Futures indicated a lower open for Wall Street on Tuesday, after the U.S. market's record-making day on Monday where the Dow Industrial Average reached a new 2009 trading high, close to the 10,000 mark.
A lot has changed since the 1980s, but some things stay the same: we‘re back to breaching all-time highs for the price of bullion.
Stocks shot out of the gate Monday, fueled by earnings optimism, but then pulled back near the final hour of trading as investors took some profits.
The stock market may be up, U.S. service industries may be recovering, banks may be lending again and housing prices holding. But one major piece of the recovery puzzle is still missing: a brighter employment picture.
State officials worked into the weekend as part of the most ambitious effort ever to calculate, in real time, the effect of a government spending program. From 11 jobs repaving a road in Caldwell, Texas, to one job helping run Utah food banks, to states were required to say exactly what became of billions in government aid.
Stocks opened higher Monday as better-than-expected third-quarter results began trickling in, boosting investors' optimism about the overall earnings season.
Futures indicated a mildly higher open for Wall Street on Monday as better-than-expected third-quarter results began trickling in, boosting investors' optimism about the overall earnings season.
“Hiring managers are increasingly prone to shopping,” one expert told the New York Times. “Even if the person across the table is great, there might be someone else even better.”
The employment crisis is expected to worsen as companies stay reluctant to hire. Many economists expect a jobless recovery, putting pressure on President Barack Obama and congressional Democrats to stimulate job creation.
The global recovery is being led by countries outside of the United States, and investors should look to multinational corporations to protect themselves against the weakening dollar, said David Darst of Morgan Stanley Smith Barney.
Fissures are developing among policy makers at the Federal Reserve as they debate how and when to start raising the benchmark interest rate from its current level just above zero.
Agriculture will be the biggest industry to profit from in the coming decades, well-known investor Jim Rogers told CNBC.
There has been quite a bit of newsprint, bandwidth and hot air invested in whether the Obama Administration might push for a second stimulus package. But when you look at the current stimulus package, it's a bit of a head scratcher, considering so little of it has been spent.
Australia's rate hike may not signal a stampede to raise rates. But smaller central banks could be tempted to tighten sooner rather than later.
Strong headwinds will hit the US economy once 2009's stimulus programs run out, Pimco's Mohamed El-Erian said Tuesday.
Economic stimulus has been a friend to the stock market this year, but investors are worried that the two may be parting ways in the coming months.
A "wall of liquidity" has helped prevent another Great Depression even though the economy faces a period of long, slow growth ahead, economist Nouriel Roubini told CNBC.
High unemployment and a lack of stimulus for private demand by countries like Japan and Germany could slow down the world recovery, famous bear Nouriel Roubini, chairman of RGE Monitor, told CNBC Monday.
The Bank of England has allocated all it intends to in quantitative easing, and will not exit the bond purchase program for another six months at least as the economic outlook remains shaky, a Reuters poll showed.
China has had recurring periods of greatness and recurring periods of disaster and now is the time to be in China, Jim Rogers, chairman of Rogers Holdings, told CNBC as China celebrates 60 years of communist rule.