Stock Indexes Modestly Higher as Bargain Hunters Seeking Deals After Selloff

Stock indexes were higher in early trading Wednesday as bargain hunters seek deals and China’s infusion of liquidity overnight soothes risk-averse investors. The ongoing trade war between the US and China is being closely watched. Beijing said it pledges to “fight a trade war to the end.” Still, the Dow […]

European ADRs Move Higher in Wednesday Trading

American depositary receipts of European stocks were trading 0.30% higher at 135.82 on the Bank of New York Mellon Europe ADR Index on Wednesday. In continental Europe, the gainers were led by pharmaceutical company Oasmia Pharmaceutical (OASM), and marketing firm Criteo (CRTO), which rose 9.2% and 2.7% respectively. They were […]

Walt Disney Raises Offer for Fox to $38 Per Share After Comcast’s Rival Bid

Walt Disney (DIS) raised its offer for 21st Century Fox (FOX, FOXA) to $38 per share in cash and stock after Comcast (CMCSA) made a rival offer for the entertainment company’s assets left after a spinoff. The amended deal sees shareholders given the choice to opt for cash or stock […]

Existing Home Sales Fall Second Straight Month in May

Existing-home sales in May fell for a second straight month amid shortage of supply and rising prices, the National Association of Realtors said in a report on Wednesday. Total existing sales were declined 0.4% to a seasonally adjusted annual rate of 5.43 million last month from a downwardly revised 5.45 […]