The S&P sectors leading the market rebound are the same groups that led the decline: Materials, energy and industrials.» Read More
Aluminum Corp of China (Chinalco) said on Monday it was content with the $14 billion stake it bought last week in miner Rio Tinto, dousing talk it was planning a rival bid to BHP Billiton's offer for Rio.
The retailers, financials, and home builders are leading the market down. Again. These groups have outperformed because of the short covering in the past two weeks; that bid may now be fading. But China? Lots to report.
Despite concerns about a weaker-than-expected jobs report, investors bid stocks higher, led by financial issues. Here's the word on the Street.
The week ahead may be volatile, but markets are greeting it with less anxiety than we've seen in several weeks.
Stocks closed higher as investors appeared more enthused about Microsoft's bid for Yahoo! than they were concerned about the latest signs of economic weakness. The three major indexes each gained about 3-4 percent for the week, but the market still has a way to go to recover from January's rout.
European stocks ended firmly higher across the board Friday, despite weaker-than-expected U.S. economic data, as China and U.S. aluminum producer Alcoa teamed up to buy a $14 billion stake in Rio Tinto.
If the deal comes in above $44 billion, this could be the biggest tech deal ever, topping the JDS Uniphase's $41 billion acquisition of SDL in 2000. It's also way bigger than Hewlett-Packard's $23.5 billion acquisition of Compaq in 2001.
China teamed up with U.S. aluminum producer Alcoa to buy a $14 billion stake in Rio Tinto on Friday and said it may make a bid, threatening miner BHP Billiton's efforts to win Rio.
Airline stocks have lost a lot of altitude in the last few months, but Raymond James airline analyst James Parker sees some of them getting a lot of lift.
With the big game just around the corner, here are some of the companies that are primed for big business on the back of Super Sunday.
Stocks closed higher in another jittery session, helped by expectations of another Fed rate cut and an economic stimulus package from the federal government.
The multinational trade is thriving as global growth continues unabated and regardless of the U.S. economic slowdown. But the best way to play the world’s booming economies can be right here at home. Guy Adami highlights his favorite U.S.-based multinationals.
Wall Street resumed its cautious stance Friday, giving up sizable early gains and closing sharply lower as investors played it safe and cashed in profits before the weekend.
As the markets continue to swing up and down, some of the biggest names in the Dow Industrials can be snapped up with fairly sizable yields.
The commodities boom may be one driver of inflation, but it been a powerful engine for emerging market economies and will very likely be a key component of the global growth equation in 2008. Government and corporate leaders from both developed and developing countries gathering in Davos Switzerland for the World Economic Forum’s annual meeting will be weighing in on that economic dynamic.
Jamie Baker thinks airline stocks are ready to take off. "We do see significant potential upside from here," the JP Morgan senior airline analyst told CNBC. He offered investors his top stock picks.
Airline stocks rallied last week on news that Delta Air Lines was mulling a takeover of either United Airlines or Northwest Airlines, suggesting that many investors think airline mergers are a brilliant idea.
Stocks rallied to close higher after a report that Bank of America is in advanced talks to buy troubled mortgage lender Countrywide Financial.
Alcoa said fourth-quarter profit rose 76 percent on restructuring and tax benefits, offsetting lower aluminum prices. Experts weigh in on how to trade the aluminum firm's stock and other metals and mining companies.
Aluminum producer Alcoa said fourth-quarter earnings soared 76 percent, buoyed by the pending sale of its packaging and consumer businesses.