Result Page 361 for Latest Economy & Markets News & Archive

Asian Shares Stabilize After Selloff

Asian shares steadied Thursday from the previous day's selloff, but investors found no reason to bet on risk amid deepening turmoil in Greece and fears of contagion to other stressed euro zone economies.

GM Ditches Facebook Ads Ahead of IPO, Rest of Auto Industry Stands By

General Motors Company (NYSE: GM) rocked the automotive and advertising worlds with its announcement Tuesday that it will stop buying advertisements on Facebook Inc. (Nasdaq: FB), a value of roughly $10 million a year, on the eve of social networking site's monster IPO. The rest of the automotive industry's major players are not following suit, though, Ford Motor Company (NYSE: F), banking on the strength of the network effect, is actually upping its investment.

Fed Minutes Suggest Further Easing More Likely

Federal Reserve policymakers seemed more likely Wednesday to recommend further monetary easing than just a month ago, as minutes of a Fed rate-setting panel detailed shaky faith in recent indicators of economic recovery.

Greece Concerns Counteract Good News In US: Daily Markets Wrap

Greece continued to weigh heavily on confidence Wednesday as bank customers there began sending cash out of the country or hiding it under their beds -- this despite hints from German Chancellor Angela Merkel that a stimulus would be forthcoming if the country stuck to its austerity commitments.

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US Industrial Production Jumps 1.1% In April - Biggest Gain In More Than A Year

U.S. industrial production posted its fastest growth in over a year in April, boosted by surging output at utilities and a rebound in manufacturing, the Federal Reserve said on Wednesday.

Copper mining in Chile's Esperanza mine near Calama town

Greece Fears Drive Down Global Industrial Commodities Prices

Commodities prices fell Wednesday as investors, preparing for the fallout from an expected Greek exit from the euro zone, abandoned industrial and precious metals for the safety of German and U.S. government debt.

Zimbabwean politician creates uproar by saying women should make themselves less attractive to men to curb spread of HIV/AIDS

PEPFAR: US HIV Aid Prevented 741,000 Deaths [STUDY]

The United States foreign aid program that sends billions of dollars to African countries for HIV treatment and prevention has cut the number of people dying for any reason in those nations, a new study suggests.

US April Housing Starts Rebound, But Permits Fall

U.S. builders began work on more homes than expected in April, government figures showed on Wednesday. But the data suggested that builders might also be slowing their future construction plans.

Greeks Withdraw Cash On Concern About Euro Exit

Greece put a senior judge in charge of an emergency government on Wednesday to lead it to new elections on June 17 and bankers sought to calm public fears after the president said political chaos risked causing panic and a run on deposits.

Huge Demand Prompts Facebook To Sell More Shares In IPO

Surging demand for shares of Facebook (Nasdaq: FB), the No. 1 social network, prompted the company to again boost the number of share for sale in its initial public offering.

April US Housing Starts Rise 2.6% - Better Than Expected

Housing starts rose more than expected in April, according to a government report on Wednesday that offered signs of a nascent housing recovery, even though permits for future building fell after touching a 3-1/2 year high the prior month.

Traders work on the floor of the New York Stock Exchange

Premarket Movers (Acadia Pharmaceuticals, Citigroup, Fossil, Dendreon Corporation, Zynga, Titan Machinery, Staples, Vodafone Group and Corning Incorporated)

The companies whose shares are moving in premarket trade Wednesday are: Acadia Pharmaceuticals Inc., Citigroup Inc., Fossil Inc., Dendreon Corp., Zynga Inc., Titan Machinery Inc., Staples Inc., Vodafone Group PLC and Corning Inc.

Stock index Futures Point To More Losses

Stock index futures pointed to a lower opening on Wall Street on Wednesday, with futures for the S&P 500 and Dow Jones down around 0.1 percent, while the Nasdaq 100 fell 0.4 percent at 4:10 a.m. EDT.

An investor reads a newspaper with a magnifying glass in front of an electronic board showing stock information at a brokerage house in Huaibei, Anhui province April 5, 2012.

Asian Markets Plunge As Coalition Talks Fail In Greece

Asian markets fell Wednesday as political parties in Greece failed to form a coalition government increasing concerns of the country exiting the euro zone.

Risk-On Sentiment Evaporates In Final Two Hours Of Session: Daily Markets Wrap

Investors spent most of Tuesday tip-toeing back into risky assets before suddenly losing their nerve about two hours before the closing bell and retreating, for the second day in a row, to German bunds and U.S. Treasurys.

