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Top Stories Asia Markets: Asia stocks rally, with resource, tech shares up Asia stocks rally, tracking overnight gains in the U.S., with many indexes up 1% or more as resource and tech shares help lead the advance.
Currencies: Dollar edges back up as euro slips The dollar resumes a path higher on Tuesday after taking a leg down in the prior session.
Bill Mann's Canada: Canadian Pacific proxy fight a turning point The stockholder showdown at Canadian Pacific Railway’s annual meeting, which led to the ouster of the railroad’s top two execs, marked an important turning point in the way Canadian corporate board members are likely to deal with impatient stockholders, especially the major ones.
Where the stock and bond bargains are hiding Both the safest and the riskiest assets are overbought. Jack Hough hunts for the best deals in the middle.
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May 22, 2012 2:21 AM EDT
The pendulum swung more aggressively to the bulls’ favor, as earnings, trade, and economic expectations rose. Monday evening, Alcoa AA (+1.2%) reported earnings that met official estimate, but the whisper number had been fading. Therefore, meeting expectations was good news. For the broader market, the company raised expectations for global demand to rise by 12% from... full story >>