Stocks tumbled Thursday, with the Dow losing 212 points, after a worse-than-expected jobs report hammered hopes that the economy is close to stabilizing.
The dollar rose against major currencies Thursday after bleak U.S. jobs data renewed concerns about the economy and enhanced the greenback's safe-haven appeal.
One year ago, on July 3, 2008, oil prices settled at a record high -- a once-unthinkable $145.29 a barrel
The dollar fell to a three-week low against the euro Wednesday, pressured by news China has asked to debate proposals for a new global reserve currency at next week's Group of Eight summit.
Treasurys drifted lower Tuesday as investors responded to a stronger than expected report on the housing market and a slower decline in regional manufacturing activity.
The dollar gained against a basket of currencies Tuesday after a report showing an unexpected drop in U.S. consumer confidence for June, prompting investors to seek shelter in the greenback.
The dollar and euro climbed against the yen Monday, as gains in oil prices and U.S. stocks along with better-than-expected sentiment in Europe rekindled hopes of a global economic recovery.
The ever-present derivatives threat for big banks eased a bit in the first quarter.
Don't look now. But the dollar is starting to weaken again against the euro, pound and yen, leading some to wonder if its days as the world's No. 1 currency are numbered.
The dollar fell against major currencies Friday after China renewed its call to create a super-sovereign reserve currency and as improving appetite for risk dented the greenback's safe-haven allure.
Stocks tumbled Thursday, with the Dow losing 212 points, after a worse-than-expected jobs report hammered hopes that the economy is close to stabilizing.
The dollar rose against major currencies Thursday after bleak U.S. jobs data renewed concerns about the economy and enhanced the greenback's safe-haven appeal.
One year ago, on July 3, 2008, oil prices settled at a record high -- a once-unthinkable $145.29 a barrel
The dollar fell to a three-week low against the euro Wednesday, pressured by news China has asked to debate proposals for a new global reserve currency at next week's Group of Eight summit.
Treasurys drifted lower Tuesday as investors responded to a stronger than expected report on the housing market and a slower decline in regional manufacturing activity.
The dollar gained against a basket of currencies Tuesday after a report showing an unexpected drop in U.S. consumer confidence for June, prompting investors to seek shelter in the greenback.
The dollar and euro climbed against the yen Monday, as gains in oil prices and U.S. stocks along with better-than-expected sentiment in Europe rekindled hopes of a global economic recovery.
The ever-present derivatives threat for big banks eased a bit in the first quarter.
Don't look now. But the dollar is starting to weaken again against the euro, pound and yen, leading some to wonder if its days as the world's No. 1 currency are numbered.
The dollar fell against major currencies Friday after China renewed its call to create a super-sovereign reserve currency and as improving appetite for risk dented the greenback's safe-haven allure.
The dollar fell against most major currencies Thursday, tracking a change in U.S. stocks, which rose as investors expressed optimism that economic deterioration was ebbing.
Known for his early warnings on Bear Stearns and Lehman Brothers, analyst Martin Weiss of Weiss Research is now sounding the alarm about state of California municipal bonds.
The dollar rose against rival currencies Wednesday as investors took shelter in the U.S. currency after the Federal Reserve said the economy would "remain weak for some time."
Since it is chillingly clear that U.S. financial institutions have for a good while been regulated no more stringently than, say, demolition derby drivers, Washington has belatedly locked the garage door and begun to debate strict new rules. The blueprint at hand is President Obama's sweeping proposal in mid-June to revamp the responsibilities of government agencies and impose new regulations on the financial establishment. Nothing about this plan will fall easily into place: Too many government agencies will dig in their heels. Too many financial companies will battle every aspect of reform that threatens their bottom lines.
Concepts like "smart grids" and "intelligent metering" are difficult for the non-expert brain to grasp. So instead, wrap your mind around a simpler set of facts. Utilities experience peak demand -- for example, on blistering hot days when air conditioners are pumping all out -- just 2% of the year.
The U.S. dollar fell broadly Tuesday as stabilizing equity markets in Europe and the United States eroded safe-haven flows into the greenback.
Stocks sank Monday, ending at three-week lows, as the World Bank's weak outlook on global growth and a selloff in commodity prices sent investors heading for the exits.
