The Fast Money traders share their final trades of the day.» Read More
To answer the headline: James Bevan would. Our guest host Monday morning said yep, he would buy. But he could only think of one: SocGen. He described the French bank as an attractive opportunity in an unloved sector. What about the rest?
South Korea's current account surplus hit a nine-month high in August on booming exports despite a slow U.S. economy, data showed on Tuesday, putting fresh upward pressure on an already-rising won.
Stocks rallied on the first day of the fourth quarter as new fund inflows and rising hopes for further Fed rate cuts catapulted the Dow into record territory. "Given that Citigroup and UBS reported bad news yet the market still went up, the market is telling us is that all the bad news is already in there," said Douglas Peta, market strategist at J. & W. Seligman.
Oil prices closed down on Monday, as investors took profit from the near-record highs of last week and weighed the threat of a deeper economic slowdown in the United States, the world's top oil consumer.
The dollar rose slightly from record lows against the euro Monday as investors cashed out bets against the U.S. currency ahead of a fresh batch of economic data and central bank meetings this week.
U.S. manufacturing expansion slowed in September, as new orders and production slipped but employment improved, according to a survey published Monday.
Good morning. As we begin the fourth quarter--traditionally the strongest--there are two topics on trading desks: 1) earnings season, and 2) to what extent the U.S. slowdown will spread to the global economy.
The fate of the world economy hinges on what happens to house prices in America and that may not be a good thing, former Federal Reserve chairman Alan Greenspan said on Monday.
Asian markets finished broadly in positive territory Monday, with Singapore seeing the best of the day's gains. Japan and South Korea both finished higher but Australia gave up earlier gains to close just a touch lower.
Britain's financial services firms are more gloomy than they have been for 17 years in regard to profit growth in the next quarter, according to a leading survey released on Monday.
Japan's big manufacturers remained upbeat about business in September, a Bank of Japan survey showed on Monday, but the mood among non-manufacturers and smaller firms weakened, prompting concerns about the outlook amid a global market shakeout and fears of a U.S. slowdown.
South Korean exports in September unexpectedly suffered their first annual drop in more than five years on long holidays, data showed on Monday, amid lingering concern about increasingly uncertain global economic conditions.
If you want to know what former Fed Chairman Alan Greenspan thinks are the current chances of a recession, try this: When I sat down with him to do a “fireside chat” in Washington D.C., he said that he thought the odds of a recession were higher but still below 50 percent.”
Bouts of economic and financial market turbulence over the past 25 years have shown policymakers that transparency is the best protection against contagion from such events, European Central Bank president Jean-Claude Trichet said on Saturday.
The new head of the International Monetary Fund will "have his work cut out" due to the global credit crunch, one of his predecessors said on Saturday.
Stocks ended Friday down slightly as dollar weakness sparked inflation concerns but losses were limited by solid U.S. consumer data. "Housing is slowing down but the U.S. consumer isn't," said Robert Froehlich of DWS Scudder. "The numbers today show that this dichotomy is in place and housing is in trouble but the consumers keep shopping."
The dollar hit another new low Friday, as U.S. inflation data reinforced expectations that the Federal Reserve may cut interest rates again.
Recession talk is heating up as the slumping U.S. housing market threatens to shackle free-spending consumers, yet stocks remain near record highs, indicating that many investors see little cause for alarm.
U.S. consumers spent more freely in August, soothing immediate concerns that the housing bust would stall the economy, and inflation eased, helping clear the way for lower interest rates.
European stocks ended the third quarter lower, with banks taking the hit, but Federal Reserve rate cuts should help markets calm down in the fourth quarter and even finish the year on a positive note if no other major bad news emerge.