Geoff Lewis, Global Market Strategist at J.P. Morgan Asset Management, says a recovery in the U.S. and Europe can provide stabilization for commodities in the second-quarter.» Read More
Check out the news on Eaton Corp today. The company plans to buy two companies--one in Europe, the other in Asia. That's exactly the type of deal making we can expect to see in the world of M and A next year.
Stocks closed higher as a rally in technology shares helped offset more uncertainty in the credit markets and troubling economic signs.
France's biggest retail bank Credit Agricole said on Thursday it would book a 2.5 billion euros pre-tax writedown in 2007 due to the credit crisis gripping global financial markets.
We have a new Wall Street Journal-NBC News poll that's shaking up the Republican presidential race, since Rudy Giuliani has lost his national lead. But it's also shaking up Ron Paul's legions of Internet supporters--because he fared so poorly at just 4 percent of the vote. Because his numbers were so low I didn't mention Paul in my Wall Street Journal story on the poll.
The yen rose broadly on Thursday on worries that the worst from the U.S. subprime mortgage market fallout was yet to come after Bear Stearns recorded its first-ever quarterly loss.
The economy is continuing to show further signs of weakness and rising inflation, according to the latest government reports.
Britain's current account deficit hit a record high of 20 billion pounds in the third quarter, equivalent to 5.7 percent of GDP, official data showed on Thursday.
Asian markets closed mixed Thursday with Australia slipping into the red after initially rising in the morning and South Korea paring back gains to trade flat. But Chinese shares managed to move higher with property stocks on the advance.
Japan's exports rose steadily in November from a year earlier but shipments to the United States fell for the third straight month, reinforcing worries that slower U.S. growth will have a broader impact on Japan's economy next year.
Oil prices rose to $91 a barrel on Wednesday, ending a four-day run of losses, after crude oil stocks in top consumer the United States fell more than expected last week to their lowest in nearly three years.
Merrill Lynch says fund managers it surveyed in December are more pessimistic about corporate profits than they have been in nearly a decade. Seventy-four percent believe we are in a late cycle phase of business expansion while four percent believe the economy has already entered global recession, the firm says.
As I watched the signing ceremony for another energy bill today, I thought, why bother? The push for more ethanol only seems to drive up the price of corn, displace other crops, and lead to food inflation for consumers. Energy independence? Please. We import roughly half the oil we use each day. That's a pretty big hurdle to independence.
As we close out this year, I know some of you are asking, "Hey Toyota Phil (a nickname a friend gave me after accusing me of giving the Japanese automaker too much praise) what do you think will happen in the auto industry next year?" Well, since you asked, and I know some of you haven't asked, here are my prognostications for 2008.
Cash-strapped banks took the Federal Reserve up on its offer of $20 billion in short-term loans to help them overcome credit problems, but the interest rate wasn't as low as some had hoped.
All nine members of the Bank of England's Monetary Policy Committee voted to cut interest rates by a quarter-point in December and even discussed whether slowing economic growth meant a bigger move might be needed.
Japan's economy will grow 2.0 percent in the fiscal year starting on April 1, the government said on Wednesday while sharply downgrading its initial forecasts for the current year to reflect tumbling investment in housing.
German corporate morale deteriorated more than expected in December as firms took a dimmer view of current conditions, with retailers especially downbeat, a closely-watched survey showed on Wednesday.
Asian stocks were mixed in the afternoon session Wednesday, as markets failed to sustain an earlier recovery. Japan shed 1 percent despite spending most of the session in positive territory. Australia also closed lower.
When it comes to charitable giving, who gives more--hedge funds or private equity? Turns out the private equity folks are the cheapskates.
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