Don Gimbel, CIO, International at Geneva Investment Management of Chicago, says China's first-quarter GDP data is "reasonably accurate" and reflects ongoing transition in its economy.» Read More
Most of the major Asian indexes closed in the red Wednesday on reports that Merrill Lynch is expected to announce bigger-than-expected third-quarter losses. Japan, South Korea and Australia all closed lower. All three indexes fell sharply midway through the session after spending most of the morning in positive territory.
Investors are still jittery about the future of Bear Stearns, and they cite several reasons, CNBC has learned.
A key congressional panel endorsed legislation on Tuesday that would bar U.S. Internet companies from cooperating with authorities in China and other repressive regimes.
Australia has a strong Western-style economy. Consumer confidence is high, exports of raw materials and agricultural products are profitable, and the budget has been in surplus since 2002.
Are the container shippers in the same quiet bull market mode as the dry bulk shippers? Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Asian stocks closed higher Tuesday, reversing two straight sessions of declines. But Japan finished almost unchanged on lingering worries about high oil prices and the full impact of the U.S. housing slump on its economy.
As I reported last week, tech was the bright lure in an otherwise fishy market. Well, we saw just how stinky that market could become Friday when not even tech brought buyers in the door. But those buyers were the first ones back in on Monday, and Apple promises to keep the tech fire burning. It reported a 67% jump in fiscal fourth quarter profits earnings to $904 million or $1.01 per share, well above expectations. Apple shares were sharply higher after hours.
Asian markets closed lower Monday, but pared back heavy losses suffered in the morning session and India's Sensex eked out a slight gain. Japan ended 2.2 percent lower while South Korea dropped 3.3 percent.
China's ruling Communist Party unveiled on Monday a new leadership line-up including two men likely to eventually succeed President Hu Jintao and government head Premier Wen Jiabao.
While the Save Darfur Coalition mildly "applauded" Berkshire Hathaway's PetroChina sales, even if they weren't driven by human-rights concerns, another group that's been urging Warren Buffett to divest is more direct in its criticism.
Fear returned to Wall Street this past week, and the Fed's meeting Oct. 31 is now being looked at as a necessary balm for the markets. Rightly or wrongly, that's how traders are see it, and they now expect the Fed to cut its target Fed funds rate and probably discount rate by a quarter point at that meeting.
The biggest headline out of Warren Buffett's interview with FBN today: he has sold his entire PetroChina stake and he sold it not because of human-rights concerns over Darfur, but because the stock's price had gone up so much.
A group that's been urging Warren Buffett to divest Berkshire Hathaway's PetroChina holdings is "applauding" today, even if it might not like Buffett's stated reason for selling the entire stake.
Some big earnings reports and the afterglow of Google's solid profit report will compete with worries about credit issues and the background chatter of G-7 officials Friday. The U.S. dollar's record-setting slide and oil's record-setting rise will also be a focus. Oil broke through a record $90 per barrel in electronic trading Thursday evening.
Asian markets finished red across the board Friday with financial stocks taking the worst of the beating as investors sold bank shares on credit concerns. Japan and South Korea both closed 1.7 percent lower, while Australia finished just shy of 1 percent down.
Chinese stocks were mixed on Friday after Beijing denied reports that it was studying a proposal to permit swaps of shares listed in both the domestic stock market and Hong Kong.
Cramer gets to know the dry bulk shipping industry with Genco CEO Peter Georgiopoulos.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
A rebound in banks and technology shares helped drive many Asian markets to a higher close Thursday, but speculation over the future of the Indian Prime Minister caused the Bombay Sensex to slump late in the session.
Beijing has floated the idea of allowing share swaps in firms listed in mainland China (A-shares) and in Hong Kong (H-shares), powering the Hang Seng Index to a record high, while the Shanghai market skidded.
Technology has been a big lure in an otherwise fishy stock market this week.