The latest figures on U.K. GDP, released this week, were so demoralizingly bad that some economists and market-watchers are simply refusing to believe them, suggesting they are the result of a statistical anomaly and will be subject to large upward revisions soon.
The more data market-watchers have seen on the U.S. economy, the less they like what they've seen. Specifically, predictions on what the government might report as the rate of GDP growth in the second-quarter of 2012 have plummeted in the past few weeks, as economists adjust their models to one disappointing data release after another.
PepsiCo, Inc. (NYSE:PEP), the maker of Lay's potato chips, Quaker oatmeal and its namesake Pepsi-Cola, is projected to report lower second-quarter profit as the food and beverage giant struggles to offset rising ingredient costs and marketing expenses with price increases.
The U.S. housing recovery is here, with an uptick in prices, government support and a decrease in unsold off-market homes, known as shadow inventory, according to analysts from Goldman Sachs Group Inc. (NYSE: GS), the fifth-largest U.S. bank by assets.
Ford Motor Co. (NYSE: F) profits are expected to fall precipitously for the second quarter of 2012 compared to the same time last year, largely due to continued losses abroad, particularly in Europe.
The Federal Reserve Bank of New York is proposing that money market managers be empowered to hold back depositors' money for 30 days in the event of a run on funds. The controversial proposal is being called by critics a kind of capital control.
Two months after the trading fiasco in the initial public offering of Facebook (Nasdaq: FB), the No. 1 social networking site, tech IPOs are soaring again. Palo Alto Networks (Nasdaq: PANW) and Kayak Software (Nasdaq: KYAK) shares soared in their IPOs.
Investors seem to be disregarding the parade better-than-expected profit figures from major financial institutions this earnings season, instead using top-of-the-line revenue and return on equity numbers to guide their investment decisions.
The golden age of being a banker is so far in the past. After a brutal year of massive layoffs in the global financial industry last year, the axe is starting to fall again.
Now three days into running Yahoo (Nasdaq: YHOO), the No. 3 search engine, CEO Marissa Mayer has already telegraphed that change is coming. She appointed the first editors for Yahoo News and Yahoo Finance, two of the company’s most popular portals.
Two months after the trading fiasco in the initial public offering of Facebook (Nasdaq: FB), the No. 1 social networking site, tech IPOs are heading to market again.
Banking in line with the Koran's prohibition on paying interest is an expanding sector, and the ascent of the Muslim Brotherhood to power in Egypt is going to help it grow faster.
U.S. stock index futures point to lower opening Wednesday as investors were disheartened after the Federal Reserve gave no indication of stimulus measures to boost the economic growth.
Goldman Sachs (NYSE: GS) booked a 11 percent drop in its second-quarter earnings as revenue from investment banking and lending businesses declined, the New York investment bank said Tuesday.
Now that you are starting as the third CEO of Yahoo (Nasdaq: YHOO) in a year, have a seat on the board of directors and are about to run your first company, here are a few things to keep in mind.
The top after-market Nasdaq gainers Monday were Digital Generation Inc, Codexis Inc, NuPathe Inc, Synacor Inc and Marten Transport Ltd.The top after-market Nasdaq losers were Mattress Firm Holding Corp, Select Comfort Corporation, J.B. Hunt Transport Services Inc, ICU Medical Inc and FLIR Systems Inc.
Chances are you’ve generated some revenue for Active Network (Nasdaq: ACTV), the San Diego-based cloud computer services software developer without knowing it.
Yahoo (Nasdaq: YHOO), the No. 3 search engine, elected 11 directors at its annual meeting Thursday, including three nominated by former dissident shareholder Third Point Capital.
Financial professionals reeled Wednesday after the now-collapsed futures merchant PFG (Peregrine Financial Group Inc.), whose troubles bear an unnerving similarity to MF Global's woes, left as much as $200 million unaccounted for and PFG clients kicking themselves for ignoring the warning signs.
UBS analyst John Janedis on Tuesday downgraded the stock of MTV's parent company, Viacom (NASDAQ: VIAB), citing ongoing ratings weakness at the house that Snooki built as one of the primary obstacles for the media giant's future growth potential.
Three of the world's biggest financial institutions in the U.S. are closing their European money market funds to new investments after the European Central Bank (ECB) reduced its benchmark rate to a record low of 0.75 percent and slashed deposit rates to zero on Thursday, undermining global investor confidence.
The European summit may have increased investor confidence, but weak consumer spending across Europe, along with the rise of the dollar against the euro, is slowing down the global economy, pushing many companies to trim their earnings forecasts.
