With 14 million Americans out of work, some of the nations top economists and thinkers are calling for immediate action on the faltering economy. Alan Blinder, a former Fed vice chairman, is one of them. He and Mort Zuckerman share their opposing views with CNBC.
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"Equities are going to lose you money between now and October. You either sell right now or wait for the rest of the rally and sell into that," Robin Griffiths from Cazenove Capital told CNBC when taking a technical look at the FTSE.
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Infrastructure and consumer stocks as well as Asian financials are likely to outperform this year, says Geoff Lewis, head of investment services, JP Morgan Asset Management. He speaks to CNBC's Oriel Morrison about which sectors he's bullish on for the remainder of 2010.
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By TOMOKO A. HOSAKA
2010-07-29T10:02:24Z
TOKYO (AP) -- Sony bounced back to profit last quarter and raised its full-year earnings forecast, fueled by stronger demand for its PlayStation 3 gaming consoles, personal computers and televisions....
By TOMOKO A. HOSAKA
2010-07-29T10:02:24Z
TOKYO (AP) -- Sony bounced back to profit last quarter and raised its full-year earnings forecast, fueled by stronger demand for its PlayStation 3 gaming consoles, personal computers and televisions....
NEW YORK (Reuters) - Wall St futures pointed to a firmer start for equities, after gains in Europe. The Dow closed lower in the previous session on weak durable goods data and a downbeat assessment of the economy from the Fed's Beige Book.
By YURI KAGEYAMA
2010-07-29T09:50:10Z
TOKYO (AP) -- Panasonic is planning to take 100 percent ownership of its subsidiaries Sanyo Electric and Panasonic Electric Works in a move costing up to $9.4 billion to strengthen green businesses such as electric cars and solar panels....
BRUSSELS (Reuters) - Euro zone economic sentiment improved more than expected in July, buoyed by strong figures from Germany that point to a sustained economic recovery for the currency area as it overcomes the sovereign debt crisis.
By ALEX KENNEDY
2010-07-29T09:27:44Z
SINGAPORE (AP) -- Asian stock markets were mixed Thursday after fresh evidence of slower U.S. growth blunted appetite for riskier assets like stocks. European shares were higher....
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2010-07-29T09:20:33Z
BERLIN (AP) -- Sales at Volkswagen AG motored ahead in the second quarter thanks in part to strong demand from China, pushing the automaker's earnings sharply higher to euro1.25 billion ($1.6 billion), the company said Thursday....
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