- 123jump.com Staff
- 26 Aug, 2005
- New York City
Fed Chairman expressed caution and warning on the persistent trade and fiscal imbalances and worries that protectionist measures discussed in Congress may not prepare America for the upcoming global challenges. Greenspan also expressed his concerns for the recent housing boom and as he stated 'asset prices' are increasing driving Fed's decision making. Natural gas remains above $10 price level.
- albena
- 26 Aug, 2005
- New York City
Stocks declined at the open Friday after the weaker-than-expected consumer sentiment data. The August sentiment index declined to 89.1 from an initial read of 92.7 on surging oil prices fears. Merck & Co. is in focus due to reports it may settle some of its Vioxx-related lawsuits. WPP Group posted a 41% rise in first-half net profit and lifted its operating margin target for the year. No major companies are scheduled to report earnings Friday.
- albena
- 26 Aug, 2005
- New York City
Futures are trading higher Friday and market will watch final August consumer sentiment data from the University of Michigan, which is expected to decline due to surging oil prices. Merck & Co. is in focus due to reports it may settle some of its Vioxx-related lawsuits. WPP Group posted a 41% rise in first-half net profit and lifted its operating margin target for the year. No major companies are scheduled to report earnings Friday.
- 123jump.com Staff
- 25 Aug, 2005
- New York City
Florida braces for storm and oil and gas markets hit new high. Natural gas prices reached all-time high and closed at $9.984 MBTU highest since the futures began trading in 1990. The natural gas prices are 80% higher than a year ago. Hawaii prepares to enforce price caps for gasoline and natural gas as of Sept 1.
- albena
- 25 Aug, 2005
- New York City
Oil retreated after hitting a record high and stocks remained in the positive territory. Yet another restructuring at Eastman Kodak and GE's $1.6 billion purchase of a stake in Turkey's No. 3 bank are in the spotlight. The number of Americans filing new claims for unemployment benefits dropped last week with the four-week average for people receiving benefits reaching a 4-year low.
- albena
- 25 Aug, 2005
- New York City
Oil slightly retreated after hitting a record high and stocks opened slightly above flat line. Re-organization at Eastman Kodak and GE's $1.6 billion purchase of a stake in Turkey's No. 3 bank are in the spotlight. The number of Americans filing new claims for unemployment benefits dropped last week with the four-week average for people receiving benefits reaching a 4-year low.
- albena
- 25 Aug, 2005
- New York City
Oil retreated after hitting a record high and stocks are expected not to lose ground as futures indicate a flat opening. On Thursday morning traders will certainly focus on jobless claims, seen slightly down from last week, but oil prices draw the main attention. Oil neared $68 a barrel in Asian trade Thursday as a tropical storm threatened to disrupt supply from the US Gulf Coast. Toll Brother
- 123jump.com Staff
- 24 Aug, 2005
- New York City
Another day another reason to take oil higher. Petroleum invetory report from the Energy Department suggested lower gasoline inventories and impendiing tropical storm in the Gulf of Mexico gave enough reasons to oil to trade higher than $67 per barrel. On earnings front BHP Billiton historic profit and revenue but cautioned that company will use capital for business growth than share with investors.
- albena
- 24 Aug, 2005
- New York City
The petroleum inventory data and home sales report helped investors recover from the disappointing data from the Commerce Department's report that durable goods dropped 4.9% in July. Falling gasoline inventories are fueling strength in oil stocks.
- albena
- 24 Aug, 2005
- New York City
Stocks declined in early trading as oil prices topped $66 a barrel and a larger-than-forecast 4.9% drop in July durable orders, after a revised 9.2% gain over the prior two months, provoked concerns that the economy could be slowing down faster than expected. On the other hand, new home sales in July hit a record high and helped trim the index losses. Google is to launch its instant-messaging service today. BHP Billiton reported record full-year net profit up 89.3 % vs. a year ago.
- albena
- 24 Aug, 2005
- New York City
Stock futures are below the flat line early Wednesday morning, pointing to a weaker opening as oil continues to rise on the latest tropical storm worries. Reports on durable goods and new homes sales could also change the focus of the market. Google is expected to launch its instant-messaging service today. BHP Billiton reported record full-year net profit up 89.3 % vs. a year ago.
- 123jump.com Staff
- 23 Aug, 2005
- New York City
Stocks declined. Existing home sales declined. The July existing home sales were estimated 2.6% lower to 7.16 million from revised 7.35 million in June. The median existing-home price across all housing categories was $218,000, 14% higher than a year ago. Wachovia is exploring a deal to acquire WFS Financial. A joint venture between GE and Rolls-Royce has won a $2.47 billion contract to develop an engine for stealth jet fighter.
- albena
- 23 Aug, 2005
- New York City
Stocks declined at mid-day due to falling existing home sales and volatile oil prices. The July existing home sales were estimated 2.6% lower to 7.16 million from revised 7.35 million in June. The median existing-home price across all housing categories was $218,000. Wachovia is exploring a deal to acquire WFS Financial. A joint venture between GE and Rolls-Royce has won a $2.47 billion contract to develop an engine for stealth jet fighter.
- albena
- 23 Aug, 2005
- New York City
Stocks opened near the flat line as oil advanced toward $66 and the M&A development news wasn
- albena
- 23 Aug, 2005
- New York City
Futures were weaker Tuesday morning, pointing to a lower opening for stocks as climbing oil and the news of a possible acquisition by Wachovia Corp. attracted the most attention. Investors are expecting existing home sales report at 10:00 a.m., which is seen rising for July. The Nikkei fell after hitting an intra-day high.