(Bloomberg) -- The Brazilian state development bank unloaded its voting stake in oil giant Petroleo Brasileiro SA, raking in 22 billion reais ($5.2 billion) as part of a wave of asset sales aimed at reversing years of growing government influence in Latin America’s biggest economy. READ HERE
Stocks ended lower on Friday but well off their worst levels, closing the market's wildest week in recent memory as investors were gripped by recession fears and credit market concerns due to the spre
U.S. stocks, in concert with the global markets, plunged with the S&P 500 posting the worst week since the financial crisis and moving into correction territory—from an all-time high—in the shortest a
On the economic menu for today is the second estimate for fourth quarter GDP, which is expected to be unchanged at 2.1%, while durable goods orders for January are likely to show a 1.5% decrease (vs.