JAKARTA, July 24- Indonesia will soon allow U.S. miner Freeport-McMoRan Copper& Gold Inc to resume copper exports, with both sides close to ending a six-month dispute over new mining rules, a senior official said on Thursday. Indonesia introduced a mineral ore export ban and a steep export tax on concentrates in January.» Read More
U.S. stock index futures pointed to a slightly higher open for Wall Street Friday after Thursday's rally in the final hour of trading and with investors watching consumer data due later Friday.
Stocks rallied in the final hour of trading Thursday, pushing the S&P to a 17-month high above 1,150. Banks finished strong, with Citi up over 5 percent.
Stocks slipped at the open Thursday after the government said weekly jobless claims fell but not as much as analysts had anticipated.
Stock index futures were treading water Thursday after posting a slight a gain Wednesday on the back of gains in financial stocks.
Stocks ended higher Wednesday, led by financials as the sector got a shot of confidence from a well-known analyst -- and investors. Staples and telecoms were the biggest decliners.
Stocks continued to rise Wednesday, led by banks, amid a fresh vote of confidence for the sector.
U.S. stock index futures were flat to slightly higher Wednesday after Wall Street eked out a gain Tuesday and investors waiting for economic data on the housing sector and business inventories.
A senior Chinese official said on Thursday that China would not bow to pressure from the United States to revalue its currency, which President Obama says is kept at an artificially low level to give China an unfair advantage in selling its exports.
writes Gary Shapiro, President & CEO of the Consumer Electronics Association.
President Obama would have to battle liberals, persuade China to boost its currency 40%, get the world economy to grow much faster and cut taxes for US exporters, the NY Times reports.
Contrary to popular belief - and one often fueled by misperception and misinformation, major IT services companies do not hoard visas and they do not displace American workers. However, before favoring massive H1-B reform or outright abolishment, opponents should take a closer look at its implications from a global perspective.
The bubble in China's real estate is unprecedented and companies exporting for the country's construction sector should be watched carefully, James Chanos, president and founder of Kynikos Associates, told CNBC Monday.
Friction is building between the United States and China, and it’s time for all of us to pay attention. We are on the brink of a trade war with an uncertain behemoth, and recent policy decisions from Washington are fanning the flame, writes Gary Shapiro, President & CEO of the Consumer Electronics Association.
China has long claimed to be just another developing nation, even as its economic power far outstripped that of any other emerging country. Now, it is finding it harder to cast itself as a friendly alternative to an imperious American superpower. For many in Asia, it is the new colossus.
"The dollar over the next year or two will tend to see downward pressure because our recovery will be fragile and uneven," says one economist.
It was an extraordinary sight: Warren Buffett and Bill Gates walking around the Columbia University campus in Manhattan with CNBC's Becky Quick, and three TV cameras. During the tour, Buffett and Gates answered Becky's questions on a wide variety of topics. Here, for the first time in a CNBC.com exclusive, is the complete Buffett-Gates 'Columbia Walk and Talk.'
The crisis is not over as unemployment is likely to continue rising for the next 10 to 11 months, Dominique Strauss-Kahn, managing director of the IMF, told CNBC Thursday.
Warren Buffett's company will sell its stakes in Union Pacific and Norfolk Southern railroads before it completes its $26.3 billion acquisition of Burlington Northern Santa Fe railroad.
Stocks tumbled Friday, giving back all of the gains from the prior session, as worries about the recovery escalated after a pair of reports on the consumer and as the dollar rallied. The Dow shed 250 points, or 2.5 percent, but finished flat for the month.
Stocks tumbled Friday, giving back all of the gains from the prior session, as worries about the recovery escalated after a pair of reports on the consumer.