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Ketih McCullough, Hedgeye Risk Management, explains why he remains bullish on U.S. consumption stocks. The FMHR crew also shares its favorite trades.
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Ketih McCullough, Hedgeye Risk Management, explains why he remains bullish on U.S. consumption stocks. The FMHR crew also shares its favorite trades.
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LONDON, April 5- The investment herd is scattering again in a sign of less stressful times, encouraged by resolute central bank protection even if scarce growth and jobs may deter funds from straying too far.
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PARIS, April 5- Chancellor Angela Merkel's Social Democrat rival in this year's election accused the German leader during a visit to France on Friday of dragging Europe's southern economies into a vicious circle of ruin by insisting on fiscal austerity.
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Two senior executives at Bank of Cyprus may have deleted crucial e-mail documents last year, according to an investigative report commissioned by the central bank of Cyprus, the NYT reports.
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Greece, which has hundreds of poorly connected islands and a big tourism industry, says this will encourage seaplane operators and improve access to many holiday resorts.
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NICOSIA, April 4- Public shock in Cyprus about the tough terms of an international bailout is turning into anger as millions of euros remain locked in the country's banks.
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MADRID, April 4- When a corruption scandal hit Spain's ruling party earlier this year, attention turned to the Accounts Tribunal, an obscure body that audits public spending.
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CNBC's Kelly Evans reports European shares were mixed ahead of policy decisions by the European Central Bank and the Bank of England.
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Supreme Court judges will launch an investigation on Thursday into almost a decade of financial profligacy which brought Cyprus to its knees last month.
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NICOSIA, April 3- Supreme Court judges will launch an investigation on Thursday into almost a decade of financial profligacy which brought Cyprus to its knees last month, with a mandate from the head of state to give his own affairs special attention.
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A look at the FMHR traders' top 3 trades, including an upgrade for Dollar Tree and US Steel at a 4-year low; and how to trade home builders and Phillips 66 now.
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If it fails, international lenders may have to do what they wanted to avoid and which Germany and its northern European allies may baulk at- give Cyprus more money. Nicosia will get 10 billion euros over three years from the euro zone and the International Monetary Fund.
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*Medical tourism on the rise in Turkey. ISTANBUL, April 3- Sitting in a private clinic in an upscale neighbourhood of Istanbul, Saleh, a human resources executive from Qatar, is preparing to leave Turkey with a smile on his face and more hair on his head.
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ATHENS, April 3- Cyprus should weigh whether it is in its interest to abandon the euro, the leader of the Mediterranean island's second-biggest party was quoted as saying on Wednesday.
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CNBC's Kelly Evans reports European shares are trading lower on Wednesday as political uncertainty in Italy continues to shake stocks.
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The death of Laiki, also known as Cyprus Popular Bank, was brutal. Board members said they had fought to the bitter end.
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Buckingham Research analyst Daniel McKenzie found a silver lining in Delta's news, and raised his price target for Delta to $21 per share, from $19. He noted that Delta is cutting its flying capacity at its Tokyo hub because of the weak yen, and it is also cutting flying to Italy and Greece.
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The FMHR traders discuss today's top three trades, including Nasdaq OMX after the company said it is buying eSpeed, the trading platform for U.S. Treasuries from BGC Partners.
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NICOSIA, April 2- On the evening of the last Wednesday in March, the directors of Laiki bank, the second largest in Cyprus, gathered in their sixth floor board room for the last time. "Laiki Bank was a very good bank for many, many years," said Afxentis Afxentiou, a former governor of Cyprus' central bank.