The market is surging on European hopes of the beginning of the end to the financial crisis, despite credit rating bantering out of credit ratings agencies. Now we just have ... Read Full Story »
Rio Tinto plc (NYSE: RIO) stands to complete its offer a junior uranium miner with the withdrawal of Cameco Corp. (NYSE: CCJ) from the bidding for Hathor Exploration Ltd. (OTC: ... Read Full Story »
The mid-November NASDAQ short interest may have been lost in the Thanksgiving and Black Friday shuffle, but there were some very interesting and in some cases startling short interest factoids ... Read Full Story »
Crude oil is at $99.55, up 2.90% Gold is at $1,723, up 2.03%. Hong Kong’s Hang Seng closed up 1.97% to 18,038. Japan’s Nikkei closed higher by 1.51% to 8,283. The U.S. 10-year is at 2.08%, up ... Read Full Story »
The International Air Transport Association (IATA) reports that air freight volume fell by 4.7% in October, compared with the same month a year ago. Passenger traffic increased by 3.6% ... Read Full Story »
These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this morning. Agnico-Eagle Mines Ltd. (NYSE: AEM) Cut to Hold at Canaccord Genuity. Avalon ... Read Full Story »
Updated throughout the day. AT&T (NYSE: T) will sell more assets to get government approval of the buyout of T-Mobile (WSJ) Microsoft (NASDAQ: MSFT) may participate in a bid for ... Read Full Story »
How well run are America’s 50 states? The answer depends a lot on where you live. For the second year, 24/7 Wall St. has reviewed data on financial health, standard ... Read Full Story »
Moody’s and other credit rating companies are sometimes accused of announcing changes in their opinions after the fact. Its new warning on European sovereign debt comes right on time. The ... Read Full Story »
The Thanksgiving/Black Friday weekend yielded much better retail figures that expected. This signals that retail sales could return to the robust level of the mid-2000s, before the recession began. That, ... Read Full Story »
The holiday shopping period has begun with a level of success that few experts expected. U.S. consumers apparently have ignored the threat of a financial catastrophe in Europe, ongoing unemployment, a ... Read Full Story »
Moody’s says the EU debt crisis threatens the sovereign ratings of all nations in the region. (Reuters) Three large BSkyB shareholders will vote against James Murdoch staying on as chairman. ... Read Full Story »
It takes little bad news to ruin a new product’s launch, particularly if the product is revolutionary enough to be strange to the public. According to the National Highway Traffic ... Read Full Story »
Deutsche Telekom will receive a $4 billion break-up fee if AT&T (NYSE: T) cannot engineer a buyout of the Germany company’s T-Mobile unit. That would create a large war chest. ... Read Full Story »
The OECD has warned in its latest Economic Outlook that both the euro area and U.S. could quickly move into recession. The organization says that only a sharp change in ... Read Full Story »