The Justice Department is investigating whether an HSBC employee may have leaked information to a hedge fund, Dow Jones reported.» Read More
Risk aversion continues to be at the center of attention to kick off June. Following the Dow’s worst May since 1940, U.S. stock futures were notably weaker this morning. Also weighing on the European markets: political instability as Germany’s President Hoerst Koehler resigned and worries over future downgrades of European debt.
Moody's out again with the "may downgrade Portugal" line; Portugal down 1.7 percent, Spain down 2.4 percent, Greece down 4.9 percent. We have the British parliamentary elections on Thursday, as well as German regional elections over the weekend, which will be viewed as a referendum on Merkel's party and support for a Greek bailout. What's it all mean..?
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Cramer makes the call on viewers' favorite stocks.
As market participants anticipate possible stagnant growth in the coming quarters, investors might be more apt to get back to "old fashioned" investing with higher-yielding stocks.
UK insurer Prudential posted a 25 percent rise in 2007 profit on Thursday, broadly in line with forecasts, helped by growth in Asia and the absence of loss-making Internet bank Egg, sold to Citigroup in early 2007.
Britain's Prudential reported a 15 percent rise in nine-month insurance sales on Tuesday, at the high end of forecasts, as strong growth in Asia and the United States offset a shrinking business at home.