Financial Market News

U.S. stocks edged lower Friday on falling oil prices and a worse-than-expected consumer confidence report, ending a rough week on Wall Street.

MUMBAI: Indian equities markets ended the week in the red, as investors shed stocks in large numbers after the budget failed to enthuse the bourses.

Fresh on the heels of new proposals to regulate mortgages and other consumer credit products, the Obama administration on Friday sent Congress proposed legislation designed to head off another Bernard Madoff-style fraud.

In this April 11, 2006 file photo, a Harley Davidson logo decorates the gas tank of a motorcycle at the dealership in Sandy, Utah.

Shares of commercial lender CIT Group Inc. plunged Friday as uncertainty mounts over whether it can get federal backing for its bonds.

NEW YORK - As attention turns from Michael Jackson's death to the complex estate the pop icon left behind, experts are sorting through his holdings and putting price tags on their value - with an eye on the tax bill they will generate.

Investors are in the midst of the longest losing streak since the market's spring rally began in early March.

US STOCKS ended mainly lower on Friday with investors fretting over fears that recovery from the global recession remains distant.

A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas.

By SARA LEPRO Investors moved money back into commodities Thursday, sending prices for gold, copper and soybeans higher as they stepped up their willingness to take on risk.Better-than-expected results from aluminum maker Alcoa Inc.

Leaders of rich and developing nations meeting here have agreed not to resort to currency devaluation to gain a competitive advantage - while shying away from any discussion of the dollar's status as the world's reserve currency.

NEW YORK - Treasury prices slipped Thursday, a day after a big jump, as stock prices recovered.

FOX Business reporter Chris Cotter said stocks see-sawed their way to a mostly flat finish Wednesday.

It's report card season on Wall Street and investors are bracing for bad news. With the April-to-June quarter over, this is the time when companies could come out with warnings that their earnings will fall short of expectations.

The Toronto stock market moved higher late Thursday morning, snapping a fierce three-session losing streak as commodity stocks mended.

A former pastor and his sons charged with bilking church members nationwide out of millions of dollars pleaded not guilty Wednesday, the same day state officials announced increased penalties for such schemes.

World stock markets posted modest gains Thursday after aluminum company Alcoa Inc.

The China Banking Regulatory Commission said Wednesday it had issued a new circular banning banks from investing wealth management funds in secondary-market stocks.

07/08/09 The stories,data, and stocks that may have the greatest impact during the next trading session.

The Canadian economy is slowly emerging from the worst recession in nearly three decades, suggests new economic data on bankruptcies, building permits and business activity.