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By Whitney Kisling, Bloomberg |
April 29, 2013
U.S. technology stocks, the second-best industry of the past decade, have fallen to the cheapest levels in at least seven years and are vulnerable to more losses as analysts reduce second-quarter profit estimates.
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By Tony C. Dreibus, Bloomberg |
April 29, 2013
Hedge funds accumulated their second-biggest position against gold on record just as prices rallied the most in 15 months on surging demand for coins and jewelry and Goldman Sachs Group Inc. ended a recommendation to sell.
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By Glenys Sim and Debarati Roy |
April 25, 2013
Gold climbed the most since September on central bank buying and signs of more investor demand following last week’s biggest drop in three decades.
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By Godfrey Marawanyika and Franz Wild, Bloomberg |
April 22, 2013
The government in Zimbabwe, which has the world’s second-biggest platinum deposits, is preparing a law allowing it to seize controlling stakes in companies without compensation, according to a draft of the legislation.
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By Justin Pugsley |
April 22, 2013
Quantitative easing does not equal competitive currency devaluations – at least that's the message the Group of 20 tried to convey at its April 18-19 gathering.
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By Rebecca Christie and Jeanna Smialek |
April 21, 2013
European Union efforts to create a hard-to-escape financial transaction tax are coming under fire from within the bloc.
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By Phil Flynn |
April 19, 2013
OPEC is showing more concern about the rapid drop in oil prices. While a call from the hawks for a meeting is not unusual, it seems that OPEC special meeting or not will more than likely reign in production unless prices rebound dramatically.
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By Stephen Kirkland and Inyoung Hwang, Bloomberg |
April 17, 2013
Global stocks fell amid losses in industrial metals and disappointing earnings from Bank of America Corp. and others. The euro weakened as Germany’s central bank chief Jens Weidmann reportedly said European policy makers may cut rates if needed.
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By Debarati Roy and Joe Richter, Bloomberg |
April 17, 2013
Investors are dumping gold funds at the fastest pace in two years in favor of equities, compounding a slump that has wiped $560 billion from the value of central bank reserves.
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By Phil Flynn |
April 17, 2013
Oil Prices look like they found support around $86.00 as I expected. After the massive sell-off because of the fears of a global slowdown and massive U.S. supply, oil could start rebounding on the more mundane seasonal and refinery factors.
