BlackRock's chief investment strategist says investors are smart to be nervous but still have to buy stocks.» Read More
Math-loving traders are using powerful computers to speed-read news reports, editorials, company Web sites, blog posts and even Twitter messages — and then letting the machines decide what it all means for the markets.
The Financial Times has named Apple CEO Steve Jobs as person of the year. When he first hit the headlines, he was younger even than Mark Zuckerberg is now. His formative role in popularizing the personal computer, and Apple’s initial public offering on Wall Street – which came when Mr Jobs was still only 25 – made him the tech industry’s first rock star, the paper said.
Fresh details have emerged of secret talks between bank auditors and the government during the financial crisis, as regulators prepare changes to the auditor’s role to lessen the risk of similar chaos. The FT reports.
Why has Britain managed to boldly go into fiscal territory which the US has hitherto ducked? That is the $800 billion question hanging in the air in New York this weekend, after George Osborne, chancellor, visited the city. The FT reports.
More than one in ten bankers and traders in the UK and Europe could receive no bonus this year, as banks slash their year-end pay-outs following weaker revenues. The FT reports.
Wells Fargo has broken with other big banks by urging US regulators to require mortgage lenders to retain more of the loans they originate, rather than selling them to investors, a practice that helped to fuel the housing bubble, reports the Financial Times.
US securities regulators have broadened their investigation into the alleged $8 billion Ponzi scheme run by Allen Stanford, the Texan billionaire, to include brokerage executives who invested their clients’ money in Stanford International Bank products, reports the Financial Times.
In theory, clearinghouses exist to safeguard the integrity of the multitrillion-dollar derivatives market. In practice, they also defend big banks’ dominance, the New York Times reports.
The surge in 10-year Treasury yields above the psychological 3 percent level this week crowns a miserable period for bond traders and investors who bet on the Federal Reserve’s second round of quantitative easing policy, or QE2, being bullish for the market, reports the Financial Times.
Will the euro zone survive in its current form? Martin Wolf addresses this question by considering three more issues in the Financial Times.
The bank has told US regulators that it has sold enough assets this year to meet the final condition that was set on its landmark plan to repay $45 billion in government bail-out funding. The FT reports.
Ireland’s banks are among the most exposed to some of the other weaker euro zone nations, in spite of the industry’s tiny network of foreign operations. The FT reports.
The perception that the US takes insider trading more seriously is widely shared by traders and regulators. But that is starting to change in two critical ways. The FT reports.
JPMorgan Chase is close to axing plans to build a £1.5 billion ($2.4 billion) European headquarters in Canary Wharf, opting instead for the former UK premises of Lehman Brothers, reports the Financial Times.
Caterpillar, the US-based manufacturer of earth-moving equipment, is marketing a two-year 1 billion renminbi bond to institutional investors in Hong Kong, becoming the first foreign industrial multinational to issue debt in the Chinese currency. The FT reports.
Geneva will leave London behind and become the world’s most important trading hub for physical energy commodities, including oil, as leading companies relocate dozens of traders to Switzerland, according to industry executives, reports the Financial Times.
The presidential commission investigating the BP oil spill in the Gulf of Mexico has said that neither the industry nor the US government had made adequate investments in clean-up technology in the wake of the 1989 Exxon Valdez spill, reports the Financial Times.
George Osborne is set to water down plans to force disclosure of bank bonus payments above £1 million, in a move that will delight the City but sets up a political clash with business secretary Vince Cable and the Liberal Democrats, reports the Financial Times.
Overseas investors are moving back into the UK financial services sector, easing fears that London is losing its luster as an international centre for the industry. The FT reports.
Wall Street analyst Meredith Whitney plans to set up a credit-rating agency to go head to head with Moody’s Investors Service and Standard & Poor’s. The Financial Times reports.
BlackRock's chief investment strategist says investors are smart to be nervous but still have to buy stocks.
Mark Dow's bearish call on gold has been spot-on, but now he's playing for a bounce, with Mark Dow, Macro Behavioral Blog, CNBC's Jackie DeAngelis and the Futures Now Traders.
Natural gas is up 30 percent this year as cold weather keeps it hot. The next move for natural gas, with CNBC's Jackie DeAngelis and the Futures Now Traders.
Jim Cramer explains what to watch ahead of the open including Alcatel Lucent and Nokia. Cramer describes the contrasts between Nokia and BlackBerry, "they are two ships passing in the night."
CNBC's Jim Cramer explains why Washington is less of an issue for the markets than the upcoming earning season.
Crude was mixed, but WTI eked out a gain in sluggish trading.