July 20th, 2011
U.S. President Barack Obama is to meet Wednesday with senior congressional lawmakers for budget talks, the White House says.
The meeting was scheduled to start at 2:50 p.m. ET.
White House spokesman Jay Carney also signaled a position shift by Obama in a bid to resolve the impasse that has less than two weeks to go before [...]
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July 20th, 2011
North American stocks wavered in and out of positive territory in early trading Wednesday on hopes of a possible deal to resolve the U.S. debt-ceiling crisis, as well as strong corporate earnings south of the border.
The benchmark S&P/TSX composite index was up 6.37 points, or 0.05%, to 13,339.29.
shortly after markets opened. While gold prices —which [...]
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July 20th, 2011
Canada’s benchmark stock index was showing moderate gains at midday Wednesday as continued gains in the price of oil offset a drop in the price of gold.
The S&P/TSX composite index was ahead by 19 points, or 0.14 per cent, to 13,352, with the financials and energy sectors leading the advance.
The price of crude oil was [...]
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July 13th, 2011
Stock Market: Stock buybacks: That’s what most companies do when they buy their own shares. But how you can avoid the trap.
FORTUNE — In 2006 and 2007 timber giant Weyerhaeuser (WY) conducted one of the biggest share buybacks in its history. It unleashed $800 million to purchase its shares, which were dancing near an all-time [...]
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July 13th, 2011
NEW YORK (CNNMoney) — After spending two months focused largely on the state of the U.S. economy, investors will get a chance to turn their eyes back to Corporate America this week.
Several key companies will report their results for the second quarter this week, with investors getting profit reports from Dow members Alcoa (AA, Fortune [...]
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July 13th, 2011
NEW YORK (CNNMoney) — Fear is running high in the bond market.
Treasury prices began the week sharply higher, sending the benchmark 10-year yield below 3% for the first time since June 27.
“Being under 3% means a fear trade — we need to get back to at least 3% to have more confidence,” said William Larkin, [...]
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July 5th, 2011
Today’s stock market - Global stock markets pushed modestly higher Tuesday as investors awaited a raft of U.S. economic data this week that culminates with closely-watched payrolls figures.
Now that concerns over an imminent Greek debt default have been dampened by the Greek Parliament’s vote to back fresh austerity measures, investors are turning their gaze to more [...]
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July 2nd, 2011
Value investors and stock managers must “stick to your discipline” while the stock market returns to stability, said Harvey Neiman, portfolio manager of the Neiman Large Cap Value Fund — rated five stars by Morningstar.
That means he will stick to investing in some familiar companies whose shares are trading for less than their intrinsic values, [...]
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July 2nd, 2011
The Federal Reserve is ending quantitative easing. Greeks are rioting. Investors are “looking over their shoulders, wondering if 2008 is going to happen all over again,” Patrick Becker Jr. of Becker Capital Management told CNBC Thursday.
But that doesn’t mean investors can’t do well in this market, he believes.
“It comes back to a psychological issue,” he [...]
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July 2nd, 2011
With U.S. stock markets ready to close out their best week in nearly a year, Darin Richards, chief investment officer at AKT Wealth Advisors, told CNBC “I don’t think the momentum will continue.”
He projects the Standard & Poor’s 500 to end the year at 1400 to 1450; at what exact point depends on how good [...]
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