Stocks struggled Thursday as investors juggled a weak holiday outlook from Wal-Mart and a drop in jobless claims. Techs clawed higher, with huge gains in JDS Uniphase and AMD.
Stocks wobbled Thursday as investors juggled a weak holiday outlook from Wal-Mart and a drop in jobless claims. Techs clawed higher after some big news out of the sector.
U.S. futures remained slightly lower ahead of the open Thursday after Wal-Mart posted a 1.1 percent rise in third-quarter U.S. sales, compared to the same quarter last year, and U.S. mortgage applications pushed higher last week.
Andrew Ross Sorkin says so. Cramer talks Wall Street meltdown with the author of “Too Big to Fail.”
The Dow rose for a sixth straight session Wednesday as the dollar hit a new 15-month low after Fed comments and strong Chinese economic data. Financial, material and IT stocks were the biggest gainers.
Stocks opened higher Wednesday as the dollar fell to its lowest level in 15 months and economic data out of China was strong.
Stock index futures pointed to another higher open on Wall Street Wednesday as the dollar hit a new 15-month low after Federal Reserve officials reinforced the view that rates will remain low for some time.
The Dow eked out a gain Tuesday in light, choppy trading following Monday's rally. Health-care, utilities and materials were the best-performing sectors.
Treasury secretaries have made "a strong dollar policy" the key part of their rhetoric, but the currency has lost nearly a fifth of its value.
I'm back on the foreclosure bandwagon again, especially after getting the Treasury's Home Affordable Modification Program status report this morning, and its glaring omission of any information as to how many borrowers are actually keeping up with the payments on their trial modifications.
Stocks opened slightly lower Tuesday as investors took a breather after Monday's rally — but it was a short-lived breather with stocks bouncing back within the first hour of trading.
Some 650,000 borrowers have thus far received a trial loan modification under the Obama administration plan.
Futures indicated a slightly lower open for the U.S. stock market on Tuesday amongst mixed reports from corporates on earnings, outlook and employment and ahead of the Veterans Day.
One of the federal government’s most opaque methods for bailing out the banking system allowed a handful of giant institutions to save up to $25 billion on their borrowing costs, a Congressional panel estimated on Friday.
Nearly a year after leaving Bank of America under a cloud of controversy involving massive losses, executive bonuses, and lavish office decorating, former Merrill Lynch CEO John Thain is set to emerge from his self-imposed seclusion Thursday at a hedge fund event in Greenwich, Conn.
While US officials publicly support a strong dollar, in private they don't appear so worried about its recent slide.
Warren Buffett tells CNBC's Becky Quick that Berkshire Hathaway has talked to five big financial firms about buying their tax credits. Buffett says he can't name any names due to confidentiality agreements, but notes that Berkshire has been buying tax credits since 1990 and will continue to do so in the future.
The Treasury Department said Monday it will need to borrow $276 billion in the current quarter as it struggles to manage the government's books pending a decision by Congress to boost the debt limit.
The world will slump into a depression similar to that in the 1930s if stimulus measures are pulled out too soon, an economist warned. But investors have a chance to make good money in stock markets, a strategist said.
On the final business day of October, the Obama Administration released the most complete report yet on how the Recovery Act is performing in the greater U.S. economy.