Result Page 445 for Latest Economy & Markets News & Archive

HK shares could edge lower, Chinese banks in focus

Hong Kong shares could edge lower at Monday's open, with turnover likely to stay low though U.S. Federal Reserve chairman Ben Bernanke's comments on Friday could boost cyclicals, limiting losses.

Hurricane Irene: 5.5 Million Without Power, Refinery System Affected

Energy firms along the Eastern Seaboard scrambled on Monday to resume operations after Hurricane Irene left 5.5 million customers without power.

Pre-Market NASDAQ Movers (PTNR, MU, LULU, CLWR, PANL, GMCR, OVTI, ARUN, MAIL, LOGI)

The top pre-market NASDAQ Stock Market gainers are: Partner Communications, Micron Technology, Lululemon Athletica, Clearwire, Universal Display, Green Mountain Coffee Roasters, OmniVision Technologies, and Aruba Networks. The top pre-market NASDAQ Stock Market losers are: IncrediMail, and Logitech International.

Hurricane Irene Insured Loss Probably Lower Than Expected: Analyst

While it is still early in the recovery process for Hurricane Irene, given weaker-than-expected wind speeds, particularly for the New York metro area landfall, FBR Capital Markets believes it is safe to say that loss expectations are lower than many investors thought last Thursday and Friday when forecasts shifted to show a more inland path for the storm.

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NYSE to Open Monday

The New York Stock Exchange will open Monday, a spokesman said.

Hurricane Irene Shuts Mid-Atlantic Gas Terminals; Major Pipelines Halt Flows

Major petroleum pipelines in the United States began partial shutdowns Friday, the result of terminals supplied by those pipelines closing ahead of Hurricane Irene's arrival.

TSX cuts losses as Bernanke speech digested

Toronto's main stock market cut early losses in volatile trade on Friday morning as investors deemed an earlier sharp selloff overdone as they digested remarks by the Federal Reserve chairman.

Budget deficit narrows in April-June

Higher tax revenues helped Canada cut its budget deficit in the first three months of the year to C$5.49 billion from C$7.23 billion a year earlier, the Finance Department said on Friday.

Energy hunger lifts China Shenhua H1 profit

China Shenhua Energy Co Ltd , the country's largest coal producer, posted a 16.5 percent increase in first-half profit, buoyed by rising sales volume on the back of rising energy demand in the world's second-largest economy.

Bernanke quiet on next Fed moves, stresses job crisis

Federal Reserve Chairman Ben Bernanke on Friday stopped short of detailing further action to boost the U.S. recovery but said the central bank would consider what more it could do to fight high unemployment, giving some comfort to investors.

Wall Street Rebounds After Fed Chair Bernanke's Remarks

Wall Street stocks rebounded on Friday as investors digested Federal Reserve Chairman Ben Bernanke's remarks about the economy and regained hope the door was still open for more monetary stimulus down the road.

Economy's Growth Much Slower in Q2 than Previously Thought

The economy grew much slower than previously thought in the second quarter as business inventories and exports were less robust, a government report showed on Friday, although consumer spending was revised up.

Steve Jobs: $1 Annual Salary, No Perks, But Lots of Shares

Jobs owns about 5.5-million shares of Apple stock (which, based on Thursday’s closing price, would be valued at just above $2-billion)

Bank of America: Big Vote of Confidence as Warren Buffett Invests $5B

Billionaire Warren Buffett would invest $5 billion in Bank of America Corp. (NYSE:BAC), expressing his biggest vote of confidence in the banking giant.

U.S. Stock Futures Point up After Asian and European Gains

Stock futures pointed to a slightly higher open for equities Friday after declines in the previous session, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 all up 0.2 percent.

Hurricane Irene: Refineries Prepare to Shut Down [MAPS AND PHOTOS]

Hurricane Irene has left the Bahamas and is now churning toward the East Coast of the United States.

HK, China shares gain, boosted by strong earnings

Hong Kong shares were higher by midday Thursday, mainly driven by several Chinese companies that reported forecast-beating interim earnings, magnifying the lift from Wall Street gains on encouraging U.S. economic data.

Copper underpinned by China, Fed meet in focus

Copper climbed on Thursday underpinned by expectations of returning demand from top consumer China, but caution over measures that may be unveiled by the U.S. monetary authorities in yoming this week kept gains in check.

German Stock Market Plunges 4% in 15 Minutes on Downgrade Rumor

The German DAX dropped 4 percent in about 15 minutes in Friday afternoon trading, on a rumor that the German Government's credit rating will be downgraded.

A man melts down gold jewelry in Los Angeles

Gold Prices Could Fall Further

Gold prices tumbled for the past days, falling around 10 percent from its peak reached on Tuesday.

Pre-Market NASDAQ Movers (TIVO, CLNE, FFIV, SODA, PSEC, SIGM, AMAT, INFY, VOD, GOLD, AAPL)

The top pre-market NASDAQ Stock Market gainers are: TiVo, Clean Energy Fuels, F5 Networks, SodaStream International, and Prospect Capital. The top pre-market NASDAQ Stock Market losers are: Sigma Designs, Applied Materials, Infosys Technologies, Vodafone Group, Randgold Resources, and Apple.

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