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U.S. stocks finish lower after hitting early highs
SAN FRANCISCO (MarketWatch) -- U.S. stocks finished slightly lower Monday after many reached new all-time highs early in the session, only to retreat near intraday lows soon after. At 4 p.m. Eastern, the S&P 500 ...
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Auditor balks at public backing of I-4 bonds
And, she added, tolls are not popular, possibly prompting "public ire [that] would stop at the Orange County Board of County Commissioners long before reaching Tallahassee." Essentially, ...
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US STOCKS-Wall St ends flat on correction worries
Mon May 20, 2013 4:48pm EDT * Yahoo to buy Tumblr for $1.1 bln, vows not to screw up * Dow, S&P 500 briefly hit all-time intraday highs * JA Solar's margin bets pay off, shares surge * Dow off 0.1 pct, S&P off 0.1 pct; Nasdaq off 0.1 pct By Angela Moon NEW YORK, May 20 (Reuters) - U.S. stocks ended little changed on Monday, with indexes hovering near record levels as concerns about a ...
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Several at White House knew of IRS probe Carney
WASHINGTON (MarketWatch) - Several senior White House staff members were aware last month that the Treasury inspector general was close to finishing an audit that had uncovered Internal Revenue Service targeting of conservative groups, White House spokesman Jay Carney said Monday. The staff members were alerted by White House chief lawyer Kathryn Ruemmler on April 24. Following the alert, there ...
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Apple tells Congress it doesnt use tax gimmicks
+2.31% will tell a Senate Homeland Security subcommittee on Tuesday that it does not use "tax gimmicks" and that its Irish arm "is not a shell company." ...
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Oil futures rise to end above $96 a barrel
+0.68% gaining 69 cents to end at $96.71 a barrel on the New York Mercantile Exchange. Weakness in the U.S. dollar and recent upbeat U.S. economic data provided support for oil prices, though concerns remain about ample U.S. stockpiles of ...
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Wall Street near record levels trading choppy
economy to reach "escape velocity" next year. Earlier, the Dow climbed to an all-time intraday high at 15,391.84, while the S&P 500 edged up to a new intraday record high at 1,672.84. Both major indexes are up about 17 per cent for the year so far. The S&P 500 is up more than 1,000 points from March 2009 lows. Analysts say various benchmarks are battling key levels, which could ...
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Wall St hesitancy after new records
Wall Street touched fresh records earlier in the day before giving up gains as investors await clues from the US Federal Reserve on its plans for maintaining stimulus measures. The minutes from the latest Fed's policy committee meeting are due on Wednesday, the same day that Fed Chairman Ben Bernanke will be giving testimony to Congress. In late afternoon trading in New York, the ...
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SP 500 Nasdaq touch new session lows
NASDAQ traded symbols and their current financial status. Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. S&P/Dow Jones Indices (SM) from Dow Jones & Company, Inc. SEHK intraday data is provided by SIX Financial Information and is at least 60-minutes delayed. All quotes are in local exchange ...
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Feds Evans Need more time to assess job gains
WASHINGTON (MarketWatch) - There has been "good progress" in the labor market, but questions remain over whether the gains are sustainable, said Charles Evans, the president of the Chicago Federal Reserve Bank, Monday. "I think we need a little more time to assess that," Evans said in a speech to the CFA Society Chicago. His comments suggest that Evans is not willing to ...
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Fitch Affirms Floridas GO Bonds at AAA
Slow Progress on GAAP and IFRS Convergence; Optionality for Impairments Increases Significant differences will remain between the GAAP and IFRS accounting standards in 2013, although cooperation and progress continues on some remaining joint projects, according to Fitch Ratings. The pipeline of new standards promises increasing commonality between the two platforms over coming years. Progress ...
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US STOCKS-Wall St hovers near record levels as investors hesitate to jump in
Mon May 20, 2013 2:18pm EDT * U.S. Fed has right monetary accommodation in place: Fed's Evans * Dow, S&P briefly hits new session highs * Yahoo's board approves $1.1 bln Tumblr acquisition * Indexes: Dow off 0.2 pct, S&P off 0.2 pct, Nasdaq 0.3 pct By Angela Moon NEW YORK, May 20 (Reuters) - U.S. stocks slipped by afternoon trade on Monday as indexes struggled to break above their record ...
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The Federal Reserve Ignores Its Own Role in the Financial Crisis
Since the financial meltdown in 2008, the Federal Reserve's range of powers have expanded, as have the kinds of financial institutions it monitors and regulates. Fed Chairman Ben Bernanke is now saying that the Fed's oversight has expanded beyond strictly financial institutions to wide swaths of the economy that might, in his words, provide evidence of "emerging ...
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SAC reassures employees over government probe
NEW YORK (MarketWatch) -- SAC Capital, in a conference call on Monday, sought to reassure concerned employees following reports the government had subpoenaed founder Steve Cohen, according to CNBC. The call was to tell employees that the legal troubles around the firm were just media speculation. Employees were reminded that the investigation will soon be over and that it does not believe SAC ...
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Wall Street inches up as deals provide support for rally
US stocks rose slightly as acquisition activity gave support, but investors were hesitant to rush into the market with indexes hovering around record ...
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GLOBAL MARKETS-Shares grind higher yen rebounds on ministers remarks
* Global equity markets continue to climb * Yen gains on minister's comments, rise seen temporary * Gold gains after longest losing streak in four years * Oil rebounds, rises above $105 a barrel (Updates prices, adds close of European stocks) By Herbert Lash NEW YORK, May 20 (Reuters) - Global equity markets resumed this year's rally on Monday, driven higher by a flurry of merger and ...
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Wall Street trade group taps ex-senator Gregg as CEO
The top trade and lobbying group for the securities industry on Monday snagged two ex-members of Congress for high-level jobs. Former senator Judd Gregg, a New Hampshire Republican, is the new CEO of ...
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Death cross brewing in bond market
The short-term average has been moving lower and the long-term average has been creeping up over the past few weeks as yields move higher. On Friday, the 50 day moving average was 1.82%, compared with 1.78% for the 200 day moving average. If history is any guide, hitting the death cross could lead to more bond buying, a sharp drop in yields and a correction in stock prices, according to Abigail ...
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Supersized takeout Seamless GrubHub merge
Customers from more than 500 cities will be able to order from 20,000 local restaurants through the joint company. The companies said in a statement that the merger will allow them to pool technology and offer orders from an expanded list of restaurants in the U.S. and also in the U.K. For instance, Jonathan Zabusky, Seamless' CEO, said the merger would combine its popular iPad app with ...
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Fitch Upgrades Greek Covered Bonds After Banks and Sovereign Upgrade
Mon May 20, 2013 12:31pm EDT (The following statement was released by the rating agency) LONDON, May 20 (Fitch) Fitch Ratings has upgraded National Bank of Greece's (NBG, 'B-'/Stable/'B'), Piraeus Bank's (Piraeus, 'B-'/Stable/'B'), Alpha Bank's (Alpha, 'B-'/Stable/'B') and Eurobank Ergasias' (Eurobank, ...
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FTSE 100 jumps to highest close since Sept. 2000
+0.48% ended at the highest closing level since September 2000 on Monday, according to FactSet, boosted by banking shares and a rally for budget airliner EasyJet ...
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Wall St dips but deals lend support
Deals including Yahoo's $1.1 billion bid for Tumblr indicate that companies continue to search for growth through acquisitions despite record highs, a bullish sign for ...
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Local stocks extend run-up following Wall Street rally
Stock markets in Shanghai and Shenzhen carried their recent winning-streak into Monday as Wall Street's rising tide buoyed most A-shares.The benchmark Shanghai Composite Index added 0.75 percent, or 17.12 points, to close at 2,299.99; while the Shenzhen Component Index added 0.66 percent, or 60.87 points, to finish at 9,307.15.The gains came after upbeat US economic data lifted the Dow ...
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The Too Big To Fail Federal Reserve Bank At 100 Years Of Age
Federal Reserve Chairmen Ben Bernanke As the markets reach new highs, and scandal dominates the nation's capitol, I am compelled to examine the still unresolved challenges about whether our 100 year old central bank- the Federal Reserve- will be capable of warding off another potential systemic financial crisis like the one that almost toppled the economy in 2008. And secondarily, whether ...
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Stocks open mixed as investors eye Federal Reserve
CNBC's Jim Cramer explains why Yahoo is "desperate' to become part of the technical "firmament." Stocks were narrowly mixed Monday, as investors seemed to take a breather after major averages finished higher for the fourth-consecutive week and amid ongoing concerns ...
Kyrgyzstan Featured
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Kyrgyzstan must stick to long-term development plans
While news of the political unrest and government change in early 2010 dominates the world headlines, Kyrgyzstan faces an uncertain future as long-term plans for infrastructure development are thrown into disarray and uncertainty.
Kyrgyzstan is one of the poorest countries in Central Asia and stands to benefit greatly from long-term development plans initiated under the auspices of the Central Asian Regional Economic Cooperation (CAREC) Program, if the interim government can move on from the current political crisis and stabilize the country’s economy and political future. Read more
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