If oil prices recover, these stocks may become attractive

While increased U.S. oil and shale gas production have undermined the output cut, it at least seems to have helped stabilize the price of oil. The price for Brent crude has averaged $54 per barrel, according to UBS strategist Geoff Dennis. The output cut was only...

The new special counsel investigating Trump: Who he is, what he can do, what comes next

The Justice Department’s decision to appoint former FBI Director Robert Mueller as a special counsel charged with investigating possible collusion between the Trump campaign and Russia is a win for Democrats, a new blow to a reeling White House, and a clear sign...

Treasury Secretary Mnuchin to say 3% economic growth achievable

Treasury Secretary Steve Mnuchin will tell a Senate hearing on Thursday that the U.S. economy can grow 3 percent or more if regulatory and tax reforms are enacted, according to a copy of his speech seen by Reuters. In testimony before the Senate Committee on Banking,...

Wal-Mart earnings top Street estimates as retailer’s digital sales jump 63%

Wal-Mart’s U.S. business is still showing signs of thriving, as evidenced by the company’s fiscal first-quarter results, and it’s being fueled largely by more clicks and sales on Walmart.com. The big-box retailer has been making strides to expand and...

DoD’s ‘rigid and convoluted’ acquisition system wasting billions of dollars

The Pentagon’s “rigid and convoluted” acquisition system is wasting billions in taxpayer dollars, according to a new report. At a House Armed Services Committee hearing on Wednesday, a congressionally-mandated advisory panel looking into Pentagon...

Google to launch Google for Jobs to help Americans find work

MOUNTAIN VIEW, Calif. — Google’s mission is to steer people to the information they need in their daily lives. One crucial area the Internet giant says could use some work: Jobs. So Google is launching a new initiative, Google for Jobs, that includes a...