Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
Big bank shares hammered after Obama proposal (AP) »
plummeting Thursday.
, Obama vowed to fight big banks with tougher regulations that he believes would head off the cascading failures that required billions in bailout funds for
.
He wants new rules that would restrict banks in the use of depositor money and also limit how big financial institutions can become.
“The market certainly [...]
Asian stocks lower after China’s economy surges (AP) »
dropped Thursday after China’s economy surged last quarter, adding to worries about Beijing’s ability to prevent overheating without derailing the recovery.
Major markets were down by less than 1 percent, following sharp losses on
.
rose while the dollar gained against the yen and euro.
, declaring itself the first country to recover from the [...]
IBM raises outlook but investors wary after rally »
NEW YORK (Reuters) – IBM raised its 2010 profit target and reported a stronger-than-expected, 9 percent increase in fourth-quarter earnings, as cost cuts and a shift to more profitable contracts helped it weather a slump in corporate spending.
IBM’s share price fell 2 percent after the results, however, as the results failed to encourage more [...]
Techs lead Wall St higher; Intel up after results (Reuters) »
's quarterly results that business spending will bolster profits in the sector.
.O), a Dow component and the world's largest chipmaker, after the bell reported a quarterly profit that beat expectations. Its shares had risen 2.5 percent ahead of the results.
Intel results “tell you a lot about what companies are capable of doing post-recession,” [...]
Sterling firmed after data shows UK trade deficit narrowing »
Daily U.S. Forex Summary
Wed, Jan 13 2010, 06:20 GMT
U.S. dollar
continued its weakening trend this morning except against commodity based currencies despite comments from China International Corp official, Peng Junming, that the dollar had hit bottom and had limited further room to fall, while the yen would keep [...]
European stocks slide after poor Alcoa earnings (AFP) »
, which kicked off the latest results season in the world's biggest economy.
of leading shares slumped 1.19 percent to 5,472.91 points, dragged down by heavyweight mining groups whose
suffered after Alcoa's earnings missed analyst expectations.
.
Elsewhere on Tuesday,
's DAX 30 slid 1.32 percent to 5,962.46 points and in Paris the
shed 1.09 [...]
Stock futures higher after China exports rise (AP) »
are rising, pointing to a higher opening Monday, following strong gains in overseas markets.
Stocks are getting a lift globally after a new report showed Chinese exports jumped by nearly 18 percent in December. The bigger-than-expected increase follows 13 straight months of declines. The increase in exports has added confidence to investors who believe a [...]
After positive start, Wall Street eyes retail data, earnings (AFP) »
opened 2010 riding momentum from last year's strong rally even as doubts emerge about the market in view of an uncertain pace of recovery from the brutal recession.
In the coming week, the focus turns to the health of the American consumer with data on retail sales for December, offering clues on spending which accounts [...]
Stock futures up after China import data; eyes on Alcoa »
NEW YORK (Reuters) – U.S. stock index futures rose on Monday after China’s strong import figures stoked optimism about world economic recovery as investors awaited earnings from Alcoa Inc, which traditionally marks the kickoff of the U.S. quarterly earnings season.
China ended 2009 with record monthly imports of crude oil and soybeans and a strong [...]
EURUSD moves back lower after failing on top side »
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