Wednesday, 18 Nov 2009 | Source: The Associated Press
Soros Fund Management, the hedge fund run by billionaire investor George Soros, increased its holdings in U.S. stocks to $6.2 billion from $4.2 billion and bought a stake in Ford Motor.
Monday, 16 Nov 2009 | Source: The Associated Press
Home Depot Inc., the largest U.S. home-improvement retailer, reports earnings for the fiscal third quarter on Tuesday. The following is a summary of key developments and analyst opinion related to the period.
Lowe's, the second-largest U.S. home improvement chain, posted a 30 percent drop in quarterly profit as consumers put off big renovations as the U.S. housing market remains sluggish, sending shares down 2.1 percent in premarket trading.
Stocks bounced back Tuesday after a sharp selloff Monday. Financials were among the day's biggest gainers and AmEx led the Dow after an analyst upgrade.
The "correction" many on Wall Street had been waiting for finally happened on Monday - now, the question is how long it will continue. Based on activity in overseas markets and U.S. stock index futures, Monday's drop may be a one-day wonder, with all signs pointing to a rebound at the open.
Monday, 16 Nov 2009 | Source: The Associated Press
Lowe's Cos. said Monday it is expecting consumers will spend cautiously this holiday season on trees and gifts like power tools but said it sees signs the housing market is slowly improving.
In what appears to be a bet consumers will stick with discount retailers even after the economy rebounds, Warren Buffett's Berkshire Hathaway increased its Wal-Mart holdings by almost 90 percent during the summer.... Read More
The dollar is again weak this morning, and commodities are rallying: gold and copper are at new highs, while commodity stocks like Rio Tinto and AK Steel are up 4 to 5 percent.... Read More