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A few weeks ago, Mike Farrell, head of Annaly Capital, a New-York based, non-bank finance firm, wrote a letter to his investors that pointed out that “in times of chaos ... those that survive aren’t necessarily the biggest or the bravest.” the FT reported.
Stocks closed higher Monday, with the Dow and S&P breaking a three-day losing streak, ahead of a crucial vote on austerity measures in Greece and after banking regulators announced capital rules that were less burdensome than expected.
Stocks extended their gains Monday, with the Dow and S&P on track to break a three-day losing streak, ahead of a crucial vote on austerity measures in Greece and after banking regulators announced capital rules that were less burdensome than expected.
The White House said Monday that a "significant" deal with Republicans on cutting government spending and raising the nation's debt limit is still possible, even as the administration hardened its stance on the need for increased tax revenue to be part of any agreement.
Stocks climbed Monday, reversing three days of losses, as investors snapped up beaten-down stocks and bet there would be a near-term resolution to Greece's financial future.
Futures turned flat Monday following news that personal income gained slightly in May, while spending was unchanged. Gains were also limited as investors remained cautious about Greece's future.
Investors have been disappointed by popular financial innovations, including portable alpha and structured products, and current innovations, including Exchange Traded Funds, could be storing up risks for the future, according to a new report by Principal Global Investors and Citi.
Stocks ended lower Friday with the Dow and S&P closing down for the seventh week out of eight amid continuing jitters over the euro zone debt crisis.
Stocks slumped with the Dow and S&P on track for their third-straight day of losses Friday as uncertainty over the passage of a Greek austerity plan in addition to worries over Italian banks overshadowed a better-than-expected durable goods report.
"If I take Nevada's debt and if I add in the pension liability, and I add in the benefit liability, I'm still only at 8.6 percent. I can't speak for Ms. Whitney ... but I do have to say it would be nice if she did a little homework, drilled down a little bit into what those numbers are," Kate Marshall told CNBC Friday.
Stocks slumped across the board Friday, as uncertainty over the passage of a Greek austerity plan in addition to worries over Italian banks overshadowed a better-than-expected durable goods report.
Futures turned higher after several key economic news, but gains were limited after several major Italian banks declined sharply, triggering renewed worries over the European debt crisis.
After a volatile session on Thursday as the International Energy Agency unveiled plans to release strategic reserves in a bid to push oil prices lower, stocks look set for a strong end to the week.
Stocks finished off session lows Thursday following a report that Greece has forged a deal with the EU and IMF on an austerity plan, but investors were cautious following a weak jobs news in addition to the Fed's tepid economic remarks.
The news that 60 million barrels of oil will be released into the global energy markets is really about the White House finally recognizing what millions of American families already know: the economy is still too weak, the recovery too slow, and they need to try something new.
The release of oil stockpiles have impacted energy prices. An outlook on oil, with John Kilduff, Again Capital.
A long time oil stock buyer weighs in on oil falling on the U.S. tapping its vast emergency petroleum stockpile, with Jerry Castellini, CastleArk Management president.
Futures extended their decline Thursday, after jobless claims posted a surprise gain and following the Federal Reserve's tepid economic outlook.
In less than 40 years India will overtake the US as the world’s second-largest trading nation, pushing today's superpower into third place and Europe in to the little leagues, according to a new report by Citi.
Stock markets would panic if they knew what Ben Bernanke and other leading figures in the Federal Reserve really said when their tongues are loosened by alcohol, John Mauldin, president of Millennium Wave Advisors, told CNBC Thursday.