Doug Wolford, Convergent Wealth President & COO, says more people are paying attention to Janet Yellen than are "keeping up with the Kardashians." Craig Columbus, First Allied Asset Management CEO, weighs in.» Read More
Dodge Dorland, Chairman & Chief Investment Officer at Landor & Fuest Capital Managers, says social media and biotech stocks may see more downside in the short run.
*Intel stock up more than 4 pct after beating estimates. SYDNEY, July 16- Asian stocks held stubbornly steady on Wednesday after China reported economic growth that was just ahead of market expectations, enough to prompt a sigh of relief from investors, but little else.
*JX Holdings rises on report saying it will build hydrogen stations. TOKYO, July 16- Japan's Nikkei share average was flat on Wednesday morning as investors stayed cautious ahead of China economic data, with weakness in U.S. shares also curbing investors' risk appetites.
SYDNEY, July 16- Shanghai zinc rallied to a fresh 17- month high in early trade on Wednesday, playing catch up to overseas prices that have rallied on prospects of dwindling mine supply, while other contracts steadied ahead of a rash of China economic data.
SINGAPORE, July 16- Gold retained two days of losses to trade near a four-week low on Wednesday, below $1,300 an ounce, on a stronger dollar and fears that the Federal Reserve could hike U.S. interest rates sooner than expected.
SYDNEY, July 16- Asian stocks held steady on Wednesday as markets braced for a data deluge from China, while a slide in oil prices to the lowest in over three months was taken as a potential positive for global growth. MSCI's broadest index of Asia-Pacific shares outside Japan was flat while Japan's Nikkei barely budged.
SEOUL, July 16- U.S. crude oil futures recovered slightly to above $100 a barrel on Wednesday in early Asian trade, triggered by a larger than expected draw in U.S. crude inventory. It ended 96 cents down at $106.02 a barrel in the previous session, recovering from a low of $104.39, the weakest point since April 2.
SYDNEY, July 16- The dollar clung to modest gains early on Wednesday after bulls latched onto a comment by the head of the Federal Reserve that rates could rise sooner if employment continued to improve, while strong inflation sent sterling to a six-year high.
WASHINGTON- Federal Reserve Chair Janet Yellen delivers a second day of testimony on the U.S. central bank's semiannual monetary policy report before the House Financial Services Committee- 1400 GMT.
WASHINGTON, July 15- A Republican member of the U.S. Securities and Exchange Commission slammed the Federal Reserve and a council of financial regulators on Tuesday, accusing them of a power grab on everything from asset managers to high-speed trading.
*JPMorgan, Goldman shares rally after earnings. NEW YORK, July 15- U.S. stocks pulled back on Tuesday after Federal Reserve Chair Janet Yellen and her fellow Fed policymakers raised concerns about "substantially stretched valuations" in some sectors. Facebook shares tumbled 1.1 percent to $67.17.
Stock ended mostly lower Tuesday as investors considered a new set of corporate earnings and the Federal Reserve's latest assessment of the U.S. economy. In remarks to Congress, Fed Chair Janet Yellen raised the possibility the Fed could raise its key short-term interest rate sooner than currently projected.
*JPMorgan, Goldman rally after results, boosting Dow. *Germany's ZEW sentiment reading at lowest level since January 2013. JPMorgan Chase& Co and Goldman Sachs outperformed after reporting strong results.
World oil prices have rapidly erased a geopolitical risk premium that had been pushing prices up since April, and selling has accelerated in recent days as traders shift their focus from violence in Iraq and Libya to weak global fundamentals.
NEW YORK, July 15- U.S. stocks mostly pulled back on Tuesday after Federal Reserve Chair Janet Yellen and her fellow Fed policymakers raised concerns about "substantially stretched valuations" in some equity sectors. The Dow ended with a slim gain as JPMorgan Chase& Co and Goldman Sachs Group Inc shares rallied following solid results.
Treasurys whipsawed after congressional testimony from Fed Chair Janet Yellen indicated concern over 'substantially stretched' asset prices.
NEW YORK, July 15- The dollar climbed against most other leading currencies on Tuesday after Federal Reserve chief Janet Yellen championed continuing loose U.S. monetary policies to boost employment and stagnant wages.
After Fed Chair Janet Yellen commented on social media and biotech stocks being overpriced, Michael Block, Rhino Trading Partners; Kelly Connelly, JHS Capital Advisors; David Wright, Sierra Funds; and John Rutledge, SAFANAD, debate if the Fed should be commenting on specific sectors in the stock market.
NEW YORK, July 15- The bond market traded in a narrow range on Tuesday, absorbing Federal Reserve Chair Janet Yellen's message that the U.S. economic recovery remains incomplete and early signs of a pick-up in inflation are not enough to accelerate anticipated interest rate increases.
WASHINGTON, July 15- Federal Reserve Chair Janet Yellen said U.S. labor markets are far from healthy and signaled the Fed will keep monetary policy loose until hiring and wage data show the effects of the financial crisis are "completely gone."