U.S. stocks unchanged after Fed statement

U.S. stocks unchanged after Fed statement
U.S. stock-index benchmarks produced little reaction on Thursday afternoon to the Federal Reserve’s decision to leave its policy plan unchanged, as widely expected. The Dow Jones Industrial Average DJIA, -0.02% was virtually unchanged, rising 47 points, or 0.2%, at 26,227, while the S&P 500 traded down 0.3% SPX, -0.32% and the Nasdaq Composite Index COMP, -0.48% held a firm 0.6%... Read More

U.S. imposes new sanctions on supporters of Russia’s Crimea occupation

U.S. imposes new sanctions on supporters of Russia’s Crimea occupation
The U.S. imposed sanctions Thursday on three individuals and nine entities over Moscow’s occupation of Crimea. “Treasury remains committed to targeting Russian-backed entities that seek to profit from Russia’s illegal annexation and occupation of Crimea,” said Sigal Mandelker, Treasury undersecretary for terrorism and financial intelligence. The entities include Limited Liability Company Southern Project, which Treasury said is linked to Bank... Read More

Lowe’s, RH downgraded on concerns about slowing housing market

Lowe’s, RH downgraded on concerns about slowing housing market
Lowe’s Cos. LOW, -0.36% and RH RH, -2.74% were both downgraded to hold from accumulate at Gordon Haskett Research Advisors on concerns about the slowing housing market. On Lowe’s, analysts emphasize that they view the home improvement retailer’s third-quarter results and new chief executive, Marvin Ellison, “positively.” However, there’s “uncertainty around the housing backdrop/expectation for slowing remodeling activity in the... Read More

Google answers protesters with changes to address sexual harassment

Google answers protesters with changes to address sexual harassment
Google Chief Executive Sundar Pichai wrote a letter to Alphabet Inc. GOOGL, -1.01% GOOG, -0.83% employees Thursday in response to last week’s protest by workers, promising changes in how the company addresses sexual harassment. Pichai promised several changes in reporting procedure and the company’s response, living up to some of the demands that thousands of protesters put forth when they... Read More

SEC announces settled charges against ethereum token trading platform

SEC announces settled charges against ethereum token trading platform
The Securities and Exchange Commission said on Thursday that it had settled charges with Zachary Coburn, the founder of EtherDelta, for operating an unregistered national securities exchange. The platform was a secondary market for trading of ERC-20 tokens, which run on the ethereum blockchain – the most popular blockchain for crowdfunding companies when working on an initial coin offering (ICO).... Read More

EIA data show a bigger-than-expected weekly rise in U.S. natural-gas supply

EIA data show a bigger-than-expected weekly rise in U.S. natural-gas supply
By Markets/commodities reporter The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 65 billion cubic feet for the week ended Nov. 2. Analysts polled by S&P Global Platts had forecast a climb of 55 billion cubic feet. Total stocks now stand at 3.208 trillion cubic feet, down 580 billion cubic feet from a year... Read More

Party City shares sink 11% after earnings hurt by ‘operational disruptions’ and helium shortages

Party City shares sink 11% after earnings hurt by ‘operational disruptions’ and helium shortages
Party City Holdco Inc. PRTY, -11.48% shares fell 11.2% in early Thursday trading after the company reported third-quarter earnings that were hurt by operational disruptions, inflationary pressure, helium shortages and lower-than-expected sales, according to Chief Executive James Harrison. The party goods company reported a net loss of $2.4 million, or 3 cents per share, after income of $10.1 million, or... Read More