NO OPTION AVAILABLE IN THIS ASSET CLASS.
PLEASE COME BACK TO US DURING OUR TRADING HOURS
TO LEARN MORE ABOUT OUR TRADING
Google, IBM cast shadow
European stocks dipped on Thursday as disappointing earnings from U.S. tech heavyweights Google and IBM dampened the previous session's upbeat tone on Wall Street, and the dollar weakened on dovish remarks from the Federal Reserve. Google Inc fell as much as 6 percent after first-quarter revenue fell short of Wall Street targets and margins narrowed as its ads prices decline persisted. Shares in IBM Corp fell as much as 4 percent after the world's largest technology services company reported its lowest quarterly revenue for five years as it struggles with falling demand for storage and server products. European stocks fell 0.14 percent, with upcoming Easter holidays, profit warnings from French spirits maker Remy Cointreau and German business software maker SAP and tensions over Ukraine also weighing.
Weak U.S. prices, not inflation, the threat now: Fed's...
Persistently low inflation poses a more immediate threat to the U.S. economy than rising prices, Federal Reserve Chair Janet Yellen said on Wednesday, stressing that the U.S. central bank would be delivering policy stimulus for some time to come. In her second public speech since taking the Fed's helm, Yellen was careful not to predict when interest rates would rise from near zero. Instead, she stressed the decision would hinge on healing in the labor market and on how briskly inflation rises toward the Fed's 2 percent goal. Yellen's relatively staid remarks to the Economic Club of New York intensified somewhat when Martin Feldstein, a Harvard University professor and former adviser to President Ronald Reagan, asked her whether she would let inflation creep above 2 percent to give the economy a bit more support.
A star abroad, India central bank boss riles bond traders...
Since taking the helm of India's central bank, Raghuram Rajan's agenda to reform markets has put the noses of Mumbai bond traders firmly out of joint by upending practices that provided them with a relatively secure rate of return. Benchmark 10-year bond yields have risen more than half a percentage point since Rajan took office on September 4, as the Reserve Bank of India (RBI) has sharply restricted bond purchases and announced an unexpected shift in the focus of monetary policy to consumer inflation from wholesale prices. While the dealing community in India's financial capital concedes that Rajan's reforms are necessary for the longer term, many traders complain that he has gone too far too quickly, and without consulting the markets. Their gripes stand in contrast with the high-profile central bank chief's glowing global reputation as a capable technocrat who has been instrumental in guiding the rupee through its worst turmoil since India's balance of payments crisis in 1991.
China's GDP slows: Time to panic?
China’s economy grew by 7.4% in the first quarter of 2014, the slowest rate since September 2012. Economists were forecasting slightly slower growth at 7.3%. The Chinese government has targeted GDP at 7.5% for the year.
Housing forecast: A not so sunny spring
The Daily Ticker's Aaron Task and Lauren Lyster discuss the state of the housing market as the spring buying season starts.
Google earnings miss Street expectations, shares slide...
Google Inc's Internet business revenue grew 19 percent in the first quarter, as its expanding volume of online ads offset declining prices. The number of "paid clicks" by consumers on Google's ads increased by 26 percent year-on-year in the first quarter, while the average "cost per click" generated from the ads declined 9 percent.
Stocks retain strong gains as Fed's Beige Book confirms...
US stocks rose Wednesday after better-than-expected earnings from Yahoo bolstered gains in the technology sector.
Corporate America beware: Activists are a growing force
Stategas's Jason Trennert breaks down the rise of activist investors, and what their effect means for your portfolio
Yellen: Fed stimulus still needed for job market
NEW YORK (AP) — Federal Reserve Chair Janet Yellen said Wednesday that the U.S. job market still needs help from the Fed and that the central bank must remain intent on adjusting its policy to respond to unforeseen challenges.
The length of time the Federal Reserve keeps its key interest rate near zero will depend on how far the U.S. economy remains from the central bank's employment and inflation goals, and how long it will likely take to meet them, Fed Chair Janet Yellen said on Wednesday.
The rally has begun -- here's how to play it
With less than two hours to go in the trading session on Tuesday it looked like we might be watching the death throes of the five-year old bull market. Just when all seemed lost, the market staged one of the snapback reversals that have been the defining characteristic of 2014 thus far.
Tight job market in U.S. cities prompts higher pay
To hire 10 to 15 project coordinators this year, Sabre Commercial Inc. has boosted pay 10 percent and added a 401(k) retirement plan. "It is an employee's market," said John Cyrier, co-founder ...
US economy emerges from winter freeze: Fed's Beige Book
The US economy is showing clear signs of emerging from the brutal winter, with consumer spending picking up broadly, the Federal Reserve's Beige Book survey said Wednesday.
