Global Markets Ecstatic Over ‘Merkozy’ Promise, But Doubts Remain
Global markets are ecstatic on Monday over the promise of Germany and France to announce a bailout plan to address the European debt crisis by month's end.
U.S. Stocks Rise on Merkel-Sarkozy Promise
U.S. stocks rose on Monday, along with other global risk assets, as investors welcomed a promise from German Chancellor Merkel and French President Sarkorzy to devise a bailout plan for the Eurozone.
European Banks and Dexia Breakup: The Scary Math Behind Them
On the heels of the French-Belgian bank Dexia breakup, German Chancellor Angela Merkel and French President Nicolas Sarkozy announced a promise to come up with a plan by month-end to recapitalize European banks and deal with Greece's debt burden
U.S. Stocks Greet Third Quarter Earnings, Financials May Hurt
U.S. stocks will face the third quarter earnings season next week. Some investors are hoping that U.S. earnings will take center stage, take focus off the European debt crisis and potentially prolong the current mini-rebound in U.S. stocks.
3 Alternatives to Paying the Big Banks' Debit-Card Fees
Bank of America and several other large U.S.banks plan to charge customers fees for using debit cards. There are at least three good ways to avoid paying these fees.
Low Earnings Expectations Could Spark Market Rally
Next week, investors will be greeted with third-quarter earnings.
Economists Unimpressed by U.S. Employment Report
The U.S. jobs report for September showed the economy added 103,000 jobs, which exceeded economists’ expectations of 60,000 jobs and August’s revised gain of 57,000 jobs.
Bank of America and Others Charging for Debit: Time to Use Cash?
U.S. financial regulation is capping fees banks can charge merchants for debit card usage. In response, Bank of America and several other large banks have announced their plans to charge consumers to make up for the losses.
Why 103,000 Jobs Gain is Nothing to Cheer About
The Bureau of Labor Statistics (BLS) reported that the U.S. economy added 103,000 non-farm jobs in September.
S&P 500 Will Drop to 975 in 3 to 8 Weeks: Analyst
Monday's closing was not the bottom of the current downtrend. Instead, the bear market will take the S&P 500 around 975, Douglas Ramsey, chief investment officer at Leuthold Group.
Wall Street Closes Down on Eurozone Downgrades
Wall Street clearly cares about the European debt crisis and Friday's session reaffirmed it.
European Debt Crisis Not Over, Euro to Fall Further
Despite the largely encouraging news coming out of the Eurozone this week, the European Debt Crisis is far from over.
U.S. Stocks Down on NFP Doubts, Eurozone Downgrades
U.S. stocks turned negative as investors reassessed Friday's Bureau of Labor Statics (BLS) non-farm payroll (NFP) jobs report and digested a pair of downgrades from Fitch Ratings.
‘Mitt Romney Skinny Jeans’ Searched Often, But Google Fails to Deliver
One of the few things Google can't seem to serve up relevant results for is Mitt Romney Skinny Jeans.
Why ‘Good News’ From Eurozone, ECB Cheered the Markets
Eurozone authorities are discussing ways to recapitalize European banks and the ECB announced on Thursday that it will reintroduce year-long loans to banks. These measures, however, are band-aid solutions that don't address the core issue of the European debt crisis.
U.S. Stock Futures Jump on Bullish Jobs Report
U.S. stock futures jumped Friday on a better-than-expected September jobs report, but growth remained to weak to lower the unemployment rate, which remains stuck at 9.1 percent.
ECB Rolls out QE, Fed Could Announce QE3 by Year-End
In the midst of global market turmoil in the second half of 2011, at least two central banks of developed countries have responded with quantitative easing.
U.S. Stocks Continue to Rally, Investors Calm Before BLS Jobs Report
U.S. stocks continued to rally on Thursday’s afternoon session ahead of Friday’s all-important September jobs report from the Bureau of Labor Statistics (BLS).
Steve Jobs Death Honored and Mourned by Tech World [PHOTOS]
When KFC founder and fast food pioneer Harland Colonel Sanders died in 1980, the fast food world mourned and competitor Wendy's ordered all the flags at its stores to be flown at half-staff.
U.S. Stocks Rise on More Good News from Europe
The euro has rallied over 100 pips against the U.S. dollar since the beginning of the New York session. Before the U.S. opening, the European Central Bank (ECB) re-introduced two liquidity measures to support the European financial system: one-year loans and 40 billion euros worth of covered bond purchases.
Seoul Voted Best Business Travel City of 2011
The year 2011 continues to be one of major recognition for Seoul as a business events capital with the city recently receiving the 'Best BT MICE City' award at the 22nd Annual TTG Travel Awards this month.
ECB ‘Behind the Curve,’ Will Cut Rates by Year-End
Heading into Thursday’s European Central Bank (ECB) policy meeting, some investors and analysts expected a rate cut.
U.S. Stocks Edge Higher on Jobs Data, ECB Support
U.S. stocks rose Thursday morning as the European Central Bank (ECB) provided support for European banks and U.S. economic data proved better than expected.
Steve Jobs Dead in 2011: Death in His Own Words
While Steve Jobs' death in 2011 is shocking, it wasn't unexpected. Jobs had battled cancer for years. He had an operation in 2004, a liver transplant in 2009, and took three leaves of absence before he permanatly resigned as the CEO of Apple in August 2011.
Steve Jobs Dies at 56: Competitor Bill Gates Pays Respect
Apple CEO Steve Jobs died on Wednesday. He was 56.
Did U.S. Stocks Bottom on Tuesday?
Early in Tuesday's morning session, the S&P 500 Index dipped to a low of 1,074, dropping more than 20 percent from the May 2 high of 1,370 and taking the index into bear market territory.
Can U.S. Stocks Still Finish 2011 With a Big Rally?
U.S. stocks have taken a beating in the past few months. Starting late Tuesday, however, the market staged a rally on news that Europe was finally hashing out a plan to recapitalize banks and quiet fears from the European debt crisis.
Italy Debt Crisis: Blame it on Berlusconi? [CHART]
In mid June 2011, insurance against default on Italian government bonds cost less than comparable insurance on Spanish government bonds.
U.S. Stocks Down After Mixed Jobs Data, Gains from EU Hope Slip
U.S. stocks opened slightly down after the release of mixed U.S. jobs data.
Moody’s Downgrades Italy 3 Notches, Cites Eurozone Contagion Fears
Ratings agency Moody’s has downgraded Italian government bonds by three notches to A2 from Aa2 with a negative outlook.