Stocks could chop around and rack up more losses in the week ahead, with the next wave of corporate earnings reports.» Read More
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.
The markets are having trouble holding their gains for a very simple reason: the decline in building permits suggests further decreases in housing starts in the months ahead. Here is a point where the bears may have some traction...
Asian stocks ended in negative territory Wednesday, following Wall Street's decline after disappointing earnings from big U.S. banks while record crude prices fueled concerns about the outlook for corporate profits.
Wall Street will try to shake off its housing induced malaise on Wednesday, with the help of some good earnings news from the tech world. But key inflation and housing data and another batch of major earnings before the bell will be play a big role in deciding the course for stocks.
While the markets are concerned today about the poor quality of financial earnings, Bank of America’s Joe Quinlan tackles a different—but equally important—subject: the rising tide of protectionism in the U.S., which is threatening the profits of now-global U.S. corporations. Quinlan notes that U.S. firms are enjoying a global boom in trade, earnings, capital inflows.
Today we have a case of foreigners pulling the rip cord, and Treasury Secretary Hank Paulson stating the obvious: Housing stinks and it's getting worse. Foreigner investors in August dumped U.S. stocks at a rate nearly four times greater than in any other one month period.
The markets traded mostly lower in Asia as bank stocks were battered across the board, but a surge in crude oil prices powered energy stocks on expectations that record high oil prices would boost profits.
China's top personal computer maker Lenovo Group is exploring a range of options including acquisitions to boost its overseas business, a senior executive said on Tuesday.
China Investment Corp (CIC), the country's new $200 billion sovereign wealth fund, will aim for transparency in its operations and will not be a destabilising force in global markets, the firm's head said on Tuesday.
Here's part two of my what to expect posts on tech earnings this week: At Intel, a decidedly more upbeat outlook for the world's largest chipmaker Intel: The company took the unusual step of hosting a mid-quarter financial update a few weeks ago, raising its outlook and narrowing its gross margins to a healthy 52%.
Stocks are sending a mixed message this morning as oil cranks to a new high and earnings season gets underway. European stocks are mixed to firmer, and Asian markets were higher though Tokyo had a flat session.
It’s going to be a joyful—and profitable—holiday season for retailers, according to the latest CNBC Wealth in America survey. Americans plan to spend an average $839 during the holiday season, up 17.6% from last year.
Forget the credit crunch, housing recession and fears of slower economic growth. Americans plan to open their wallets during the holidays this year, though maybe not on those cheap Chinese toys. Spending is expected to jump 17% from last year, to an average of $839.
Several Asian markets raced ahead to rack up record gains at the start of the week. China's Shanghai Composite Index closed 2.2% higher as investors piled into oil stocks such as Sinopec following fresh highs for the commodity.
China's Communist Party must stay firmly in charge as the nation embraces economic and social change, President Hu Jintao said on Monday in an agenda-setting speech vowing tightly controlled political reform.
Active trading today in NASDAQ big caps (Google , Apple, Amazon, Apple), international oil companies, and Chinese stocks. Chinese stocks? Chinese Communist Party holds their annual meeting next week (no I'm not going), Hang Seng in Hong Kong and Shanghai index hit historic highs yesterday.
Surprisingly positive retail sales data changed the course of stocks this morning as Wall Street once more put its faith in the resilience of the U.S. consumer. Stocks opened higher after futures pointed lower much of the morning.
The Wall Street Journal's widely followed Heard on the Street column today focuses on Warren Buffett's big PetroChina sales in recent weeks, even as the stock has rallied to new highs. It neatly recaps the question we've been asking here at WBW: Is Buffett selling because he thinks PetroChina has become overvalued after an enormous run-up or is he selling in response to human-rights activists who see divestment as a way to pressure China over its ties to Sudan, which is accused of supporting mass killings in Darfur?