Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
Data, Fed to test if rally has legs (Reuters) »
NEW YORK (Reuters) –
Investors will try to tack another leg on to the year-long U.S. stock rally, looking to this week's economic data and statement from the central bank for evidence the recovery is still on track.
After tumbling during the fourth-quarter earnings season, the
has climbed back to its mid-January levels, racking up a [...]
Commodities lead TSX to 17-month high (Reuters) »
's main stock index ended at its highest point since September 2008 on Tuesday, aided by stronger commodity prices and a renewed pledge by the
U.S. Federal Reserve
to keep interest rates very low for an extended period.
The index's materials sector led the way, rising 1.5 percent, with
up 3.5 percent at C$91.28 after [...]
$4 billion yanked from stock funds in February (Reuters) »
BOSTON (Reuters) –
Investors in February pulled an estimated $3.7 billion from U.S. stock-focused mutual funds, dashing hopes of a rebound in demand for equities, while showering $19.7 billion on
, according to a report from Morningstar.
U.S. stock funds
last year, analysts thought the trend might have turned around in January, when investors added a [...]
Stocks slip amid China, sovereign debt jitters (Reuters) »
SYDNEY (Reuters) –
Asian stocks fell from near seven-week highs on Monday as a currency spat between China and the United States and worries about sovereign debt combined to keep investors away from riskier assets.
Markets were also cautious before U.S. and
later this week. Both are expected to keep
super loose, with a chance of [...]
A decade later, lessons in the Nasdaq collapse (Reuters) »
SAN FRANCISCO (Reuters) –
Ten years ago today, before the
burst, the
hit a record 5,132.52 points — a peak that the technology-heavy market shows no sign of scaling again any time soon.
start-ups with not a scrap of revenue — sales and profits, or at least the prospect of profits, matter.
Today, the Nasdaq index [...]
Asia stocks dip on China tightening fears, yen up (Reuters) »
to tighten monetary policy sooner than expected, while the yen rebounded against major currencies.
European equities were set track Asia lower, with financial spreadbetters expecting Britain's FTSE 100 (.FTSE), Germany's DAX (.GDAXI) and France's CAC 40 (.FCHI) to fall as much as 0.5 percent.
(.MIAPJ0000PUS) shed 0.5 percent, retreating from a seven-week high touched before [...]
General Growth shares rise in Big Board return (Reuters) »
.N) rose on Friday, their first day back on the
, even as the U.S. mall owner operates under bankruptcy protection.
were up 2.3 percent to $14 in late morning trade. The shares had hit a high of $14.40 earlier in the session.
U.S. REIT Index (.RMZ), which was up 1.3percent.
Although rare, General Growth [...]
Wall Street futures flat; economic data awaited (Reuters) »
, the
and the Nasdaq 100 were little changed at 0950 GMT.
At 1245 GMT, ICSC/
versus the prior week. In the previous week, sales were up 2.3 percent.
of department and chain store sales for February versus January. In the prior period, sales rose 1.6 percent.
U.S. automakers release February sales. Economists in a [...]
SEC to beef up its NYC office in 2010 (Reuters) »
and brokerages.
“We have obtained the funds to do more hiring,” said George Canellos, a former federal prosecutor and private litigator, who joined the SEC in June as the head of its New York office.
The agency plans to hire 18 people on the enforcement side, where it currently employs about 150 people in
, [...]
CFTC, SEC eye clearinghouses governance – Gensler (Reuters) »
WASHINGTON (Reuters) –
Congress should give U.S. securities and futures regulators the authority to ensure clearinghouses are protected against
, the chairman of the
said on Monday.
U.S. Senate committees
that will include new oversight for over-the-counter derivatives.
or financial stake in particular transactions,” Gensler said in remarks prepared for the Institute of International Bankers.
) [...]