The dollar slipped against the euro on Tuesday amid anticipation that European officials will help Greece lower its mounting debt.
U.S. stocks were set to open higher Tuesday, as investors eyed buying opportunities after the previous session's selloff, although worries about debt problems in Greece remained in focus.
The Dow closed below 10,000 Monday for the first time in three months, with financial shares leading the way, as worries about the U.S. economy and European debt weighed on investor sentiment.
The dollar weakened against the euro Monday, but held firm against other major currencies, as concerns about Greece's fiscal health eased slightly.
Stocks erased big losses by the close Friday, with technology shares leading the advance, following a three-session rout that had taken the market to its lowest point since last fall.
When the Senate grudgingly reconfirmed Ben Bernanke as Fed chairman two days before his term expired, he was only a stand-in for the man 30 senators were really mad at. "I knew that he would continue the legacy of Alan Greenspan, and I was right," said an angry Jim Bunning, a conservative Republican from Kentucky who voted no. Fumed Bernie Sanders of Vermont, the Senate's only (admitted) socialist: "He said it publicly -- I want to follow in the footsteps of Alan Greenspan. Alan Greenspan's philosophy is a disaster." Jeff Merkley (D-Ore.) said Bernanke "helped set the fire that destroyed our economy." Only helped, that is -- and we all know whom he helped.
Investors are starting to get nervous again. And who could blame them?
The dollar rose against most major currencies Thursday, but remained weak against the yen, as concerns about the global economic recovery -- particularly in some European nations -- boosted demand for safe investments.
The dollar firmed against major rivals Wednesday on stronger U.S. economic data and renewed credit concerns in the euro zone.
The dollar fell Tuesday as investors gravitated toward more risky currencies, but declines were limited ahead of key economic reports due out later in the week.
The dollar slipped against the euro on Tuesday amid anticipation that European officials will help Greece lower its mounting debt.
U.S. stocks were set to open higher Tuesday, as investors eyed buying opportunities after the previous session's selloff, although worries about debt problems in Greece remained in focus.
The Dow closed below 10,000 Monday for the first time in three months, with financial shares leading the way, as worries about the U.S. economy and European debt weighed on investor sentiment.
The dollar weakened against the euro Monday, but held firm against other major currencies, as concerns about Greece's fiscal health eased slightly.
Stocks erased big losses by the close Friday, with technology shares leading the advance, following a three-session rout that had taken the market to its lowest point since last fall.
When the Senate grudgingly reconfirmed Ben Bernanke as Fed chairman two days before his term expired, he was only a stand-in for the man 30 senators were really mad at. "I knew that he would continue the legacy of Alan Greenspan, and I was right," said an angry Jim Bunning, a conservative Republican from Kentucky who voted no. Fumed Bernie Sanders of Vermont, the Senate's only (admitted) socialist: "He said it publicly -- I want to follow in the footsteps of Alan Greenspan. Alan Greenspan's philosophy is a disaster." Jeff Merkley (D-Ore.) said Bernanke "helped set the fire that destroyed our economy." Only helped, that is -- and we all know whom he helped.
Investors are starting to get nervous again. And who could blame them?
The dollar rose against most major currencies Thursday, but remained weak against the yen, as concerns about the global economic recovery -- particularly in some European nations -- boosted demand for safe investments.
The dollar firmed against major rivals Wednesday on stronger U.S. economic data and renewed credit concerns in the euro zone.
The dollar fell Tuesday as investors gravitated toward more risky currencies, but declines were limited ahead of key economic reports due out later in the week.
No matter what dollar doomsayers might say, the greenback's not done yet.
The dollar rose against most currencies Monday after upbeat reports, including data on U.S. manufacturing, added to recovery hopes.
The dollar rose against its main trading partners Friday as investors welcomed a stronger-than-expected reading on U.S. economic growth.
Does anyone really believe a little populist outcry will make Goldman Sachs crawl under a rock?
The dollar was mixed Thursday as traders mulled President Obama's pledge to create jobs and ongoing concerns about global economic growth.
What if, at once, we could create millions of new jobs, greatly reduce the federal deficit and dampen the financial speculation that almost destroyed our economy?
The dollar extended its gains against the euro and rose against the yen Wednesday, after the Federal Reserve announced plans to hold interest rates steady as it said economic conditions continued to pick up.
