Stocks declined on Friday and were on track for a second week of losses as investors opted out of financial shares amid lingering euro zone debt worries.
The Dollar price of Gold on wholesale markets continued to rally Friday morning, rising as high as $1516 per ounce - less than 4% off this month's all-time high - before slipping back, while stock and commodity markets recovered some of Thursday's losses.
The Portuguese economy contracted for the second straight quarter, placing the debt-strapped country into another recession as the Lisbon government anxiously seeks to reduce spending and increase taxes.
Global equity markets, commodities and currencies continue to move lower on the heels of concerns about Greece
Hedge fund managers may feel invincible in private, but in public some are talking about what will happen to their firms after they are gone.
Fifty percent of people believe the US stock market will drop more than 30 percent in the next 12 months, according to the latest Chicago Booth/Kellogg School Financial Trust Index poll.
This correction is a harsh reality check for those of us (myself included) who purchased substantial amounts of metal at much higher levels. That said, it's time to put our game faces back on and think about this logically, now that a lot of the emotion has been sucked out of the market. The good news is that times like these create the best opportunities.
Private equity firm Apollo Global Management LLC's
first-quarter earnings rose fivefold from a year earlier as the value of its investments increased, in its first quarterly report since its March IPO.
China's Sina Corp plans to ramp up investment in its hot Twitter-like product, Weibo, for the rest of the year in order to fend off competition from Tencent Holdings and attract a wider user base.
If you want a degree in the arts, here are three degrees that are wise choices.
Goldman Sachs plans to raise up to 5 billion yuan ($770 million) for a private equity fund in China, a source familiar with the matter said on Thursday.
The top pre-market NASDAQ Stock Market gainers are: IncrediMail, VeriSign, Quantum Fuel Systems Technologies Worldwide, Symantec, and JetBlue Airways. The top pre-market NASDAQ Stock Market losers are: Wilshire Bancorp, Cisco Systems, Shire, ARM Holdings, and Sohu.com.
The Sri Lankan born Hedge fund founder Raj Rajaratnam, the billionaire manager of the Galleon hedge fund, was found guilty on Wednesday on all counts in the largest hedge fund insider trading case in the United States history.
The CME Group raised margin requirements on oil futures for May 10 for the fourth time since February to $6,250 per contract. In response, oil futures plunged more than 5 percent to $98.5 per barrel on May 11.
U.S. stocks dropped sharply (wiping out this week’s advances) in tandem with plunging commodity prices
The Chinese economy may be in trouble and the stock market seems to acknowledge the dangers.
Top hedge fund founder and stock trader Raj Rajaratnam was 'expressionless' in a New York federal court on Wednesday as a jury verdict was read finding him guilty of 14 charges, including insider trading.
HSBC Holdings Plc (NYSE: HBC) said it plans to save up to £2-billion (or $3.5-billion) over the next two years. by downsizing its wealth management and retail segments
U.S. stocks were set to open little changed on Wednesday as investors sorted through company news to find reasons to lift the market further after three days of gains.
The companies whose shares are moving in pre-market trade on Wednesday are: Capital Trust, Macy's, Rosetta Stone, Netapp, Carnival, Magic Software Enterprises, Aircastle, Walt Disney and Molycorp.
U.S. stock index futures edged higher on Wednesday on follow-through from three days of gains on Wall Street as growth in China showed signs of cooling.
China and the United States reached agreement to collaborate closely in the Asia-Pacific region after a two-day strategic and economic dialogue in Washington D.C. on Tuesday.