Nerdom has become big business in the years since legions of costumed fans first descended on San Diego.» Read More
Medal Round - Final: The Beijing Olympics have come and gone, and so does our World Markets Olympic Challenge. The USA's S&P 500 surged on its last day of the competition to solidly take the gold. See how the other indices finished here.
Four years of Olympic navel gazing starts here -- and it's about time the Brits got on board. As a nation we so love moaning about our capital city, London, that we ignore the cool rating it gets from the rest of the world.
For the week ending Friday, August 22, 2008, the U.S. major Indices fell for the week on the unknown future of mortgage giants Freddie Mac and Fannie Mae, downbeat home construction July data, and soaring producer prices. The NASDAQ Composite performed the worst for the week, declining 1.54%, its steepest decline since Independence Day week. However, Friday was a positive day for the markets helped by a welcome speech by Federal Reserve Chairman Ben Bernanke and a pull back in the price of crude. The Dow had three days of triple-digit point gains & losses, netting to finish almost flat for the week.
As U.S. Fed chiefs met in Jackson Hole, Wyoming to discuss ways of preventing another credit crisis, CNBC's Steve Liesman asked top economic minds for their insight on the government's actions.
Federal Chairman Ben Bernanke indicated the Fed should be able to keep interest rates low for some time, as the recent drop in commodity prices should reduce the threat of inflation.
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India’s economy is the twelfth largest in the world in terms of GDP measured in US dollars, with a solid $1.10 trillion in GDP for 2007. Here are stats and stocks from India.
Medal Round - Only One Day to Go: With only one day left in the competition, the USA's S&P 500 finished the day up .25%, the only competing index to gain for the day. It'll take a big rally in Australia to catch the S&P, but who will take home the silver and bronze?
Dick Bove, analyst at Landenburg Thalmann gives Lehman Brothers a "buy" rating and the Heinz CEO talks about his company's strong earnings. Following are today's top videos:
Don't look now, but something is coming back: deals. Not just little ones. Pretty decent deals. GM, Toyota and Mazda are currently running some of the more prominent marketing campaigns. But make no mistake, almost all the automakers are throwing more money and more generous financing terms behind their new models.
Medal Round - Day 9: After a few rough days, most of the contenders have a positive day. Switzerland, however, pulled back a bit and the S&P 500 has padded its lead. Australia is coming on fast. Will the USA be able to hold on?
Here's a novel idea. Let's take the people who actually work at a car company and put them behind the wheel of the models crucial to that company's future. Ford Motor is starting to do that, and it's probably one of the smartest moves this company has ever made.
It's hard to say whether Wall Street's fear of itself or rising oil prices will be more of an impediment for stocks this week. Both of those trends were apparent Tuesday and could continue to hang over the market Wednesday.
Medal Round - Day 8: Another tough day. Only three days to go and the S&P 500 is barely in positive territory. A 1% spread with the Swiss Market Index remains. Will the USA be able to hold on?
A summer stock rally has ended with a thud as investors—once optimistic that the worst was finally over—are now fretting that the worst is yet to come.
The latest U. of Michigan survey on customer satisfaction with automakers are a bit perplexing. On one hand, they show there's a wider gap between the Big 3 and their foreign rivals. On the other, these results fly in the face of numerous other studies that show the Big 3 edging closer to competitors when it comes to quality and reliability. Who's right? Both, actually.
Bill Browder, CEO of Hermitage Capital told "Squawk Box Europe" viewers to stay off the financial grid to preserver their capital.
Medal Round - Day 7: The Nikkei has made a big run in the past few days. Will it be able to finish the week strong and upset the S&P?
Losses at hedge funds are at a level where they can no longer drive market speculation and gold is facing a 'savage bear market,' according to one hedge fund manager.
Inflation and housing data and retailers' earnings could contribute to Wall Street's early direction Tuesday. But the stock market will continue to fret over the financial sector and worry through every move in the oil markets.
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