Stocks could chop around and rack up more losses in the week ahead, with the next wave of corporate earnings reports.» Read More
China's economic growth for the first quarter of 2015 could well hit a multi-year low, experts say.
Bank of America Corp. rose$. 08 or. 5 percent, to $15.80. Citigroup Inc. rose$. 23 or. 4 percent, to $52.66. Goldman Sachs fell$. 06 or percent, to $195.58.
Crude futures relinquished early gains ahead of the close as a global supply glut continued to cap gains.
Bank of America Corp. rose$. 12 or. 7 percent, to $15.84. Citigroup Inc. rose$. 41 or. 8 percent, to $52.84. Goldman Sachs rose $1.67 or. 9 percent, to $197.31.
Bank of America Corp. rose$. 12 or. 7 percent, to $15.84. Citigroup Inc. rose$. 41 or. 8 percent, to $52.84. Goldman Sachs rose$. 78 or. 4 percent, to $196.42.
LONDON, April 13- The European Commission will meet bond market players in the next few weeks to discuss how to avert potentially disorderly market "flash crashes" when interest rates start to rise, EU and industry sources said. Although plans by the European Union executive for a Capital Markets Union to help companies access market funding include measures to...
Investors will get quarterly results from the nation's major banks in the next two weeks, including Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo. Part of the reason for the sharp increase is because Bank of America took a $6 billion charge last year for legal expenses. They got both, "said Nancy Bush, an independent banking...
History has not shown Wall Street banks to be particularly good at managing mutual funds, reports the New York Times.
*Australian dollar hit by shock fall in China exports. LONDON, April 13- The euro tumbled back towards $1.05 on Monday, hitting its weakest in four weeks as the dollar's resurgence continued on bets the U.S. The single currency fell as much as 0.8 percent against the dollar to trade at $1.05205, close to a 12- year trough of $1.0457 hit in March, with traders citing both...
LONDON, April 13- Brent rose towards $59 a barrel on Monday in a volatile market, continuing gains after a strong end to last week as financial traders increased bets on higher prices amid a slowdown in U.S. drilling. Front-month Brent crude futures were up 82 cents at $58.69 a barrel by 0934 GMT, having earlier touched $59.54. "We found a bit of a momentum this morning,"...
*Asia shares shrug off surprise fall in China exports. The Australian dollar fell nearly 1.5 percent after the data from China, which is the main market for Australia's exports of natural resources. Adding to the gloom for the Aussie, the World Bank also cut its 2015 growth forecasts for developing East Asia and China.
LONDON, April 13- Oil surged above $59 a barrel on Monday in a volatile market as traders covered short positions, after a strong end to last week as financial traders increased bets on higher prices amid a slowdown in U.S. drilling. Front-month Brent crude futures were trading up $1.40 at $59.28 a barrel by 0810 GMT, while U.S. crude had risen $1.22 to $52.86 a barrel.
*Australian, Kiwi dollars hit by shock fall in China exports. The Australian dollar, considered a liquid proxy of China plays because of the two countries' trade links, slid as much as 1.5 percent to $0.7570, bringing the Aussie back within sight of a six-year low of $0.7534 set earlier in the month. The World Bank also cut its 2015 growth forecasts for developing East...
Mutual funds created by the likes of Goldman Sachs have been drawing billions of dollars from investors but they face challenges, the NYT reports.
Front-month Brent crude futures were trading at $57.89 a barrel by 0356 GMT, up 2 cents since their last settlement, while U.S. crude was up 14 cents at $51.78. Many money investors are calling a bottom in oil prices, as speculators in U.S. crude oil futures and options raised net long positions by some 52 million barrels in the week to April 7, data from the U.S....
More than a year after taking office, NYC's mayor is engaged in courting he city’s most powerful private sector executives.
CNBC Pro highlights the five best strategy notes that came across our desk last week.
April 10- It took Blackstone Group LP less than four weeks after an approach from General Electric Co to clinch the biggest real estate deal since the financial crisis. As part of a wider restructuring, GE announced on Friday it would sell most of the assets of its GE Capital Real Estate unit to Blackstone and Wells Fargo& Co for about $23 billion.
Bank of America Corp. rose$. 01 or. 1 percent, to $15.72. Citigroup Inc. rose$. 30 or. 6 percent, to $52.43. Goldman Sachs rose$. 75 or. 4 percent, to $195.64.
Bank of America Corp. rose$. 04 or. 3 percent, to $15.75. Citigroup Inc. rose$. 52 or 1.0 percent, to $52.65. Goldman Sachs rose$. 03 or percent, to $194.92.