The Fast Money traders share their final trades of the day.» Read More
There's a new video on the web that's sure to entertain skeptics of the Chinese auto industry. It's video of a car from China's Chery Automobile faring poorly in a crash test in Russia. For those who fear the Chinese auto industry hurting the Big 3, this video will give them the ammunition they need to take shots at the Chinese.
Stocks closed higher after investors shrugged off the Fed's continuing worries about inflation to buy beaten-down financial shares. "The Fed announcement, I think quite honestly, was annoying," said Jack Ablin at Harris Private Bank. "I'm glad the market reacted positively to it."
Japan's core private-sector machinery orders fell more than expected in June, signaling a slowdown in corporate capital spending ahead, but did little to alter market players' views that the Bank of Japan will raise rates this month.
Australia's central bank raised interest rates to a decade-high of 6.5% on Wednesday, as expected, saying higher borrowing costs were needed to check inflation.
U.S. Treasury Secretary Henry Paulson warned on Tuesday it was a mistake for U.S. lawmakers to blame American job losses on global competition and use it as an excuse for passing protectionist trade laws aimed at China.
Crude oil prices rose Tuesday, pulling out of a nosedive after news of new refinery problems in the United States rekindled supply worries during the summer driving season.
The dollar edged higher against the euro but a touch lower versus the yen Tuesday, after the Federal Reserve kept U.S. interest rates steady as expected, and inflation remained its primary concern.
U.S. worker productivity grew at a slightly slower-than-expected 1.8 percent annualized pace in the second quarter, government data on Tuesday showed, while labor cost growth moderated in somewhat better news for inflation.
Amid the headlines this weekend about Cerberus closing the Chrysler deal and shaking up management at the automaker, one piece of news came out that blew me away. In the second quarter, Toyota posted a record profit of $4.13 billion dollars. Sounds staggering by itself until you look at it this way: every day last quarter Toyota made more than 44 million dollars. Almost 2 million dollars a day!
British retail sales growth slowed to its weakest rate in eight months in July as exceptionally wet weather and higher borrowing costs kept people away from the shops, a survey showed on Tuesday.
The Japanese government revised up its view on exports and job conditions in its monthly economic report, underscoring growing optimism over the nation's economic outlook, but it left its overall economic assessment unchanged.
The dollar rebounded against the yen on Monday, riding a rally in U.S. stocks ahead of Tuesday's Federal Reserve meeting. The U.S. currency nearly hit an all-time low against the euro, however, and remained weak against other major currencies amid concern over the health of the U.S. economy.
Oil and gasoline futures plunged Monday, on concerns about the economy's health and as investors sold to lock in profits from last week's record-setting rally.
Stocks rallied as investors snapped up shares in the beaten-down financial sector despite uneasiness surrounding the health of credit markets and the U.S. economy. "We got a big sigh-of-relief rally," said Arthur Cashin, director of floor operations at UBS.
Despite brewing financial turmoil, economists see only a one-in-four chance of recession and say the Federal Reserve will leave rates unchanged at Tuesday's meeting of the Open Market Committee.
The Bank of Spain said Monday the country's gross domestic product grew around 4% in the second quarter, according to its latest estimates, compared to 4.1% in the first quarter.
We are preoccupied with the death of the five-year equity bull market. Is this it? Are we witnessing one of those major trend turning points that are profitable for the brave and painful for the meek? Owning the market has worked -- but just as the bears capitulate there is a reminder of why they have been bearish.
U.S. Federal Reserve officials meeting on Tuesday will grapple with how turmoil in financial markets and tighter credit may damage the economy, and could hint at some concern growth could falter.
Stocks ended a volatile week with a late selloff, erasing any hope for a quick recovery from last week's trouncing.
The dollar tumbled Friday, hitting two-year lows versus the Swiss franc, as fears about losses in the credit sector intensified after Bear Stearns said fixed-income markets were the worst in more than two decades.