Market News

US Fed Says Goldman Viewed as Favored by Regulators

Goldman Sachs Group Inc. (GS), one of the biggest recipients of funds from the US bailout of American International Group Inc., was seen by the public as favored by regulators, according to an internal Federal Reserve Bank of New York e-mail.
The public perception was a reason to reject a December 2008 media request for the [...]

Stocks seen tallying up more gains in Y 2010

Most of the Northside forecast is for the first half of the year as investors bet on a more stable economy boosting sectors like technology, industrials and materials.
The 2nd half of Y 2010 will be somewhat muted as investors seek clarity on when and how the US Federal Reserve might tighten monetary policy by raising [...]

Pinnacle Digest Ask’s, Can the Bull Keep Running?

The bull-run we’ve all been enjoying since March has taken a short pause. North American stock markets declined for the first week in five at the behest of weak consumer confidence. Consumer confidence is low for two reasons:

1. The overall weak job market and
2. Widespread decrease in wages.
The housing market has not rebounded in the [...]

Today’s Premarket Round Up, Futures Flat

After being down early USA futures have recovered after news that the cost of living in the U.S. was unchanged in July, underscoring the Federal Reserve’s view that inflation will be contained.
The worst consumer-spending slump since 1980 has curbed pricing power as companies boost incentives to trim inventories. The lack of inflation will give the Federal [...]

ASEAN Economic Ministers Meeting opens in Thailand

The 41st ASEAN Economic Ministers Meeting (AEM) and related meetings opened in Bangkok on Friday under the theme:
“Walk Together, Work Together towards AEC”. 
The 41st AEM meeting and the related meetings are essential for setting directions for economic policies within the ASEAN member countries and also for setting guidelines for relationships among the ASEAN countries and [...]

U.S. Small Business Sector One of the Smallest Amongst Comparable Countries

For Immediate Release: August 3, 2009
Contact: Alan Barber, (202) 293-5380 x 115
Washington, D.C.- Contrary to popular perceptions, the United States has a much smaller small-business sector (as a share of total employment) than other countries at a comparable level of economic development, according to a new report from the  Center for Economic and Policy Research [...]

Futures Point to Higher Open

Futures are trading higher in early markets this Monday, Dow, S&P and the Nasdaq are all showing strong premarket gains.
Friday, stocks closed out one of the best months for markets in years with a mixed performance after data showed a smaller-than-expected contraction in the economy during the second quarter. The Dow jumped 8.6% in July, [...]

Hot Topic: US Manufacturing likely shrank at slowest Pace in 11 Months

Manufacturing in the US likely shrank in July at the slowest pace in 11 months as the recession eased and factories moved closer to stabilization, economists said ahead of a private report today.
The Institute for Supply Management’s factory gauge increased to 46.5, from 44.8 in June. Readings less than 50 signal contraction. 
The factory slump is [...]

Big Breaking News: Wall Street Investment Banks profit from trades with US Fed

Wall Street banks are reaping outsized profits by trading with the US Federal Reserve, raising questions about whether the central bank is driving hard enough bargains in its dealings with private sector counterparties, officials and industry executives say.
The Fed has emerged as one of Wall Street’s biggest customers during the financial crisis, buying massive amounts [...]

China stocks gain 15 pct in July, biggest in two years

HK shares rally for 5th month, up 3% on week. Both markets recorded another month of hefty gains in July, the seventh successive monthly gain for Shanghai and the fifth winning month for Hong Kong, fuelled by positive earnings momentum and analyst upgrades.
In the absence of a major disappointment in US economic data due next [...]