Eugene Profit, a former NFL cornerback, has a game plan for investing. Now as CEO of Profit Investment Management, he says, "you have to do your job and no excuses."» Read More
Eugene Profit, a former NFL cornerback, has a game plan for investing. Now as CEO of Profit Investment Management, he says, "you have to do your job and no excuses."
NEW YORK, May 24- U.S. stocks fell at the open on Friday, putting Wall Street on track for its first weekly decline since mid April, amid concern the U.S. central bank may scale back its support to the economy. The Dow Jones industrial average dropped 61.13 points, or 0.40 percent, to 15,233.37. The Nasdaq Composite Index fell 18.98 points, or 0.55 percent, to 3,440.44.
NEW YORK, May 24- U.S. stocks were set to open lower on Friday, setting up Wall Street for its first weekly decline since mid April, amid concern the U.S. central bank may scale back its support to the economy.
*Gold boosted this week by drop in stock markets. LONDON, May 24- Gold stayed on track for its biggest weekly rise in a month on Friday, supported by a drop in stock markets and comments from a Federal Reserve official that dampened talk the U.S. central bank is set to curb monetary stimulus.
John Lonski, Moody's Capital Markets Research Group, and Kevin Giddis, Raymond James, offer their views on the Fed and the markets.
James Bullard, president and CEO of St. Louis Federal Reserve Bank, says the Fed has learnt from the Bank of England's "ruled-based" policy but that the on "forward guidance", it hasn't been as good as the Fed.
*Gold boosted this week by drop in stock markets. LONDON, May 24- Gold steadied on Friday as stock markets stabilised, arresting the metal's rally, though comments from a Federal Reserve official that dampened talk that the U.S. central bank is set to curb monetary policy kept prices firmly underpinned.
James Bullard, president and CEo of St. Louis Federal Reserve Bank, explains why inflation is the "wild card" of U.S. data and argues it would have to be higher to start tapering the Fed's bond purchases.
James Bullard, president and CEO of St. Louis Federal Reserve Bank, explains why he was not surprised to see such volatility in the Nikkei.
James Bullard, CEO and president of the St. Louis Federal Reserve Bank, comments on the U.S. economy, the possibility of tapering off the Fed's stimulus program, and volatility in Japan.
Evan Lucas, Market Strategist at IG says if JGBs fall further, questions will be asked about asset quality and could see downgrades to banks.
LONDON, May 24- A top Federal Reserve official said on Friday U.S. inflation would have to pick up before he voted to scale back monetary policy stimulus and that this was unlikely to happen in the coming month. Louis Fed President James Bullard said in a CNBC interview.
Tai Hui, Chief Asia Pacific Strategist at J.P. Morgan Funds weighs in on the direction key Asian markets are likely to take going forward and the risks investors need to keep an eye out for.
In his daily CNBC.com-only video clip, recorded today after the close of NYSE trading, Art Cashin of UBS talks with Bob Pisani about the factors helping stocks recover from a negative opening. (3:05)
Ed Clark, CEO of TD Bank Group, discusses his company's "solid" quarter, how low interest rates have impacted his business, and what trends he sees in the economy.
Japan suffered its worst 1-day loss in more than 2 years, but the Nikkei is still up about 40 percent this year. Walter Zimmerman, United-ICAP says this type of drop could occur in the U.S., while Darren Wolfberg, BNP Paribas, doesn't think so.
NEW YORK, May 23- For the past few months, the U.S. The Fed's evolving stance was made apparent by Federal Reserve chairman Ben Bernanke's remarks to Congress Wednesday, where he laid out the conditions that might cause the Fed to reduce its $85 billion a month buying of Treasuries and mortgage-backed bonds.
NEW YORK, May 23- U.S. stocks slipped on Thursday but finished sharply off their session lows as a rally in Hewlett-Packard's shares offset worries about weak Chinese manufacturing data and the prospects of the Federal Reserve reducing its monetary stimulus.
Is the Federal Reserve worried that Wall Street has too high an expectation for what the Fed will continue to do with QE? Matthew Slaughter, Dartmouth University; CNBC Contributor Greg Ip; and CNBC's Jeff Cox, discuss.
Fed tapering would be a positive for stocks, UBS Chief Equity Strategist Jeremy Zirin says.