Stocks fell on Wednesday as Germany's decision to ban naked short-selling of certain financial instruments fanned investor worries about exposure to riskier assets and about the global economy.
Germany declared war on speculators by banning some types of trade on Wednesday, triggering big falls in the financial markets and wrongfooting other European governments, which said they were not consulted.
A handful of Senate Democrats on Wednesday were pushing at the eleventh hour to make a sweeping Wall Street reform bill even tougher, but they were running out of time as a key procedural vote approached.
Europe's debt crisis shows the risks for the United States if it does not get its budget deficits under control, former Federal Reserve Chairman Paul Volcker said on Tuesday.
A handful of Senate Democrats on Wednesday were pushing at the eleventh hour to make a sweeping Wall Street reform bill even tougher, but they were running out of time as a key procedural vote approached.
Stocks fell on Wednesday as Germany's decision to ban naked short-selling of certain financial instruments fueled investor worries about exposure to riskier assets and about the global economy.
(Corrects name in 4th paragraph to Ruskin, instead of Raskin)
Senior Senate Democrats clashed on Tuesday over the last disputed pieces of a sweeping Wall Street reform bill headed for final passage within days.
The recession may have a permanent effect on the millennial generation, also called Generation Y.
Google has overtaken Microsoft in the battle over the software that runs mobile phones and is challenging Apple for share of the fast growing smartphone market.
Italy has started an investigation into Google Inc's Street View web service, a local watchdog said on Wednesday following the U.S. group's announcement it had accidentally collected personal data over wireless networks.
Persuading Beijing to let its yuan currency rise in value is not simply an issue for the United States but one that should interest the whole world, Treasury Secretary Timothy Geithner said on Wednesday.
The plunge in oil prices in the wake of the euro crisis has OPEC worried. Qatar oil minister Abdullah bin Hamad Al Attiyah emerged as an unofficial spokesman for the oil cartel over the weekend in a series of news agency reports from the Gulf that signaled the group's concern.
Demand for loans to buy U.S. homes shriveled to a 13-year low last week, following the expiration of federal tax credits, while near-record low mortgage rates stoked refinancing, the Mortgage Bankers Association said on Wednesday.
Stocks dropped on Wednesday after Germany's decision to ban naked short-selling of certain financial instruments and comments from its chancellor on the safety of the euro rattled investors.
Fidelity Investments said average U.S. retirement-account balances continued to rise in the first quarter as stock markets recovered and more savers resumed contributions to their 401 savings accounts.
We’ve all been there – sifting through the various job ad postings, sending through resume after resume, and all we want to do is get the application process over with as fast as possible. Everyone tells you to at least take a few minutes to tailor your resume and cover letter to each job you apply for.
Consumer prices unexpectedly fell in April, the first decline in a year, and the core annual rate recorded its smallest gain since 1966, suggesting scope for the Federal Reserve to keep interest rates near zero for some time.
Stock index futures were set for a lower open on Wednesday as markets were unnerved by Germany's decision to ban naked short selling of certain financial instruments and comments from its chancellor that the euro was in danger.
Treasury Secretary Timothy Geithner said on Wednesday that he wanted to see Europe follow through with its rescue package aimed at stemming the spread of the Greek debt crisis.
Stock index futures fell sharply on Wednesday, with markets rattled by Germany's decision to ban naked short selling of certain financial instruments and comments from its chancellor that the euro was in danger.
The market remains under pressure as Germany's ban on short-selling activities triggered a new round of panic selling in risky assets. WTI crude oil price extends the 7th-day decline to as low as 67.9, the lowest level since September 30, 2009. The contract has plummeted more than -20% so far in May. Despite a plunge below the OPEC's preferred range of 70-80, Saudi Arabia's financial minister stress that he's not worried about the decline and the country will commit to the planned projects.
With the rapid onset of the worldwide recession in late 2008, marked by sharp drops in commodity prices that continued till 2009 marked notable implications on base metals, where the global mergers and acquisitions activities came almost to a halt.
United Nation's Food and Agriculture Organisation said global wheat crop is to fall by more than 7 million tonnes this year as poor prices turn farmers off the grain. The global wheat harvest will come in at 675m tonnes this year, below last year's level and the record 683.8m tonnes set in 2008, FAO said in a report.
Stocks were set to open lower on Wednesday, adding to the previous sessions losses and mirroring weakness in Europe as worries over tighter financial regulation put pressure on equities.
Gold prices eased in Asian trade Wednesday even after reports of a tumbling euro. Gold for immediate delivery was seen trading at $ 1213.75 an ounce at 11.00 a.m Singapore time while U.S. gold futures for June delivery was at 1213.31 an ounce e at the same time.
The euro hit another four-year low on Wednesday and stocks slumped after Germany's move to ban some naked shorting and German Chancellor Angela Merkel said the euro was in danger.
American International Group has named Henri Courpron as chief executive officer of its aircraft leasing unit, International Lease Finance Corp , the Wall Street Journal said.
Germany banned risky bets on bonds, stocks and credit protection, stunning investors and setting euro zone markets up for a rough ride on Wednesday amid fears Berlin's attack on speculation will backfire.
Yahoo said on Tuesday it has agreed to acquire the user-generated publishing company Associated Content to add more pages to attract advertisers.
