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Top Stories Market Snapshot: U.S. stocks unchanged after Facebook debut U.S. stocks nearly unchanged after Facebook Inc.’s trading debut and ongoing uncertainty about how Europe’s debt troubles will play out.
Barney Frank on derivatives, J.P. Morgan: Q&A Derivatives regulation being drafted by regulators and a tougher Volcker rule will be enough to prevent other banks from suffering losses similar to J.P. Morgan Chase’s surprise $2 billion-plus trading loss, Rep. Barney Frank says.
Metals Stocks: Gold futures bounce higher as dollar weakens June gold is back on the rise, within hailing distance of $1,600, as the dollar turns lower following a long winning streak for the greenback.
Bond Report: U.S. 10-year yields fall a ninth-straight week Treasury prices are set for another week of gains, with 10-year note yields extending their losing streak to a ninth-straight session as traders awaited comments from global officials at the weekend’s Group of Eight meeting.
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May 18, 2012 1:51 PM EDT
The negative news just keeps on rolling. The Bank of Japan’s Tankan Survey, similar to our Beige Book, showed large manufacturing businesses growing for the first time in two years, but the positives were outweighed by the China Purchasing Managers’ Index which slipped to 52.1 from 53.9 in June. Concerns that world economies may dip into a recession are slowing production of exports. The news weighed on Asian stock markets, with the Nikkei dow... full story >>