A memo to Janet Yellen ahead of Wednesday's all important meeting.» Read More
The circuit breakers get christened. The Washington Post was the first stock that triggered the new circuit breakers. At 3:07pm ET, WPO was trading at roughly $454. Suddenly, there were three trades over $900 off the NYSE floor...
Stocks ended a rocky session flat Wednesday as a drop in housing starts and disappointing outlook from FedEx offset a strong industrial-production report. BP shares rose after the company agreed to halt its dividend.
An estimated $1.7 trillion in corporate is coming due. While this is bad news for companies struggling to recover in a wobbly economy, this could be good news for investors.
With up to 60,000 barrels of oil spewing into the Gulf on a daily basis, the $20 billion Gulf fund may be something worthwhile for investors.
What is the likelihood of a market double-dip and how should investors be prepared? Kent Croft, CIO and portfolio manager of Croft Value Fund and David Kelly, chief market strategist at JPMorgan Funds shared their insights.
Earnings have topped expectations since the year began but a disappointing outlook from FedEx raised concern that more companies may follow. Is it a sign that a double-dip is coming?
Investors overreacted to the European debt problems and continue to let memories from the credit crisis exert too much emotional influence on their decisions, a panel of fund managers said Wednesday.
Stocks recovered as techs rose and after a report that BP had agreed to place about $20 billion in escrow to pay claims resulting from the oil spill.
Bond giant Pimco has begun buying the high-yield debt of battered energy company BP, Pimco CIO Bill Gross told CNBC.
The Collins amendment, requiring fixed capital ratios for some banks, to the financial regulations reform bill isn’t needed, the Robert Kelly, the CEO and chairman of Bank of New York Mellon , told CNBC Wednesday.
As investors debate whether high-yielding BP bonds are a good buy, the cost of insuring against default on those bonds continues to set new highs. BP bonds bounced, along with a temporary move higher in its stock, on news the company has agreed to set aside $20 billion in an escrow fund to pay claims from the Gulf of Mexico oil spill. The credit-default swaps for BP bonds have risen to a record...
With stocks falling on lower-than-expected housing starts and FedEx's disappointing outlook, is it time to buy into the market weakness? Marc Pado, U.S. market strategist at Cantor Fitzgerald and Michelle Girard, senior economist at RBS shared their market outlooks.
Stocks slipped Wednesday after a report showed housing starts fell much more than expected. Charles Crane, managing director at Douglass Winthrop Advisors, and Sarat Sethi, partner and portfolio manager at Douglas C. Lane & Associates, shared their insights.
The Obama Administration is waging a silent, unwise war on high-tech, hell-bent on taming a few targets to bolster a get-tough image. The feds’ enmity toward what we’re best at—technology and making money on it—threatens our long-term economic recovery.
Trading has been decidedly bearish in BP since the Deepwater Horizon oil spill started in late April, and now one investor is positioning for a complete collapse.
I'm in Singapore on an Asian research trip and I continue to be impressed with the trajectory of this region in terms of its growing influence on global economics.
As metals go, gold is not particularly useful. It does very few things that other metals can’t do or do better. It’s soft and quite heavy. BUT, the stuff is really popular and worth a lot of money right now.
How much will regulatory reform cost the banks? The joint US House/Senate conference on regulatory reform is in the last two weeks of its reconciliation process, and it is looking like tougher versions of many parts of the bill may pass.
The stock market wants to go higher though. It is sloughing off bad news. Be it a headline in the Wall Street Journal that says Spain is in trouble financially, Greece being downgraded by a rating agency or German sentiment taking a downturn, the market forges ahead. I guess bad news is just the formula for a rising market.
There are times when stimulus is the only way to go – as the Chinese clearly realized a year and a half ago. They stimulated their economy by about 2-1/2 times the amount that the U.S. stimulated, as a percentage of GDP. Now China has a strong economy and the U.S. is growing modestly – in part because we stimulated too timidly.