Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
Author Lewis says Wall Street reckoning is coming »
(Reuters) – Wall Street’s biggest banks could be broken up by the Congress in the coming year in an eventual reckoning over the financial meltdown of 2008, “Liar’s Poker” author Michael Lewis said on Tuesday.
Lewis, promoting his latest book “The Big Short: Inside the Doomsday Machine” about the crisis, predicted a war will be [...]
Wall Street hits fresh 17-month high after Fed »
(Reuters) – Stocks rose to a fresh 17-month high on Tuesday after the Federal Reserve held benchmark rates near zero and maintained its pledge to keep them low for an extended period.
The central bank also pointed to increased momentum in the economy’s recovery, and that, coupled with strength in Intel, helped the S&P 500 [...]
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 [...]
FDIC’s Bair blasts Wall Street’s values on pay »
An outspoken U.S. bank regulator on Tuesday rebuked Wall Street firms for only paring huge bonuses after a public outcry, saying she wished they had a better “propriety compass.”
Sheila Bair, chairman of the Federal Deposit Insurance Corp, said executives and traders at big financial firms need to get a better sense of values and [...]
Greek drama plays out on Wall Street »
U.S. stocks could struggle to make headway this week if a meeting of European finance ministers fails to reassure markets that they can contain Greece’s debt problems.
Greece’s financing problems have focused investors’ attention on the growing mountain of public debt as cash-strapped governments around the world spend their way out of recession. The fear [...]
Wall Street cuts losses, ends up with techs, materials »
Wall Street cuts losses, ends up with techs, materials
Stocks erased a midday drop to end slightly higher on Friday, closing out a volatile week punctuated by mixed signals from the labor market data and growing anxiety over fiscal problems in Europe.
Major indexes turned positive heading into the close, as investors scooped up shares [...]
ExxonMobil profit fuels early Wall Street gains (AFP) »
.
rose 92.95 points (0.92 percent) to 10,160.28 at 1538 GMT, as stocks bounced back from a rocky week and losses for the month of January.
advanced 15.29 points (0.71 percent) to 2,162.64 while the Standard & Poor's 500 index added 12.10 points (1.13 percent) to 1,085.97.
The first trading in February kicked off on [...]
Fed, techs lift Wall St; futures cheer Obama »
Fed, techs lift Wall St; futures cheer Obama
NEW YORK (Reuters) – Stocks rose on Wednesday after the U.S. Federal Reserve pledged to keep interest rates near zero and stock futures signaled more gains ahead after President Barack Obama struck a conciliatory tone on banks in his State of the Union speech.
Stock index futures [...]
Fed, techs lift Wall St; futures cheer Obama (Reuters) »
NEW YORK (Reuters) –
Stocks rose on Wednesday after the U.S. Federal Reserve pledged to keep interest rates near zero and
struck a conciliatory tone on banks in his State of the Union speech.
Stock index futures shot up in late after-hours trading as Obama pushed job creation to the top of his agenda to bring [...]
Asia stocks extend losses after Wall Street tumble (AP) »
.
dropped less than 1 percent as the region posted its fourth day of losses, while European shares fell about 1 percent in early trade.
fell near $74 a barrel and the dollar was mixed against the yen and euro.
Investors continued to cut back their bets on stocks after U.S. markets tumbled Friday to [...]