Stocks in the U.S. are leaning towards a higher open, as investors brace for a barrage of earnings news. Oil is bucking its recent downtrend and is slightly higher as cold weather finally settles into the Northeast. European stocks are trading higher, helped by mining, metals and oil stocks. Asian markets closed higher with Tokyo at a 9-month high.
Stocks in the U.S. look set for a weaker opening, influenced by touchy tech stocks, earnings, and the big decline in oil. Dow components GE and Citigroup both reported earnings early today. GE's 12 percent increase was in line with expectations and Citigroup's lower profits were a bit better than Wall Street expected. Citigroup also raised its dividend by 10 percent.
The pace of U.S. home construction in December came in better than expected this morning – although housing starts ended in 2006 at a 15-year low. The better news somewhat brightens a down housing market--which has been offering a mixed bag of investment opportunities. But is there someplace else to go? Yes--as investors are now looking for opportunities in overseas REITS...
Inflation in Ireland has reached a four-year high of 4.9%, the government's Central Statistics Office reported Thursday, citing a surge in mortgage and fuel costs as well as a hike in tobacco taxes.
Did you do better than 14.8% last year? I ask because that is what Bob Mckee at Independent Strategy claims for the clients that followed his advice in 2006. The brave part of the advice was to underweight equities.
European car sales rose only slightly last year despite economic growth speeding up to the fastest rate since 2000, the manufacturers' association ACEA said Tuesday.
Bulgaria's consumer prices rose by 1.2% in December from a month earlier, the government reported Monday.
A sobering assessment of growth prospects in the developed world from Carl Weinberg, High Frequency Economics.
European regulators said on Thursday they had approved proposals for pan-European bourse operator Euronext to merge with the New York Stock Exchange to form the first transatlantic bourse.
Russia on Thursday resumed pumping oil to Europe via Belarus, ending a three-day suspension of supplies, the Russian state pipeline operator said.
Controversial soccer star David Beckham is still talking to Real Madrid about a new contract and reports to the contrary follow misinterpreted comments by Real's sporting director, the club and the player's spokesman said.
Karl-Heinz Grasser is set to stay on as Austrian finance minister in a new coalition government agreed on Monday by the country's two mainstream parties, a newspaper reported on Monday.
An energy crunch that chokes fuel supplies, dims the lights at homes and workplaces, and ravages Western economies may no longer be the stuff of 1970s history books. It could be a vision of the near future.
It was never going to be an easy start to the European trading day after U.S. investors decided they didn't like the Fed minutes.
U.S. acquirers spent $109.6 billion buying European companies in 2006 over a total of 740 transactions. That marks almost a 15% increase over the number of deals in 2005.
Two different armed groups have lifted sieges of two oilfield stations in Nigeria, releasing at least 20 workers, industry spokesmen said on Thursday.
Royal Dutch Shell Wednesday said it hired Gale Norton, who stepped down as interior secretary on March 31, to serve as a counsel for the oil company.
The European Union on Friday cleared the proposed takeover of British steelmaker Corus Group by India's Tata Steel.
Airbus' chief said Thursday the European aircraft maker is "fully committed" to the revised delivery schedule of its A380 superjumbo, with the first plane due in October, and was hopeful of securing more orders in 2007.
There a little bit different take on today's "Stock Screener" segment--with a look at the ADR market. It had a banner year abroad--but not quite as stellar in the U.S. and that's casing more doubt on whether New York is still the world's financial hub. Contributor Ian McDonald from The Wall Street Journal sorted through the ADR market on "Power Lunch."