Michael Strauss

U.S. Stocks Rise as ECB Cuts Rate, Jobless Claims Fall

U.S. stocks rose, sending the Standard & Poor’s 500 Index to a record high, as the European Central Bank cut its key interest rate and American jobless claims unexpectedly fell.

Commodities Join Global Stocks Falling in Week as Gold Drops 7%

China’s weakening economic expansion and slowing earnings growth in the U.S. sent copper into a bear market and gold to the biggest weekly drop in a year and a half, while global stocks fell the most in 10 months.

Most U.S. Stocks Fall as Europe Offsets Bank, Tech Rally

Most U.S. stocks fell, after the Standard & Poor’s 500 Index rose to its highest level since April, as investor concern about Europe’s debt crisis overshadowed a rally in technology and financial companies.

U.S., European Stocks Gain as Euro Rebounds After Slump

Stocks rose, with the Standard & Poor’s 500 Index rebounding from a two-month low, while European equities erased early losses and the euro snapped the longest slide since 2008 as Greece attempted to form a new government.

Hedge Funds’ Fourth Bullish Week Boosts Copper Bets

Hedge funds increased bullish commodity bets for the fourth straight week and became the most bullish on copper since December on signs of faster growth in the U.S. and China.

Stocks in U.S. Advance as Housing Starts Increase to Highest Level of Year

U.S. stocks climbed, giving the Standard & Poor’s 500 Index its biggest gain of the month, as better-than-estimated housing starts added to expectations the world’s largest economy will weather Europe’s debt crisis.

U.S. Subprime Hunt Targets Goldman Sachs, May Skip AIG's Cassano: Timeline

Federal prosecutors don’t plan to bring charges against former American International Group Inc. executive Joseph Cassano after a two-year probe of the insurer’s collapse, according to a person familiar with the investigation.

Obama Says Jobs Data Show U.S. Has ‘Long Way to Go’ in Boosting Employment

President Barack Obama said today’s job report shows that ‘we still have a long way to go and a lot of work to do to give people the security and opportunity they deserve.’’

Commodity Fund Outflows Reach Weekly Record of $4.23 Billion

Money managers removed a record $4.23 billion from commodity funds in the week ended Feb. 27, led by declines in precious-metal holdings, as raw materials capped the biggest monthly loss since October.

Fed Says Banks Ease Standards on Business, Consumer Loans

U.S. banks are relaxing their terms on credit cards and lending for autos and commercial real estate, according to a Federal Reserve survey.

"The ECB did the minimum it needed to do."

- Michael Strauss on May 02, 2013

New York

Europe

China

Yudhoyono Calls on Freeport to Intensify Mine Rescue Efforts

North Korea Test-Fires 3 Missiles as U.S. Sees Further Isolation

Connecticut Commuter Crash Hampers Amtrak Boston-New York Trains

Commuter Train Wreck Injures Dozens, Curbs Amtrak Service

Republicans Unsatisfied by IRS Answers Press for More