Australian floods may hurt global steel production
The huge floods sweeping across northeast Australia could have a significantly negative impact on the global steel industry.
U.S. stocks are off to the races on strong mfg. data, general optimism for '11
Stocks began 2011 with a bang – equities leaped, powered by some strong manufacturing data in the U.S. and Europe and by a generally bullish outlook for the new year.
Is Facebook really worth $50-billion?
Does a company like Facebook that manufactures no tangible products and employs only about 2,000 people really be worth as much as $50-billion.
Aussie floods pushing up commodity prices
The devastating floods in Queensland Australia has driven up the prices of certain commodities, including coal, wheat and sugar. With warnings that the flood may not recede for weeks, the longer-term impact on commodity prices becomes a great concern.
Apple's market cap surpasses $300 billion
With a pop in its share price on the first trading day of 2011, Apple Inc. (AAPL) has now surpassed the $300-billion level in terms of market cap.
Construction spending edged up in November
Construction spending edged up slightly in November over the prior month, according to the U.S. Census Bureau of the Department of Commerce.
Bank of America prepares for potential WikiLeaks revelations
Bank of America (NYSE: BAC) is preparing for a potential onslaught of embarrassing and perhaps damaging information about the bank from Julian Assange’s WikiLeaks, according to a report in the New York Times.
Singapore economy set record growth in 2010
The economy of Singapore surged by an astounding 14.7 percent in 2010, primarily driven by a surge in manufacturing activity, versus a 1.3 decline in the prior year, making it Asia’s fastest-growing economy.
2010 a hard act for U.S. bonds to follow
Many observers believe the bond bull has run out of steam, although a 'pop' in the bond bubble is probably unlikely.
Rising demand should push up crude oil prices in 2011
Many investment banks and commodity analysts have taken a highly bullish stance on crude oil prices for 2011, based largely on economic recovery in the U.S., continued money-printing by the Federal Reserve (thereby, weakening U.S. dollar) and persistent high demand from the emerging markets, particularly China and India.
Thoughts For 2011: China and Other Asian Central Banks Light The Way
Douglas C. Borthwick, Managing Director of Faros Trading, reviews the global currency markets from 2010 and provides some outlook and guidance for 2011
Stocks set for smooth sailing in 2011
Wall Street appears to be almost universally bullish about U.S. stocks for 2011.
Top Ten Predictions for U.S. Economy/Markets in 2011
Top Ten Predictions for U.S. Economy/Markets in 2011. These predictions come from Michael Yoshikami, president and chief investment strategist of YCMNET Advisors Inc. in Walnut Creek, Cal.
Top Ten Predictions for the Emerging Markets in 2011
These predictions come from Richard Kang, Chief Investment Officer and Director of Research at Emerging Global Shares, an ETF company focused on the emerging markets.
Stocks end strong year with a whimper
Stocks finish 2010 with a whimper amidst sluggish holiday trading, although equity indices delivered quite a strong year in performance.
Ten worst-performing stocks in S&P 500 for 2010
Here are the ten worst-performing stocks in the S&P 500 index for 2010.
Ten best-performing stocks of S&P 500 for 2010
Here are the ten best-performing stocks of the S&P 500 for 2010.
2011 will be “horrible” year: UK union boss
2011 will be a “horrible” year for British workers, warned Brendan Barber, general secretary of the Trades Union Congress (TUC), a federation of UK trade unions.
Merkel praises euro currency in New Year's address
Germany is committed to the euro currency and the German people are now stronger in the wake of Europe’s economic crisis, said Chancellor Angela Merkel in her annual televised New Year’s message.
Tackling the dearth of women on UK company boards
Companies should not be forced to place women in high executive/director positions in British companies, said Lord Mervyn Davies, the former trade minister. However, there should be some pressure applied to somehow raise the number of female directors.
Estonia set to join euro zone
Despite all the turmoil surrounding it, the euro zone will welcome its seventeenth new member, Estonia, when the clock strikes midnight in Eastern Europe, making it the first former Soviet state to adopt the euro currency.
Stocks slip, despite raft of encouraging economic data
Stocks fell modestly, despite some encouraging economic data, as investors likely locked in profits given the market’s nice rise in December.
Average Chinese will be richer than average American within 3 decades: Lazear
At present respective growth rates, the average Chinese person will be wealthier than the average American in 27 years, according to Ed Lazear, a Stanford University economics professor.
Coal stocks moving higher on analyst note, ongoing positive trends
Coal stocks are getting a boost from a research note by an analyst at Simmons & Co. who wrote that prices for U.S. electricity-generating coal have fallen behind international trends, suggesting great upside for domestic coal producers.
Spain’s economy will grow in Q4: PM
The Spanish economy will show positive growth in the fourth quarter, said the country’s Prime Minister, after a flat third quarter prompted fears of another looming recession.
Pending home sales rose in November
Pending home sales climbed again in November, with the broad trend over the past five months indicating a gradual recovery into 2011, according to the National Association of Realtors (NAR).
Vatican sets up financial authority to prevent money laundering
The Vatican has established a new financial authority that seeks to combat money laundering and make its financial activities more transparent.
Groupon may go public in late 2011: NY Times
Groupon, the social buying website which recently rejected a $6- billion takeover offer from Google (Nasdaq: GOOG) has attracted the interest of some large institutional investors and is seeking to go public by the end of next year, according to a report in the New York Times.
Stocks rise modestly, as markets eye strong December finish
Despite a last-hour market sell-off, stocks gained modestly in thin trading volume as the major indices look to be on course for a strong December rally.
Does South Africa deserve to join BRIC?
South Korea, among other countries, would be a better candidate than South Africa to join the BRIC group of prominent emerging market nations, said Jim O’Neill, chairman of Goldman Sachs Asset Management, and the man who first coined the “BRIC” term.