The U.S. dollar rose against the euro Monday on concerns over the euro zone's economic and fiscal outlook, while higher-yielding currencies slipped on worries about global growth prospects.
The Nasdaq surged Friday and the broader market struggled at the end of the first down week in a month for Wall Street.
Treasury prices rebounded Friday ahead of a week full of auctions, government purchase operations, and the Federal Reserve's two day meeting.
The dollar and yen fell Friday, while higher-yielding currencies such as the Australian dollar rose as more upbeat U.S. data and gains in equities boosted hopes that a global economic recovery was on track.
Hop on your favorite broom. Let out your best cackle. Cuddle up with a black cat and twitch your nose like Samantha. Quadruple witching day is almost here!
The dollar fell against the euro and higher-yielding currencies Thursday as generally positive U.S. economic data bolstered hopes the world's largest economy was on a stable path to recovery.
U.S. stocks were poised for a slightly higher open Thursday, after a government report showed a slight uptick in jobless claims.
Gas prices have risen for 50 days in a row and the pain at the pump is taking a toll on household budgets across the nation.
The U.S. dollar fell against the euro and yen Wednesday as news of an unexpectedly small rise in U.S. inflation renewed hopes that a global recovery was under way, cutting demand for dollars as a safe haven.
Can reinvigorated financial watchdogs take a bite out of surging oil prices?
The pace of hedge fund closures slowed in the first quarter while start-ups increased, Hedge Fund Research said on Tuesday, signs the industry is beginning to recover from last year's meltdown.
The dollar fell across the board Tuesday, pressured by comments from Russia suggesting a need for a global reserve currency other than the greenback.
Ask a group of oil analysts about the recent surge in crude costs and here's the consensus answer you'll get: Prices have run up too far, too fast and they aren't supported by the fundamentals.
One reason that investing is so challenging -- and so much fun -- is that owning a security that made you look like a genius one year can make you look like a dummy when the world changes the next year.
Oil sold off Monday to settle near the $70 mark as the dollar rose, stocks fell, and a slew of global events put downward pressure on prices.
The dollar gained broadly Monday as Russia expressed confidence in the greenback as the world's reserve currency, while concerns about the euro zone economy undermined the euro.
Stocks churned Friday, at the end of a mixed week on Wall Street, that nonetheless left the Dow industrials in positive territory for the year for the first time since January.
The U.S. Treasury bond market has been feeling distinctly unloved. A 10-year bond auction went badly on June 10 after Russia, Brazil and China said they were taking steps to diversify their foreign currency reserves.
The dollar rose Friday, rebounding from vicious selling earlier this week, while data showing a plunge in euro-zone industrial production highlighted economic weakness in the region and pushed the euro lower.
Gas prices are creeping towards $3 a gallon and consumers are getting squeezed. That has many analysts worried that another painful summer driving season will stifle an economic recovery.
Oil jumped near $73 a barrel on Thursday after the International Energy Agency raised its estimate for 2009 oil demand for the first time in 10 months.
The dollar fell broadly Thursday as improved U.S. unemployment and retail sales data boosted hopes of economic recovery and reduced safe-haven demand for the greenback.
Treasury yields soared - with the benchmark 10-year yield briefly touching 4% - after the government sold $19 billion of 10-year notes and Russia said it would reduce its share of U.S. debt.
The dollar rose against the euro Wednesday, erasing losses suffered after Russia's central bank said it will diversify its currency reserves by cutting U.S. Treasury purchases and buying IMF-backed bonds.
In the latest edition of his seminal textbook, "Pioneering Portfolio Management," David F. Swensen, the chief investment officer of the $22.5 billion Yale Endowment, wrote that "strangely absent" from hedge fund Fortress Investment Group's SEC registration filing in 2006 was a section on "Greed." Since Swensen's book was published in January of this year, Fortress has once again demonstrated the risks of investing with the fast-money crowd: this time through a little-noticed $200 million, secondary stock offering on May 14 that is already trading 20% below its $5 per share offering price.
Government bond prices were mixed Tuesday, with shorter-term debt holding gains after a 3-year auction showed strong demand.
The dollar ended a two-day winning streak Tuesday, falling against major currencies as investors questioned whether the economy had improved enough to justify talk of higher U.S. interest rates by year end.
