The national average price for a gallon of regular gas could drop another 20 cents this fall, just in time for the holiday shopping season.» Read More
Stock futures dropped on ADP bummer report. Futures were up all morning on good news from Europe, but S&P futures dropped 6 points in seconds when the ADP said only 13,000 private sector jobs were created in June, well below expectations of about 60,000 jobs. We are expecting significantly more private sector gains from the nonfarm payroll report on Friday to offset the public sector census workers that are being laid off.
The only conclusion one can draw by reading NYT columnist Paul Krugman is that he is anti-economic and anti-job growth. No country has ever trade-sanctioned its way to prosperity.
At the end of the quarter, many portfolio managers look to wash their hands of losers and start anew. This is an opportunity for you. In spite of all our economic troubles, all of those stocks resting at 52-week lows are not as bad as their stock prices would suggest.
Wall Street looked set for a slightly lower opening Wednesday after the latest report on private-sector employment arrived much weaker than expected.
The long-term mortgage, which began as a Depression-era fix to keep Americans in their homes, may be out of step, given the current housing crisis. “The 30-year mortgage is outdated," housing expert Robert J. Shiller told CNBC.
The violence in recent Greek protests is not just confined to that country and investors should price in civil unrest brought on by austerity, Philippa Malmgren, president of Principalis Asset Management, told CNBC Wednesday.
Call it window 'undressing.' Stocks took a beating in the second quarter, and the final days are bringing out the worst.
Some technicians say the S&P 500s move below 1040 signals a technical head and shoulders pattern, a bearish sign for stocks.
Stocks took a real drubbing today, with the Dow off 268 points and the major indexes basically falling 3 percent. Call it the double-dip trade. But are we really heading for a double-dip recession?
Stocks fell sharply Tuesday as doubts about China's growth and a disappointing U.S. consumer-confidence reading rattled an already jittery market.
The financial-reform bill isn't what Wall Street had feared most, as Congress watered down provisions to ensure its passage. Many implications of the changes are clear, and a lucky few have dodged a bullet. TheStreet examines five stocks that offer an attractive bet in the post-reform world.
Stocks opened sharply lower Tuesday amid a fresh round of worries about euro-zone debt as bank repayments come due to the European Central Bank this week.
State capital Harrisburg, population 50,000, is only the ninth-biggest city in Pennsylvania. Yet it has become a center of debate over the nation’s brewing municipal fiscal crisis.
Congressional leaders and the Obama Administration are congratulating themselves on the about-to-be passed financial reform legislation. They claim the legislation will end “too big to fail” and will prevent future financial crises.
Citigroup triggers circuit breaker, then trades back to previous trade. Shares were trading at $3.80 at about 1:03 PM ET; then, off the exchange, 8,800 shares traded at $3.31, a drop of 12.7 percent. That triggered the SEC circuit breaker...
According to the CEO, "the second half of 2010 will be slow and you’ll see mostly small incremental deals of anywhere from 1 to 5 billion dollars." The end of 2010, going into 2011, Simon thinks we will start to see "bigger strategic deals."
I spent last week not far from there in St. Petersburg, and perhaps the most important observation I can make about the trip relates to the country’s efforts to spur technological innovation and encourage direct foreign investment in Russia.
The company is making a serious mistake by being so secretive about the true nature of it capital needs.
Two-year Treasury note yields dropped to an all-time low amid talk of European spending cuts and fears of a US double-dip recession. Art Cashin, director of floor operations at UBS Financial Services, and Bernard McSherry, senior vice president at Cuttone & Co., offered CNBC their market and economic insights.
Friday, forecasters expect the Labor Department to report the economy shed about 110 thousand jobs in June and unemployment rose to 9.8 percent. Economists expect the private sector created about 110,000 jobs but government employment dropped twice that amount, as many temporary census jobs disappeared. Twelve months into recovery from such a deep recession, this is a terrible performance.