Amazon.com, the world’s largest internet retailer, missed analysts’ fourth- quarter revenue estimates and reported a 57% decline in profit, dragged down by shipping costs and the money-losing Kindle Fire.

Wall Street broke a two-day slide today as investors cherry-picked insurance, technology and home-building stocks on bits of welcome news for those industries

A surge in oil prices last week to almost $70 a barrel on concerns about the restart of Iran’s nuclear programme only hints at what may lie ahead.

WITH oil prices pushing new record highs, Wall Street analysts say the market may need to see an easing of that pressure for stocks to rise this week.