Stocks rallied Tuesday after a better-than-expected manufacturing report and some decent earnings reports. Merck and Chevron led the Dow. Kraft was the biggest drag.
With the euro appearing to stabilize on Tuesday, should you bet conditions in Europe are starting to even out. Or is this the calm before the storm?
Stocks rallied Tuesday after a manufacturing report blew past expectations and some decent earnings reports. Merck and Chevron led the Dow. Kraft was the biggest drag.
While the Greek stock market is down 2.4 percent this morning, most of the rest of Europe is up fractionally. China, Hong Kong, Taiwan and Malaysia markets are closed due to the Chinese New Year, while Brazil is in the middle of Carnival. Barclays rose 11 percent pre-open, as it reported profits nearly double that of 2008. And Simon Property Group made a $10 billion offer to buy all of General Growth Properties.
Investors return from the three-day holiday Tuesday and stock index futures pointed to a strong start for the broader markets.
Is the rally just recharging or are we about to lose our shirts again?
Friday's late day reversal seems to have calmed overseas markets; European indices are plus or minus one percent for the most part, though Greek bonds are again weak. There are 3 percent to 4 percent declines in European banks. These banks have recently been dragged down by concerns of exposure to worrisome bonds issued by Greece, Spain, and Portugal.
S&P 500 futures lost about 4 points on the disappointing weekly initial jobless claims number. Sovereign debt issues, which popped up again yesterday, are back down in a big way today: Portugal down 3.2 percent, Spain down 2.6 percent, Greece down 1.7 percent. European banks are weak.
In the aftermath of the financial crisis, how are the brand values of the world’s major banks holding up? The latest report from independent consulting firm Brand Finance sounds an optimistic note — especially for HSBC, which has retained the top spot for the third year in a row. David Haigh, CEO of Brand Finance, shared his findings with CNBC.
More than a year after the collapse of Lehman Brothers, former Treasury Secretary Hank Paulson admitted that saying the bank would not get a bailout, was a ploy in the negotiations over the failed institution.
There is no evidence to suggest that big is bad in the financial sector and regulators should not seek to break up the large banks, Bob Diamond, president of Barclays, told CNBC Wednesday.
Specialist business continues to consolidate: LaBranche trades up 30 percent after the close, in a deal that makes Barclay's designated market maker unit the largest DMM at the NYSE.
Specialist firm LaBranche halted for News Pending. Rumors that the firm has been for sale has been around for months now....
When General Electric was forced to call in Warren Buffett to help it raise money on in the international capital markets on Oct. 1, 2008 the entire corporate landscape changed.
After Alcoa kicked off earnings season with a miss, will profits and outlooks will be strong enough to extend the market's advance?
U.S. jobless claims rose more than expected last week—by 17,000 to 474,000—after five straight weeks of declines. Art Cashin, director of floor operations at UBS Financial Services, shared his market insights.
Mad Money host and former hedge fund manager, Jim Cramer, provides stock traders with all manner of investing advice.
Monday, 17 Jun 2013 | 8:18 PM ETBeijing is hoping that building more cities will create wealth for its people but as CNBC's Eunice Yoon reports, it's also fueling a debilitating rise in property prices.
Monday, 17 Jun 2013 | 5:00 PM ETFundamentals haven't changed enough to substantiate worries that the Fed would cut back on quantitative easing yet, Josh Brown of Fusion Analytics says.