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Stocks rallied near midday Monday, with the Dow topping 9900 for the first time in more than a year, as investors showed optimism about the first big wave of quarterly results due out this week.
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It sounds like the plot of a bad spy novel.
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The stalled-out stock-market rally got a reboot last week, pushing the Dow and S&P 500 to fresh one-year highs. But that resilience will be tested in the week ahead with the release of the first big batch of third-quarter financial results.
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Imperial connections prove a goldmine at recent sales in Hong KongTHE uneven response to Sotheby’s contemporary Asian art sale in Hong Kong on October 6th seemed inauspicious. Buyers apparently suspected the market still had further to fall. But the blues had vanished two days later with the sale of fine furniture and ceramics.The October 8th sale confirmed a trend at auctions in London, New York. Whereas the financial crisis has made mice out of collectors (especially speculative buyers) of contemporary works, such as Yue Minjun’s pink grimaces and the many-hued dollybirds by Liu
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Ye and Feng Zhengjie, sales of traditional Chinese arts are where the real muscle is to be found. ...
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Gold prices have gained luster as of late and many expect it to keep shining as investors look to hedge themselves against the threat of inflation and a weak U.S. dollar.
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Stocks rallied Friday at the end of a strong week, with the Dow and S&P 500 hitting their highest levels in over a year as investors extended a seven-month rally.
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Bar codes that let shoppers trace their food back to the fieldDESPITE its preoccupation with hygiene, America’s dirty secret is that it is one of the most dangerous places in the developed world to eat. Every year 76m Americans become ill because they have consumed contaminated food—a staggering 26,000 cases per 100,000 population. In Britain, where people consume far fewer hamburgers, generally eat out less often and buy nowhere near as many ready-meals, there are 3,400 cases of food poisoning per 100,000 population annually. France is safer still, with only 1,200 annual instances
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per 100,000 people.Most cases of food poisoning are mild, with victims recovering in a day or two. Sometimes, however, foodborne illnesses kill or cause permanent health problems. In the United States around 5,000 people die and a further 325,000 wind up in hospital each year as a result of food poisoning. The annual cost to the country, in medical treatment and lost productivity, is more than $35 billion. ...
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U.S. stocks were poised for a rocky open Friday as investors paused after pushing Wall Street near its highest levels all year.
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Stocks rallied Thursday, with the major indexes flirting with 2009 highs, after Dow component Alcoa posted better-than-expected earnings and revenue and a report showed an unexpected drop in jobless claims.