The Fed’s Beige Book survey provided some relief from the recent drumbeat of downbeat economic news – including Wednesday’s durable goods report.
“Economic activity has continued to increase, on balance, since the previous survey,&q
The Fed’s Beige Book survey provided some relief from the recent drumbeat of downbeat economic news – including Wednesday’s durable goods report.
“Economic activity has continued to increase, on balance, since the previous survey,&q
Gluskin Sheff strategist David Rosenberg is one of the most vocal and vociferous bears on Wall Street. Rosenberg doesn’t believe the recent rally – which hit a small air pocket on Wednesday – is sustainable.
“The market is overbough
The Dow looks to keep its 5-day winning streak alive Wednesday after eking out a minuscule gain on Tuesday. The blue chip index and the S&P 500 both closed above their 200-day moving averages – a key bullish indicator for technical analysts.
Tensions between North Korea and the United States have intensified since the Stalinist nation was accused of sinking a South Korean war ship in March. The pressure rose again this week when the U.S. and South Korea conducted a series of large-scale
From The Business Insider Good morning. Here’s what you need to know: * Asian markets were all up in overnight trading, with the Nikkei up 2.7%. European markets are mostly trading to the downside early today and U.S. futures suggest
Crude oil prices took a hit Tuesday after trading over $79 per barrel, the highest levels in nearly three-months. Prices fell below $76 per barrel following news the Consumer Board’s consumer confidence index fell again in July. Chris Ed
Ken Feinberg’s report on Wall Street bonuses has come and gone with nary a claw-back, and the outrage over Tony Hayward’s severance package was fairly muted, Rep. Edward J. Markey’s (D-Mass.) protestations aside. But revelations about huge CEO pay package
In 1971, The New York Times published a top-secret Defense Department report dubbed “the Pentagon Papers”. The report – which
BP reported a second-quarter loss of $17 billion Tuesday morning and confirmed widespread reports that Tony Hayward will step down as CEO, to be replaced by American-born Robert Dudley. …
One of the principal criticisms of President Obama is that he is anti-capitalism. Opponents even describe his administration’s policies as socialist.Mark Dow, portfolio manager at Pharo Management LLC, a global hedge fund, says these accusations are basel
Provided by the Business Insider, July 27, 2010: Rhetoric about there being “two Americas” divided into the “haves and have nots” is all too common, but you should probably expect to see an uptick in that very soon.Q2 earnings for
GE shares rose another 2% Monday, resuming a rally which began Friday after the company said it will raise its dividend from 10 cents to 12 cents per share. Although it’s still a long way from the 31 cents a share GE was paying before it slashed the