The dollar rose against other major currencies Tuesday, except the yen, as global economic jitters boosted demand for safe-haven currencies even as U.S. stocks rebounded.
If insanity is doing the same thing and expecting a different result, the post-crisis pay plans in the finance industry qualify for commitment. The Wall Street financial firms claim to have made some changes, but all the ones we have seen so far are cosmetic, required by statute, weakened by loopholes, or circumvented.
It was the sort of boom-era project that a developer had to love: 385 scenic acres in the Bahamas that would be transformed into a casino, hotels, luxury residences, a marina, and a golf course designed by Greg Norman.
The dollar eased against its main trading partners Monday, as stocks recovered and an auction of Greek bonds received strong demand.
General Motors' chairman and acting CEO Ed Whitacre will become permanent CEO, the automaker said in a press conference Monday. Whitacre also announced that GM would pay back all of its government loans, in full, by June.
It was the sort of boom-era project that a developer had to love: 385 scenic acres in the Bahamas that would be transformed into a casino, hotels, luxury residences, a marina, and a golf course designed by Greg Norman.
"These are vulgar, obscene people who, in many cases, I really do believe, have serious emotional problems. In this country we have people who have drug problems, people who have alcohol problems."
It took long enough, but with his proposal to break up the banks, President Obama has finally presented a way to reform Wall Street that matches the scale of the problem.
The dollar fell against the Japanese yen Friday, but continued to strengthen versus the euro, as investors shied away from risk amid ongoing concerns about the global economy.
U.S. stocks were headed for another decline Friday, as investors remain jittery about President Obama's new bank plan and issues involving China.
Stocks tumbled Thursday after the Obama administration announced a proposal to increase regulation of the nation's biggest financial firms, including limiting the size and scope of their trading operations.
The dollar rose Wednesday as investors sought a safe haven amid continuing concerns abroad, including rumors that Chinese officials have halted bank lending.
The dollar surged to a 4-month high against the euro Wednesday amid ongoing concerns about the Greek economy and speculation that Chinese monetary officials could move to tighten credit conditions.
It's bonus time: Wall Street's days of wine and roses, when employees find out how rich they're going to be. But this year's bonus season has morphed into days of whines and poses.
The dollar rose against the euro Tuesday amid ongoing concerns about Greece and other troubled European economies.
Making money in bonds used to be so simple: All you had to do was put your dough into U.S. Treasuries and watch it rise. Had you held your entire portfolio in U.S. government issues -- which have a minuscule chance of default because they're backed by the full faith and credit of Uncle Sam -- you'd have earned an annualized return of 8.5% over the past two decades. That's about half a percentage point a year ahead of the stock market and three points above their historical average.
European markets rose Monday as investors looked past concerns about the Greek economy to focus on speculation that Kraft Foods will raise its offer to buy Cadbury.
The dollar fell against the U.K. pound Monday but held steady against other currencies in a quiet trading session.
The dollar rose against high-yielding currencies Friday as investors digested weaker-than-expected economic reports and looked for safer investments.
Ben Bernanke and the rest of the Federal Reserve may think that low interest rates can continue to be just what the economy needs to get back on track.
A year after leading Wall Street firms teetered on the edge of collapse, they're expected to pay out robust bonuses to employees. But analyst Fareed Zakaria says he thinks there's a better use for a lot of that money: Sock it away in reserve funds as insurance for the next time the investment banks get into trouble.
Wall Street bankers are putting together their wish lists for 2010 -- and they're not holding back. After last year's dry spell, bonuses for top-level executives are expected to be sky high. Maybe even records.
"I hate to use this phrase, but we really are the Wal-Mart of financial services," says Charles Schwab. His hesitation is understandable -- when you are trying to persuade investors that your firm is the place to entrust $100,000 or $1 million of their savings, you don't want them associating you with cheap sweatshirts and dog food.
The dollar was mixed against major currencies late Wednesday on speculation that the Bank of England will raise interest rates and after the Federal Reserve said economic activity is weak but improving.
The dollar firmed Tuesday as investors shied away from more risky assets amid concerns about tighter monetary policy in China and disappointing corporate results.
