China's Industrial Profit In Biggest Drop This Year, Shanghai Composite Sinks To 3-Year Low
Profits at China's major industrial enterprises fell in July for the fourth successive month and by the most this year, adding to fears about a sharp slowdown in the world's second-largest economy and sending benchmark Shanghai Composite Index to its lowest level in three years.
Tiffany, Heinz, Pandora, Joy Global, Splunk: Earnings Reports To Watch, Aug 27-31
While the second-quarter earnings season is coming to a close, investors will still see a trickle of companies reporting results next week. They include Heinz, Joy Global, Pandora Media, Splunk, and Tiffany.
US July Durable Goods Order Rises 4.2% On Boeing Orders
Orders for long-lasting goods surged in July on strong demand for civilian aircraft, the government said Friday, but bookings weakened in many other sectors.
US Initial Jobless Claims Rises To 372,000, Highest Level In 5 Weeks
The number of Americans lining up for new jobless benefits rose more than expected last week, the Labor Department said Thursday, suggesting little improvement in the labor market.
What Is The ‘Misery Index’ Saying About Obama's Re-Election Chances?
An unofficial gauge of human misery in the U.S. is now sitting at its lowest level in three years. Not four. In other words, while conditions have improved somewhat, Americans are still feeling miserable under President Barack Obama's watch and that obviously doesn't bode well for Obama's re-election chances.
Platinum At 4-Month High On South African Labor Strife
Platinum rose to its highest level since early May on Wednesday and was set for its biggest weekly gain in 10 months as spreading labor unrest in top producer South Africa cast doubt over output for the year.
Is The US Trash Indicator Predicting Another Recession?
Is the U.S. economy headed for a recession before it fully recovers from the last one? There's no better indicator to watch than trash.
Siemens May Cut Thousands Of Jobs, Bad Sign For Germany
Siemens AG (NYSE: SI), Europe?s largest engineering company, is in early internal talks to slash thousands of jobs after posting quarterly results that came in sharply below analysts? estimates, a German newspaper reported Tuesday.
How The Stock Market Will Respond To 2012 GOP, Democratic Conventions
While some may see the made-for-television national political conventions as a colossal waste of time and money, analysts have been busy crunching numbers to figure out which way these carefully choreographed productions will impact the stock market.
Caterpillar CEO Turns Less Bullish, Warns Of Economic Uncertainty
Caterpillar Inc. (NYSE: CAT) Chief Exectutive Officer Doug Oberhelman has long been an optimist, but these days he's been scaling back on his optimism.
FOMC Minutes, Housing Data, Euro Zone PMI: Economic Events For Aug. 20-24
The minutes of the July 31-Aug. 1 meeting of the Federal Open Market Committee, to be released on Wednesday, will dominate markets in a week light on data.
6 Charts On Why College Is Worth Its Cost
Even at a time when paying for college has become a lifetime endeavor for the average Americans, having a college degree is still a worthwhile investment. Nearly four out of every five jobs destroyed by the recession were held by workers with a high school diploma or less.
Yuan’s Long March Up Appears Finished
For more than a decade, there was a paradigm in financial markets that the yuan can only appreciate. Well, not any more.
Dell, HP, Best Buy, Lowe’s: Earnings Reports To Watch, Aug 20-24
Before the curtain falls on this earnings season, investors will hear next week from several more major players, including Dell, Hewlett-Packard, Lowe's and Best Buy.
As Portugal’s Pain Deepens, Investors Reward Nation
Investors rewarded Portugal's efforts to trim its budget gap by sending the credit-default swaps on Portugal to a low of 725 basis points on Thursday, down from 1,515 in January and 1,237 in May, according to Bloomberg. The implied probability of Portugal defaulting on its debt fell to 46 percent from 73 percent.
US Initial Jobless Claims Edge Up To 366,000, Higher Than Expected
The number of Americans lining up for new jobless benefits rose slightly more than expected last week, the Labor Department said Thursday, suggesting little improvement in the labor market.
