Wall Street Drops on Nerves, S&P Falls Below Key Level
Stocks fell sharply in early afternoon on Thursday as nervous investors bailed out of the market, after the S&P 500 broke a key technical level.
Moody's Blasts EU Plan to Curb Ratings Agencies
A European Union plan to impose tougher rules on credit rating agencies is "dangerous" as it is bound to limit the "quality and independence" of the rating process, the president and chief operating officer of Moody's Investor Services told Le Figaro newspaper.
France Furious as S&P Mistakenly Declares French Credit Downgrade
The ratings agency Standard & Poor's said Friday that its erroneous downgrade of France arose when an automatic email was sent out after an old Web page on French banks was changed. France reacted with outrage and has ordered an investigation into this shocking error.
Giorgio Armani Adds Armani Hotel Milano to Brand’s Hospitality Portfolio
Giorgio Armani, the renowned Italian fashion designer and founder of the eponymously named luxury fashion brand, launched his second hotel in Milan.
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Wall St slides as Italy sparks debt crisis fears
Stocks slid more than 2 percent on Wednesday as a spike in Italian bond yields heightened fears the debt crisis in Europe was spreading.
U.S. Stocks Plummeting Over Italian Debt Crisis, Political Uncertainty
The major European bourses are down anywhere from 2.0 percent to 2.6 percent.
Gold Prices Slip on Worsening Eurozone Debt Crisis
Gold prices slipped Wednesday as skyrocketing Italian government bond yields signaled the beginning of a possibly terminal phase in that nation's economy.
Kenya starts FTSE-based stock indexes, eyes bonds
Nairobi Securities Exchange has launched two stock indexes in conjunction with FTSE Group, and said on Tuesday it planned to start one for Treasury bonds next year.
3Q Earnings Picture: Hits and Misses
We are now well into third quarter earnings season, with the vast majority of companies reported both bottom- and top-line results that met or beat expectations. Here's a summary of who met, and who missed, analyst estimates.
World Stocks, Euro Rise on Hopes Greece Drops Referendum
World stocks and the euro rose on Friday, boosted by expectations that Greece will avoid a referendum on a new bailout package, easing imminent concerns of a Greek default and its potential shockwaves through the euro zone.
Gold Prices up Nearly 1%, Dollar down in Eurozone Tumult
Gold prices rose Thursday amid widespread uncertainty over whether Greece will leave the Eurozone or remain in the debt-plagued federation.
Wall Street Dips after Rally, HP Shares Jump
Stocks edged lower on Friday as investors paused following a powerful rally that propelled the S&P 500 index almost 20 percent since briefly dipping into bear market territory earlier this month.
TSX set for lower open as euro deal optimism fades
Canadian stocks looked set to open lower on Friday after rallying more than 2 percent on Thursday, as the investor optimism that followed Europe's latest debt crisis plan began to fade.
Wall Street Opens Lower After 3 Percent Rally
Stocks opened lower on Friday as investors booked profits a day after a powerful rally that propelled the S&P to close above its 200-day moving average for the first time since August.
Stock Futures Rise on Europe Deal; S&P Set for Gain
Stock index futures rose sharply on Thursday after European leaders agreed to boost the region's bailout fund and struck a deal with private banks and insurers to accept 50 percent losses on Greek bonds.
Gold Prices Rise to Highest Level in a Month in 4th Daily Gain
Gold prices surged to their highest level in more than a month Wednesday as the precious metal's fourth consecutive daily gain took it to the brink of a decisive upswing.
Wall Street Cautious as European Outcome Awaited
Stocks were little changed on Wednesday on caution about the outcome of a European summit to resolve the debt crisis and mixed corporate results.
Stock Futures up as Investors Eye Earnings, EU Summit
Stock index futures rose on Wednesday after the S&P fell 2 percent in the previous session as optimism about corporate earnings offset concerns about an upcoming meeting of European leaders to tackle the region's debt crisis.
Gold Prices Rise for Fourth Straight Day
Gold prices headed for a fourth consecutive daily gain Wednesday as investors returned to the yellow metal for protection from the ongoing risks to the European economy and weakness in the U.S. economy.
Stock Futures Rise Ahead of European Summit
Stock index futures rose on Wednesday after the S&P fell 2 percent in the previous session as optimism about corporate earnings offset concerns about the results of a meeting of European leaders to tackle the region's debt crisis.
Gold, Silver Mining Stocks Soar Despite Global Stock Declines
Gold and silver mining stocks posted big gains Tuesday despite plunging share prices among broad market indexes on both sides of the Atlantic Ocean.
Gold Price Jumps 2.9% to $1,700, Silver Soars 4.5% as Euro Fears Grow
Gold prices soared nearly three percent Tuesday as global investors fled stocks and the euro for safe-haven investments ahead of a critical European economic summit that many think will fail to fix the continent's debt and finance crisis.
Wall Street Down on Europe Fears, Corporate Outlook
Stocks fell on Tuesday after discouraging corporate outlooks cast a pall over the economy's outlook, while fresh doubts arose about European efforts to find a solution to the debt crisis.
Case-Shiller Housing Price Index Virtually Flat in August, Down Year-Over-Year
The Case-Shiller home price index reported small increases in prices of 0.2 percent for 20 major cities between June and August. However, annual returns were down 3.8 percent for the 20 cities measured, compared to August 2010.
Gold Prices Shoot Higher as Brussels Meeting Nears
Gold and silver prices rose more than two percent Tuesday on rising fear that European leaders will be unable to produce a viable rescue plan for the continent's banks, or its staggering southern periphery.
Home Prices Flat in August: S&P
Single-family home prices were unchanged in August, pointing to a market that continued to stabilize but has yet to gain traction, a closely watched survey said on Tuesday.
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