There is a very powerful growth impulse coming from China's export sector that could boost its economy over the coming quarters, say economists.» Read More
The good news is that we broke the three day jinx and did not end at our lows for the day. More good news: retailers for the most part did not drop, despite poor January sales. The bad news: a stronger midday rally was quashed. Worse, selling intensity picked up notably at the top, which occurred right after 2 PM ET.
Germany's Deutsche Bank reported better-than-expected fourth-quarter earnings Thursday, with smaller quarterly writedowns related to credit and subprime losses.
Cisco's downbeat earnings comments could make a dent in stocks Thursday morning. Ahead of the opening bell, investors will also be watching rate meetings by the European Central Bank and the Bank of England.
Futures dropped at 8:30 ET because jobless claims numbers higher than expected have somewhat hopes that the nonfarm payrolls report tomorrow will be stronger than expected. There are two noteworthy trends from companies announcing earnings:
Standard & Poor's fired a fresh shot across the bows of the battered European banking sector on Wednesday, cutting its outlook on five European banks to negative from stable, suggesting downgrades are more likely.
It will take at least a year to assess the impact that the fallout of the U.S. subprime crisis has on the European banking sector, but investors can bottom fish for some good opportunities, analysts said on Monday.
There seems to be a “coalescence” of good news for the market, Cramer says.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Indian billionaire Anil Ambani's Reliance Power raised $3 billion within a minute when the country's biggest initial public offering was fully subscribed on Tuesday as investors flock to new issues in the booming economy.
Citigroup and Merrill Lynch were the world's top underwriters of stocks and bonds in 2007, measured by volume and reported fees, despite being at the epicenter of the global credit crisis.
Stocks posted their biggest gains in a week even though a series of strong economic reports cast doubts about whether the Federal Reserve will cut interest rates next week.
Josef Ackermann, Chief Executive of Deutsche Bank, has turned down an approach from Citigroup about taking the CEO job vacated last month by Charles Prince, the Financial Times reported.
Selling in the financial sector bit into Tuesday's stock market performance and could do the same Wednesday. After the bell Tuesday, Fannie Mae announced that it was issuing $7 billion in preferred stock and chopping its dividend by 30 percent.
Deutsche Bank is threatening to abandon plans to back Virgin Group's bid for Northern Rock, according to the Sunday Telegraph newspaper.
Stocks closed sharply higher after a rebound by the battered financial sector spread across the entire market.
Deutsche Bank signalled on Wednesday it could be interested in buying Deutsche Postbank, Germany's biggest retail bank.
Leading European bank stocks tumbled on Friday as worries mounted that the U.S. subprime crisis has taken a sharp turn for the worse and will force another round of hefty writedowns of bank exposures.
A cynical manipulation of the news flow or an honest miscalculation of windfall revenues? I don’t have an answer, but there was some surprise this morning that Deutsche bank results were slightly better than the guidance issued just four weeks ago. In the end, pretax profit for the third quarter was 200 million euros ($288 million) better than had been signaled, at 1.4 billion euros. In reality, I don’t think the spin of beating guidance will have distracted the market much from the unpleasantness contained in the divisional breakdown.
Deutsche Bank's investment banking business made a loss of 179 million euros ($258 million) in the third quarter as global market turmoil left its mark on Germany's biggest listed bank.
The world's top banking lobby on Sunday accepted responsibility for the U.S. subprime lending crisis and launched a broad reform program designed to mend cracks in ailing credit markets.
Citigroup said third-quarter profit fell 57 percent, hurt by losses and writedowns for subprime and leveraged loans, fixed-income trading and weakness in its consumer business.