Earnings Preview: Facebook Inc (FB), Ford Motor Company (F), Caterpillar Inc (CAT)
Here are the financial reports to watch Wednesday, as the second-quarter earnings season continues.
Earnings Preview: Apple Inc (AAPL), United Parcel Service Inc (UPS), AT&T Inc (T)
Expectations for Apple Inc. this earnings season are tempered. Here are the earnings to watch for Tuesday.
Earnings Preview: McDonald's Corp (MCD), Netflix Inc (NFLX), Texas Instruments Inc (TXN)
Here are the financial reports to watch Monday, as the second-quarter earnings season continues.
Fed Beige Book: US Economy Growing At ‘Modest To Moderate Pace’
Eight times a year, the Fed releases its Beige Book, a snapshot of business conditions in the Fed’s 12 regional bank districts.
Bernanke Testimony To Congress: Tapering Not On Pre-Set Course, Could Even Increase Purchases If Needed
The Fed chairman underscored that the stimulus reduction is "by no means on a preset course."
Restart of Japanese Nuclear Plants: Fukushima Vegetables, A Weaker Yen Unlikely To Help With Japan's Trade Deficit
As problems continue to plague the Fukushima nuclear plant, the impact of its restart on Japan's trade deficit would likely be very small.
Chinese Economy Slows, But Job Gains Remain Stable
Chinese officials are concerned that a slowdown could put China at risk of rising unemployment and social unrest.
The Coca-Cola Company (NYSE:KO) Q2 Earnings Preview: Poor Weather Curbing Consumer Thirst
Coca-Cola is navigating poor weather conditions, forex headwinds, taxes and falling consumer demand in countries such as China and Brazil.
Earnings Preview Q2 2013: Bank Of America Corp (BAC), Citigroup Inc (C), Google Inc (GOOG), Microsoft Corporation (MSFT), The Coca-Cola Company (KO)
Get ready for another quarter of weak earnings growth and low expectations.
June FOMC Minutes: Half Of Fed Officials Want QE Taper, Bernanke Speech On Tap
The June 18-19 minutes showed that about half the participants wanted to bring asset purchases to a close late this year.
Economic Events: June FOMC Minutes, BoJ Meeting, China June Data
The June 18-19 meeting minutes of the Federal Open Market Committee is likely to garner attention from the markets.
Pro-Morsi March Deaths: At Least 3 Dead At Republican Guard HQ As Egyptian Army Fires
At least three people were shot dead by security forces as pro-Morsi supporters approached the compound. The Egyptian army has denied it shot at protesters.
S&P Cuts Portugal Outlook To Negative
Complications to the country's "already-challenging policy-making environment" following the resignations of two key government ministers is cited for the reason.
EU Threatens To Suspend Data-Sharing With US In Spying Row
The U.S. government may soon be feeling more consequences from the leak of its surveillance programs.
US June Jobs Report 2013: Strong Nonfarm Payroll Report And The Fed's Exit Strategy
Payrolls growth could even slow a bit from here, and the Fed would still start to taper QE3 at FOMC meeting in September -- "Septaper."
Earnings Preview: Alcoa Inc (AA), Wells Fargo & Co (WFC), JPMorgan Chase & Co (JPM), Yum Brands Inc (YUM)
Second-quarter earnings season is just around the corner. But expectations are bleak.
China Financial Reform: Beijing Grants Shanghai A Free-Trade Zone To Explore Yuan Convertibility
Exploring yuan convertibility in Shanghai, the free-trade zone will be the first in mainland China.
US State Department Facebook ‘Likes’: DOS Spent $630,000 On Buying Fans
The U.S. State Department is under fire for shelling out $630,000 to buy Facebook Inc. (Nasdaq: FB) “likes,” a 57-page report says.
The 4th of July Facts: Most US Fireworks, Flags Made in China
Fireworks and flags may be the centerpiece for this all-American holiday, but there’s little about them that's made in America.
China Has The Priciest Housing On The Planet, And There’s Nothing Beijing Can Do About It
China's government hasn't been able to pop the nation's increasingly large real estate bubble.
China June Economic Data Preview: Q2 GDP, Trade, Inflation, Industrial Output, Retail Sales, Fixed Asset Investment And Bank Lending Data On Tap
Beijing is carefully tamping down expectations for the second-quarter GDP data due out on July 15. How low can it go?
US Housing Prices Rise In May By Most In 7 Years: CoreLogic
Real estate data provider CoreLogic said Tuesday that home prices rose from a year ago in 48 states.
US June Jobs Report 2013: Nonfarm Payrolls To Show Moderate Growth, Unemployment Rate To Drop To 7.5%
A “status quo” jobs report reflecting continued labor market healing will probably nudge the Fed toward tapering.
World’s 10 Biggest Companies By Market Cap: US Companies Top The List; No Chinese Companies In The Group
For the first time since 2006, no Chinese companies rank among the world’s 10 biggest outfits by market value, and all are U.S.-based.
Vietnam's Economy: Stimulus A 'Sugar High' That Won't Last Or Fix The Banking Problem
The outlook for Vietnam is altogether grim: its debt-laden banks are in crisis and Hanoi does not have the money to recapitalize them.
Slovenia Bailout: Borrowing Costs Rise Again, High NPL Ratio In Banking Sector Fuel Concern
Slovenia’s banking sector is saddled with about 6.8 billion euros ($8.87 billion) worth of nonperforming loans, which is equivalent to 20% of its GDP.
Fed QE Tapering Will Not Cause 1994-Style Bond Market Sell-off, Derail Economic Recovery
By hinting at a QE expiration date, Bernanke has essentially hit the reset button on the global financial system. But it’s all for the better.
China Shadow Banking, Fed Tapering: Credit Crunch Forced PBOC To Give In; Will The Fed Hold Firm?
Five years and trillions of dollars later, central banks in China and the U.S. are determined to mop up their excessive liquidity.
Why ‘Hostility’ To Banks And Bankers Is Healthy For The Global Economy
Leaders of the world’s largest banks have been desperately trying to escape the ghosts of the financial industry’s bad old days -- Libor rate manipulation, tax avoidance, rogue trading, swap misselling and the breaking of antimoney laundering rules -- and rebrand the industry as a responsible force for good in the economy.Well, good luck with that.Barclays PLC (NYSE: BCS) Chairman David Walker recently fired back against what he said has become the “political and media industry” of badmouthing banks and bankers, and insisted on banks’ irreplaceable role in a free-market economy.
Edward Snowden Demanded South China Morning Post Delay Publishing His Booz Allen Admission; Glenn Greenwald Says Timeline Revelation Is Not Significant
Edward Snowden told the South China Morning Post that he took a position at Booz Allen for the purpose of accessing NSA information.