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U.S. stocks were poised to drop sharply Wednesday, with investors reacting to a tumble in stocks overseas and preparing for disappointment ahead of more economic and earnings reports.
Discount retailer Target Corp. said Tuesday that third-quarter earnings dipped 4 percent, missing Wall Street forecasts, because of weak sales in high-margin categories such as clothing and home furnishings.
Asian markets tumbled Wednesday and shares fell across Europe as crude oil flirted with $100 per barrel and the U.S. Federal Reserve pointed to slowing growth next year.
BJ's Wholesale Club Inc.'s third-quarter profit rose 24 percent, slightly beating Wall Street expectations, as results were boosted for the second straight quarter by strong sales of perishable foods.
Hewlett-Packard Co., which took the title of world's biggest PC seller a year ago from slumping rival Dell Inc., is warning investors that it does not expect its PC business to continue expanding as quickly as it has been.
U.S. stocks were poised to rebound Tuesday from steep losses a day earlier as investors, relieved about strong results from Hewlett-Packard Co., awaited minutes from the Federal Reserve's last meeting and data on housing starts.
Stock investors smarting from months of volatility are hoping this holiday-shortened week provides signs of a badly needed year-end rally.
Wall Street ended a volatile week with a late-day comeback Friday after investors set aside some concerns about the banking sector and the health of the overall economy.
Wall Street skidded lower Thursday as investors grappled with concerns about the strength of consumer spending and the overall economy after downbeat comments from J.C. Penney Co. and Wells Fargo & Co.
Merrill Lynch & Co. hired someone outside the company to become its leader for the first time since it was founded 93 years ago — and he comes from a rival whose alumni have done quite well for themselves.
Federal Reserve Chairman Ben Bernanke moved Wednesday to break down even further the aura of secrecy that historically has enshrouded the institution that sets interest rates, taking steps to keep Main Street and Wall Street more closely wired to decisions that can make or break lives and businesses.
Wall Street closed an uneasy session lower Wednesday as investors, uncertain if the worst of the credit crisis is over, refrained from extending Tuesday's huge advance.
Soybean prices surged Wednesday as crude oil and gasoline prices climbed, making fuels such as soybean oil-based biodiesel more attractive as an alternative.
Wall Street headed for a lower open Wednesday as investors awaited the government's wholesale inflation report and evaluated HSBC Holdings PLC's announcement of credit-related writedowns.
Wal-Mart Stores Inc. posted third-quarter profits Tuesday of $2.86 billion and upped its projected earnings for the year as it heads into the holiday shopping season.
Blackstone Group LP President and Chief Operating Officer Hamilton James said Monday the slumping private-equity market might not fully rebound until major Wall Street banks get a better handle on the credit crisis.
Wall Street looked to rebound on Tuesday after Wal-Mart Stores Inc. posted better-than-expected earnings and hinted that consumer spending might be stronger than expected going into the holiday shopping season.
Asian markets fell sharply Monday after Wall Street declined at the end of last week on renewed concerns about U.S. mortgage problems. European markets, however, were mixed in early morning trade.
Wall Street looked to rebound on Tuesday after Wal-Mart Stores Inc. posted better-than-expected earnings and hinted that consumer spending might be stronger than expected going into the holiday shopping season. Dow futures rose 92.00, or 0.70 percent, to 13,082.00, while Standard & Poor's 500 futures added 11.80, or 0.82 percent, to 1,452.10. Nasdaq 100 index futures rose 9.75, or 0.49 percent, to 1,999.25.
The stock market this week is hoping for signs that the economy is surviving the problems in the financial sector — and that the Federal Reserve will come to the rescue if it's not.
Wall Street finished a turbulent week with another huge drop Friday after major banks warned of further losses on their debt portfolios, raising investor concerns that the credit market slump shows no sign of abating. The Dow Jones industrial average fell more than 220 points.
The dollar sank to a new low against the euro on Friday but recovered some ground against the British pound even as Wall Street ended a turbulent week down sharply.
Chipmaker Qualcomm Inc. reported Thursday that its fiscal fourth-quarter earnings nearly doubled, but heightened competition and legal troubles hurt profit forecasts — and that sent its shares tumbling.
Wall Street closed another difficult session lower but well off its lows Thursday after a late-day rebound in financial shares lifted many other stock sectors. Investors still kept their distance from technology shares after a lackluster forecast from Cisco Systems Inc.
