Spill Threat Spreads
Forecasters warn the oil spill in the Gulf of Mexico could threaten the Mississippi and Alabama coasts as early ask this week. John Hofmeister, former CEO of US operations at Shell, shares his insight.
Awful Month on Wall Street; Stocks Close Below 200 DMA Line!
Friday marked Day 4 of a new rally attempt for the benchmark S&P 500 Index and Day 2 for the other major averages. That said, as long Tuesday’s lows are not breached in the S&P 500, the window is now opened for a proper follow-through day (FTD) to occur. However, if at anytime Tuesday’s S&P 500 Index lows are breached, then the day count will be reset. What does all of this mean for investors? Simple, the market remains in a correction which reiterates the importance of adopting a strong defense stance until a new rally is confirmed. Trade accordingly.
Fitch Cuts Spain's Ratings to AA+
Fitch Ratings downgraded Spain’s credit rating by one notch on Friday, with Win Tin, Brown Brothers Harriman sr. currency strategist.
Personal Income & Spending May 2010
Personal income in April moved higher, with Ed Lazear, fmr. chairman of the President’s Council of Economic Advisers, and the CNBC news team.
Steve Wynn on Surviving Vegas Downturn
Steve Wynn discusses why he built the new Encore Beach Club, and how he has survived the Vegas downturn in ways competitors have not.
Steve Wynn on EBITDA
Finally, as he waits for a meaningful Vegas turnaround, Steve Wynn pokes fun at the measurements some analysts and executives use to gauge a company’s success—in short, he mocks EBITDA. “As if depreciation doesn’t exist.”
Is EU's Debt Crisis Hurting Growth in EMs?
The growth for emerging markets remains robust despite the euro zone sovereign debt crisis, says Stefan Hofer, emerging markets strategist at Bank Julius Baer. He tells CNBC’s Stephen Sedgwick & Chloe Cho more.
Time to Retire Rating Agencies?
Rating agencies don’t seem to have many friends these days, with Jerome Fons, former Moody’s managing director.
Stocks Jump As China Eases Debt Woes
Thursday marked Day 3 of a new rally attempt for the benchmark S&P 500 Index and Day 1 for the other major averages. That said, as long Tuesday’s lows are not breached in the S&P 500, the earliest a proper follow-through day (FTD) could occur would be Friday. However, if at anytime Tuesday’s S&P 500 Index lows are breached, then the day count will be reset. What does all of this mean for investors? Simple, the market remains in a correction which reiterates the importance of adopting a strong defense stance until a new rally is confirmed. Trade accordingly.
At an Inflection Point on Euro's Future
If we don’t strengthen the ECB and European Commission, we should dismantle the euro, Carlos Gutierrez, former commerce secretary and former Kellogg CEO, said Thursday. “We’re at an inflection point,” he said. “The whole concept of the euro is being tested.”