Another possible scenario, if the situation in Europe continues to improve and we are able to avoid any black swans, involves a robust economic growth period.
U.S. new-home sales fell 1.6 percent in February, but prices jumped to their highest level in seven months, according to the Commerce Department.
Kim, 52, will be the first physician to head the bank and the second U.S. nominee to have been born abroad. He has served as Dartmouth College's president since 2009.
The MIT-trained Xie accurately predicted Japan's asset bubble of the 1980s, the 1997 Asian financial crisis, the deflation of the dot-com bubble and the U.S. subprime mortgage crisis.
The top after-market NASDAQ losers Thursday were: Layne Christensen, Anthera Pharmaceuticals, UTi Worldwide, Wet Seal, Micron Technology, Cepheid, Crocs, Alkermes, Stewart Enterprises and Spreadtrum Communications.
The top after-market NASDAQ gainers Thursday were: Cost Plus, Corinthian Colleges, Zoltek Companies, Golar LNG Ltd, Ultratech, KIT digital, Healthways, Freightcar America, Fuel Systems Solutions and American Railcar Industries.
T-Mobile USA has announced that it is closing seven customer service facilities across the country by the end of June along with cutting 1,900 jobs.
The top aftermarket NYSE losers Thursday were: Genesis Energy, Neustar, American Eagle Outfitters, Steelcase, Spansion, DSW, VimpelCom, Express and Cott Corp.
The top aftermarket NYSE gainers Thursday were: Range Resources, Ferro Corp, Petroquest Energy, CNF, McMoRan Exploration, IDT Corp, QEP Resources, Superior Energy Services, CONSOL Energy and USG Corp.
Stocks took a big step back Thursday after more signs pointing to weakening economic conditions in China and Europe spooked investors to make a run for safety.
A woman’s group has mounted spirited opposition to a prospective nomination of former Secretary of the Treasury Lawrence Summers, 57, to be president of the World Bank.
Interest rates on the 30-year, fixed-rate mortgage rose above 4 percent for the first time since October 2011, following increases in bond yields, Freddie Mac reported.
Japan posted a surprise trade surplus of 32.9 billion yen, or $397.35 million, in February -- its first in five months, amid strong exports to the U.S., the Ministry of Finance said.
Its unique position straddling Europe and Asia and a tumultuous history tell only part of the story of why Russia faces an unprecedented challenge for an industrialized country.
The euro zone slid back into recession in March as output fell for the second quarter running, reaching a new three-month low, according to Markit's Eurozone PMI Composite Output Index on Thursday.
China's factory activities slumped for the fifth consecutive month as weakening domestic demand continued to weigh on growth. Spooked investors moved quickly out of riskier assets while hoping for further easing from Beijing.
Claims for jobless benefits fell to a four-year low of 348,000, a sign that the labor market recovery is picking up steam.
While shipping costs have been recovering over the past month from historical lows earlier this year, rates for the biggest vessels keep falling. Mistrust in the market, bad luck for iron exporters and a slowdown in world steel consumption are to blame.
The top after-market NASDAQ gainers Wednesday were: Alimera Sciences, Shoe Carnival, Origin Agritech, Smith & Wesson Holding, James River Coal and GRAVITY Co. The top after-market NASDAQ losers were: Sonic Corp., Herman Miller, China Lodging Group, Chinacast Education Corp, Intuit Inc and OmniVision Technologies.
High oil prices affect politics, schools, jobs, public budgets and almost every industry. But current pressures could be augmented if war breaks out between Israel or the United States and Iran, with the result being a costly disruption in global supply.
Watson Pharmaceuticals Inc is reported to be closing on the acquisition of Actavis for about $7 billion.
Crude oil prices declined in European trade Thursday as sentiment was dampened after reports indicated a sharp slowdown in the Chinese manufacturing activity in March.
The top aftermarket NYSE gainers Wednesday were: Oxford Resource Partners, Sturm, Ruger & Co, Office Depot, Ethan Allen Interiors, Suntech Power Holdings and Gol Linhas Aereas Inteligentes. The top aftermarket NYSE losers were: Costamare, TRC Companies, Glimcher Realty Trust, Precision Drilling Corp, OfficeMax and Ralcorp Holdings.
A lawsuit that accused Goldman Sachs Group Inc. of defrauding investors was refused dismissal by a federal judge in Manhattan, according to the latest reports.
Recent industry reports suggest that China's corn production in 2011/12 could be as much as 14 percent lower than current official estimates, according to Capital Economics.
Asian shares gave back earlier gains Thursday after data showed China's factory activity shrank for a fifth successive month, underscoring concerns about a growth slowdown in the world's second largest economy.
Asian shares inched up Thursday but remained in ranges as investors waited for manufacturing data from China and the euro zone due during this session for more clues about the state of their economies.
Markets bobbed up and down Wednesday on conflicting data as to what the U.S. economic picture will look like in the near term. Investors spent the day dealing with conflicting sentiments: a less-than-enthusiastic housing report on the one hand, a view that the U.S. economy is generally getting better on the other.
China's skein of trade surpluses and Treasury-buying has run its course and the country will need to begin selling some of its vast holdings of U.S. debt, says Frederick Sheehan, ex-head of asset allocation at John Hancock Financial Services.
Moody's downgraded more than $2.5 billion of Detroit's municipal debt as the city continues to struggle through a prolonged fiscal crisis and the state debates the possible installation of a financial advisory panel or an emergency manager to administer the finances of Michigan's largest city.
