CNBC's Tyler Mathisen reports North Korea fired more than 100 artillery rounds as part of a counter drill into South Korean waters. South Korea fired back.» Read More
Stocks finished the session sharply higher Wednesday ahead of the Thanksgiving holiday, following a handful of reports that offered some hope that the U.S. economy was improving.
Stocks were trading sharply higher Wednesday following a handful of reports that offered some hope that the U.S. economy was improving.
In the last 24 hours, many commentators have remarked upon the threat posed to financial markets by yesterday's Korean artillery exchange.
Stocks added to gains Wednesday after a handful of economic reports pointed to an improving economy.
Stocks were poised to open higher Wednesday after reports on the labor market and consumer spending pointed to an improving economy and as investors shifted their focus away from tensions between the two Koreas and European debt worries.
Financial bookmakers expect to see Europe's top indexes rising on Wednesday, with resource-related shares finding support in rising metal and commodity prices.
Stocks ended sharply lower Tuesday amid concerns the Irish debt crisis would spread to other euro zone countries and the effects of the crisis in Korea prompted investors to dump risky assets. Microsoft and JPMorgan fell, while HP rose.
North Korea's attack on South Korea was "symbolically important," but will not lead to all-out war, Richard Kim, head of Korean sales at Auerbach Grayson, said on CNBC Tuesday.
Stocks are getting ripped by North Korea and Ireland, with all the fears that go along with those two stories. People should not panic. A lot of good news out there is suggesting a strong economy, regardless of what the Fed says.
Stocks continued to sink as the dollar rose Tuesday as investors grew skittish about the prospects of the Irish debt crisis spreading to other periphery euro zone countries as well as escalating tensions in Korea. Chevron and Exon fell, while HP rose.
U.S. stock index futures remained lower after news of a better-than-expected revision for third quarter Gross Domestic Product as investors added an escalating conflict in Korea to the growing list of concerns dragging market sentiment lower.
The growing presence of foreign businesses in the country shows the so-called ‘hermit state’ isn’t as isolated as most people think.
Every day, hundreds of South Korean managers and engineers gather here at the steel and glass bus terminal to make an unusual commute, through the minefields and tank traps of the demilitarized zone and into an industrial park that sits just across the border in North Korea.
North Korea has turned to Twitter and YouTube to step up its propaganda struggle with South Korea and the US as the isolated state comes under growing international pressure since the sinking of a southern warship. The FT reports.
China’s premier Wen Jiabao said during a visit to Seoul on Friday that China would not protect whoever sank a South Korean warship in March, offering South Korea some encouragement that Beijing might not block moves to punish North Korea at the United Nations Security Council for killing 46 sailors.
Stocks erased most of their earlier losses in the final half-hour of trading Tuesday as materials and consumer discretionary stocks advanced.
Stocks are getting battered across-the-board yet again today, with all of the major U.S. stock indices down 2 percent as of this writing. The Dow is down over 1300 points, or 12 percent, from its recent April 23rd high.
Stock index futures pointed to a sharp decline Tuesday, while European and Asian shares dived as well, amid ongoing sovereign debt concerns and new worries about tensions between North and South Korea.
North Korea's government revalued the country's currency but restricted severely the amount of old bills that can be changed for the new ones, wiping out personal savings, the Washington Post reported Wednesday.
While the government battles over a health care plan, many companies are taking matters into their own hands.