The Fast Money traders share their final trades of the day.» Read More
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.
The European Central Bank and Bank of England flooded money markets with funds on Tuesday as the UK central bank chief warned of a possible "self-reinforcing" downward spiral in credit.
Oil fell below $90 Tuesday, despite a workers' strike at five French oil refineries which stoked concerns of fuel shortages.
As we near the end of the year, the S&P is up a measly 2 percent. If it ends here, it will be the worst year since 2002. One reason for a lackluster year in stocks has been the complete and utter indifference of the Ameican investor to U.S. stocks. To be blunt, U.S. investors are sticking all their cash in overseas funds.
Market volatility and the pullback in financial stocks isn't over yet, says Sarat Sethi, partner and portfolio manager at Douglas C. Lane & Associates. So he advises investors to find safe harbor in large-cap multinationals with diverse exposure.
Bad news for financial markets isn't over yet and joint central bank action to ease the credit crunch may not be enough to stop a big slowdown in the world economy, Bank of England Governor Mervyn King said on Tuesday.
The dollar rose against the yen on Tuesday as a modest improvement in risk appetite encouraged investors to buy stocks, but it consolidated versus the euro after recent hefty gains.
As I've been talking about for some time, and as we've seen from auto sales in the last couple of months, the price of gas IS causing people to shift the kinds of vehicles they are planning to buy. The latest evidence comes from Kelley Blue Book.
Britain's inflation rate held steady in November, wrongfooting analysts who had forecast a rise and giving the Bank of England more scope to cut interest rates should the economy weaken sharply.
Asian stocks seesawed in volatile trade Tuesday with financial counters and exporters taking a roller-coaster ride. Japan closed slightly lower though the market was well over 1 percent lower at one point. South Korea finished the session up 1.2 percent.
The euro zone had a higher-than-expected trade surplus in October despite a continued rise in the euro as exports grew faster than imports, the European Union's statistics office said on Tuesday.
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