The BSE Sensex fell for a second consecutive day on Thursday as investors took profits on expiry of monthly derivatives amid concerns about high oil prices.
Copper prices are expected to remain high in 2012 as China's economic growth boosts the metal's performance, according to Intierra Resource Intelligence,, a research firm.
U.S. 30-year fixed-rate mortgage rates rose to 3.95 percent in the week ending Feb. 23 from a record low of 3.87 in the previous week, Freddie Mac said.
Mortgage rates have bounced off a 26-year historic low in the week of Feb. 22, 2012. However, the forecast for 2012 and beyond for rates is still muted.
A closely-watched indicator of German business confidence jumped in February, the fourth month in a row the index has risen, suggesting that country's economy is continuing to grow at a moderate pace even as the wider Eurozone area experiences near-recessionary stagnation.
Claims for jobless benefits held at 351,000 after falling for three straight weeks and the four-week moving average continued to decline. Economists expect the Federal Reserve to raise interest rates sooner if jobless claims stay near 350,000 per week or fall substantially.
The business sentiment survey in Germany Thursday strengthened expectations that Europe's largest economy is on its way to avoid a contraction in the first quarter this year, easing concerns over country slipping back into recession.
The BSE Sensex was headed for a second day of decline on Thursday as investors booked profits from recent rallies as concerns mounted over the state of the global economy, including rising oil prices.
Facebook, which has filed the prospectus for its initial public offering seeking to raise $5 billion in initial funding, is yet to set its price range for the IPO but buying and selling of its stocks are already happening.
The top after-market NASDAQ gainers Wednesday were: Vivus, Orexigen Therapeutics, Arena Pharmaceuticals, Hansen Medical, Questcor Pharmaceuticals and Zix Corp. The top after-market NASDAQ losers were: Horizon Pharma, Smith Micro Software, GRAVITY Co, United Online and Achillion Pharmaceuticals.
The top aftermarket NYSE losers Wednesday were: Polypore International, Genco Shipping & Trading, Titan International, Safeway, Limited Brands, Analog Devices, Thompson Creek Metals, Concho Resources, Ternium and SandRidge Mississippian.
The top aftermarket NYSE gainers Wednesday were: Spirit Aerosystems Holdings, Penn Virginia, Sturm, Ruger & Co, Macquarie Infrastructure, Qihoo 360 Technology Co, Aegean Marine Petroleum Network, Whiting Petroleum Corp, MGIC Investment Corp, Stone Energy and QEP Resources.
The Securities and Exchange Commission (SEC) has filed a lawsuit against the chairman and the former Chief Executive Officer of Puda Coal Inc alleging them of defrauding investors by selling stakes in the firm which they had turned into an empty shell company.
The move is expected to increase anger that the bank is still paying large salaries while thousands, including more than 30,000 layoffs at the bank in the last three years, lose their jobs in a weakening global economy.
Hewlett-Packard reported Wednesday that net income fell sharply for the first fiscal quarter and warned of continued weakness as it was losing market share in personal computers and printer business.
The Federal Housing Finance Administration (FHFA), overseer of Fannie Mae and Freddie Mac, detailed a plan on Tuesday for the companies' uncertain futures, grappling with the challenges of political hostility, reluctant private investors and a fragile housing market.
Taiwan and China are engaged in a kind of “metaphysical battle” for Lin’s identity.
It didn't take long for the initial relief following Tuesday's long-awaited Greek bailout deal to die down. Global stocks ended Wednesday lower as investors took a cautious stance on the Eurozone economic outlook following disappointing business activity data and Fitch's announcement to cut Greece's credit rating further into junk status.
When looking for stocks to buy for 2012, it may help to consider what hedge fund managers piled into during the last quarter of 2011.
U.S. home resales rose to a 1-1/2 year high in January, pushing the supply of properties on the market to the lowest level in almost seven years in a hopeful sign for the housing sector.
A super PAC supporting President Barack Obama in his re-election campaign released its first ad Wednesday, blasting Republican Mitt Romney for his opposition to the program of government loans to rescue General Motors and Chrysler.
T-Mobile USA Inc. asked regulators in a filing on Tuesday to block Verizon Wireless (NYSE:VZW)'s bid to buy airwaves from cable companies, arguing that the move would pose a clear threat to competition.
Actor Brad Pitt may soon have a new role: real estate developer. Croatian paper Jutarnji List reported that Pitt has partnered with businessman Danko Koncar and actor Rade Serbedzija to build a luxury waterfront resort in the Brijuni Islands in the Adriatic Sea.
When it comes to the debate on whether the United States is experiencing inflation, it is typically not a yes or no interchange. If you have read the first two parts (Part 1, Part 2) of my series on inflation, you are well aware that I am on the side that inflation is already upon us. My counterparts, typically, will not only disagree, but will also bring up the issue of deflation.
The Consumer Financial Protection Bureau said Wednesday it is asking banks about overdraft fees for checking accounts and the effect they have on consumers.
Sales of existing U.S. homes rose 4.3 percent to 4.57 million in January, up from a revised 4.38 million in December, according to the National Assocation of Realtors, marking further improvement in the housing market as interest rates remained low and the job market saw gains.
DoubleLine Capital's stock market prediction for 2012 is cautious despite the current jolly mood of investors.
China's manufacturing activity may shrink for a fourth consecutive month in February, despite edging up to the highest point in four months, according to a preliminary report released Wednesday.
What can stop the progression toward $5 gas?
Fitch Ratings downgraded Greece's credit rating further into junk status, a move widely anticipated after the country said it will force bondholders who do not voluntarily sign up to a debt swap plan to take a loss on their holdings.