Question: I'm 45 and leaving my current job to go back to school. I plan on rolling my 401(k) into an IRA. An adviser has suggested I use a managed fund program to invest my IRA money at a cost of 1.5% a year. But I wonder whether I would be better off just investing my IRA in no-load mutual funds that I choose. What questions should I be asking myself and what should I be asking the adviser to make this decision? -- Suzie Q., Charlotte, N.C.
The stars may very well align for the IPO market in 2010. Literally.
The dollar fell to a three-week low Monday as investors focused on strong economic data from China and bet that U.S. interest rates will remain low for some time.
The dollar dipped versus major currencies Friday after the government reported a sharp decline in December jobs.
The dollar gained versus major currencies and briefly surged to a four-month high against the yen Thursday after Japan's finance minister said he wants to see a weaker yen.
The dollar was mixed against rivals Wednesday after a report showed job losses easing and the service sector growing in December.
The dollar was little changed versus major currencies on Tuesday after reports showed that pending home sales fell in November and U.S. factory orders rose.
Happy New Year indeed! The financial markets got off to a hot start on the first day of trading Monday. Name an asset and it likely went up.
The dollar fell against the euro and the yen on Monday after a report showed that manufacturing jumped in December, increasing the appeal of higher risk investments.
For the Money 70, 2009 was a year of vindication. After the vast majority of the funds on our recommended list suffered steep losses in 2008's credit crisis, almost all rebounded strongly last year -- with many posting double-digit gains. But short-term returns aren't the point. It's far more important for you to focus on long-term results.
The dollar softened against rival currencies Thursday at the end of a mostly quiet, holiday-shortened week.
The dollar strengthened against other currencies Wednesday after a report on manufacturing in the Chicago-area showed that conditions improved in December.
A new proposal to curb global warming could jump start stalled Senate greenhouse gas discussions and put an average of $1,100 a year back into the pockets of American consumers.
The dollar edged up against major currencies after a report Tuesday showed consumer confidence rose in December.
The dollar was little changed against major currencies Monday at the beginning of what is expected to be a quiet week.
France and Britain have recently enacted new taxes on bankers' bonuses, taxes that will be paid in addition to the standard income taxes that the bankers pay in those countries.
The dollar has fallen for much of this decade, and lately the decline is picking up speed. Already down more than 15% against the euro since March, the buck is expected to sink another 10% by the first quarter. Usually, when a once-strong asset falls this far out of favor, the correct long-term strategy is clear: Be a contrarian and buy.
After months of relative silence, sovereign wealth funds, the huge, state-owned vehicles that export-rich countries use to invest their reserves, are on the prowl again.
The dollar rose against major currencies on Tuesday after an unexpected surge in existing home sales.
As you try to figure out how to put your money to work in a market that veers from depression to mania, you're confronted with two opposing facts that lead to opposing investing strategies.
The dollar edged up against major currencies on Monday, following stocks higher after the health care bill passed a key vote in the Senate.
The dollar ended Friday flat against the euro after rallying to a three-month high on Thursday.
Stocks were poised for early gains Friday after struggling amid weakened investors sentiment and a stronger U.S. dollar.
The dollar rose against major currencies Thursday as investors concerned about the stability of world markets sought a safe haven. Global stocks fell on Thursday after the Federal Reserve said Wednesday that it plans to hold interest rates steady.
Gold prices plunged Thursday as the dollar surged against the euro amid concerns about the economic health of certain European nations.
The flight-to-safety crowd could be in for a bumpy landing.
The dollar rose against the euro Wednesday, recovering from earlier losses, after the Federal Reserve announced plans to hold interest rates steady and said economic conditions continued to pick up.
Wells Fargo said it raised more than $12 billion in a stock sale Tuesday as part of a plan to repay $25 billion in government aid.
Better-than-expected reports on retail sales and consumer sentiment lifted big blue chip stocks Friday, but gains were limited by weakness in technology and the strength of the U.S. dollar.
The House passed legislation Friday aimed at preventing the next big financial crisis, ushering in the most sweeping set of changes to the banking regulatory system since the New Deal.
The U.S. dollar jumped to a two-month high against the euro Friday after surprisingly strong consumer data boosted expectations the Federal Reserve would raise interest rates sooner rather than later.
Stocks gained Wednesday, at the end of a choppy session, after the falling dollar boosted commodity stocks and a rise in wholesale inventories and an upgrade of 3M provided some optimism.
