David's Feed
May 15, 2013

Bristol-Myers shares jump ahead of melanoma trial data

CHICAGO/NEW YORK (Reuters) – Shares of drugmaker Bristol-Myers Squibb Co (BMY.N: Quote, Profile, Research, Stock Buzz) rose to a ten-year high on Wednesday ahead of results of an early stage trial for its new melanoma treatment, with heavy betting in the options market suggesting investors see more gains in the stock.

Bristol-Myers rose 4.5 percent to $44.15 on its busiest day of trading since August, ahead of the release of the American Society of Clinical Oncology (ASCO) 2013 Annual Meeting abstracts Wednesday night. At one point the stock hit $45.59.

Apr 22, 2013

Years of weak growth sow doubt in rescue plans

WASHINGTON (Reuters) – More than three years after the end of the global recession, sluggish activity across rich and poor economies is confounding policymakers who expected more by now and raising concerns that options for kick-starting growth are increasingly limited.

They face a sobering checklist:

The U.S. economy remains shackled by a mountain of household debt and continues to whipsaw between periods of modest growth and next to none at all.

Apr 21, 2013

Analysis: Years of weak growth sow doubt in economic rescue plans

WASHINGTON (Reuters) – More than three years after the end of the global recession, sluggish activity across rich and poor economies is confounding policymakers who expected more by now and raising concerns that options for kick-starting growth are increasingly limited.

They face a sobering checklist:

The U.S. economy remains shackled by a mountain of household debt and continues to whipsaw between periods of modest growth and next to none at all.

Apr 21, 2013

Years of weak growth sow doubt in economic rescue plans

WASHINGTON, April 21 (Reuters) – More than three years after
the end of the global recession, sluggish activity across rich
and poor economies is confounding policymakers who expected more
by now and raising concerns that options for kick-starting
growth are increasingly limited.

They face a sobering checklist:

The U.S. economy remains shackled by a mountain of household
debt and continues to whipsaw between periods of modest growth
and next to none at all.

Apr 19, 2013

Debt levels, big monetary stimulus on tap at G20

April 19 (Reuters) – Finance leaders of the G20 economies on
Friday were set to debate specific targets for reigning in debt
levels and the potential dangers from the latest round of
aggressive easing of monetary policy from the world’s biggest
central banks.

They were also poised to demand swifter resolution to
setting guidelines for financial benchmarks like the Libor
interest rate in the wake of a global rate-rigging scandal.

Apr 16, 2013

Influential economic study on austerity may be flawed

NEW YORK, April 16 (Reuters) – One of the key intellectual
touchstones in the move towards government austerity efforts
around the world may have been incorrect in its conclusions due
in part to spreadsheet coding errors, researchers said on
Tuesday.

A study by eminent Harvard economists Carmen Reinhart and
Kenneth Rogoff first presented in 2008 said a country’s gross
domestic product growth begins to slow once its debt-to-GDP
ratio reaches at least 90 percent. The research has been cited
by officials in the United States, the European Union and
elsewhere as justification for tackling deficits.

Apr 16, 2013

Seminal paper on debt ratios may have had formula error

NEW YORK (Reuters) – One of the key intellectual touchstones in the move towards government austerity efforts in recent years may have been incorrect in its conclusions due in part to spreadsheet coding errors, researchers said on Tuesday.

A study by eminent Harvard economists Carmen Reinhart and Kenneth Rogoff first presented in 2008 said a country’s gross domestic product growth begins to slow once its debt-to-GDP ratio reaches at least 90 percent.

Feb 12, 2013

Yen reverses fall after G7 comment; stocks up

NEW YORK (Reuters) – The yen rallied on Tuesday, reversing the previous day’s late sell-off against the dollar and euro after an official with the Group of Seven said it is worried about excess moves in the Japanese currency.

World stock markets edged higher, led by European shares. The S&P 500 index held near multi-year highs as investors looked ahead to President Barack Obama’s State of the Union address On Tuesday evening.

Feb 12, 2013

World stocks edge higher

NEW YORK (Reuters) – The yen swung wildly on Tuesday, reversing the previous day’s late sell-off against the dollar and euro after an official with the Group of Seven said it is worried about excess moves in the Japanese currency.

World stock markets edged higher, led by European shares. U.S. indexes were little changed, with the S&P 500 index holding near multi-year highs ahead of President Barack Obama’s State of the Union address.

Feb 12, 2013

Yen soars after G7 comment; shares climb

NEW YORK (Reuters) – The yen swung wildly on Tuesday, reversing the previous day’s late sell-off against the dollar and euro after an official with the Group of Seven said it is worried about excess moves in the Japanese currency.

World stock markets edged higher, led by European shares. U.S. indexes were little changed, with the S&P 500 index holding near multi-year highs ahead of President Barack Obama’s State of the Union address.

    • About David

      "David Gaffen oversees the stocks team, having joined Reuters in May 2009. He spent four years at the Wall Street Journal, where he was the original writer of the web site's MarketBeat blog. He has appeared on Fox Business, CNN International, NPR, and assorted other media and is the author of the forthcoming book "Never Buy Another Stock Again.""
    • Follow David