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Dow Jones New Record Helps U.S. Currency

The Dow Jones average hit a record high on Tuesday, helped by better-than-expected service sector data for the U.S. Such risk-on appetite has traditionally had a negative correlation for safe-haven currencies such as the dollar.But Ian Stannard, FX strategist at Morgan Stanley believes things will be different for the greenback this time, with global currency market Expand this post »

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Posted by admin - 03/06/2013 at 09:22

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Dow Jones New Record Helps U.S. Currency

The Dow Jones average hit a record high on Tuesday, helped by better-than-expected service sector data for the U.S. Such risk-on appetite has traditionally had a negative correlation for safe-haven currencies such as the dollar.But Ian Stannard, FX strategist at Morgan Stanley believes things will be different for the greenback this time, with global currency market Expand this post »

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Posted by admin - 03/06/2013 at 09:22

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Buffet and Cramer on Board for Natural Gas Vehicles

During an interview with CNBC, Warren Buffett spoke about a subject that's near and dear to Jim Cramer's heart.That is, using natural gas as a fuel for surface vehicles. "Buffett's Berkshire-Hathaway owns a railroad, Burlington Northern, and he started off talking about natural gas powered trains," Cramer said. "Buffett is telling us that Expand this post »

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Posted by admin - 03/06/2013 at 09:20

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Wall Street to Drive Rally Further on Hiring News

Wall Street was set to drive the rally further on Wednesday, the day after the Dow set a new record, as hiring by companies rose strongly last month.Signs of a strengthening U.S. economy, continued support from the Federal Reserve, and fairly attractive valuations compared with other assets have helped U.S. equities rally this year.On Tuesday, the Dow ended at 14,253.77, Expand this post »

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Posted by admin - 03/06/2013 at 09:18

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