ECONOMY & MARKETS

Ben Bernanke

Fed Loads Up Balance Sheets, Begins Europe Bailout On Same Week It Promises Not To: Data

Last week Federal Reserve chairman Ben Bernanke told federal lawmakers that no bailout of Europe was forthcoming and ended a monthly meeting of the central bank’s top decision-making body by pointedly rejecting a new round of quantitative easing. Data released by the Fed reveals that, at least partially, the organization spent the week engaging in exactly those actions.

10 Bearish Predictions for Investors in 2012

A man stands next to a globe displaying international stock market prices at the London Stock Exchange in the City of London
At a time of daily stock-market seizures, weekly bank and sovereign debt downgrades and monthly central bank interventions, most people are seeing the glass half empty, and have forecasted bearish -- if not downright abysmal -- market conditions for next year. A look at some of the more salient predictions.
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Man is reflected on an electronic board displaying stock prices outside a brokerage in Tokyo

Asia Stocks and Euro Edge up After Selloff

Asian stocks and the euro edged up on Tuesday, but sentiment remained fragile on concerns that efforts to contain the euro zone debt crisis were faltering and tougher rules to strengthen banks' capital would further undermine their profits.
Goldman Sachs have been fined again for trading non-public information

Goldman Sachs' Quarterly Earnings Will be Less Than Half of Consensus: Nomura

In a bombshell research note that is making the rounds of Wall Street this morning, Glenn Schorr, the financial services sector analyst for Nomura, cut his estimate for Goldman's fourth-quarter earnings to $1 per share, half of his previous $2 prediction. That's less than half of what the consensus expectations are. Other bank estimates were also taken down.
Kingfisher Airlines

Kingfisher Grounds Planes; Lenders Await Report

Lenders to cash-strapped Kingfisher Airlines, which has been grounding planes and cutting routes to stay aloft, are awaiting a report on the airline's viability before they approve a $133 million loan, banking sources said on Monday.
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U.S. Stock Futures Point to Gains

Stock index futures pointed to a higher open on Wall Street Monday, with futures for the S&P 500 up 0.43 percent, Dow Jones futures up 0.26 percent and Nasdaq 100 futures up 0.38 percent at 0945 GMT.
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What the Future Holds for Employment in the Garden State

Recently, non-farm employment in New Jersey has been shaky, with employment falling in two of the last three months. Much of the job loss has been in the leisure and hospitality and information sectors, said an economist at Wells Fargo Securities.
Bollywood Box Office

Bollywood Rediscovers Its Heroes in 2011

The Hindi film industry struck gold in 2011, revving a lackluster box-office with some help from its leading men, wooing audiences after a dismal run last year.
Ben Bernanke on screen at the Chicago Mercantile Exchange.

7 Positive Predictions for Investors in 2012

With less than two weeks left before the end of the year, all kinds of market participants, from economists at multinational banks to stock bloggers in their bedrooms, have begun to give their predictions for 2012. Here is a lucky set of seven predictions that could benefit investors next year.
Traders work on the floor of the New York Stock Exchange

Wall Street Rally Fades After Warnings on Europe

A rally in stocks fizzled, leaving major indexes with modest gains on Friday, as Wall Street was torn between hope that U.S. economic data signals better times ahead and fear Europe's debt crisis will engulf world economies.
Global Debt Crisis

As U.S. Economy Gains Steam, Hopes Pinned on Eurozone

The threat of Europe's financial crisis drifting overseas, slowing the U.S. recovery, remains. The Federal Reserve noted this week that Europe's debt crisis remains a threat to the U.S. economy, which it said is expanding moderately. Concerns linger over the health of the European banking sector and possible ratings downgrades in debt-ridden European countries.
Man is reflected on an electronic board displaying stock prices outside a brokerage in Tokyo

World Stocks Rise from 3-Week Low

World stocks rose on Friday after upbeat U.S. data and corporate results, while concerns over the European banking sector and nervousness about potential ratings downgrades in European sovereign debt underpinned German government bonds.

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