Stocks declined Tuesday, after soaring to new 2009 highs on Monday, as a report showed the economy grew less than expected in the third quarter and HP issued a cautious outlook.
U.S. food makers H.J. Heinz and Hormel Foods Corp said they expect sales to rise in the coming months as consumers stick to more frugal habits such as eating meals at home instead of going out.
Tuesday, 24 Nov 2009 | Source: The Associated Press
Big banks are roaring back. At crisis' edge last year, they are repaying billions of dollars dumped into their vaults to rescue them. Dividend checks are accumulating at the Treasury. Taxpayers won't recoup the full sum of the government's unprecedented infusion to the financial sector, but the returns are ahead of schedule.
U..S. stock index futures were mixed Tuesday after Monday's gains which gave the U.S. stock market a positive start towards continuing a historical trend.
Hewlett-Packard said a strong performance in China and improved profit margins in its services business helped drive quarterly earnings 14 percent higher.
Chinese banking regulators are putting pressure on the country’s banks to raise more capital and temper their rapid growth in lending, in the clearest signs yet of official concern about the sustainability of the nation’s credit boom, reports the New York Times.
Stocks opened higher Monday as the dollar pullled back and gold hit a new record above $1,170 an ounce. The Dow was up more than 100 points at the open and continued higher after a report showed a sharp jump in existing-home sales.
Tyson Foods posted higher-than-expected quarterly results on Monday on strength in its beef, pork and prepared foods businesses, which it expects to continue in its new fiscal year.
The ultralow interest rates the U.S. has been paying on its colossal debt may not last much longer, and the White House estimates that the tab will exceed $700 billion a year in 2019, the New York Times reported.
A holiday-shortened trading week begun with all signs pointing to a higher open for Wall Street on Monday, with the dollar weakening and gold hitting a new record high above $1,167 an ounce.
A week's worth of economic reports has been crunched into just three days this week, and Wednesday has its share of significant data, which include jobless claims, durable goods and consumer sentiment.... Read More