On May 7, Israeli forces seized the main border crossing at Rafah, closing a vital route for aid into the besieged area
world7 hours ago
In his semiannual report before Congress, Bernanke said the economy has weakened and that the Fed is ready to take further action to bolster growth if needed. Bernanke provided no clues about what steps the Fed could take or whether any action was coming soon
The Dow Jones industrial average fell 20 points to 12,705 in the first half-hour of trading.
The Standard & Poor’s 500 index fell two points to 1,351 and the Nasdaq composite slipped nine points to 2,888.
The stock market opened higher with strong earnings reports from Mattel, Coca-Cola and other big companies.
Mattel rose 9 percent, more than any other company in the S&P 500. The country’s biggest toy maker said net income rose on better sales of Barbie dolls and lower advertising costs. Its stock jumped $2.88 to $33.94.
Coca-Cola posted higher income and revenue than Wall Street had expected, thanks in part to booming business overseas. Coke rose $1.19 to $77.65.
Goldman Sachs also reported earnings and revenue that beat Wall Street’s forecasts. Its stock gained 27 cents to $97.98.
Half of the 10 industries in the S&P 500 rose, led by material companies. Bank stocks fell the most.
On May 7, Israeli forces seized the main border crossing at Rafah, closing a vital route for aid into the besieged area
world7 hours ago
When rains lashed the country last month, many tourist spots and adventure destinations were damaged, posing a risk for visitors
uae7 hours ago
In a video, the group said 51-year-old Nadav Popplewell died after being wounded in an Israeli strike in Gaza
mena8 hours ago
The clay-court icon said he is still not clear about playing at Roaldn Garros will do his best to get there over the coming weeks
sports9 hours ago
Shareef AlRomaithi enters the Human Exploration Research Analog habitat at Nasa’s Johnson Space Center
space9 hours ago
The authority uploaded a video of the medical evacuation, showing a rescuer descending from the chopper while it was suspended mid-air
uae9 hours ago
President Sheikh Mohamed expressed his sincere condolences and heartfelt sympathy
uae10 hours ago
The environmental activists glued themselves to a glass case containing the historic Magna Carta document at the British Library
world10 hours ago