Treasury prices were mixed Monday after the Federal Reserve purchased $7.5 billion of its own debt, and the market braced itself for a busy issuance week.
The dollar rallied against the euro, as a credit downgrade for Ireland pushed the euro lower, and was mixed against other major currencies.
Long-term Treasury bond yields continue to creep toward 4%, a level they haven't traded at since mid-October. And that's raising an interesting "Is the glass half-full or half-empty" type of debate.
Oil prices fell slightly Monday as lower U.S. stocks and a higher dollar pushed crude off recent highs.
The 10-year U.S. Treasury yield hit a seven-month high on Monday ahead of fresh supply this week and because of speculation the Federal Reserve may have to raise interest rates sooner than anticipated, which supported the dollar.
Oil prices closed lower Friday, after briefly rising to a 6-month high above $70 a barrel, as investors took the government's latest employment report as an indication of the improving health of the U.S. economy.
The dollar gained against the yen and euro Friday after data showed the United States shed fewer jobs than expected last month, boosting hopes of an economic recovery and raising risk tolerance.
Gold prices charged higher Thursday, with another run at $1,000 an ounce looking increasingly likely, as the dollar remains weak and concerns about inflation boost demand for the metal.
One of the few safe market havens this year has been an old standby -- good old municipal bonds. But their solid performance might just be the result of overzealous retail investors.
Oil prices extended their decline Wednesday after a weekly government inventory report said crude supplies rose unexpectedly.
The dollar fell to fresh 2009 lows against the 16-nation euro on Tuesday, but the greenback was mixed against other major currencies.
Question: I'm in my 50s and I got a late start on my 401(k) plan at work. All my contributions go into a balanced fund, but when I get my statement each quarter, it seems that I'm losing as much as I'm contributing. Should I leave my money where it is or should I switch to another fund? --Linda Mandrell, Tampa, Florida
Oil prices rose Monday after global stock markets rallied and the dollar and Treasurys fell, following General Motors Corp.'s bankruptcy filing.
Oil rose above $65 a barrel Thursday after OPEC decided to leave the group's crude production unchanged and an inventory report showed an unexpected decline in supply.
Oil flirted with $64 a barrel on Wednesday after the Saudi oil minister said the global economy can handle oil prices between $75 and $80.
It looked like a no-brainer. With a flight to quality last year pushing up U.S. Treasury bond prices and risky loans looking like losses waiting to happen, U.S. banks ploughed money into government bonds. And until about mid-May, when prices of 10-year securities topped 100 cents on the dollar, that looked like a good bet. Now, however, this safe haven isn't looking quite so secure.
Government bond prices fell Tuesday as investors weighed a heavy volume of supply headed to market this week, and a better-than-expected U.S. consumer confidence report.
Oil prices rebounded Tuesday to their highest level this year as a triple-digit rally on Wall Street pulled crude off its earlier lows.
The dollar fell to a five-month low against the euro Friday as inflationary fears heated up and the market continued to fret over a downgrade of the U.K.'s outlook.
Oil prices rose Friday as the dollar lost ground on growing woes over the creditworthiness of the U.S. and as a report showed that demand for oil is recovering in China.
Treasury prices fell Friday, extending sharp losses from the previous session and pushing longer-term yields to six-month highs, as investors fretted about pending debt sales next week.
An industry lately synonymous with losses, liquidations, and fraud is showing signs of recovery. An uptick in new hedge funds suggests that investors are warming to them again. And trends among the newly launched funds show how that high-rolling world has changed in the aftermath of the credit collapse.
You've probably noticed it at the gas pump.
Two successful venture capital-backed initial public offerings in as many days have created a buzz that the IPO market is opening up.
The U.S. dollar has taken a beating in the past few months even as stocks have soared and investors have come to expect an economic recovery sooner rather than later.
Government bond prices rose Wednesday, with gains accelerating after the Federal Reserve released its most recent - and increasingly grim - forecast for the economy as the minutes from its April meeting.
Oil rose Tuesday, although it eased from an earlier six-month high over $60 a barrel, as investors digested a tepid advance on Wall Street and waited for a supply report expected to show a dip in inventories.
Treasury prices fell Friday after better-than-expected readings on manufacturing and consumer sentiment encouraged investors to lock in profits at the end of an up week.
