CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a vote in favor of the 4-month extension on the Greek debt by the German Bundestag.» Read More
Stocks closed mostly flat Wednesday after an up-and-down day punctuated by negative economic news and a lowered growth forecast by the Federal Reserve.
Does the Federal Reserve mean it could take up to five to six years to get the economy performing to its potential? It does not mean we will be in recession that entire time. In fact, the Fed sees growth of 3 percent this year, accelerating to 4 percent in 2012.
Here's an interesting tidbit from the semiconductor world — and it has nothing to do with Intel, at least not yet.
Intel trading action today: how disappointing? Intel, which was trading up 7 percent pre-open, opened at $22.06 and moved in a slow, straight line downward to close at $21.36 (up 1.6 percent) on huge volume—nearly 200 million shares, almost three times normal volume.
Smart Technologies (SMT) set to price on NASDAQ tonight. Price talk is 35.3 million shares at $16-$18; my sources tell me the book was closed at noon today (usually a sign of strong demand).
Several Wall Street firms are looking to expand their asset-backed trading. UBS has added 350 new traders and salespeople over the last 12 months; Morgan Stanley has hired 250 people in new fixed income and is expected to hire 200 more.
"Five to Six Years for the economy to fully recover? Give me a break!" That was the cry from one trader on the NYSE floor as our Steve Liesman read the headlines from the FOMC minutes from June 22-23.
Simon Baker, the founder of Baker Avenue Asset Management, got his start managing wealth at big Wall Street firms. But the U.K.-born money manager bristles when presented with arguments for the traditional "buy and hold" methodology still touted by his various alma maters.
Here's the case for how Verizon might break itself in half, holding on to sexy and dumping the fusty. Verizon itself has been shedding high-cost, old-fashioned phone lines in more rural markets. Why not elevate that idea to a grander scale?
Investors concerned about a double-dip can shield themselves with large-cap companies that have global reach and ample cash to withstand a slowdown.
Apple, Google, Amazon and Microsoft are the so called "Four Horsemen" of the tech stock world and sit in many porfolios. But what other tech stocks should investors consider? Kim Caughey, senior equity analyst at Fort Pitt Capital Group and Randy Bateman, chief investment officer at Huntington Funds, stopped by to offer their picks.
Two barometers of the US economy are moving in different directions, sending mixed messages about the depth, breadth and speed of the recovery.
While most traders do not believe Apple will do a recall of the iPhone to address the antenna issues, a recall would not cause immense damage to the company, according to several analysts.
Stocks climbed into positive territory at the halfway point Wendesday, led by technology, after Intel's strong earnings and outlook. Financials were mostly lower.
Today's six stocks worth watching.
Markets opened lower on Wednesday after a report showed retail sales fell for a second straight month and report out of Europe that several banks will fail their stress tests. Madelynn Matlock, director of international investments at Huntington Funds and John Browne, senior market strategist at Euro Pacific Capital discussed their insights.
Participants in that auction tell me, in recent days, it has slowed and while there was significant interest from PE initially, that interest is now being described as more modest, though bankers tell me a few sponsors continue to work on a deal.
BlackRock is out with its third quarter allocation report, and Robert Doll, BlackRock vice chairman, along with Curtis Arledge, BlackRock cio of fixed income, fundamental portfolios, gave their outlook on the economy and the markets.
Intel's conference call was about as optimistic and bullish as any I've heard.
Add Clorox to the "One Decision" stock member club because this company is so strong that the thought of selling won't enter your mind.