Scenes in Japan after one month of earthquake

Tech Risks? Disasters, Failure To Innovate Rank High: BDO Survey

In 1999, Andrew Grove, then Chairman of Intel (Nasdaq: INTC), the No. 1 chipmaker, published a bestseller, ?Only the Paranoid Survive.?

JPMorgan Loss 'The Reason We Passed Wall Street Reform': Obama

During a Tuesday morning appearance on the talk show The View, President Obama attributed JPMorgan's $2 billion trading loss to a lack of financial regulation.

German Growth Rescues Euro From Dive

The euro pulled back from a four-month low against the dollar during Asian trading Tuesday after Germany, the euro zone's largest economy, announced first-quarter GDP growth of 0.5 percent.

Is the rate that houses are being built slowing down

NAHB Builder Confidence Index Rises To Five-Year High In May

Homebuilder confidence in the U.S. single-family home market rose to a five-year high in May as buyer traffic increased and sales improved, according to the National Association of Home Builders/Wells Fargo Housing Market Index released Tuesday.

U.S. business inventories disappointed in March

US Business Inventory Data Disappoint In March

U.S. business inventories rose in March at a slower pace than economists predicted, even as sales rallied, a datapoint that shows firms have not been as confident as economists and equity investors that the current economic recovery will proceed at a firm pace.

A Markit PMI survey indicated that the euro zone was continuing its plunge into a double dip recession, Monday.

Euro Zone Avoids 2nd Recession As German Q1 GDP Surprises

Stronger-than-expected growth in Germany helped the euro area avoid its second recession in three years at the start of 2012 but stagnation in France and contraction in southern Europe underlined the huge economic disparities across the single currency bloc.

April US Retail Sales Cooler On Earlier Warm Weather

U.S. retail sales growth slowed last month as warm weather earlier this year pulled shopping that normally occcurs in April into February and March, the Commerce Department said Tuesday.

The Chicago PMI continues to signal economic recovery for the region, although some business have become worried about rising energy costs

April US Consumer Price Index Flat As Gas Prices Fall

Consumer prices in the U.S. were flat in April amid signs that a spike in gasoline costs was ebbing, according to government statistics released on Tuesday, supporting the Federal Reserve's view that the jump in fuel costs is only temporary.

Pre-Market Movers (Acadia Pharmaceuticals, Infosys, UBS AG, JPMorgan Chase, Avon, Home Depot, Nokia)

The companies whose shares are moving in pre-market trade Tuesday are: Acadia Pharmaceuticals Inc, Infosys Ltd, UBS AG, JPMorgan Chase & Co, Avon Products, Inc, The Home Depot, Inc and Nokia Corporation.

Home Depot Sales Miss Estimates; Shares Fall

Home Depot Inc. (HD.N) reported weaker-than-expected quarterly sales on Tuesday after demand slowed in April following a jump in home improvement projects spurred by warm weather earlier in the year.

Traders on the floor of the New York Stock Exchange

US Stock Index Futures Point To Tuesday Rebound

U.S. stock index futures pointed to a higher open on Wall Street on Tuesday, with the futures for the S&P 500 and the Dow Jones up 0.6 percent and Nasdaq 100 futures up 0.8 percent at 0733 GMT.

Euro Zone Economy Avoids Recession But Split Grows

The euro zone just avoided recession in early 2012, but the region's debt crisis sapped the life out of the French and Italian economies and widened a split with paymaster Germany.

Woman walks past stock quotation board outside brokerage in Tokyo

Asian Markets Fall On Greek Political Standstill

Asian markets fell Tuesday as concerns over Greece's future in euro zone increased with the continuing standstill in talks to form a government.

A trader enters an order by a post that sells JP Morgan Chase stock on the floor of the New York Stock Exchange

Bank Stocks Hit By Panic Selling On Greece Crisis, JPMorgan Losses

Global bank stocks fell Monday as investors panicked that a weekend electoral impasse in Greece might be a prelude to that country to leave the 17-member euro zone.

Best Buy Chairman To Resign After Probe Into Former CEO

Best Buy Co. (NYSE: BBY), the troubled electronics retailer, said Monday founder Richard Schulze was resigning as chairman and would be replaced by director Hatim Tyabji, after Schulze didn't tell the board that former CEO Brian Dunn was having an inappropriate relationship with a female employee.

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