Stocks rallied Thursday, bouncing back after several down sessions as investors weighed some weaker-than-expected reports with growing economic optimism.
If you're a mutual fund investor, the damage from the financial crisis is easy enough to measure: The typical blue-chip stock fund, for example, is down 34% over the past year. What may be less obvious to you is the trouble the crisis has caused fund companies - and what that means for your portfolio. After two decades of booming growth, the fund industry is going through its own meltdown. Long-term assets held by fund companies plunged 37% between October 2007 (when the bear market started) and the end of last year. The result: a wave of budget cutting and consolidation.
Treasury Secretary Tim Geithner set plans Wednesday to rein in the wild and wooly derivatives markets.
Stocks tumbled Wednesday, with the Nasdaq and S&P 500 falling for a third straight session, after a weaker-than-expected retail sales report gave investors a reason to retreat.
Fans of tax-free muni bonds know that inflation can gnaw at their returns. And as government spending stokes fears of rising inflation, investors might be looking for protection.
AIG Chief Executive Edward Liddy will appear before a House committee Wednesday to lay out the company's plan for paying back billions of taxpayer dollars.
Oil prices held their gains Tuesday, after climbing to a six-month high, as investors weighed signs of economic stabilization against weak energy demand and record-high crude inventories.
The price of oil is back towards $60 a barrel for the first time since November. Prices have shot up more than 70% since hitting their low point for the year in mid-February.
Treasury prices rose Monday as the Dow hit a triple-digit selloff after a two-month rally and the Federal Reserve prepared to buy U.S. debt throughout the week.
Oil prices fell Monday, after hitting a high for the year in the previous session, as optimism about an economic recovery was tempered by ongoing concerns about weak demand and record-high inventories.
The euro hit a one-month high above $1.35 Friday after better-than-expected U.S. payrolls data bolstered hopes for an economic recovery and dented safe-haven demand for the dollar.
Short-term lending rates touched another record low Wednesday in a sign of easier borrowing, while Treasury prices were mixed amid concerns about the banking sector and a major sale of U.S. debt.
The Securities and Exchange Commission has filed fraud charges against the operators of the Reserve Primary Fund for failing to provide important information to investors and trustees about the fund's exposure to Lehman Brothers.
A key interbank lending rate fell to its lowest point on record Tuesday as credit market conditions continue to ease.
The dollar rose against the euro Tuesday on negative European production data and ahead of a central bank meeting expected to slash rates to a record low.
The dollar slipped against a basket of currencies Monday as signs the U.S. economy is stabilizing bolstered the market's appetite for risk.
Treasurys were mixed Monday as signs the economy may be stabilizing outweighed concerns about the record amounts of debt coming to the market this week.
Stocks ended mixed Thursday after an earlier rally lost steam, as weakness in financial and oil stocks vied with strength in technology and industrial shares.
The dollar remained weak against the euro and the pound Wednesday after the Federal Reserve said the economy is still hurting but that the pace of the decline appears to be slowing.
The dollar rallied against the Mexican peso and was mixed against other major currencies Monday amid worries about the economic impact of a global swine flu outbreak.
The price of oil fell nearly 3% Monday as concerns about the potential economic repercussions of a swine flu pandemic weighed on the stock market and lifted the U.S. dollar.
The dollar and yen strengthened broadly Monday on rising risk aversion as concern grew that an outbreak of swine flu in Mexico could become a global pandemic, while the Mexican peso fell sharply.
The dollar fell against major currencies Thursday, amid a grab-bag of fresh indications that recovery for the U.S. economy is still a way off.
Investors pulled their money out of the stock market in droves following last fall's credit market collapse. But they may be slowly putting cash back to work now that stocks are in the midst of an explosive rally.
The dollar fell against the euro and yen Wednesday on strength in global stock markets.
Stocks gained Tuesday, rebounding after the previous session's rally as worries about corporate results were countered by renewed hopes that the financial sector is closer to stabilizing.
Treasurys fell Tuesday, giving back earlier gains, as investors chased higher returns in the stock market.
Stocks tumbled Monday as a six-week old rally lost steam on worries about financial sector earnings, despite Bank of America's better-than-expected quarterly results.
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