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Wall Street up as data points to strong economy

NEW YORK Wall Street rose on Monday, with the Dow industrials setting fresh record highs, as services sector data gave further evidence of strength in the domestic economy.

Recent Business News

Trump should not spend like economy in crisis -Fed officials

PHOENIX Federal Reserve officials cautioned on Monday that the incoming Trump administration's economic plans should not be cast as if the economy is in crisis, but instead be designed to help the economy's long-run prospects.

4:06pm EST

Barclays' exit from energy trading stirs concerns over liquidity

NEW YORK British bank Barclays Plc has joined the list of top banks to exit energy trading, an exodus that analysts say raises concern among oil producers that falling liquidity means they cannot use derivatives for their basic function: to hedge risk by locking in future prices.

3:12pm EST

GE Power sees little sales impact if U.S. quits climate deals

NEW YORK General Electric's sales of power plant upgrades would not suffer much if the United States bailed out of climate change treaties under a Trump administration as utilities still want the economic benefits that come with modernizations, GE's power services chief said on Monday.

3:51pm EST

Trump advisors aim to privatize oil-rich Indian reservations

WASHINGTON Native American reservations cover just 2 percent of the United States, but they may contain about a fifth of the nation’s oil and gas, along with vast coal reserves.

Trump win creates 'considerable' uncertainty, Fed's Dudley says

NEW YORK The U.S. election of Donald Trump has created "considerable" uncertainty over the policies he will pursue so it is too soon for the Federal Reserve to judge whether its plan for gradual interest rate hikes needs adjusting, one of the most influential Fed policymakers said on Monday.

1:19pm EST

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