With investors buying stocks and commodities and using the dollar as a carry trade, global stocks are just at the beginning of a significant trend higher, Chris Zwermann, global strategist at Zwermann Financial said Wednesday.
Deutsche Bank's effort to spy on its critics was more extensive than previously disclosed, involving a plan to target as many as 20 people, including a number of investors, a detective involved in the affair told the Wall Street Journal.
If the S&P 500 index manages to hold above 945 in July, then the rally has further to go over the next few months, Roelof van den Akker, chartist at ING Wholesale Banking, said Tuesday.
From a technical perspective, the dollar is likely to trade lower for some time, as the euro, along with stock markets, may have entered a bull market, Chris Zwermann, global strategist at Zwermann Financial said Thursday.
Economic cycles will never be the same, as we are going to see more turbulence and shorter periods of prosperity, John Caslione, founder and CEO of GCS Business Capital and author of "Chaotics" told CNBC Wednesday.
Three men have been arrested in Germany over a failed attempt to blackmail the country's richest woman, BMW heiress Susanne Klatten, prosecutors said Friday.
‘Web stress’ has become a major source of frustration in the European work place. It can dent morale, cut productivity and even led to resignations, but the UK has it worst, new research from software giant CA revealed.
Last Friday, the closely-watched University of Michigan consumer confidence survey registered a disappointing reading of 64.6, when hopes had been for a 70 or so. But maybe it shouldn't have been a surprise, figuring that, during the month, energy prices were high (since reversed, of course), the stock market was struggling, and unemployment continued to rise.
European credit spreads edged wider and gilts and bunds prices tumbled Thursday, after the US Treasury's 'sloppy' auction which reinforced investors' expectations that the Federal Reserve will have to raise rates sooner rather than later.
European banks still have upside potential despite the recent rally, as the worst is over for the continent's financial institutions, analysts at financial services investment bank KBW, who upgraded the European banking sector to 'Overweight', said Monday.
The head of the European Central Bank refused to bullied into changing policy Thursday following comments by German Chancellor Angela Merkel regarding her concerns that the central bank's loose monetary policy could lead the global economy into another, bigger crisis over the next decade.
Stocks capped a winning month with a 1-percent rally Friday as traders squeezed in a few last-minute trades to close out the month of May. Investors were encouraged by a jump in consumer sentiment and less-bad GDP report. Oil stocks benefited from the rise in oil prices. Dell ended higher after beating its earnings target. GM ended at 75 cents a share.
Stocks made another break higher Friday as investors were encouraged by a jump in consumer sentiment and less-bad GDP report. Oil stocks benefited from the rise in oil prices. Dell shot out of the gate after beating its earnings target but other techs were slow to follow. GM fell below $1.
Stocks wobbled Friday as investors were encouraged by a jump in consumer sentiment less-bad GDP report but still remained a bit jittery. Dell shot out of the gate after beating its earnings target but other techs were slow to follow. GM fell below $1.
Stock index futures indicated a higher open for Wall Street Friday after the latest GDP report showed the economic decline began to slow in the first quarter.
The Obama administration estimates that any GM bankruptcy would take at least 60 to 90 days and perhaps longer, a senior official said.
Stocks ended higher Thursday as crude prices climbed after an inventory pare-down and the results of the Treasury bond auction eased concerns about government debt.
Stocks rebounded Thursday as crude prices climbed after inventories were pared more than expected. Stocks had gotten off to a wobbly start as investors juggled a bleak report on new-home sales with any optimism from the unexpected drop in jobless claims and GM's deal with bondholders.
Stocks retreated Thursday, after a higher open, as bleak report on new-home sales overshadowed any optimism from the unexpected drop in jobless claims and GM's deal with bondholders.
Stocks opened higher Thursday after an unexpected drop in initial jobless claims.