Workers in the US can only secure their jobs if workers in China "liberated" themselves from the low-wages and slave-like conditions they faced and workers combined to fight for better wages internationally.
Now that a tax-cutting Republican is in the White House, however, big media types are working to bury the news of America's strong economy.
This is perhaps the most dangerous time in world business since 1929. We have a strong real economy but one that is built upon he foundations of a financial system that seems to be of a veneer of mahogany on a base of pinewood.
New accounting rules are just around the corner and may well deliver a brutal blow to Wall Street: level 3 assets can fairly be looked at as the new junk bonds, something that will worry many senior banking executives.
Whilst one can half expect other names on Wall Street to have somewhat less than stellar records when it comes to integrity, alleging that Goldman Sachs has acted with less than total uprightness is akin to calling Santa Claus a baby basher.
The action came one day after Fed Chairman Ben Bernanke and all but one of his central bank colleagues voted to slice a key interest rate.
A day that dawned bleakly on Wall Street turned even darker late yesterday as an afternoon sell-off sent the Dow Jones industrial average down more than 360 points, or 2.6 percent.
The announcement, just five days after Chrysler workers narrowly approved a new four-year labor agreement, exposes the lies of the United Auto Workers union, which rammed through the contract by claiming it had won "unprecedented" job protections.
As I write this, the markets are in turmoil. Stocks have fallen considerably since their recent highs. There's growing gloom on Wall Street, and the newspapers are filled with scare stories. The upshot: Now is the time to buy.
Today is the 78th anniversary of Black Tuesday - October 29, 1929 - the one that, followed shortly after Black Thursday (October 25, 1929) and led us to the Great Depression .
How's a lowly day trader to survive in the new, high-stakes Wall Street? Cheat. Then flip.
Here's another Ivy League-Wall Street success story. Make some fireworks with strategic risk taking, watch as the company writes-off billions in losses when the smoke clears, and try to forge a merger that pays you $250M before you go.
I was reading through various blogs today when I stumbled upon Paul Krugman's summary of the Report and Recommendations by the Majority Staff of the Joint Economic Committee (the "Report") by Senator Charles Schumer, Chairman, and Rep Carolyn B. Maloney, Vice Chair.
The voting at UAW Local 1700 came amidst an aggressive campaign by the UAW—backed by the Detroit news media—to push the contract through at locals that had not yet voted.
There are fears of sharp falls on European stock markets on Monday after Friday's hefty falls on Wall Street. The Dow Jones, the main US share index, fell 367 points on Friday, which was the 20th anniversary of the Black Monday stock market crash.
There are several things to be looking at when markets are getting ready to crash. Economic indicators and equity markets are the obvious choices, but there are several standard guideposts that can be used to spot the fear that grows before a sell-off occurs.
Darth Vader never said, "Luke, I am your father." Dirty Harry never asked, "Do you feel lucky, punk?" And Michael Douglas never exclaimed, "Greed is good!" The list of Top 14 Misquoted Movie Lines of all time.
Auto workers should emphatically reject the total surrender by the UAW and fight for an indefinite national strike against Chrysler and its Wall Street owners, Cerberus Capital Management.
Google Inc. delivered against tall Wall Street expectations Thursday, posting third-quarter profit and sales that rose sharply from the same period last year.
The three biggest US banks on October 15 announced a plan, brokered by Treasury Secretary Henry Paulson, to amass $80 billion to $100 billion in capital to prevent the collapse of highly speculative investment funds, which could in turn trigger a meltdown on financial and stock m …
Wall Street has a problem, and that means you have a problem. Its problem is that it can't put a dollar value on its assets. That means they can't put a dollar value on your 401k, IRA, and life savings.
Despite record highs on Wall Street this week, investors and economists are not worry free. Many point to similarities between today's market and the conditions preceding the Stock Market crash of '29.
The triggers for 1987's Black Monday – when Wall Street fell 22.6pc in a single day – are back, writes Ambrose Evans-Pritchard
Fresh from snapping up the Wall Street Journal, Rupert Murdoch sees FBN as the first step in his strategy to dominate global financial journalism. - Fortune It seems that FBN's strategy of making a point of avoiding technical terms and Wall Street argot could backfire.
Because the US economy is presently in a somewhat venerable position, it's essential that the dollar keep depreciating.
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