High anxiety unites most investors these days as the U.S. economy struggles, the global economic order shifts, and the emerging "new normal" feels distinctly strange. To get some calming perspective -- and specific advice -- we convened five top-ranked investing pros.
Gold prices fell for the third day in a row on Tuesday as the U.S. dollar continued to strengthen.
Question: My wife and I have two small kids and we're saving for a house that we'd like to buy within the next two years. We've got a significant pot of cash (more than $100,000) that we almost invested before the market tanked, but thankfully did not. I'm now wondering, however, whether I should invest some or all of it to grow our house fund more quickly or whether I should just keep this money liquid. What do you think? -- Dave, Boston, Mass.
Because oil prices have always been directly related to the strength of the economy, a recovery might have seen headlines like these:
The dollar gained ground against major rivals Friday as investors cut exposure to risky assets and high-yield currencies after Dubai's state-owned finance arm sought to suspend debt repayments.
You could hear John Arnold trying to choose his words carefully. Seated at a conference table inside a drab government building in Washington, D.C., in August, Arnold hardly fit the stereotype of a swaggering, 35-year-old billionaire natural-gas trader.
Prediction: Over a 10-year period commencing Jan. 1, 2008, and ending Dec. 31, 2017, the S&P 500 will outperform a portfolio of funds of hedge funds, when performance is measured on a basis net of fees, costs, and expenses.
The dollar rose for a second straight session Friday as investors cut exposure to risky assets and high-yield currencies ahead of a holiday-shortened week in the United States.
Question: I'm 26 and want to set up a diversified portfolio for retirement. I'm almost totally invested in stocks, but I know that I should put some money into bonds. I really don't understand how they work, however, and I don't feel comfortable investing in something I don't understand. For example, I think I get the basic idea of a bond, but when I see bond yields fluctuate, I get confused. Aren't they supposed to have a consistent interest rate? --John, Portchester, New York
Treasurys were mixed Friday as investors digested this week's record auctions and eyed gains in more risky markets.
Gold prices rose Friday to a record high, recovering from earlier losses, as the U.S. dollar weakened against rival currencies.
Treasurys were mixed Thursday, with the 10-year note edging lower following a $16 billion auction of 30-year bonds that was met with lackluster demand.
Gold fell Thursday, after climbing to a record high overnight, as the dollar rose against rival currencies and stock prices fell.
The dollar rose Thursday as ongoing concerns about the global economy boosted demand for the U.S. currency as a safe haven.
Gold jumped to an all-time high Wednesday as the dollar depreciated, fueling demand for the metal as a hedge against the anemic greenback.
The dollar recovered some ground against rival currencies Wednesday after falling to a 15-month low on strong economic data from China and signs that U.S. interest rates will remain low.
Oil rose modestly Wednesday, responding to a 15-month low in the dollar and robust Chinese demand growth and factory output.
If Burton Malkiel, author of the famous "A Random Walk Down Wall Street" and Princeton University economist, is right, the majority of U.S. investors aren't profiting enough from China's rapid growth.
Treasurys were mixed Tuesday after the most recent auction in this week's record $81 billion offering of U.S. debt drew strong demand.
Here's the latest twist on the timeless chicken versus the egg debate. Which came first: the stock and commodities rally or the weaker dollar?
Gold rallied to a record high Monday as the dollar weakened against rival currencies.
Oil prices rallied Monday amid bets the dollar will continue to depreciate and lingering concerns that Tropical Storm Ida could disrupt production in the Gulf of Mexico.
Treasury prices mostly fell Monday, with the 10-year note holding modest gains, as the government prepares to sell $81 billion worth of debt this week and as stock markets advanced, undermining demand for safe haven assets.
The dollar fell broadly Monday, with the euro climbing above $1.50, after a report from the International Monetary Fund suggested the U.S. currency could fall further.
I don't know about you, but I don't have a spare $101,900 stuffed under my couch cushions to buy an "A" share of Warren Buffett's Berkshire Hathaway. I probably could scrounge together $3,395 for one "B" share, but I would rather not.
Stocks rallied Thursday, with the Dow industrials topping 10,000, after the government reported a bigger-than-expected drop in jobless claims, and a number of retailers reported improved October sales.
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