Stocks were on pace to hit new highs again as financials and technology stocks advanced in the wake of strong earnings reports from JPMorgan and Intel. BofA and AmEx rose, while Merck fell.
Stocks were on pace to hit new highs again as financials and technology stocks advanced in the wake of strong earnings reports from JPMorgan and Intel. BofA and AmEx rose, while Merck fell.
U.S. stock index futures continued to trade lower after news of a bigger-than-expected increase in consumer prices, and a lower-than-expected rise in retail sales.
Natural gas and oil used to be tied at the hip. And with oil rallying, and a brutal winter battering much of the nation, you'd think nat gas would be poised for a rally. Think again.
Stocks bounced off the lows of the session but ended lower as disappointing economic news halted the market's rally and as Merck dragged down the Dow amid problems with a key blood-clotting drug. Merck and Alcoa slumped, as Home Depot rose.
Stocks slumped more in the final hour of trading as disappointing economic news halted the market's rally and a disappointing drug trial for Merck dragged down the Dow. Merck and Alcoa fell, while Home Depot rose.
Stocks slipped as economic news released Thursday gave investors reason to pause a day after the market reached new multi-year highs. Merck sank, while DuPont rose.
US stocks looked set to open lower on Thursday, off the new multi-year record highs reached for all the major indexes on Wednesday after the Federal Reserve reported improving economic conditions across the country, and after upbeat earnings outlooks for banks lifted investor sentiment.
Stocks ended at new record highs as the Federal Reserve reported improving economic conditions across the country, and as upbeat earnings outlooks for banks lifted investor sentiment. JPMorgan and Bank of America rose, while Disney fell.
Two successful hedge mangers continued off-camera, with David Faber, Gary Kaminsky, and two hedge fund giants Steve Tananbaum Golden Tree Asset Management and Jason Ader Hayground Cove.
Stocks traded off the highs of the day, but remained significantly up, as the Federal Reserve reported improving economic conditions across the country, and as upbeat earnings outlooks for banks lifted investor sentiment. JPMorgan and Boeing rose, while Alcoa fell.
It is no longer "in vogue" to carry cash on corporate balance sheets, Steve Tananbaum, an influential player in the credit and the distressed markets and founder and CEO of the $12 billion plus hedge fund GoldenTree Asset Management, told CNBC on Wednesday.
The cycle for commodities is only getting started, said Cliffs Natural Resources CEO Joe Carrabba.
*Convicted of illegally trading Dell, Nvidia shares. Todd Newman, a former portfolio manager at hedge fund Diamondback Capital Management, and Anthony Chiasson, co-founder of hedge fund Level Global Investors, had been set to begin prison sentences later this summer.
TORONTO, June 18- Canada's Tim Hortons Inc is under mounting pressure from activist investors to boost shareholder value a few weeks before a new CEO takes over after a second hedge fund said it had amassed a big stake in the coffee and doughnut chain.
MONACO, June 18- Hedge funds, once seen as a quick route to riches for managers and investors alike, are trying to reinvent themselves as more socially conscious and make money all the same.
The world's second-wealthiest man explains to CNBC why workers in Europe and other parts of the developed world are at the "best" part of their career after they reach their 60s.
Tuesday, 18 Jun 2013 | 10:00 AM ETViolent protests broke out in eight Brazilian cities last night, with the worst violence occurring in Rio de Janeiro. Thousands of protesters threw Molotov cocktails and anything else they could find. The protests began over a 10-cent increase in bus and subway fares.
Tuesday, 18 Jun 2013 | 11:05 AM ETFBI Deputy Director Sean Joyce describes how NSA surveillance helped to detect and thwart a plot to bomb the NYSE.