With the help of Dan Fitzpatrick, RealMoney.com, Mad Money's Jim Cramer goes off the charts and takes a closer look at Tesla, Facebook and JC Penney.» Read More
China has finally bowed to international pressure, and this move is seen as an attempt by China to placate the West and ease international criticism of its rigid currency policy ahead of the G20 leaders meet in Toronto this coming weekend; a face-saving way of giving in to pressure from the US, EU and international financial institutions to allow its currency to appreciate.
These energy-conscious companies have fared well this year and continue to attract portfolio mangers' interest.
The Shanghai Index rose 2.9 percent, and most European bourses are up 1 to 2 percent as China has allowed the yuan to rise against the dollar for the first time since 2008.
Here's what analysts and others say they're watching before the bell Monday.
Hornbeck Offshore Services has gotten hammered along with BP and others in the energy space after the Deepwater Horizon oil spill, but call buyers stepped in Friday.
The move by China to allow a more flexible exchange rate for its currency shows that the danger of a double-dip recession is remote, Bob Doll, BlackRock vice chairman, told CNBC Monday.
While shares of BP have tumbled since the Gulf of Mexico oil spill, the shares of the company aren't much worse off than other major shares in London, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.
The rebound of Europe's single currency may be jeopardized by reports over the weekend that France and Germany are mulling a two-tier euro zone, ING Bank analysts said Monday.
Stock index futures pushed higher Monday on news that China intends to end its currency’s fixed rate to the dollar, a move investors believe will boost Chinese demand for exports as well as commodities.
Even with the best global economic conditions, a balanced equity portfolio that excludes banks is unlikely to yield much more than 6 percent in annualized gains, according to some market experts.
Saudi Arabia, the world’s fourth-largest holder of foreign exchange reserves, is sitting on more than twice as much gold as previously thought, according to new estimates.
Banking reform will likely overshadow the Fed in the coming week, as Congress edges closer to a new financial regulatory reform bill whose effect on the financial sector remains murky.
The economic news has been terrible this week (housing, jobs), but the S&P 500 is up 2.4 percent. How to account for that? Some point to the reduced headline risk in Europe (Germany has had an amazing week, it's only about 1 percent from a 52-week high!), and perhaps reduced headline risk from BP helped at the margins. But the driving factor is likely this...
What are you planning on buying for your dad this Father’s Day? Ties and electronics? Buy him stocks instead, suggested Tom Anderson, associate editor at Kiplinger’s Personal Finance. He shared his best plays.
As worldwide need for aluminum expands, demand for Alcoa products will grow 10 percent this year, with a full 50 percent of that coming from China, Klaus Kleinfeld, CEO and director, told CNBC Friday.
Stocks eked out a gain Friday amid "quadruple witching" volatility but managed to end the week up 2.3 percent amid bargain hunting. Gold soared to a record close.
Commercial loans had been cast as a horrific mess headed straight for the banking sector as recently as six months ago, but the impact is proving to be less painful and more targeted than some had feared.
Running derivatives through clearinghouses, part of the proposed financial regulations reforms now in Congress, will make them more secure and eventually may pump up their volume, Vikram Pandit, CEO of Citigroup told CNBC Friday.
BP executives met in London Friday with investment bankers to discuss a likely bond offering as early as Tuesday, according to a source familiar with the matter.
Slow consumer spending, along with other forces, will drag the economy down next year. Here's why: