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Wall Street edges up on Apple, but financials drag

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U.S. stocks rose in a slow session on Tuesday as Apple Inc and Verizon Communications Inc climbed, while data showing more stabilization in the economy helped offset profit-taking in the financial sector.

Wall St. edges up on Apple, but financials drag

IBTimes Logo
U.S. stocks rose in a slow session on Tuesday as Apple Inc and Verizon Communications Inc climbed, while data showing more stabilization in the economy helped offset profit-taking in the financial sector.
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Economist Johnson urges breakup of big U.S. banks

America's big banks must be broken up and their risk-taking curtailed or the world's richest economy will face another massive financial crisis, former IMF chief economist Simon Johnson says in a new book.
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Want to see the iPad? So do Apple store employees

As Apple Inc gears up for the crush of customers expected for Saturday's iPad launch, employees who staff its retail stores are just as curious about the tablet as the fans who will line up outside.
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Data helps Wall Street but debt worries weigh

U.S. stocks stayed near the break-even point on Tuesday as persisting worries about overseas fiscal problems offset optimism over data that underscored the view the economy was stabilizing.
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Toyota safety probe taps rocket scientists

U.S. auto safety regulators said on Tuesday they will tap the expertise of the country's top space and aeronautics experts to analyze Toyota Motor Corp's electronic throttles to see if they are behind the reports of unintended acceleration that have hounded the automaker.
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Consumer confidence rebounds in March

U.S. consumer confidence rebounded in March, helped by a slight increase in optimism about the labor market, according to a private report released
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Consumers, house prices bolster recovery hopes

U.S. consumer confidence rebounded in March, while home prices rose in January for the eighth straight month according to a closely watched housing index, bolstering hopes for a sustainable economic recovery.
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Coal fuels much of Internet cloud, says Greenpeace

The 'cloud' of data which is becoming the heart of the Internet is creating an all too real cloud of pollution as Facebook, Apple and others build data centers powered by coal, according to a new Greenpeace report.
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Manufacturing execs more upbeat on recovery

U.S. manufacturing executives have a brighter outlook on the economic recovery than do their colleagues in the European Union or the service sector, according to a study released on Tuesday.
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Vietnam signs nuke energy deal with US

Facing enormous energy shortage, Vietnam on Tuesday signed an agreement with the US to boost nuclear energy production in the country. According to Vietnam's energy ministry, the deal will help the country to meet growing energy demand as it allows U.S. firms to help build nuclear plants in the country.
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Inflation raises the value of US coins: NIA

Sustained inflation has rised the denomination values of US coins over the years, according to National Inflation Association which has launched 'Coin Melt Values' as a new feature in its website http://inflation.us/coins. It is updated daily with the latest melt values of U.S. coins that are currently in circulation or were previously in circulation. The purpose of NIA's new feature is to demonstrate how over time, inflation makes U.S. coins worth more than their denomination values, a NIA pres...
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Wall Street up on consumer data

U.S. stocks rose on Tuesday as consumer confidence and housing data reaffirmed the view that the economy was stabilizing, and Apple Inc's move to develop a new iPhone boosted telecom and chipmaker shares.
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Poll charts concerns about healthcare costs

(Reuters) - Nearly two-thirds of Americans say the healthcare overhaul signed into law by President Barack Obama costs too much and expands the government's role too far, according to a poll published on Tuesday.
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Wall Street to open slightly higher as Apple climbs

Wall Street was poised for a slightly higher open on Tuesday as a report showed home prices rose in January for the eighth-straight month, while corporate news, including about Apple Inc, supported early gains.
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EUR/USD ... and now?

After a range in the morning between 1.3417 and 1.3452 there was some growing into the direction of 1.3490 with a false break-out and for the rest of the day a sideways range. Reason for that might have been yesterdays not overwhelming news. EXPECTATIONS FOR TODAY´S TRADING DAY So what can we trader expect for today?
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Stock futures up before home, consumer data

U.S. stock index futures rose on Tuesday as investors looked to upcoming data for clues the economy was stabilizing, while corporate news, including about Apple Inc, supported early gains.
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Stock futures trade higher ahead of data

U.S. stock index futures rose slightly on Tuesday as investors looked to upcoming housing and consumer confidence data for affirmation the economy was stabilizing.

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