Legal costs hit Bank of America's bottom line

Posted by Forexsq 3 days ago (
img Bank of America reported a quarterly loss Wednesday as legal costs hit the bank's bottom line.

It's another reminder that the tentacles of the financial crisis are still squeezing both Main Street and Wall Street.

Yen Falls as Chinese Growth Beats Analyst Forecasts

Posted by Forexsq 3 days ago (
img The yen fell the most in more than two weeks against the euro after data showed China’s economic growth slowed less in the first quarter than analysts forecast, damping demand for safer assets.

Japan’s currency dropped against most of its 16 major counterparts as the nation’s stocks gained and central bank Governor Haruhiko Kuroda told parliament it was not appropriate to discuss an exit from

U.S. Stocks Rise After Yahoo Results, Factory Output Data

Posted by Forexsq 3 days ago (
img U.S. stocks rose, with the Standard & Poor’s 500 Index climbing a third day, as Yahoo! Inc. earnings topped estimates and data showed industrial production gained more than forecast.

Yahoo rallied 7.9 percent after saying sales surged at its Alibaba Group Holding Ltd. unit. Intel Corp. rose 0.5 percent after the world’s largest semiconductor maker forecast second-quarter sales that may exceed

Keep calm and invest in these unknown dividend stocks

Posted by Forexsq 2 days ago (
img How much do you fear a stock market correction?

There are dire warnings, the latest from Bank of America Merrill Lynch analysts Stephen Suttmeier and Jue Xiong, who said earlier this week that the Nasdaq Composite Index COMP +0.04% may have topped out following its recent rally heading into May, typically a weak month for stocks. The tech-heavy Nasdaq is down 3% this year following gains of

U.S. jobless claims hover near pre-recession levels

Posted by Forexsq 2 days ago (
img New applications for unemployment benefits held near their pre-recession levels last week, offering further evidence of the economy's underlying strength.

Initial claims for state unemployment benefits ticked up 2,000 to a seasonally adjusted 304,000 for the week ended April 12, the Labor Department said on Thursday. They stayed close to a 6-1/2 year low touched the prior week.

Economists p

Dollar Pares Loss as Jobless Claims Trail Forecast

Posted by Forexsq 2 days ago (
img The dollar pared a loss against the euro as a report showed claims for U.S. unemployment benefits increased less than forecast.

The Bloomberg Dollar Spot Index dropped for the first time in five days after Federal Reserve Chair Janet Yellen said yesterday she doesn’t see any sign of inflation and has a “continuing commitment” to support the recovery. The pound reached the highest level in more

Google still a top pick for Wall Street, despite mobile ad challenges

Posted by Forexsq 2 days ago (
img Google Inc's disappointing first-quarter results left Wall Street unfazed about the internet giant's ability to come to grips with the shift to the fast-growing mobile advertising market.

Google shares were down about 3 percent in early trading on Thursday, and at least 12 brokerages cut their target price on the stock. But most analysts kept a "buy" rating or equivalent on the company's share

Wall Street opens flat on mixed earnings

Posted by Forexsq 2 days ago (
img Wall Street opened flat on Thursday, following three days of gains, as underwhelming results from tech giants Google and IBM were offset by upbeat quarterly numbers from the likes of Morgan Stanley, Goldman Sachs and General Electric.

The Dow Jones industrial average .DJI fell 24.66 points or 0.15 percent, to 16,400.19, the S&P 500 .SPX lost 1.54 points or 0.08 percent, to 1,860.77 and the Nas

Consumer Price Index March 2014

Posted by Forexsq 4 days ago (
img The Consumer Price Index for All Urban Consumers (CPI-U) increased
0.2 percent in March on a seasonally adjusted basis, the U.S.
Bureau of Labor Statistics reported today. Over the last 12 months,
the all items index increased 1.5 percent before seasonal adjustment.

Increases in the shelter and food indexes accounted for most of the
seasonally adjusted all items increase. The food ind

U.S. Stocks Decline as Google, IBM Sales Disappoint

Posted by Forexsq 2 days ago (
img U.S. stocks declined, after the best three-day rally in two months, as disappointing sales from Google Inc. and IBM overshadowed earnings from Morgan Stanley and General Electric Co.

Google slid 3.3 percent as rising costs and a shift of advertising to mobile phones curbed results. International Business Machines Corp. dropped 3.9 percent after reporting sales that trailed projections. UnitedH

Russia says Ukraine on brink of civil war

Posted by Forexsq 4 days ago (
img Russia declared Ukraine on the brink of civil war on Tuesday as Kiev said an "anti-terrorist operation" against pro-Moscow separatists was under way, with troops and armored personnel carriers seen near a flashpoint eastern town.

Twenty-four hours after an Ukrainian ultimatum expired for the separatists to lay down their arms, witnesses however saw no signs yet that Kiev forces were about to s

Ukraine Crisis Deepens as Putin Invokes 'Right' to Invade

Posted by Forexsq 2 days ago (
img Russian President Vladimir Putin said he hopes he won’t have to use his “right” to send troops to Ukraine as both countries’ foreign ministers met their counterparts from the U.S. and Europe over the crisis.

Ukrainian police killed three pro-Russian fighters and wounded 13 after an attack on a national-guard base in the southeastern city of Mariupol overnight, Interior Minister Arsen Avakov sa

Yellen prepares Wall Street for more wholesale funding rules from Fed

Posted by Forexsq 4 days ago (
img The U.S. Federal Reserve is considering adopting yet more measures to address the remaining stability risks in the short-term wholesale funding markets that seized during the 2008 financial crisis, Fed Chair Janet Yellen said on Tuesday.

In a video speech, Yellen praised new liquidity standards for global banking firms, but warned that they do not apply to so-called shadow banks or to the fina

‘I Think I’m Going to Die,’ Student on Korean Ferry Phoned

Posted by Forexsq 2 days ago (
img Park Ji Yoon hadn’t wanted to go on her high school’s trip to the South Korean resort island of Jeju. She hated riding on ferries.

When she called the grandmother who had raised her, more than 12 hours after the ferry had departed with her and more than 300 classmates on it, the girl’s voice was shaking.

The two had spoken 90 minutes earlier, said Kim Ok Young, 74. Ji Yoon said then that th

U.S. Stock-Index Futures Rise on J&J, Coca-Cola Earnings

Posted by Forexsq 4 days ago (
img U.S. stock futures rose, after equities rebounded from their worst week since 2012, as earnings from Johnson & Johnson and Coca-Cola Co. offset data showing a decline in a gauge of New York-area manufacturing.

Coca-Cola gained 3.1 percent as global volume sales increased. Johnson & Johnson climbed 2.5 percent as the company raised its forecast for the year. Umpqua Holdings Corp. added 1.8 perc

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