Shares of BlackBerry developer Research in Motion soared 10 percent after an analyst at Goldman Sachs (NYSE: GS) boosted her outlook.
The Bombay Stock Exchange’s benchmark Sensex Thursday ended at its highest level since April 2011 after Goldman Sachs upgraded the Indian equities to an “overweight” rating and the government agreed to allow voting in the Parliament on its decision to allow Foreign Direct Investment in multi-brand retail.
India’s current account deficit is likely to narrow to 3.5 percent from the current 4.5 percent by the end of the fiscal year, Prime Minister's Economic Advisor Council Chairman Dr C Rangarajan has said.
Spotify has raised an additional $100 million in its latest round of fundraising including $25 million from high-profile investors like Coca Cola and Fidelity, the New York Times reports.
Spotify is reportedly close to closing a $100M round of financing that would value that company at just over $3B, a $1B drop from its rumored valuation just six months ago.
The Australian judiciary delivered a crushing defeat to credit-rating agency Standard & Poor's this week that may have global repercussions
Sheryl Sandberg, COO and director of Facebook (Nasdaq: FB), joined the parade of insiders who have cashed in on the company's public status.
Flip-flopping more than any presidential candidate on the campaign trail, the New York Stock Exchange actually will be closed Monday.
Rajat Gupta, a former Goldman Sachs director, will do hard time for insider trading.
Asian stock markets advanced Wednesday as better-than-expected quarterly earnings from U.S. blue chips and hopes of an imminent Spanish request for financial aid added to the positive sentiment.
Market participants are likely to focus on the economic reports in a data-heavy week. Reports on retail sales, Empire manufacturing, Philly Fed, housing starts and inflation from the U.S. are due to be released next week.
Ahead of his sentencing later this month, former director of Goldman Sachs Rajat Gupta has got support from prominent personalities like former U.N. Secretary-General Kofi Annan and Microsoft co-founder Bill Gates who advocated a lenient sentence for insider trading, the Wall Street Journal has reported.
The Federal Reserve Bank of New York released a report suggesting vulnerability among the largest "too big to fail" U.S. banks.
What do vampire squids, sun scorpions, and basking sharks have in common? They're all relatively harmless, despite their fearsome looks.
On Sunday night, just a day before the one year anniversary of the Occupy Wall Street movement, protesters returned to Zuccotti Park, formerly the central camp ground of the protest, to kick off celebrations. The festivities also coincided with another event; Rosh Hashana, the Jewish New Year.
Shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, rose 1 percent in Thursday trading after several analysts at firms including Goldman Sachs (NYSEL GS) boosted their price targets for the Cupertino, Calif.-based company, citing potential sales of the iPhone 5.
Less than 24 hours after the U.S. government reported it was mostly done with its money-losing bailout of AIG, a Bloomberg News article out Tuesday explained how Wall Street banks are setting themselves up for the next systemic crisis by playing at financial alchemy in the derivatives market.
Markets have been talking about QE3 for two years. Now, after a sovereign credit downgrade, the near collapse of the European financial system, and facing an anemic recovery that has only marginally helped heal the carnage in the labor and housing markets, the vast majority of financial pundits believe QE3 this week is "pretty much a given."
Investors fed up with years of poor returns are deserting BRIC equity funds, pushing share valuations to record cheap levels and questioning the future of the high-profile investment theme.
Because of the U.S. Treasury Department's announcement Sunday that it has launched an offering of $18 billion worth of its American International Group Inc. (NYSE: AIG) common stock, the government will soon go from being the company's majority shareholder to being one of its minority shareholders.
It's been three years since the Great Recession technically ended, and still, unemployed Americans are struggling to find work.
Gold futures blew past the $1700-per-ounce mark early Thursday morning ahead of a widely-anticipated appearance by European Central Bank president Mario Draghi where the central bank head was expected to announce further monetary accommodation in the eurozone.