Australia's consumer prices cooled in the third quarter, giving the central bank room to hold interest rates low for longer.» Read More
Peter Boockvar at Miller Tabak had the most succinct comment: "If this is the reward for bailing out entire countries, why bother?...What the market is telling the European Union loud and clear is that they have no faith..."
The boost to stocks as European Union officials endorsed the $115 billion debt bailout has proved short-lived. The euro has weakened, the dollar strengthened (to a 2-month high), and most major bourses in Europe are down about 1 percent after being up overnight
Most major European indices are down 1 percent to 2 percent, as more sovereign debt contagion worries spread. Europe’s FT Deutschland newspaper reported that euro zone countries are seeking to push Portugal to accept a bailout package to prevent its bigger neighbor Spain from doing the same. Portugal has denied the report.
How quickly could situation in Europe escalate? This market 'tell' may help you gauge if or when they near their tipping point.
U.S. prosecutors Wednesday arrested an employee of an "expert networking firm" on charges that he promoted the firm's services by arranging for corporate executives to leak inside information to hedge funds.
Several issues around euro zone bailouts, traders tell me: Ireland, Portugal and Greece. Is this the end or are we watching for other like Spain to follow suit? What about other 'peripheries' we haven't really been discussing, like Hungary, Czech, etc. And there's more...
The SEC is examining whether Charles Schwab misled its clients about a fund that was supposed to be safe, but was packed with subprime investments, the New York Times reports.
The American Bankers Association has put out a statement intended to “clarify” the legal limitations on the duties of trustees in mortgage-backed securities deals.
The most telling sign that mergers are poised for a revival? Risk arbitrage has come back from the dead. Hedge funds are now pouring money into the strategy of betting on the outcomes of deals, the New York Times reports.
As lenders have reviewed tens of thousands of mortgages for errors in recent weeks, more and more homeowners are stepping forward to say that they were victims of bank mistakes — and in many cases, demanding legal recourse. The NYT reports.
Stocks shaved off some of their earlier losses as techs staged a late-afternoon rally, but still closed mixed as investors considered news that the Federal Reserve may not provide as much stimulus to the economy as had been anticipated.
Stocks extended their losses Wednesday as concerns grew after a report suggested that the Federal Reserve's next round of quantitative easing will be less aggressive than expected. Home Depot and HP fell, while BofA and AmEx rose.
What follows is a roundup of corporate earnings reports for Wednesday, Oct. 27.
U.S. stock index futures briefly extended losses Wednesday after durable goods orders rose more than expected in September, but fell when transportation equipment was excluded.
See what's happening, who's talking and what will be making headlines on Wednesday's Squawk on the Street.
Lacking any big surprises, the markets may seem to be on cruise control in the coming week, as investors await the U.S. mid-term election and the Fed's November meeting.
How much antipathy does America have against Wall Street?
Although many top analysts manage to hold onto their #1 spot each year, 2010 has 12 analysts claiming top honors in their sector.
So, which top analysts have year after year withstood the test of time and are among the most successful on the street? Click to find out!
A bigger issue emerging is what those robosigners, perhaps unbeknown to them, were covering up—big flaws in mortgage securitization that could open the floodgates to investor lawsuits against trusts.