European stocks finished slightly higher on Wednesday, as investors remained cautious ahead of the latest Fed decision and digested earnings. » Read More
You want another sign that we're in a new financial bubble? Here you go: drunk traders bragging about bonuses and buying ridiculous toys.
Stocks closed lower Tuesday, retreating from multi-year highs, led by energy and materials stocks, as investors digested a mixed bag of economic news, including disappointing retail sales in December and a spike in import prices. Exxon fell, while Verizon rose.
Stocks retreated from multi-year highs on Tuesday, led by energy and materials stocks, as investors digested a mixed bag of economic news, including disappointing retail sales in December. Exxon fell, while Verizon rose.
Anyone who cares about deals would do well to read Monday’s opinion from Chancellor Laster in the litigation brought by shareholders against Del Monte Foods.
Stocks continued to trade off multi-year highs after a slew of economic news, including a weak reading on December retail sales. Exxon and DuPont fell, while JPMorgan rose.
As lovers of U.S. stocks sit back, smile, and watch the S&P 500 climb higher and higher, emerging market investors are pulling their hair out. China’s Shanghai Composite down 6 percent from November 2010 highs, Brazil’s Bovespa is down 9 percent, and (saving the best for last) India’s Sensex Index is down 10 percent.
After appearing on "The Strategy Session" on Monday, Michael Gavin, managing director and head of emerging markets strategy at Barclays Capital spacer, continued the discussion off-air with David Faber, about how investors should weigh the risk of sharp price appreciation against the rewards of high-octane growth in India.
Inflation worries over emerging markets are cyclical and short-term, Michael Gavin, managing director and head of emerging markets strategy at Barclays Capital spacer, told CNBC on Monday.
The stock market's easy glide higher could continue in the week ahead, as its steady advance draws in fresh money. But investors will continue to watch for signs of a pullback, now that the market is up nearly 6 percent since the start of the year.
"All the trading on Egypt happened last week," says Ben Willis of Sunrise Securities.
Security officials are warning the leaders of major Wall Street banks that al Qaeda terrorists in Yemen may be trying to plan attacks against those financial institutions or their leading executives, NBCNewYork has learned.
The World Economic Forum is making a commitment to increase the visibility of women at Davos 2011 by instituting a gender quota.
Twelve of the 13 most important U.S. financial firms were at the brink of failure at the height of the credit crisis in 2008, according to previously undisclosed remarks made by Federal Reserve Chairman Ben Bernanke in November 2009 to an investigative panel.
More banks in Europe will have to be bailed out because of the sovereign debt crisis, but overall the situation the in euro zone is improving, Harvard Professor Ken Rogoff said.
Bob Diamond will stamp his authority on Barclays next month, when the incoming chief executive announces a radical overhaul of the way it pays its top bankers as part of a broader strategic review that could see the group shed staff and put increased pressure on underperforming businesses. The FT reports.
Stocks closed far off the lows of the session, with the broad market ending largely flat, as investors weighed mixed earnings and economic reports and tech stocks sank for a second day.
Stocks held slight losses before the close, after a breif stint in positive territory, as investors weighed mixed earnings and economic reports and tech stocks sank for a second day. Caterpillar and DuPont fell, while Home Depot rose.
The long awaited layoffs at Barcays Capital are underway.
Bob Diamond, the CEO of Barclays, told lawmakers on Wednesday the time for "remorse and apology" is over and attempted to convince politicians that "we need banks willing to take risks, to be confident and work with the private sector in the UK to create jobs and improve economic growth." Diamond said he wished the bonus issue could go away, and he might just get his wish.
Stocks closed up modestly, easing off the highs of the day, as upbeat earnings reports and rising commodity prices gave a lift to the market. BofA and Intel rose, while Verizon fell.