Stocks tumbled more than 4 percent on Thursday after data pointed to a stalled economy and as bank shares sank on a report regulators were scrutinizing the U.S. units of big European lenders.
Stocks tumbled in New York after the opening bell this morning, prompting fears that America is heading into another deep economic recession.
Stocks tumbled in New York after the opening bell this morning, prompting fears that America is heading into another deep economic recession.
Traders on the U.S. futures market bid up the price of gold to a record high early Thursday on continued concern about the slowing economies of both Europe and the United States.
Stock index futures pointed to a sharply lower open on Wall Street on Thursday, with futures for the S&P 500 down 2 percent, Dow Jones futures down 1.5 percent and Nasdaq 100 futures down 2.2 percent at 5:17 a.m. EDT.
European equities followed Asian stocks lower Thursday as investors fretting about the global growth outlook cut exposure to riskier assets, while the Swiss franc fell on talk the central bank was intervening in the forwards market.
The global economy is "dangerously close to a recession," Morgan Stanley said, slashing its growth forecast for 2011 and 2012.
European equities followed Asian stocks lower on Thursday as investors fretting about the global growth outlook cut exposure to riskier assets, while the Swiss franc fell on talk the central bank was intervening in the forwards market.
Nigeria's headline inflation unexpectedly fell in July, data showed, reaching its lowest level for more than three years following an aggressive period of monetary tightening by the central bank.
Former employees of elite Wall Street firms are triumphing over their previous investment banks in Google Inc's blockbuster $12.5 billion deal to buy Motorola Mobility Holdings Inc.
Wal-Mart's big box retailing strategy has peaked as consumer shopping habits are changing.
Wal-Mart posted higher profits, but the company is dealing with a protracted slump in U.S. same-store sales, as shopping habits shift.
Half of the assets managed by the world?s largest money managers are now pension fund assets.
The top after-market NYSE gainers on Monday are: Ferro Corp, Calpine, Forest Laboratories, Saks and AOL Inc. The top after-market NYSE losers are: Exterran Holdings, Global Cash Access Holdings, Rowan Companies, Vulcan Materials and Tidewater Inc.
Gold prices eased for a third session on Monday as stock markets and cyclical assets such as industrial commodities continued to recover from a rout they suffered early last week, diverting investment away from the precious metal.
Gold prices eased for a third session on Monday as stock markets and cyclical assets such as industrial commodities continued to recover from a rout they suffered early last week, diverting investment away from the precious metal.
Lloyd C. Blankfein, chairman and chief executive officer of Goldman Sachs Group Inc., lost about $52 million of his personal wealth this month.
Apple has passed Exxon Mobil to become the world's most valuable company. Now it's time to ask what company make be next in line to make such a rise. At the moment, all indications point to Amazon.com.
The crown may be slipping fast from billionaire trader John Paulson's head.
The top after-market NYSE gainers on Wednesday are: Demand Media, Active Network, Jaguar Mining, China Ming Yang Wind Power and Jones Group. The top after-market NYSE losers are: EnerSys, Alpha Natural Resources, Navistar International, Morgan Stanley and 7 Days Group Holdings.
The crown may be slipping fast from billionaire trader John Paulson's head.
The shares of Bank of America Corp (BAC.N), Citigroup Inc (C.N), Goldman Sachs Group Inc (GS.N) and Morgan Stanley (MS.N) skidded on Wednesday, renewing evidence that when the market sneezes financial stocks get pneumonia.
