Stock index futures pointed to a slightly higher open on Wall Street Wednesday, with futures for the S&P 500 up 0.23 percent, Dow Jones futures up 0.26 percent and Nasdaq 100 futures up 0.07 percent at 3:06 a.m. ET.
The rupee rose on Wednesday to pull back further from a two-year low touched in the previous session helped by a firm euro and domestic equities.
The Federal Reserve on Wednesday looks set to launch a fresh effort to invigorate the faltering U.S. recovery, embarking on what could be the first in a series of incremental steps to foster stronger growth.
Asian stocks drifted slightly lower Wednesday and the euro clawed back lost ground as investors waited for the end of a Federal Reserve policy meeting that may act to stimulate the U.S. economy.
UBS chief executive Oswald Gruebel said on Wednesday he still has support from the Swiss bank's board of directors, after unauthorized trading caused a $2.3 billion loss.
Greece should default on its debt and leave the euro currency if it wants to have a chance at prospering in the coming decade. (This goes for other Eurozone countries in a similar situation).
The number of people employed in South Africa's formal sector increased slightly in the second quarter, with the mining and retail sectors among those that added jobs.
South African stocks rose to their highest level in more than six weeks on Tuesday, bouncing back from the previous session's decline, with gold miners among the top gainers as the domestic currency falters and bullion prices cruise higher.
South Africa's rand briefly ploughed a fresh 14-month low against the dollar on Tuesday before wiping out most of those losses as comments that Italy is not likely to default on its debt helped ease some of the risk aversion that has beset emerging markets.
Toronto's main stock index rebounded on Tuesday, after touching a one-week low in the previous session, as bargain-hunters returned to the market and gold miners rose along with bullion prices.
The top pre-market NASDAQ Stock Market gainers are: Universal Display, ARM Holdings, Momenta Pharmaceuticals, Micron Technology, Sina, and Apple. The top pre-market NASDAQ Stock Market losers are: Mellanox Technologies, Logitech International, Netflix, ASML Holding, and Teva Pharmaceutical Industries.
FBR Capital Markets believes Prudential Financial Inc. (NYSE: PRU) will execute the $1.5- billion stock repurchase and will maintain an additional capital margin of $3.2 billion through the year-end 2013.
RBC Capital Markets hosted an Aerospace & Defense bus trip for investors in Philadelphia and New Jersey, visiting Precision Castparts Corp. (NYSE:PCP), Triumph Group Inc. (NYSE:TGI), The Boeing Co. (NYSE:BA) and TransDigm Group Inc. (NYSE:TDG).
China must reduce barriers to foreign companies if it is to meet its own development goals, the U.S. ambassador said in Beijing on Tuesday in a speech that reflected foreign investors' growing frustration with the pace of economic reforms in the country.
Standard & Poor's cut its unsolicited ratings on Italy by one notch on Tuesday, a surprise move that sharply increases strains on the debt-stressed euro zone and piles pressure on policymakers to take more decisive action to resolve the crisis.
Securities regulators have sent subpoenas to hedge funds and other trading firms in a probe of possible insider trading before the U.S. government's long-term credit rating was cut last month, the Wall Street Journal said, citing people familiar with the matter.
Standard and Poor's cut its unsolicited ratings on Italy by one notch, warning of a deteriorating growth outlook and damaging political uncertainty, in a move that took markets by surprise and added to pressure on the debt-stressed euro zone.
With the U.S. stock market tanking in late 2011 due to a myriad of issues, mainly the stagnant U.S. economy and Europe's sovereign debt, many investors have sold out and ducked for cover.
Shareholders are likely snapping up Apple stock in anticipation of the next generation of iPhone products – the iPhone 5, which many analysts say will receive unprecedented demand.
China will be the dominant economic power in 2030, even if the U.S. economy stages a turnaround as it did in the 1990s, argues Arvind Subramanian, author of upcoming book Eclipse: Living in the Shadow of China's Economic Dominance.
The top pre-market NASDAQ Stock Market gainers are: Sangamo Biosciences, Identive Group, Advanced Analogic Technologies, and DryShips. The top pre-market NASDAQ Stock Market losers are: Logitech International, Applied Materials, Brocade Communications Systems, ARM Holdings, and ASML Holding.
Wall Street hopes for more Fed action and clear signs European leaders will follow through on their new urgency to tackle the euro zone debt crisis if U.S. stocks are to build on their best week since early July.
President Barack Obama is expected to make a raft of recommendations for changing tax law on Monday, in addition to his new proposed tax on the rich -- known as the Buffett tax after billionaire Warren Buffett -- which was disclosed on Saturday.
Stock index futures pointed to a sharply lower open on Wall Street on Monday, as renewed fears of a Greek debt default prompt investors to book some of last week's gains and turn to safer assets such as gold.
A new study reveals that from 2004 to 2009, a total of 422 children, under the age of five, were admitted in Kentucky, Ohio, Pennsylvania and Washington hospitals, diagnosed with abusive head injuries. Majority of them had to be admitted to the intensive care unit and 16 percent died of the injuries.
IT services is typically late cycle, so Jefferies doesn't believe the recent macro volatility will be evident in Accenture Plc (NYSE: ACN) fiscal fourth quarter results on Sept. 27.
The Indian rupee fell on Monday tracking the euro's losses and weak domestic equities as heightened worries over European debt crisis pushing investors to cut holdings in riskier assets.
Even though the recession officially ended more than two years ago, the still-weak U.S. economy and a pullback in federal support means the outlook for states and local governments remains negative, Moody's Investors Service said on Monday.
Even though Canada's big oil producers are raking in profits on high crude prices and stellar refining margins, their share prices are languishing as investors fret about the economic risks that could slow global petroleum demand.
Regulators are still trying to figure out how 31-year-old trader Kweku Adoboli caused $2 billion in bad bets over three tears. But as the probe continues analysts and politicians say UBS trading losses has strengthened the case for separating retail banks from their investment arm, according to The Associated Press.
