This week's economic calendar is relatively light in the U.S. with the releases of existing home sales, durable goods orders, and the University of Michigan consumer confidence survey. Attention will likely focus on data out of Europe. Euro zone PMIs, Germany IFO survey, and first-quarter gross domestic product data for the U.K. will be released.
One of the biggest and most anticipated IPOs of the year, quite possibly the decade, is ready to hit Wall Street tomorrow, but if you're thinking about buying shares, you're not alone. Not in the least. If you're looking to get a piece of the stock, we're here to help you. But be warned: It will not be easy.
J.C. Penney Co Inc shares plunged nearly 20 percent on Wednesday, their worst decline ever, wiping away $1.43 billion in market value a day after the retailer shocked Wall Street with a much worse-than-expected drop in sales and by scrapping its dividend.
Global bank stocks fell Monday as investors panicked that a weekend electoral impasse in Greece might be a prelude to that country to leave the 17-member euro zone.
The main event this week is April?s retail sales report, which could see some payback after the unseasonably warm weather boosted March?s results. In Europe, investors will get a look at how the region?s economies fared in the first quarter.
Deutsche Bank is as German as lederhosen, sauerkraut, beer and the Autobahn.
Bombay Stock Exchange's Sensex lost more than 100 points Monday afternoon trade as the slump in European markets and a worse-than-expected inflation for April hit the markets hard.
Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage business but also spur drawn-out legal fights.
Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender shed its troubled mortgage business but also spur drawn-out legal fights.
Where to watch live coverage of Arsenal's crucial match against West Brom on the last day of the Premier League season, plus a full preview, probable lineups and prediction.
Where to watch live coverage of Manchester United's trip to Sunderland on the final day of the Premier League season.
Where to watch live coverage of the Premier League encounter between Liverpool and Chelsea, plus a full preview, prediction and probable lineups.
U.S. consumer credit expanded in March at the fastest pace since late 2001, boosted by a rebound in credit-card use, and higher student and car loans, data from the Federal Reserve showed Monday.
British bank Barclays PLC (London: BARC) is making a grand entrance into the U.S. retail banking space, debuting an online savings account this week that pays substantially more in interest to accountholders than its closest competitors.
Gold eased on Monday after elections results in France and Greece that reflected strong anti-austerity feeling raised concerns over the euro zone's ability to battle its debt crisis, knocking the euro to a three-month low against the dollar.
Highlighting the economic data this week -- May 7-11 -- are the March trade-balance figures to be released Thursday. Economists expect the U.S. trade deficit to widen after its sharp narrowing in February.
Employers likely increased hiring in April, although not enough to lower the country's 8.2 percent jobless rate, keeping pressure on President Barack Obama ahead of his November re-election bid.
General Motors Company (NYSE: GM), the world's largest auto company, reported profits down 69 percent for the first quarter, but the loss resulted from outsized, one-time profits the year before. Overall performance for the company was strong, with revenue driven 4.4 percent higher by strong U.S. sales and improved global margins.
Dragged down by a precipitous slump in demand for civilian aircraft, U.S. factory orders dropped at the highest rate in three years during March, data released by the Commerce Department Wednesday morning showed.
As always, Apple is mum about its next generation iPhone, presumably called the iPhone 5. There has not been any official word about the device's features or its release timeframe. However, that hasn't stopped the rumors to flow in, making the wait for the highly anticipated smartphone even more exciting.
Jay-Z's official fan page bigged up the Brooklyn Nets Tuesday by sending the team's new logo out to 13 million of the rapper's fans on Facebook.
In spite of organizers providing free coffee and bagels, planned May Day demonstrations across New York convened by the loosely organized movement against social and economic inequality known as Occupy Wall Street got off to a wet, slow, sleepy start. Much like the day itself, however, the street actions began warming up into the late afternoon and, by lunchtime, seemed to be close to going into full swing.