LONDON, May 5- Gold edged lower on Tuesday as the dollar and European shares rose ahead of U.S. nonfarm payrolls later in the week that could give clues on when the Federal Reserve will hike interest rates. Gold fell to a six-week low of $1,170 on Friday after the Federal Reserve indicated that it saw a recent slowdown in the U.S. economy as transitory and did not rule...» Read More
I don’t know why all the wires are leading with the quote from Rep. Carolyn Maloney, D-NY today, that “The commercial real estate time bomb is ticking.” I’d venture to say it’s exploding all over the place. She made the comment at a hearing she chaired of Congress’ Joint Economic Committee.
UK building society Nationwide is offering 125 percent mortgages to its existing customers that have fallen into negative equity and need to move home.
South Korea's central bank held interest rates steady at a record low for a fifth consecutive month on Thursday, in a widely expected move to support an only nascent recovery in Asia's fourth-largest economy.
A late upturn pushed stocks higher Wednesday as investors rotated into defensive stocks like pharmaceuticals and Alcoa advanced ahead of earnings.
Stocks turned lower Wednesday as investors got defensive ahead of earnings season, rotating into pharmaceuticals and out of techs.
Call me old-fashioned, but I still believe in that whole supply and demand thing; that’s why I’m slightly obsessed with the inventory of existing homes floating around the nation’s local MLS’s and more importantly those not floating around the MLS’s. I’m talking about the inventory of foreclosed properties that banks are holding onto, refusing to unleash onto the sales market.
Stocks rebounded Wednesday after a major selloff in the previous session as earnings season gets into gear.
Futures indicated a slightly higher open for Wall Street Wednesday on profit taking after the major selloff the previous day.
No one argues that the staggering deficits run up by the American government in a bid to rescue the economy are desirable, healthy or even sustainable — not if the national debt continues to swell at its current pace. But considerable debate centers on when and how vigorously to start easing off Washington’s borrowing habit, with substantial risks at both extremes, the New York Times reported.
Here comes the corporate earnings season, and there's no doubt it will be more important than most. Alcoa's after-the-bell report Wednesday signals the start of the second quarter reporting period, which traders say could be a turning point for a very tentative stock market.
Stocks fell Tuesday amid growing doubts about the economic recovery. There were some pockets of gains in the banking and pharmaceutical sectors.
The federal minimum wage is set to increase later this month, and that could be bad news for small business owners already struggling in a pinched economy.
Stocks fell Tuesday amid growing doubts about the economic recovery. There were some pockets of gains in the tech, banking and pharmaceutical sectors.
The pace of the economic recovery heading into the fall—electric smooth or diesel rough—will determine whether Obama can prod Congress on the key features of his agenda with momentum or from a defensive crouch.
Stocks fell Tuesday amid growing doubts about the economic recovery. But techs and banks rose.
Futures indicated a slightly higher open for Wall Street Tuesday as doubts about the sustainability of a global economic recovery dimmed.
French workers normally take off much of the summer, but this month, there is something of a revolution going on here at this former royal chateau roughly 30 miles southeast of Paris. The throngs of tourists will be jostling alongside stonemasons, restoration experts and other artisans paid by the French government’s $37 billion economic stimulus program, the New York Times reported.
Stocks ended mixed Monday as a dismal jobs report last week and expectations for a gloomy earnings season nagged at the market. But the Dow eked out a gain amid some bargain hunting.
Stocks were under pressure Monday as a dismal jobs report last week and expectations for a gloomy earnings season nagged at the market. But the Dow turned positive as investors took advantage of the selloff and did some bargain hunting.
Stocks briefly pared their losses after a report showed improvement in the service sector.