US Stocks - Time To 'Sell In May And Go Away'?
You can't blame investors for feeling a bit squeamish regarding deploying new money in the U.S. stock market these days, with the Dow Jones Industrial Average?s (DJIA) recent slide from 13,300 to 12,450 unnerving even the most experienced institutional investors. Where?s the market headed in the next six months?
US Consumer Sentiment Rises To Highest Level In More Than 4 Years
Consumer sentiment rose to its highest level in more than four years in May as Americans stayed optimistic about the job market, while higher income households expected to see bigger wage increases, a survey released on Friday showed.
CalSTRS Pension Fund To Vote Against Wal-Mart Board
The second largest public pension fund said on Tuesday it plans to vote all of its Wal-Mart Stores Inc shares against the entire board in the wake of bribery allegations in Mexico that Wal-Mart officials failed to fully investigate.
US Existing Home Sales Rose 3% In April
U.S. home resales rose in April to their highest annual rate in nearly two years and a falloff in foreclosures pushed prices higher, hopeful signs for the country's economic recovery.
Fitch Downgrades Japan's Credit Rating On Political Stalemate
Fitch cut Japan's sovereign credit status on Tuesday to the lowest level among global ratings agencies as a political stalemate dims the chance that the country can curb its snowballing debt.
OECD Sees Euro Zone Crisis Threatening Global Recovery
The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the euro zone fails to contain the damage from its problem debtor states, the OECD said on Tuesday.
US Lets China Bypass Wall Street For Treasury Orders: Reuters Exclusive
China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters.
Former Rutgers Student Gets 30 Days In Prison For Hate Crimes
A former Rutgers University student was sentenced on Monday to 30 days in prison for hate crimes after spying on his roommate's gay encounter with another man.
JPMorgan Suspends Buybacks, Maintains Dividend
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Monday that the bank had suspended repurchases of its stock, but is maintaining its dividend, while working down losing trades in credit derivatives.
US Stock Index Futures Signal Higher Open Monday
U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.85 percent, Dow Jones futures up 0.49 percent and Nasdaq 100 futures up 0.79 percent at 0842 GMT.
The Most-Effective, Quickest Way To Create More U.S. Jobs
In a talk at New York's Princeton Club, Nobel Prize-winning economist and New York Times Columnist Paul Krugman said the solution to create more jobs and get the U.S. economy to grow faster isn't rocket science: it's fiscal stimulus.
US Senate Banking Committee To Ask Dimon To Testify
JPMorgan Chase & Co Chief Executive Jamie Dimon will be invited to testify before Congress over the recent trading losses announced by the bank, U.S. Senate Banking Committee Chairman Tim Johnson said in a statement on Thursday.
Pinterest Funding Could Value Start-up At $1.5 Billion
Social networking site Pinterest has raised $100 million from a group of investors led by Japanese online retailing giant Rakuten Inc in a deal that reportedly values the three-year-old U.S. company at $1.5 billion.
Fed Keeps Bond-Buying Door Open: Minutes
U.S. Federal Reserve policymakers kept the door open to a fresh round of monetary stimulus, citing downside risks to a moderately expanding economy, according to minutes for the central bank's April meeting.
ECB Stops Operations With Some Greek Banks: Sources
The European Central Bank has stopped monetary policy operations with some Greek banks as they have not been successfully recapitalized, euro zone central bank sources said on Wednesday.
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.
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.
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.
Carlos Fuentes, Mexican Novelist, Dies At 83
Carlos Fuentes, one of Latin America's most eloquent and widely read authors and a fierce critic of governments, has died after a literary career spanning more than five decades. He was 83.
FBI Launches Investigation Of JPMorgan Trading Losses
The FBI has opened a probe into trading losses at JPMorgan Chase & Co, stepping up the pressure on the bank after the U.S. Securities and Exchange Commission and the Federal Reserve said they were also looking into the wrong-way bets that led to the losses.
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.
JPMorgan Trading Loss Shows Need For Wall Street Oversight: White House
JPMorgan's large trading losses affirm the need for Wall Street oversight, the White House said on Monday, declining to comment on the specifics of the case while the U.S. Securities and Exchange Commission investigates it.
Blast Kills 9 In Northern Afghanistan
Explosives planted on a bicycle killed nine people in the relatively peaceful Faryab province of northern Afghanistan on Monday, including a provincial council member, police said, amid an increase in violence across the country.
US Stock Futures Signal Lower Start Monday
U.S. stock index futures pointed to a lower open on Wall Street on Monday, with S&P 500 futures down 1 percent and contracts for the Dow Jones and Nasdaq 100 down 0.9 percent.
US Presidential Election 2012: It Could Be All About Jobs
The GOP touts itself as the party of job creation. But the party of which president - Democratic or Republican - creates more jobs per year, on average?
May US Consumer Sentiment Rises To More Than 4-Year High
U.S. consumer sentiment rose to its highest in more than four years in early May as Americans remained upbeat about the job market, a survey released on Friday showed.
US Postal Service Alters Rural Post Office Closure Plan
The U.S. Postal Service said it is abandoning for now its plan to close thousands of post offices in rural locations and will instead keep them operating with shorter opening hours.
Spain To Demand That Banks Recognize More Losses
Spain stepped up efforts to save its troubled banks on Thursday with a plan to make them recognize huge losses from a property crash, but uncertainty over the final cost of a rescue hit the euro, Spanish debt and global stock markets.
Demonstrators Targeting Bank Of America Annual Meeting
Demonstrators are expected to swarm Bank of America Corp's annual shareholder meeting on Wednesday to voice anger over a range of issues from foreclosures to corporate taxes to financing for the coal industry.
After McClendon's Trades, Chesapeake Board Gave Its Blessing: Reuters Exclusive
In its latest employment contract with CEO Aubrey McClendon, Chesapeake Energy Corp gave him permission to trade commodities for himself after he already had begun doing so.
