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Stocks continued to slide lower for a second session Wednesday, extending the previous day's sharp losses, as investors digested a handful of weak earnings and remained jittery over the political turmoil in Libya.
Traders tell me stock markets are down in Europe today over fears about how its world class exporters could be hit by rising oil prices, specifically in emerging markets.
Here's why you should keep a close eye on these six stocks.
The mass protests in Bahrain will make the country stronger and not lead to the fall of the ruling royal family, the boss of Bahrain's sovereign wealth fund has told CNBC.
Singapore's January CPI grew 5.5 percent year-over-year, its greatest jump since December 2008. The country's statistics agency cited higher car, fuel, housing and food costs for most of the increase. Singapore's Straits Times index is now down over 9 percent from its November high.
Oil prices will need to rise another 50-60 percent before energy costs put a squeeze on consumers with the same impact as 2008, according to the fixed income team at Credit Suisse.
Stock index futures pointed to a slight rebound for Wall Street on Wednesday after stocks tumbled in the previous session amid growing concern over the political turmoil in Libya, where Moammar Gaddafi vowed to crush the revolution.
Muammer Gaddafi’s family has built up vast business interests in sectors ranging from oil to hotels during his 41-year rule, giving it a hold over large swathes of Libya’s economy, according to US diplomatic cables and governance groups, reports the Financial Times.
See what's happening, who's talking and what will be making headlines on Wednesday's Squawk on the Street.
Driving his black Mercedes-Benz over the Fourth of July weekend, a Morgan Stanley Smith Barney broker, Martin Joel Erzinger, hit a cyclist, leaving the rider seriously injured on the side of the road, the New York Times reports.
The second leg of the US housing downturn will continue throughout the year and could be nasty if a vicious circle of falling prices and rising foreclosures continues, according to Capital Economics.
China may be increasingly capitalist in inclination, and at ground level. But no one should forget that it’s still a communist, command-driven economy. If “Don’t fight the Fed” is the mantra in the United States, “Don’t fight the Party” is a wise motto for investors in the Middle Kingdom.
Markets are grappling with new concerns that rising oil prices could stifle the economic recovery and steal away stock market gains.
On a day that saw red across the major U.S. indices, none was harder hit than the Nasdaq and it's no surprise tech high-flyers were among the biggest causalities.
Wall Street's favorite fear meter jumped more than 26 percent Tuesday, its biggest one-day gain since May, as stocks swooned on fears the Middle East turmoil would spread and oil prices would continue to climb. The VIX, the CBOE's volatility index, finished the day at 20.80.
Stocks tumbled as the unrest in Libya—and the cut-off in Libyan oil supplies—sent oil prices soaring and gave skittish investors a reason to sell stocks in a market that had climbed to multi-year highs. Alcoa and JPMorgan fell, while Kraft gained.
Now that unrest has spread to a major oil-producing country, are stocks in for a more volatile period? Could we push higher with higher volatility and uncertainty?
Harold Ford, Jr., the former Tennessee congressman who left politics for Wall Street four years ago, is moving from Bank of America Merrill Lynch to Morgan Stanley.
Stocks held steep losses into the close as the unrest in Libya sent oil prices soaring and gave skittish investors a reason to sell stocks in a market that had climbed to multi-year highs. Alcoa and Bank of America fell, hwile Kraft rose.
As oil prices race toward $100 a barrel, the expectations that gasoline prices will catch fire are running high.