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CNBC's Melissa Francis looks at the week's top business news and investing advice, including sovereign debt plays and tech stocks.
The Dow was under pressure Thursday after Caterpillar's profit missed estimates, but stocks overall were set to close the week in positive territory following a handful of robust earnings and a bailout package for Greece.
The US economy has been in recovery for two years, but the pace has been frustratingly slow, well below that of past rebounds from deep recessions and inadequate to repair the damage done by the crisis of 2008-’09. Every time it seems the recovery may be gaining traction, the momentum peters out... Still, the economy retains important supports.
The strategies behind possible mergers, such as Apple and Hulu, with Mario Gabelli, GAMCO Investors, Inc. chairman/CEO/chief investment officer.
Futures dipped Friday after Caterpillar's earnings missed estimates, erasing earlier gains froM GE and an agreement on a new Greek rescue deal.
A look at the energy companies that are being more strategic in using renewables, Christine Tezak, Baird senior energy/environmental policy analyst and Mario Gabelli, GAMCO Investors.
Stocks closed sharply higher Thursday after EU leaders agreed on a final bailout package for Greece, in addition to an encouraging report on the Fed's mid-Atlantic manufacturing survey and some robust earnings reports.
Sizzling hot temperatures around the country are driving up natural gas and electricity demand, with air-conditioners and generators in overdrive in the 100-plus degree heat. But futures traders, who didn't bet on this intense heat a week ago, missed the wave, reports CNBC Senior Energy Correspondent Sharon Epperson.
Stocks gained across the board Thursday amid signs of progress on debt deals in Europe and U.S., in addition to an encouraging report on the Fed's mid-Atlantic manufacturing survey and some robust earnings reports.
For the automotive-repair sector, the economy is good, Snap-On CEO Nicholas Pinchuk, told CNBC Thursday.
Stocks rallied across the board Thursday after some positive economic news, a draft document showing plans for a wide-ranging response to the euro zone debt crisis, in addition to a handful of positive earnings news.
Union Pacific expects to ship more coal, farm commodities and other products in the second half of the year, at higher prices if the economy allows, CEO Jim Young said Thursday.
All eyes are turned towards the clock as the August 2 deadline for the US debt talks approaches. Treasurys investors could stand to benefit if Congress cannot agree to raise the debt ceiling.
Futures rallied Thursday after a new bailout fund document stated it will extend loans to ease the euro zone debt crisis and as investors largely shrugged off a disappointing jobless claims news.
Stocks slipped in the final minutes of trading to end lower Wednesday as investors took a breather following a sharp rally in the previous session and amid ongoing jitters over the debt ceiling talks and fears over the euro zone crisis.
Stocks lost some ground in the final minutes of trading Wednesday as investors took a breather following a sharp rally in the previous session and after existing home sales tumbled unexpectedly to a seven-month low.
Bulls are running in Europe and kiwis are lifting off - time for your FX Fix.
Futures were higher Wednesday on hopes that U.S. lawmakers will reach a deal to raise the debt ceiling and avert a default as well as optimism over company earnings after Apple’s results beat the street.
Defying a veto threat, the Republican-controlled House voted Tuesday night to slice federal spending by $6 trillion and require a constitutional balanced budget amendment to be sent to the states in exchange for averting a threatened Aug. 2 government default.
Stocks posted their biggest gains since March on Tuesday following a handful of upbeat corporate earnings and President Obama's positive comments on a possible debt agreement.