A flurry of acquisitions of coal assets by Japanese firms signals that some trading houses are betting a depressed coal market is bottoming out.» Read More
Citigroup was forced to write off $50 million after two traders accused of attempting to influence global lending rates left the bank, according to people familiar with a worldwide investigation that is gathering pace, the Financial Times reports.
More than a dozen traders and brokers in London and Asia have been fired, suspended or put on leave by their employers as a multinational probe into alleged manipulation of crucial global lending rates accelerates, the Financial Times reports.
Casino operator Caesar’s Entertainment, which holds its IPO on Wednesday, might not be a good bet for everyone, one analyst said.
As part of Tuesday’s offering, it will sell only 1.8 million shares to the public – a small 1.4 percent of the company. A select group of co-investors will also be allowed to sell a block of roughly 11 million shares once the stock opens for trading.
Stocks ended narrowly mixed in a lackluster session Thursday following a handful of mixed earnings reports, decline in weekly jobless claims and ahead of the government's monthly employment report due Friday morning.
U.S. stock index futures turned positive Thursday following news that jobless claims fell and as investors digested a handful of mixed earnings news.
Wall Street is losing confidence in online recruiter Monster Worldwide, as the company struggles to find its footing in the rapidly changing market.
A new employment report is on the way, and this strategist sees a trading opportunity.
Europe’s banking system is on the brink — and Wall Street is its bedfellow. So what does Wall Street want out of Europe's most elite economic confab? Skiing, distressed debt deals, and above all: solvency.
Correlations can help you trade, but they can also come back to bite.
With the Standard & Poor's 500 little changed last year, the last thing investors want to hear about is a scenario in which the index of the biggest U.S. companies plunges 40 percent. But a market strategist at Credit Suisse says it's possible.
The “Mad Money” host outlines what he plans to watch in the days to come.
Stocks rebounded from earlier losses to finish narrowly mixed Thursday, with the S&P adding small gains to the New Year rally, ahead of a key government employment report. Stocks had been under pressure earlier in the session amid ongoing jitters over the European debt crisis and a decline in the euro to its lowest level since September 2010.
S&P futures popped about 5 points as the ADP Employment Change for December came in much stronger than expected, at 325,000 jobs created, well above the consensus of 175,000. This bodes well for the December nonfarm payroll report, out tomorrow.
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The euro’s dramatic slide to the year’s lows in light trading is a likely prelude to more weakening in the New Year and highlights the long haul ahead for the euro zone’s debt crisis.
China’s surprise currency deal with Japan does little to chip away at the dollar’s reign as reserve currency, but it could foreshadow an era when the yuan becomes more influential, first in Asia, then around the globe.
Stung by souring loans and troubled government bond portfolios, many European banks are being forced by regulators to raise money to build up their cash cushions against future losses.
In a year when the S&P 500 may close below the forecasts of every single equity strategist, Deutsche Bank's chief U.S. equity strategist's call that the index would end the year at 1550 points was farthest off the mark, reports TheStreet.com.
Where's Mario? ECB head Mario Draghi did not show up for a planned news conference in Frankfurt. Meantime, Draghi's successful 3-year lending facility has not just eased funding difficulties for European banks—it's ignited a 3-day rally in European and U.S. banks.