Chinese productivity growth has gone into reverse, highlighting the failure of recent reforms to set China on a sustainable development path.» Read More
Last week, Bank of America announced that it was halting foreclosures in all fifty-states while it reviewed its foreclosure process for defects. Now several lawmakers on Capitol Hill are calling for other banks to initiate nationwide foreclosure freezes—a move which the Obama administration is currently opposing.
Working as a trader or an investment banker at a European bank might be about to get a whole lot less lucrative. The FT reports.
The latest employment data doesn’t bode well for Friday's widely followed jobs report. Can the rally endure if employers slash more jobs?
Under Sam Zell, the Tribune Company was bankrupted by its debt, and employees describe a profane and alienating workplace, reports The New York Times.
Stock futures moved down as the ADP Employment report came in at a loss of 39,000, below expectations of a gain of 18,000. However, the August number was revised UPWARD, to a gain of 10,000, from a loss of 10,000, and this may have helped mitigate the modest 3-point decline in futures.
A long position in Deutsche Bank looked like a hot trade but all it did was burn. So how is Tim Seymour playing this stock, now?
The discreet sign by the door does not say Lehman Brothers. But step inside: a bit of Lehman lives on here in Manhattan, reports the New York Times.
"There is definitely a slow-down between the mid-part of August into labor day. But in the post labor day time frame there will be an acceleration of [IPO's] pricing—with two to three transactions priced next week," Brad Miller, global co-head equity syndicate desk, Deutsche Bank.
It's been years since I found myself staring agape at an IPO.
There are nearly 50 trading venues. Customers can interact in all of them--making today's trading so complicated.
Global markets are up about 1 percent this morning, with many banks up 3 percent on the new Basel III capital requirements. ... Still, there is plenty of concern that some banks will not even be able to make this level of implementation.
Stocks climbed Monday after global regulators said banks have until 2018 to comply with the new Basel III banking capital rules. Art Cashin, director of floor operations at UBS Financial Services, shared his market insights.
Top central bankers and bank regulators agreed Sunday on far-reaching new rules for the global banking industry that are designed to avert future financial disasters, but could also dampen bank profits and strain weaker institutions. The NYT reports.
Stocks closed higher after struggling to find direction much of the day amid light volume and ahead of a week filled with economic data. Chevron and Merck gained, HP fell.
If all goes well, the world will be a slightly safer place after top central bankers and bank regulators emerge Sunday from meetings in Basel, Switzerland. The New York Times reports.
Stocks are modestly higher after struggling to find direction much of the day amid light volume and ahead of a week filled with economic data. Merck and Chevron gained, HP fell.
Options trader Jon Najarian has a potential takeover candidate on his radar after spotting some unusual activity in the financials Friday.
Stocks rose Friday for a third session straight, with the energy sector in the lead. James Paulsen, chief investment strategist at Wells Capital Management, and Jack Ablin, executive VP and CIO of Harris Private Bank, shared their market outlooks.
Interesting developments in global markets, from financial firms to handset makers to semiconductors.
Investors are grappling with bullish fundamentals in the face of some challenging technicals. How should you position?