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Dow closes at record high as US home prices, confidence rise
28/05/2013 - MARKETS

Dow closes at record high as US home prices, confidence rise

The Dow Jones Industrial Average was up more than 108 points to close at a record high of 15,411.15 on Tuesday as new data showed an increase in consumer confidence while US housing prices saw their highest year-on-year increase since 2006.
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Mammoth mystery algorithm on Nasdaq: who and why?
12/10/2012 - MARKETS

Mammoth mystery algorithm on Nasdaq: who and why?

A single algorithm which placed and then cancelled orders on the Nasdaq accounted for 4% of all quoted traffic in the US with no clear goal. An investor gives FRANCE 24 his insight into the mystery which has concerned market watchers.
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Gloomy jobs data sends US markets sliding
02/06/2012 - US ECONOMY

Gloomy jobs data sends US markets sliding

Only 69,000 new jobs were created in May, the fewest in a year, while unemployment rose slightly, new US jobs data showed on Friday. The news sent the Dow Jones industrial average plummeting 2.2%, offsetting most of the gains made so far in 2012.
'No-one in their right mind thinks Facebook is worth 100 billion'
02/02/2012 - IN THE WORLD PAPERS

'No-one in their right mind thinks Facebook is worth 100 billion'

In today's papers - we look at Egypt's deadly football violence, the leaked NATO report saying Pakistan still backs the Taliban, and the backlash against what some see as Facebook's over-valuation.
Apple overtakes ExxonMobil in US market value
25/01/2012 - MARKETS

Apple overtakes ExxonMobil in US market value

Apple overtook ExxonMobil once again to become the largest US company in market capitalisation Wednesday after its share price skyrocketed on quarterly gains. Apple shares were up 6.83% to $449.12 in early Wall Street trading.
Still no deal to tackle US deficit
23/11/2011 - USA

Still no deal to tackle US deficit

After three months of wrangling, the US congressional "super committee" charged with finding $1.2 trillion worth of spending cuts announced that they have failed to reach a deal. While Democrats and Republicans point the finger of blame at each other, others worry about the consequences for the debt-laden US economy.
Italian debt fears trigger global market losses
10/11/2011 - MARKETS

Italian debt fears trigger global market losses

Global stocks plunged Wednesday after Italian bond yields soared to 7% on debt fears and on the ongoing eurozone crisis. The S&P 500 lost 3.7 percent, its biggest one-day drop since August, while the Dow Jones industrial average fell 389 points.
Bank of America to axe 30,000 jobs
12/09/2011 - BANKING

Bank of America to axe 30,000 jobs

Bank of America will shed about 30,000 jobs over the next five years in a bid to save $5 billion per year, the bank's CEO disclosed in an address to investors. The bank's stock has lost half of its value this year.
Global markets rally after German court ruling
07/09/2011 - MARKETS

Global markets rally after German court ruling

The US market closed more than 2 percent higher on Wednesday, reversing three days of losses. European markets also rallied after a German court green-lighted Berlin's participation in eurozone bailouts.
Global stocks fall amid investor fears
07/09/2011 - MARKETS

Global stocks fall amid investor fears

US stocks opened down more than 2 percent on Tuesday and European markets were in the red amid investor fears over the eurozone's sovereign debt crisis and the possibility that the United States is heading toward another recession.
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