The latest news and events driving markets around the world, supplied by Marketwatch and Reuters.
Please remember that the ideas and conclusions in this section do not necessarily reflect the views of Fidelity’s portfolio managers or analysts. They are for general interest only and should not be taken as investment advice or as an invitation to purchase or sell any specific security.
- Credit Suisse Group AG and Barclays Plc (BCS.NaE) are in mortgage-settlement talks with the U.S. Department of Justice, Bloomberg reported, citing sources. A Credit Suisse deal could be announced within several weeks, a source familiar with the matter told Bloomberg. Credit Suisse declined to comment on the report.
By Sara Sjolin and Victor Reklaitis, MarketWatch. Pound slides back below $1.30. U.K. stocks rose for the first time in four sessions on Wednesday, with oil companies rebounding amid a highly anticipated OPEC meeting in Algeria.
By Sara Sjolin and Victor Reklaitis, MarketWatch. Embattled German bank to sell insurance unit amid bailout buzz. European stocks closed with firm gains on Wednesday, as a rally for embattled Deutsche Bank AG sparked a banking- sector recovery, while oil companies rose amid of a closely watched OPEC meeting in Algeria.
Buying in bulk isn't as attractive as it used to be--at least when it comes to Costco Wholesale Corp.' s stock. The warehouse retailer's shares are essentially unchanged over the past 18 months, its longest period of stagnation since the financial crisis. Lackluster sales growth, slowing foot traffic and a late-to-the-game push into e-commerce have hurt results.
Oil prices also weigh on stocks. Stocks in Japan led declines across the region, dragged by weak oil prices and jitters about the health of the nation's banks. The Nikkei Stock Average closed Wednesday down 1.3%, with energy, banking and export sectors leading losses.
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