According to the Labor Department, new jobless benefit claims dropped to a seasonally adjusted 439,000, marking the fourth drop in the last five weeks. Art Cashin, director of floor operations at UBS Financial Services shared his market outlook.
Ahead of a long Easter Weekend, and historically on average the U.S. Major Indexes have been relatively negative on the Monday following Good Friday.
It looked an old backhoe running out of gas. But looks can be deceiving. So how is Guy Adami playing Caterpillar now that shares have bulldozed higher?
Waxman is in effect declaring war on bookkeeping. The real trouble here is that by removing the tax benefit, these very same companies may reduce or even eliminate retiree drug benefits, and then thrust them on We the Hapless Taxpayer through a big cost-shift to Medicare. Instead of blaming business, Mr. Waxman should blame himself and Obamacare.
Honeywell International increased its first-quarter earnings outlook Tuesday and said it will log a $13 million non-cash charge in relation to the recent health care overhaul legislation.
An association representing 300 large corporations is pressing for the repeal a provision of the health care overhaul that prompted AT&T, Caterpillar and other companies to announce substantial charges, the NYT reports.
Markets advanced Monday after a reported showed consumer spending ticked higher last month. Boris Schlossberg, director of currency research at GFT Forex, Peter Beutel, president of Cameron Hanover, and Todd Colvin, vice president of MF Global, shared their outlooks on equities, currencies and commodities.
Companies are increasingly sharing their record cash hoard with investors, and that trend should accelerate with a new wave of increased dividends and buybacks this quarter, according to a report from an investment bank.
The US isn’t number one anymore. Find out how this affects your trading strategies.
US Stocks rose for the third consecutive week, with the Dow halting its eight-session winning streak on Friday.
Stocks rose for a fourth straight week, ending with a rocky session on Friday as news of help for Greece got the market off to a positive start but the sinking of a South Korean naval ship rattled the market.
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Now that President Obama has rammed through his trillion-dollar gut renovation of U.S. health care, here are six provocative questions on what we have wrought.
AT&T joins Deere and Caterpillar in taking a charge (in this case, $1 billion) due to the health care reform bill. You will be hearing this from many companies. In this case, there is a charge to earnings this quarter for companies that get a 28 percent subsidy from the feds for prescription drug coverage for their Medicare retirees. That subsidy is being reduced.
After traders celebrated what was cynically dubbed “Dow 10k 2.0” just 5.5 months ago, the Dow Industrials is now just a small hop away from regaining the 11,000 level. Once it reaches that level, the Dow will have rallied 68 percent from its March 2009 low.
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The S&P 500 and Nasdaq ended slightly lower Thursday after comments from ECB President Trichet gave the dollar a boost. Financials advanced, while energy and materials stocks declined.
Stocks rallied Thursday, led by banks, after testimony by Fed Chairman Ben Bernanke on Capitol Hill and some encouraging earnings reports.
Stocks bounced back Thursday after a drop in the previous session as the latest batch of earnings reports beat expectations.