” by TV host Billy Bush.

‘Obama’s favorite general’ pleads guilty in leak probe
Tue, 18 Oct 2016 01:26:46 +0100

Retired Marine Gen. James Cartwright at U.S. District Court in Washington on Oct. 17. (Pablo Martinez Monsivais/AP)James “Hoss” Cartwright pleads guilty to a felony charge that he lied to the FBI about disclosing classified information to journalists.

GOP office reopens after firebombing
Tue, 18 Oct 2016 00:21:49 +0100

Local GOP officials reopened a makeshift operation on folding tables outside the firebombed office in Hillsborough, N.C. (AP)A makeshift operation on folding tables was set up outside the office while uniformed police looked on.

Mother of Benghazi victim invited to debate
Mon, 17 Oct 2016 23:09:24 +0100

Pat Smith at the Republican National Convention. (Alex Wong/Getty Images)Donald Trump has invited Pat Smith, whose son was killed in the 2012 terrorist attacks, to Wednesday's debate.

Clinton, Trump prepare for last debate
Mon, 17 Oct 2016 22:00:22 +0100

Donald Trump and Hillary Clinton at the second presidential debate. (John Locher/AP)Hillary Clinton continues to put serious time toward readying herself while Donald Trump prefers to stay on the trail.

What Clinton really thinks about Wall Street
Mon, 17 Oct 2016 20:39:08 +0100

Warren Buffett and his daughter Susie listen to Hillary Clinton at a campaign event in Omaha, Neb., in December. (Nati Harnik/AP)Hillary Clinton has a complicated relationship with the Wall Street banks that nearly wrecked the global economy in 2008.

Paper responds to threats over endorsement
Mon, 17 Oct 2016 20:05:37 +0100

Mi-Ai Parrish, the president the Arizona Republic, penned an op-ed piece responding to criticism of its Hillary Clinton endorsement. (Yahoo News)An op-ed piece in the Arizona Republic answers a deluge of angry response to its first-ever support for a Democratic presidential candidate.

U.S. has spike in undocumented children
Mon, 17 Oct 2016 18:36:23 +0100

The Department of Homeland Security reported that 56,692 children traveling without adults were intercepted at the U.S. border with Mexico. (AP)The number of unaccompanied children illegally entering the country from its southern border rose 49 percent over the past year.

Long history of Trump's election fraud claims
Mon, 17 Oct 2016 18:23:34 +0100

Donald Trump. (Evan Vucci/AP)Donald Trump's rants against a "rigged" election are neither new nor out of character for him.

Why ex-KKK leader's son fled the movement
Mon, 17 Oct 2016 17:43:10 +0100

Southern Poverty Law Center: If David Duke’s godson can leave white nationalism, others can tooDerek Black, son of a Klan grand wizard and godson of David Duke, was primed for a future in white supremacist leadership.

Fox News anchor Shepard Smith comes out
Mon, 17 Oct 2016 15:38:16 +0100

Fox News anchor Shepard Smith. (Getty Images)Shepard Smith says his disgraced former boss didn't care he was gay and treated him with respect.


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