S&P edges higher but IBM results drag Dow

Posted by Forexsq 2 days ago (http://www.reuters.com)
img U.S. stocks were mixed on Monday, with the S&P 500 and Nasdaq posting modest gains, but the Dow falling as quarterly results from IBM disappointed.

IBM (IBM.N) shares slumped 7.3 percent to $168.69 as the biggest drag on both the Dow and S&P 500 after the company's third-quarter earnings fell well short of Wall Street expectations. IBM had earlier said it would pay Globalfoundries $1.5 billion

Dollar Holds Losses With Early Fed Rate Increase Prospect Fading

Posted by Forexsq 1 day 17 hours ago (http://www.bloomberg.com)
img The dollar held declines from yesterday against a majority of its major peers as traders speculated a slowdown in global growth will delay the timing of a Federal Reserve interest-rate increase.

The Bloomberg Dollar Spot Index, which measures the currency against a basket of 10 counterparts, has weakened 0.8 percent so far this month amid shifting Fed expectations before policy makers next mee

Stocks turn mostly positive; Dow still in the red

Posted by Forexsq 2 days ago (http://www.marketwatch.com)
img U.S. stocks turned mostly positive in early trading Monday after starting out largely in the red. The S&P 500 SPX, +0.31% rose 0.2%, the tech-heavy Nasdaq COMP, +0.62% gained 0.4% and the small-cap Russell 2000 RUT, +0.65% rose 0.6%, as each index climbed out of negative territory. The Dow industrials DJIA, -0.26% remained lower, losing 64 points as it was hurt by IBM's IBM, -6.76% 7% loss after

S&P 500 Climbs for 4th Day on Stimulus Signs, Earnings

Posted by Forexsq 1 day 17 hours ago (http://www.bloomberg.com)
img U.S. stocks rose for a fourth day as investors speculated the European Central Bank will boost economic stimulus and companies from Apple Inc. (AAPL) to Travelers Cos. reported earnings.

The Standard & Poor’s 500 Index rose 0.6 percent to 1,916.05 at 9:31 a.m. in New York. The Dow Jones Industrial Average climbed 58.31 points, or 0.4 percent, to 16,457.98. The Nasdaq Composite Index was up 1 p

IBM Plunges as CEO Abandons 2015 Earnings Forecast

Posted by Forexsq 2 days ago (http://www.bloomberg.com)
img International Business Machines Corp. (IBM) plunged the most in more than four years after abandoning an earnings forecast for 2015, as the company struggles to transform fast enough to handle the shift to cloud computing.

IBM said it will provide an update on its projections in January, ditching a five-year plan to boost profit. The shares tumbled as much as 8.4 percent, dragging down the Dow

Yahoo profit soars following the Alibaba IPO

Posted by Forexsq 17 hours ago (http://money.cnn.com)
img Yahoo can't hide behind Alibaba anymore.

The Web giant's profit soared in the third quarter, after earning $6.3 billion from selling part of its stake in Alibaba (BABA, Tech30), the Chinese e-commerce giant. Alibaba debuted last month on the New York Stock Exchange in the largest IPO in Wall Street history.

Yahoo (YHOO, Tech30), whose stock had been buoyed by the pre-IPO hype, has already c

Most U.S. Stocks Advance as Apple Overshadows IBM

Posted by Forexsq 2 days ago (http://www.bloomberg.com)
img Most U.S. stocks rose as gains in Apple Inc. (AAPL) and consumer companies overshadowed International Business Machines Corp.’s plunge after withdrawing its profit forecast.

Apple Inc. advanced 1.7 percent before reporting quarterly results after markets close today. Consumer stocks including Hasbro Inc., Lennar Corp. and Netflix Inc. climbed more than 2.6 percent. IBM (IBM), the second-bigges

U.S. consumer prices rise on shelter costs | Top Forex Brokers

Posted by Forexsq 16 hours ago (http://www.topforexbrokers.com)
img U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while. The Labor... moreShare it now!

Leveraged Money Spurs Selloff as Record Treasuries Trade

Posted by Forexsq 2 days ago (http://www.bloomberg.com)
img When markets are buckling and volatility is signaling a crisis, you sell what you can, not what you want.

That’s what happened last week on Wall Street, where slowing economic growth in Europe, Ebola anxiety and escalating conflicts in the Middle East and Ukraine tore through the calm with a force not seen in three years. Loath to find out what their record holdings of corporate bonds and leve

Loonie plummets against dollar on weak retail sales data

Posted by Forexsq 16 hours ago (http://www.marketwatch.com)
img The Canadian dollar plunged against the U.S. dollar Wednesday morning after an unexpected drop in August retail sales data.

Canadian sales decreased by 0.3%, the largest drop this year. Economists had expected a flat reading. The decline follows a 0.1% drop in July, the first back-to-back monthly declines since 2012.

The loonie USDCAD, -0.14% traded at 88.75 cents Tuesday morning, down from

European Stocks Decline After Four-Week Rout as SAP Drops

Posted by Forexsq 2 days ago (http://www.bloomberg.com)
img European stocks fell, following their longest streak of weekly losses in more than a year, as worse-than-estimated financial results added to concerns over the region’s economic recovery.

SAP SE lost 4.2 percent after the world’s largest supplier of business-management software cut its full-year earnings forecast. Royal Philips NV declined 4.1 percent after third-quarter sales and profit misse

Oil Workers Earning $179,000 Expose Norway to Crude Crash

Posted by Forexsq 2 days ago (http://www.bloomberg.com)
img Norway, where oil helped create one of the world’s most stable and prosperous societies, is among the most exposed to falling crude prices.

Though the blessings of energy wealth have hardly turned to a curse, the industry’s labor costs, which saw the average offshore worker earn $179,000 last year, threaten to curb investment in new projects as oil tumbles.

The country has already been copi

Ebola Front-Line Doctors at Breaking Point

Posted by Forexsq 2 days ago (http://www.bloomberg.com)
img At 3:30 a.m. in the world’s biggest Ebola treatment center, Daniel Lucey found the outbreak reduced to its essentials: patients lying on mattresses on the floor and vomiting in the dark, visible only by the wavering flashlight beam of a single volunteer doctor.

“I don’t see a light at the end of the tunnel,” said Lucey, a physician and professor from Georgetown University who is halfway throug

European Stocks Rise Most Since 2011 on Stimulus Pressure

Posted by Forexsq 5 days ago (http://www.bloomberg.com)
img European stocks climbed the most in almost three years, ending their longest losing streak in 11 years, as an ailing euro-area economy increases pressure on policy makers to provide more stimulus measures.

The Stoxx Europe 600 Index jumped 2.8 percent to 318.68 at the close of trading, after a 7.7 percent slump in the past eight days dragged it to the lowest level of the year. Equities extende

Total CEO dies in plane crash

Posted by Forexsq 1 day 18 hours ago (http://money.cnn.com)
img French oil company Total has confirmed the death of its chairman and CEO, Christophe de Margerie, in a crash between his private plane and a snowplow at Moscow international airport.

Three members of the plane's crew were also found dead at the scene of the accident.

Russian officials said they had already established that the snowplow driver was drunk but would also consider other possible
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