Gold Bull Run Set For 12th Consecutive Year; Paulson, Soros Step Up Gold Bet
Gold prices are set for a 12th consecutive year of gains despite posting the largest quarterly drop since 2008 in the second quarter, a view likely shared by the World Gold Council, and billionaire investors George Soros and John Paulson.
Central Bank Gold Demand To Hit Highest Level Since 1964
Demand for gold by central banks and official sector institutions were more than double the level reported a year ago, as emerging market central banks continue to gobble up gold due to concerns about fiat currencies, such as the U.S. dollar and especially the euro, according to World Gold Council data released Thursday.
China To Overtake India As World's Biggest Gold Consumer
There comes a time in the life cycle of most commodities when China, home to 1.3 billion people and counting, takes over as the world's biggest consumer. For gold, that moment is drawing near.
JPMorgan’s 'London Whale' Trading Blunder Didn’t Scare Away All Money Managers
JPMorgan Chase & Co. (NYSE: JPM)'s multibillion-dollar "London Whale" trading mess sent some well-known money managers running for the exit, but new regulatory filings show that several big hedge-fund players loaded up on JPMorgan as they saw the stock's 22 percent drop in the second quarter as a buying opportunity.
Warren Buffett's Berkshire Hathaway Drops Intel, Bets On Oil
Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK.B) dumped its shares of Intel Corporation (Nasdaq: INTC) last quarter and cut its stake in The Procter & Gamble Company (NYSE: PG) while boosting its exposure to oil refining and oil services.
Luxury, Discount Retailers Post Higher Quarterly Earnings
A mix of luxury brands and discounters reported quarterly earnings that topped expectations, results that underscored a broader report showing U.S. retail sales broke three consecutive months of declining growth in July as consumers regained some semblance of confidence this summer.
US Retail Sales Rise More-Than-Expected In July
Retail sales in the U.S. rose in July for the first time in four months and topped economists' forecast as demand rose across the board from cars to building materials, suggesting that the biggest driver of the economy is gaining momentum.
Fed Up With Big Bank Fees? These Credit Unions Offer Free Checking
At a time when big banks are constantly raising fees or imposing new ones to help them recover lost revenue from new regulations, not-for-profit credit unions are booming.
Bank Of America Sells Merrill Unit To Julius Baer - A List Of Assets Sold Since 2011
Bank of America Corp. (NYSE: BAC), the lender divesting assets to raise capital, said Monday it has agreed to sell Merrill Lynch's International Wealth Management business outside the U.S. to Swiss private bank Julius Baer Group Ltd.
FedEx To Offer US Staff Voluntary Buyouts In Cost-Cutting Move
FedEx Corporation (NYSE: FDX) said Monday it will offer voluntary buyout incentives to certain U.S.-based employees as part of an ongoing cost cutting.
Retail Sales, PPI, CPI: Economic Events For Aug 13-17
Major data releases aplenty are on the economic calendar next week. In the U.S., investors will focus on July retail sales, industrial production, and consumer prices. In the euro zone, second-quarter gross domestic product figures across the major economies and the German ZEW index are the main highlights.
Personalized Pricing: Retailers Are Watching Your Every Move
Retailers are using digital monitoring to sharpen their pitches of products and services to specific individuals, adjusting prices and strategically timing offers to catch us when and where we're mostly likely to spend.
Wal-Mart, Cisco, Groupon: Earnings Reports To Watch, Aug 13-17
The earnings calendar for the week ahead will be comparatively light, but we will still be hearing from a number of household names. Big-name companies due to report their quarterly earnings results include Wal-Mart, Sears, Home Depot, Groupon, John Deere, and Cisco.
GE Recalls 1.3 Million Dishwashers For Fire Hazard
General Electric Company (NYSE: GE) is recalling about 1.3 million of its dishwashers after receiving reports of heating element failures that led to fires, the Consumer Product Safety Commission said Thursday.
