The monthly nonfarm payrolls report takes the spotlight next week as investors continue to look for guidance on the timing of an interest rate hike.» Read More
Talk about choppy trading...transports led yesterday, UP 135 points, today they lead the decline, DOWN 135 POINTS! Techs were strong yesterday, leading decline today; consumer discretionary like retail and home builders all led the market up yesterday, all weak today. In other words, all the higher beta names are weak.
Huge moves up in the yield of Greek paper and a growing concern about other EU members and their ability to grow out of large budget deficits has investors thinking twice.
U.S. stocks fell sharply Tuesday, with the Dow down more than 200 points, as the dollar rallied against the euro amid worries about the European debt crisis.
The Obama administration continues to argue that its massive federal-spending campaign is essential to economic recovery. Yet the latest GDP report from the U.S. Department of Commerce shows that the 3.2 percent first-quarter economic growth rate got no help from government spending.
Markets opened lower Tuesday, with the Dow down more than 100 points, as the dollar firmed amid worries about the European debt crisis. Uri Landesman, president of Platinum Partners and Ethan Anderson, portfolio manager at Rehmann Financial discussed their outlooks.
Financial regulations could significantly influence UBS' profitability in both the near and long term and they will constrain the Swiss bank from resuming dividend payments, CFO John Cryan told CNBC Tuesday.
Mr. Buffett understands risk and how markets work. He knows that in the world of buying and selling complex financial instruments, responsibility is a two way street. Caveat emptor.
Stocks are likely to continue rising, underpinned by fundamental factors as well as by lack of alternatives to park money, but investors may pause for breath, Bob Doll, vice chairman of BlackRock, told CNBC Tuesday.
McMoRan Exploration rallied on a major oil discovery in January, only to fall back to earth in the last two months. Now the bulls are back.
U.S. stock index futures pointed to a lower open Tuesday as investors braced for the next batch of corporate earnings and economic data to get further insight into the outlook for the economy.
The Greek debt crisis is beginning to take a back seat, while the earnings season has got off to a solid start, therefore stocks are once again a good place for investors, Bruno Verstraete, CEO of Nautilus Invest in Zurich, told CNBC Tuesday.
For now, Greece has been saved but at what cost? The sums involved are staggering and could have been much lower if the euro zone's governments had appreciated the size and scale of the problem earlier and learned the lessons of history.
Despite yields on Greek debt falling after the bailout deal, analysts and investors warn that there are still pitfalls that could threaten the single European currency.
Already markets are looking ahead to Friday's jobs report, as better U.S. economic data put some spring into stocks Monday.
Talk about a revised bid! Simon Property originally bid $9 for General Growth Properties, forcing GGP and equity partner Brookfield to submit a revised bid to the bankruptcy court so that GGP can emerge from bankruptcy and management could retain control of the company. Right at the close today, the WSJ said that SPG has offered $18.25 a share, TWICE its original offer.
Stocks closing near highs for the day; the big beta names are the movers. REITs, Transports, Home Builders, Retailers, Casinos all leading the charge. Dow Transports the first of the major indices to punch through to new closing high. BUT also bear in mind that this is the first day of the month, when new trades are often put on.
"The Rock" is still held by many as a solid name when it comes to insurance and Prudential is reaping the benefits of that image, according to Andrew Kligerman, a life insurance analyst at UBS.
The Dow jumped 1.3 percent Monday, its biggest gain in over two months, after some positive U.S. economic reports and details of a European financial rescue package for Greece.
The massive oil spill in the Gulf of Mexico has negatively impacted the shares of the companies involved. Will it have a direct effect on crude oil prices? Jason Gammel, managing director of research at Macquarie, and Fadel Gheit, managing director and senior analyst at Oppenheimer, offered CNBC their insights—and stock calls.
The rental car industry is heating up, as Avis' chairman and CEO sends a letter to top executives at Dollar Thrifty.