Andy Cross, CIO at the Motley Fool, says equity investors should stay the course, despite volatility in global markets since the start of the year.» Read More
Interest rates on short-term Treasury bills rose in Monday's auction, with the three-month bill climbing to the highest level in six years.
Manufacturing activity in the Federal Reserve Bank of Dallas district increased in January.
CNBC's Melissa Francis reported today on "speculation" that the Saudi Oil Minister, Ali Al-Nami, might be replaced when the Saudi monarchy shakes up its cabinet in February. Al-Nami has held the post for 12 years. Also of noteon oil--the New York Times reported over the weekend that the Saudis are committed to keeping oil prices at $50 a barrel.
"Does the World Economic Forum have a reason to exist? And two portfolio managers offer investment ideas if an equity pullback occurs.
Stocks ended lower following a volatile week of trading that was punctuated by a mixed batch of quarterly earnings reports and strong economic data, which fizzled many investors hopes the Fed will lower interest rates.
The dollar gained across the board Friday after stronger data from the U.S. housing and manufacturing sectors provided further evidence the economy is more resilient than many initially thought.
New economic data out this morning shows strength in key sectors of the economy, including housing and manufacturing, as well as a rise in durable goods orders. New home sales were up 4.8% in December and home prices climbed 1.2% in November. Meanwhile, the bond market is seeing a sell-off as traders reassess whether a Fed cut is on the horizon. Stephen Stanley, chief economist at RBS Greenwich Capital, and Mark Vitner, senior economist..
Stocks in the U.S. are mixed going into today's opening. The Dow is pointing higher and Nasdaq looks weaker and for the Nasdaq, this week's been the best of times and the worst of times. Nasdaq's 1.3 percent drop yesterday was its worst performance of the year, following its best day of the year. Stocks are weaker in Europe and major Asian markets closed lower.
Japanese consumer prices rose less than expected in December from a year ago, adding to doubts over the Bank of Japan's ability to raise interest rates next month, sending the yen lower and bond futures to a one-month high.
Stocks suffered their biggest pullback in two months as a disappointing bond auction and a lackluster report on sales of existing homes halted the market's two-day rally.
The dollar and other major currencies fell against the yen as investors further unwound overextended positions against the currency amid concerns the Group of Seven rich nations may address its weakness at a meeting next month.
Separately, the number of new claims for U.S. jobless aid jumped a larger-than-expected 36,000 last week, a government report showed, its biggest one-week rise in 16 months.
Chancellor Angela Merkel said on Wednesday that Germany would seek to remove exchange rate imbalances, boost hedge fund transparency and launch a new dialogue with emerging powers during its presidency of the Group of Eight (G8) industrialized nations.
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It was a record day for stocks as every sector finished the day in positive territory. The Dow Jones Industrial Average closed at an all -time high while the Nasdaq and S&P 500 were boosted by strength in tech shares. The S&P 500 finshed the day at a new six-year high.
The dollar and euro fell against the yen on news that European finance ministers will push for a more forceful message at next's month G7 meeting on the need for a stronger Japanese currency.
January retail sales could still get a boost from unused holiday gift cards, according to Merrill Lynch Economist David Rosenberg.
U.S. mortgage applications for both home purchase and refinancing loans dropped last week as interest rates rose, an industry trade group said.
CNBC's Maria Bartiromo talks to Lehman Brothers Vice Chairman Tom Russo and E-Trade Financial CEO Mitch Caplan about global issues affecting the financial services sector.
From YouTube to MySpace, entrepreneurs in the user-generated content space join the world's top business and political leaders at the World Economic Forum's 2007 annual meeting, underscoring this year's theme "The Shifting Power Equation." WEF, in turn, is aiming to "expand the Davos conversation" with Web-based communication tools. (More)
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