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Entries for the ‘Financial News’ Category

Gold Climbs a second day on Euro concerns

Gold gained for a second day in New York as concern Europe’s sovereign-debt crisis is worsening spurs demand for the metal as a protection of wealth.
The euro reached a four-month low versus the dollar after Fitch Ratings downgraded Greece’s long-term credit rating, citing heightened risk that the nation may not be able to sustain membership in the monetary union. Bullion jumped 2.5 percent yesterday, the most since October, as a U.S. report showed manufacturing in the Philadelphia region unexpectedly shrank [...]

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Where nervous Greeks are stashing cash

Amid fears the nation could crash out of the eurozone, Greeks are sending their cash to safer havens like London’s real estate market.

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Spain’s government to urge calm

The government is expected to urge calm in the wake of bank downgrades and worries about the health of the overall banking system.

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Europe fears pressure world markets

European markets were mixed Friday as investors remained anxious about Spanish and Greek banks, while Asian stocks sold off sharply amid worries of a further slowdown in China.

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Stocks: Facebook IPO vs. Europe worries

U.S. stocks were poised for a higher open Friday as investor excitement over the Facebook initial public offering countered continued worries about the European sovereign debt crisis.

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5 Memorial Day weekend travel deals

It’s not too late to book a trip for the upcoming holiday weekend. Even with short notice, there are lots of ways to save big on these top five destinations.

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Andy Zaky: Apple has hit bottom and is about to bounce

A cult figure among day traders issues a rare “buy” recommendation

FORTUNE — With Apple (AAPL) trading just over $530 a share — under 13 times last year’s earnings and 10.56 times his estimated October earnings — Bullish Cross’ Andy Zaky on Thursday told his readers to buy:

“Those who have been waiting for a correction in Apple to buy the stock now have that opportunity to do so. On a technical MORE

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Greek banks strain for cash

The Greek financial system is straining hard for cash.

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Greek banks strain for cash

The Greek financial system is straining hard for cash.

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Greek banks strain for cash

The Greek financial system is straining hard for cash.

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‘What should we do with a $100,000 windfall?’

We are retirement age and expect a windfall of $100,000. What should we do? — Debbie, Jamestown, N.Y.

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‘What should we do with a $100,000 windfall?’

We are retirement age and expect a windfall of $100,000. What should we do? — Debbie, Jamestown, N.Y.

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‘What should we do with a $100,000 windfall?’

We are retirement age and expect a windfall of $100,000. What should we do? — Debbie, Jamestown, N.Y.

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‘What should we do with a $100,000 windfall?’

We are retirement age and expect a windfall of $100,000. What should we do? — Debbie, Jamestown, N.Y.

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EURs to be Recycled

The third largest IPO in corporate history, the largest in tech, is about to make a few specs very wealthy today. Frantic Facebook Friday’s enthusiasm does not seem to be spilling over to disrupt the dour mood of FX. The 50% of Americans who believe that Facebook is a fad, will not be allowed to gatecrash today’s party. The EUR bull thought they caught a break with yesterday’s dismal US data potentially opening the Q3 flood gates. That euphoric feeling [...]

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Road Warrior: Arne Sorenson

The CEO of Marriott finds meaning in the middle seat.

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Zuckerberg through the years

Facebook’s founder has become a pop culture staple much faster than almost any of his predecessors. A look at Zuck, over the past nine years, through the public’s eyes.

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Vacation? No thanks, boss

Dubbed the “no vacation nation,” the United States lags behind most other developed countries when it comes to vacation days. But Americans don’t seem to mind.

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Vacation? No thanks, boss

Dubbed the “no vacation nation,” the United States lags behind most other developed countries when it comes to vacation days. But Americans don’t seem to mind.

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Vacation? No thanks, boss

Dubbed the “no vacation nation,” the United States lags behind most other developed countries when it comes to vacation days. But Americans don’t seem to mind.

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