On Walmart: Don't hate the player, hate the game
Americans for Tax Fairness claim Walmart and the Walton family received $7.8 billion in government subsidies and tax breaks in 2013. But some who support the report's overall focus take issue with the specific findings.
The problem with Tesla? No one knows how to value it
Its cars inspire envy in auto enthusiasts all over the world. But recently, Tesla Motors’ stock performance has elicited a different emotion: despair. Is America's favorite momentum stock about to break?
Manic Markets: 3 things to watch
Hope springs eternal as stocks came roaring back from steep mid-day losses yesterday. Is the worst behind us? Maybe. Your job is to manage your emotions and look for opportunities.
BofA reports first quarterly loss since 2011 on lofty...
The bank had previously said that a settlement would cut into its earnings by $3.7 billion before taxes. The extra litigation expenses came from setting aside money to cover future legal settlements tied to previously disclosed mortgage-related matters, Chief Financial Officer Bruce Thompson told reporters. Still, the bank's setting aside more money does not mean a settlement is imminent, Thompson told analysts on a separate conference call. The bank's shares fell 2.1 percent to $16.04 on the New York Stock Exchange shortly after midday.
GM to seek court protection against ignition lawsuits
GM has said it is protected from liability for claims related to incidents that occurred before it exited bankruptcy in 2009, and has taken steps to raise those issues with the court by filing motions to stay recall-related lawsuits while it asks that bankruptcy court to clarify the extent of that protection. In a filing with the U.S. District Court for the Southern District of Texas on Tuesday, GM asked for a stay on litigation related to ignition claims until a judicial panel on multidistrict litigation decides on a motion to consolidate the case with other lawsuits and the bankruptcy court rules on whether the claims violate GM's 2009 bankruptcy sale order. The company earlier filed a similar motion with the U.S. District Court for the Northern District of California seeking a stay on pending litigation. The defect has been linked to the deaths of at least 13 people and the recall of 2.6 million GM vehicles.
Obama, Biden to announce $600M for job grants
Striving to show action on jobs, President Barack Obama and Vice President Joe Biden are trumpeting $600 million in new competitive grants to spur creation of targeted training and apprenticeship programs ...
The future of Facebook may not say ‘Facebook’
The company’s strategy includes unbundling its mammoth social network into discrete and nimble components.
Alibaba's growth accelerates, U.S. IPO filing expected...
Alibaba Group Holding Ltd's revenue growth accelerated in the last quarter of 2013, a timely lift for the Chinese Internet company as it prepares to file a prospectus next week for its highly anticipated initial public offering. Alibaba is expected to file prospectus for the share sale as early as Monday, sources said, as it prepares for the largest U.S. IPO since Facebook Inc's 2012 coming-out party. Alibaba had no comment on the prospectus filing, a spokeswoman said. The numbers - the latest available for Alibaba - were released on Tuesday alongside first-quarter 2014 earnings for 24 percent shareholder Yahoo Inc.
Euro zone inflation sticks in 'danger zone', keeps ECB...
A drop in March euro zone inflation to its lowest level since November 2009 was confirmed on Wednesday, keeping pressure on the European Central Bank to intervene if prices do not rebound. The year-on-year inflation rate in the 18 countries sharing the euro was 0.5 percent in March, down from 0.7 percent in February, the European Union's statistics office Eurostat said. It was the sixth straight month that inflation remained in what ECB President Mario Draghi called a "danger zone" of below 1 percent. Core inflation, excluding energy, food, alcohol and tobacco dropped to 0.7 from 1.0 percent.
Weibo Is Just a Half-Twitter as IPO Looms in New York
Weibo Corp.'s done half the job that Twitter Inc. has in turning its microblogging users into earnings. Weibo, owned by Sina Corp. (SINA) and Alibaba Group Holding Ltd., plans to offer 20 million American depositary shares for $17 to $19 apiece, according to an April 4 regulatory filing. The deal is scheduled to be priced in New York today, according to data compiled by Bloomberg. The Beijing-based microblogging unit is marketing its IPO at a valuation as low as 18 times last year's sales, compared with a stock price equal to about 39 times for Twitter.
Macke: Treasury’s GM stock sale would land a hedgie in...
Jeff Macke talks to Rick Newman about the supsicious timing of the Treasury's GM stock sale.
Housing market slow to hit its spring stride
Reports from local real-estate agent groups in some of the markets that were the first to rebound, including Las Vegas, Phoenix and San Diego, show year-over-year declines in March home sales.
Despite the selloff, gold is flashing a secret buy sign
Tuesday’s steep selloff breaks gold's five-day winning streak. According to some, the rout is providing a good buying opportunity, as the charts are doing something they haven't done in a while.