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With reassurances that the Fed will keep on easing, markets turn their attention to the European Central Bank Thursday, hoping for a rate cut.
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Stocks finished a back-and-forth session sharply higher Wednesday as investors bought bargains despite concerns about the strength of the economy and upcoming corporate results. Here’s the word on the Street.
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Here at CES mega digital distribution deals are making headlines. Back in LA, the big news is still the writers strike--and surprise, the big news in both Las Vegas and Los Angeles are totally entwined. The writers are striking to get a bigger chunk of the revenue from the very digital deals announced at CES.
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Bill Gates is calling this period in the company's history the dawn of a new digital decade, and his annual, keynote address at CES is chock full of news, both technologically and financially.
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U.S. stocks ended the day flat but there was plenty of action as oil passed through par, gold hit a new high and Bed Bath & Beyond put up "beyond" bad numbers. All that and more in the "Word on the Street."
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Stocks closed lower amid fresh signs of weakness in the economy and uncertainty about whether the Federal Reserve will cut interest rates.
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Casino operator MGM Mirage posted lower-than-expected quarterly profit Tuesday amid slower condominium sales and weaker profits in Las Vegas.
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NBC Universal and News Corp's HULU.COM finally launches after six months, plenty of delays, name-calling, and mocking. The joint venture between NBC Universal and News Corp's Fox was announced in March, conceived as a media company-controlled way to distribute a broad range of professionally created content--a viable alternative to YouTube.
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MGM Mirage plans to announce a $5 billion project for a new resort and casino in Atlantic City, N.J. on Wednesday, in a move to expand its brand, the Wall Street Journal reported Wednesday.
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Cramer makes the call on viewers' favorite stocks.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.
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Here's the funny thing about the business of Hollywood (okay, ONE funny thing, there are a million others): you can never predict what characters will stand the test of time. In an effort to nudge more Americans to plan for disasters, the McCormick Tribune Foundation surveyed people about which fictional character they'd like help from during an emergency.
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Here's our Fast Money Final Trade. Our guys give you the last word in trading China.
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Stocks ended higher at the end of a quiet week of trading, as investors were encouraged by further moves by the Federal Reserve and a vote of confidence for the nation's largest mortgage lender. The Dow Jones Industrial Average posted a weekly gain of 1.8%, the S&P 500 rose 1.7% and the Nasdaq Composite advanced 2.1%.
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The hotel/casino sector was among the hardest hit during the past month as many of the stocks were pricing in a buyout or merger in the near future. This week shares are coming back after Dubai said it would invest $5 billion in MGM Mirage (MGM) and speculation increased 90-year-old billionaire Kirk Kerkorian would add a stake in Starwood (HOT). Why are some high rollers growing interested in the hotels again?
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A late rally pushed U.S. stocks sharply higher at the close as takeover news and rate-cut speculation overshadowed jitters about tighter credit markets. "We think that liquidity is returning to the market after being problematic," said Kevin Cronin, head of investments at Putnam. "We think the Fed's actions last week righted the ship."
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Wall Street prepares for lift off on the opening amid calmer credit markets, higher world stock markets and some merger news. European stock markets are comfortably higher, and Asia closed higher though Japan stocks were flat on the rising yen.
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Dubai World, the investment holding firm of the Dubai government, will acquire a 9.5 percent stake in MGM Mirage and 50 percent of the casino operator's CityCenter development project for $5 billion, a source familiar with the situation said Wednesday.
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Goldman Sashes and Deutsche Bank have withdrawn their commitment to underwrite a US$1 billion deal to finance films for Metro-Goldwyn-Mayer, the Financial Times reports.
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Cramer's steel favorites, how to make money on a merger and more...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.
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Stocks closed sharply lower as bond yields rose and higher oil prices sent energy shares tumbling. The Dow Jones Industrial Average finished down nearly 150 points. "Some traders feel the price of oil was a factor today," Peter Costa, senior managing director at Lipari Partners, told CNBC.com.
