Business

Factbox: How NBCUniversal’s Peacock streaming service stacks up against others

Comcast Corp’s NBCUniversal on Thursday gave specifics on its planned Peacock video streaming service, which will do battle with industry leader Netflix Inc and others in the highly competitive field. Here is what to expect. Peacock: Cost: Peacock Free will be free for all U.S. customers and will include ads. Peacock Premium customers can upgrade […]

Business

S&P 500 blasts through 3,300 as tech stocks surge

The S&P 500 rallied through the 3,300 mark for the first time on Thursday and the other main U.S. indexes also surged to record highs, fueled by tech stocks, solid retail sales data and upbeat quarterly earnings from Morgan Stanley. Morgan Stanley (MS.N) jumped 6.6% to lead the S&P 500 after it beat quarterly profit […]

Business

U.S. Senate passes North America trade deal, Canada still to approve

The U.S. Senate on Thursday approved a revamp of the 26-year-old North American Free Trade Agreement that includes tougher rules on labor and automotive content but leaves $1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged. The legislation to implement the U.S.-Mexico-Canada Agreement passed on an 89-10 bipartisan vote, sending the measure to President Donald […]

Business

Gap pulls plug on Old Navy spinoff to focus on turning around sales

Gap Inc (GPS.N) on Thursday scrapped its plan to spin-off Old Navy and said it would instead work to stem dropping sales, while fewer discounts during the holiday season helped full-year earnings, sending its shares up about 4%. The move came as a surprise as just two months ago the company had stuck to its […]

Business

Which company just hit $1 trillion? Google it.

As Google-parent Alphabet Inc (GOOGL.O) became on Thursday the fourth U.S. company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in on the stock’s extraordinary gains. Shares of the Internet search giant are up nearly 17% over the last […]

Business

Dollar gains, stocks scale fresh highs on data, trade deal

The dollar rose while key world and stock indexes on Wall Street scaled new records on Thursday as the U.S.-China trade deal, strong corporate earnings and encouraging U.S. economic data lifted equity markets. Oil rose as the long-awaited Phase 1 trade deal brought some relief to markets, while gold prices slid briefly below the psychological […]

Business

Comcast’s Peacock streaming service to offer free and $5- or $10-a-month options

Comcast Corp-owned NBCUniversal’s new Peacock service, its belated entry into the streaming video wars, will offer free and $5-per-month options with advertising, the company announced on Thursday. Customers who want to avoid all advertising can pay $10 per month, NBCUniversal said in a statement released as it opened a presentation to investors at its 30 […]