Ahead of Friday's U.S. jobs report, today the Bank of England cut interest rates in the U.K. to avoid a possible post-Brexit vote recession. Policymakers voted unanimously to cut rates a quarter point to 0.25% in the BOE's first rate reduction in seven years. Banking officials in the UK...
Investors embraced this week in the same fashion they have been embracing 2013, stocks continued to rally. The difference that sets this week apart from most of 2013 rallying is the motivation that is driving higher investment volume. This week, markets are going up on reaction to good economic...
As markets struggled for a third straight trading day, (going back to last Friday) a Bank of America-Merrill Lynch Global Fund Manger Survey released today stated:
Fund managers' cash levels are at their highest in nearly 15 years amid worries over a British exit from the European Union and the...
As more earning reports came out today, Wall Street struggled to maintain gains and finished down across the board. Tech giant Apple doesn't report earnings until next week, and some experts are predicting a 10% chance of an earnings plunge. Apple is having its worst year since the financial...
As all three U.S. stock indexes finished with record closes, word came today that Macy's, one of the world's largest retailers is closing 100 of its 650 stores, or 15% of its global locations. According to Challenger, Gray & Christmas, more than 43,600 layoffs have been announced in the...
U.S. stocks moved higher Thursday following European Central Bank (ECB) President Mario Draghi's announcement that the ECB will embark on a bond buying program in the near future.
The announcement came about 10 a.m. East Coast time and immediately sent the Dow soaring by almost 200 points.
The ECB's program will...
U.S. stocks were higher Friday, recovering some losses from a rough week in trading on Wall Street.
The Euro climbed to $1.13 against the U.S. dollar on Thursday, its highest point in months. But the contradictory nature of the market reared its ugly head—after weeks of hearing how a strong...
It was a mixed day on Wall Street but perhaps more alarming was a report by world renowned French bank- Societe Generale. The bank released its quarterly report that included concerns about the possibility of so-called "black swan" events that could harshly disrupt global economies.
“Risks to the world economy...
Wall Street continued to stay true to the 2014 theme as stocks ended the first week of trading down and not nearly as bullish as 2013,
Again, it may be too quick to start speculating on the psyche of investors just yet, as it understood that trading volume is low...
Even though stocks had their best month in four years, Wall Street ended the month of October on a down note finishing lower on all three indices. Chris Gaffney, president of world markets at EverBank told CNBC:
"There's just a whole lot of uncertainty in markets right now. We've had...
