President and First Lady Obama hosted their first state dinner last night in honor of India’s Prime Minister Manmohan Singh. In other news, President Obama is determined to “finish the job” in Afghanistan. Additionally, election tensions in the Philippines have left 57 people dead.
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European stocks rallied following some upbeat economic news out of the US. The UK led the way higher, rising 3 quarters of a percent. Meanwhile Germany gained 6 tenths of a percent and France rose nearly 7 tenths of a percent.
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Sales of newly-built homes rose more than expected in October. This is the third housing report of the week and suggests further stabilization in the housing market, and erases the prior month’s decline. In other economic news, consumer attitudes worsened in November, according the results of a ...
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Tiffany’s posted significantly better than expected third quarter earnings. Sales were strong in Europe and Asia, though this was offset by weakness in the U.S. and elsewhere in the Americas. The world’s second largest luxury jewelry retailer also lifted its full year forecast as cost-cutting ma...
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Asian markets were mostly higher on Wednesday, as Japan gained 40 points. Hong Kong jumped more than 185 points, while China rebounded more than 65 points or 2 percent. South Korea added 5 points to snap a two-day slide, while Taiwan gained more than 40 points to finish higher for the t...
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Stocks are showing little movement Wednesday. Trading is light heading into the holiday. The economic calendar is packed, though mixed data is doing little to move the market. Orders for big-ticket manufactured goods fell 0.6 in October. Jobless claims fell more than expected last week,...
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The White House has set a greenhouse gas emissions reduction target and announced Wednesday that President Obama would present the goal at the upcoming U.N. climate summit in Copenhagen. Elsewhere, a new poll showed growing support for sending more U.S. troops to Afghanistan, and a grou...
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Trading was light but stocks ended in the green ahead of the Thanksgiving holiday. The CBOE Volatility Index, widely considered the best gauge of fear in the market, dropped to a 15-month low. Meanwhile, investors cheered a slew of better than expected economic reports. On the corporate front, T...
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The economic calendar is packed heading into Turkey Day. Investors are reacting to a trio of economic reports. News was upbeat out of the employment sector, with layoffs at their lowest level since early in the year. However the latest manufacturing data came in below expectations.
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Wednesday’s economic calendar is busy as traders prepare for the Thanksgiving break. Before the opening bell, Deere Co. and Tiffany are on the earnings docket. Then at 8:30am ET a trio of economic data will be released. Personal income and spending, initial jobless claims, and durable goods data...
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Revised government statistics confirmed that the U.S. economy returned to growth in the third quarter, though data indicated that the expansion was weaker than people had previously thought. The results still marked the first period of economic growth since the second quarter of 2008, but there ...
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Indian Prime Minister Manmohan Singh Tuesday became the first foreign head of state honored with a state visit to the Obama White House. He noted mutual interests with the U.S. and pledged cooperation to meet the nations’ goals. Elsewhere, President Obama prepared to announce his decis...
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President Hosts First State Dinner
