Gold Price Collapse Looming?
Airtime: Wed. Feb. 24 2010 |ET
Why to be cautious about gold right now, with Ashraf Laidi, CMC Markets.
Airtime: Wed. Feb. 24 2010 |ET
Why to be cautious about gold right now, with Ashraf Laidi, CMC Markets.
TUI Travel reported widening first-half losses Tuesday. “What we’ve seen is a significant improvement in our second-quarter results,” CEO Peter Long said. “We’ve seen a strong recovery in consumer demand.”
There is an 80% or more chance the euro zone will lose members within the next two years, Erwin Grandinger from EPM Financial Services Group said citing the group’s clients. He added that part of the problem is having no direct communication between politicians and the markets.
Treasury Secretary Timothy Geithner breaks down President Obama’s new economic proposals, which include a tax break for businesses.
Discussing the road ahead with Mark Hurd, Hewlett Packard chairman/CEO.
We have a $700 billion to $1 trillion rescue package being thrown at countries “which are patently insolvent,” David Roche from Independent Strategy said Monday. He added that EU leaders have not addressed how the austerity measures are going to be enabled to help these countries become solvent again.
Charts: Beware of Euro Dips vs Dollar. The euro is likely to continue its rise against the dollar in the long term, but investors should watch out for setbacks in the near term, Royce Tostrams, technical analyst at Tostrams Groep, told CNBC Friday.