Hartmut Issel, Head of Equity and Macro APAC at UBS Wealth Management, is overweight on stocks, particularly in the U.S. and Europe following the launch of quantitative easing.» Read More
Following whirlwind negotiations through the close of Asian markets Monday, Bank of America has sold about half its 10 percent stake in China Construction Bank to a handful of sovereign-wealth funds and institutions in the U.S. and Asia, $8.3 billion before taxes.
CNBC's Bob Pisani reports on the trading day from the NYSE.
OK, so Wall Street is back to work, and of course everyone is saying nobody's going to be around! Light volume. Well, maybe. Many will undoubtedly take off. But don't kid yourself: If there's money to be made, there's always going to be people around.
Futures gained Monday, following a better-than-expected personal spending report and after a worst-case scenario was avoided over the weekend as the East Coast was hit by hurricane Irene.
Stealing of steel, copper or lead objects for the purpose of selling them as scrap metal increased during the financial crisis. Click to find out more.
Wall Street is open, but who will be on Wall Street? This is already one of the biggest vacation weeks of the year. Faced with the possibility of a difficult commute to work, many on Wall Street may simply opt to stay home.
Weighing in on Buffett's deal with Bank of America, with Robert Doll, BlackRock, who says Buffett always gets good deals, and Bill Webb, Gluskin Sheff & Associates, who says Apple is an attractive stock to enter.
If the price of gold falls below $1,600 an ounce, it could go down by nearly 30 percent from peak and the dollar could strengthen by a similar percentage, Ron William, a technical strategist at MIG Bank, told CNBC on Monday.
The gold rush is back! As the price of gold reaches new record highs, recreational prospecting for gold has turned into an ever more popular pastime. Not just in the US or Australia, but also across parts of the Alps in Switzerland.
"We have been seeing growth coming down for some time already. We are probably going into negative territory around spring of next year; it is not for certain, but that is the most likely scenario," Roger Nightingale, strategist at RDN Associates, told CNBC.
German “bad bank” agencies holding billions of euros of Greek debt have still to decide whether to join a bond swap designed to cut Athens’ refinancing burden as part of an EU bail-out, the FT writes.
Gasoline futures opened slightly lower Sunday evening as East Coast refineries got through Hurricane Irene relatively unscathed.
Although, initially a Category 1 hurricane and now only a tropical storm, Irene is testing flood-level records in New York City and in much of the Northeast, raising casualty loss estimates to $20 billion. Two days of lost economic activity, over a period of a week, is almost certain, and adds another $20 billion. Longer term, rebuilding and postponed business activity will make up much of the near term impact on the economy.
In Jackson Hole Wyoming on Saturday Jean-Claude Trichet, the president of the European Central Bank was due to give a speech to a meeting of policy makers hosted by the Federal Reserve. As he prepared to speak the euro zone faced huge problems.
Major flooding is possible in downtown New York City, as well as power outages. Goldman Sachs and the NYMEX are in evacuation zones—can they open Monday?
ConocoPhillips has shut down its 238,000 barrel-per-day Bayway refinery New Jersey, as a precaution ahead of Hurricane Irene. The company also says its terminals are shutting down until it is safe to resume operations.
Surprisingly, the area around the World Trade Center site is largely deserted, save for a few joggers and small groups of European tourists.
From the 40th floor of the Millenium Hilton, the World Trade Center site below me is oddly quiet. There are very few construction workers on site. The crane above Building 4 is directly across from me.
This time last year, Federal Reserve Chairman Ben Bernanke used a speech in Jackson Hole, Wyoming to hint that he was about to unleash a second round of unconventional measures to get more monetary liquidity into domestic the economy.
Fed Chairman Ben Bernanke has spoken, and now it's European Central Bank President Jean-Claude Trichet's turn. Here's how to trade the central banker-speak.