Citigroup Inc. to release third quarter results; loan losses, restructuring in questionCHARLOTTE, N.C. — Citigroup Inc. reports results for its third quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period. Worries about sustained consumer spending persist despite surprising retail sales in SeptemberWASHINGTON — Retail sales outside of autos showed surprising strength in September, but economists worry the rebound in all-important consumer spending will be short-lived as American families contend with rising unemployment and tight credit. DJ comeback: Stock market’s best-known barometer closes above 10,000 for 1st time in a yearNEW YORK — When the Dow Jones industrial average first passed 10,000, traders tossed commemorative caps and uncorked champagne. This time around, the feeling was more like relief. Treasurys fall as upbeat earnings from Intel, JPMorgan push Dow Jones industrials past 10,000NEW YORK — Treasurys tumbled on Wednesday as solid earnings reports from two bellwether companies sent stocks soaring. DJ comeback: Stock market’s best-known barometer passes 10,000 for 1st time in a yearNEW YORK — The Dow Jones industrial average is back above 10,000 for the first time in a year. The Wall Street Journal surpasses USA Today as top-selling US dailyNEW YORK — The Wall Street Journal has surpassed USA Today as the top-selling daily newspaper in the United States. JPMorgan earns $3.6 billion in 3rd quarter, but warns loan losses to remain elevatedNEW YORK — JPMorgan Chase & Co. reported strong third-quarter earnings Wednesday as its thriving investment banking business more than offset rising loan losses that the bank warned would continue for the foreseeable future. Asian stock markets extend gains amid renewed faith in global recovery; Europe little changedHONG KONG — Asian stock markets and oil prices extended their advance Wednesday amid renewed faith a recovery in the global economy was sustainable. European shares were little changed. Stock futures remain weak after mixed personal income, weekly jobs dataThe stock market headed toward a lower open Thursday after two government reports suggested the economy is still poised for a slow recovery. Stocks reverse early gains after disappointing reading on consumer confidenceNEW YORK — Stocks have reversed early gains and are falling on a report showing Americans are still downbeat on the economy. World markets power ahead as better US economic data boost optimism; dollar remains weakHONG KONG — World stock markets rose Wednesday, lifted by better news about the U.S. economy and comments from the Federal Reserve’s chairman that the recession was likely over. World stocks advance amid hopes for China economy, US job market; dollar continues to slideHONG KONG — World stock markets pushed higher Friday as stronger-than-expected data about China’s economy and the U.S. job market added to optimism about the global recovery. European, Asian markets advance after G-20 countries commit to keeping stimulus in placeLONDON — European and Asian stocks rose Monday after finance officials from 20 rich and developing countries pledged to keep in place their massive stimulus programs to prop up the global economy. World stocks slide after US sell-off amid financial fears; Europe down after Athens bomb blastHONG KONG — World stock markets pulled back Wednesday, sending Japan’s benchmark down over 2 percent, after an overnight sell-off on Wall Street amid resurgent fears about the U.S. financial sector. NYC judge rules that race lawsuit brought by former WSJ assistant managing editor can proceedNEW YORK — A judge in New York City has ruled that a discrimination lawsuit brought against Dow Jones & Co. by a former assistant managing editor at The Wall Street Journal can go to trial. Commodities sink as investors rethink prospects for strong economic recoveryNEW YORK — Commodities prices sank across the board Monday as investors sought safer assets on fears that consumers’ reluctance to spend is will stymie the economic recovery. European stocks fall as investors await US jobs report, financials fall on RBS earnsLONDON — European markets fell Friday as investors awaited a key report on U.S. job losses and financial stocks pulled indexes down after the Royal Bank of Scotland reported a bigger first-half loss and issued a subdued outlook. Asian markets narrowly mixed as China falls amid worries over tighter monetary controlsSEOUL, South Korea — Asian stocks were narrowly mixed Thursday after weak economic data sent Wall Street lower, while worries about tighter monetary policy dragged China shares down more than 2 percent. Stock futures flat as investors await the next batch of economic data, Friday’s jobs reportNEW YORK — U.S. stock futures are little changed Tuesday, a day after major indexes reached their highest levels in a year. Oil falls near $71 in afternoon European trade after rally on signs of improving US economyOil prices fell to just above $71 a barrel Tuesday, as investors booked profits after a big rally fueled by signs of economic recovery in the U.S. Banks cut borrowing to $33.7 billion from Fed’s emergency program, sign credit stress easingWASHINGTON — Banks trimmed borrowing from the Federal Reserve’s emergency lending facility over the past week and cut back on other programs designed to ease the financial crisis, a sign that some credit problems are easing. Existing home sales rise 3.6 percent in June in third straight monthly increaseWASHINGTON — The U.S. housing market has started to recover from the most far-reaching crisis since the Great Depression, data released Thursday shows. Stocks pare early losses and trade mixed after latest round of earnings reportsNEW YORK — Mixed earnings reports have investors stepping back after sending stocks higher for four straight days. Government draws line in sand on bailouts, refuses to rescue troubled lender CIT GroupWASHINGTON — The Obama administration drew a line in the sand on financial bailouts Wednesday by denying emergency aid to CIT Group Inc., a struggling commercial lender on the brink of bankruptcy. World stock gains tempered by US inflation concerns despite strong Goldman Sachs earningsLONDON — European and U.S. stock markets rose modestly Tuesday after investment bank Goldman Sachs Group Inc. duly delivered strong second-quarter earnings. However, a surprisingly large spike in U.S. wholesale price inflation tempered much of the euphoria. Stocks slide ahead of earnings rush; Banks get a lift from analyst upgradeNEW YORK — Investors are waiting for corporate earnings reports to arrive before they push into stocks. Asian stocks extend losses amid economic jitters, Japan political uncertainty; Europe flatHONG KONG — Asian markets extended their slide Monday as hopes for a strong economic turnaround continued to fade amid new political uncertainty in Japan and worries over earnings results from major U.S. companies. European markets were little changed in early trade. Stocks edge higher after Alcoa earnings, jobless claims numbers come in better than expectedNEW YORK — Investors are cautiously moving back into stocks after being reassured by better earnings from Alcoa Inc. and a decline in claims for jobless benefits. Sensex ends flat in volatile trade (Roundup)MUMBAI - Indian equities markets traded on a highly volatile note Thursday, with a key index fluctuating in a 236 point range before closing flat. It fell sharply towards the closing bell to end trade 11.69 points in the red. Stocks open lower as global markets slump, investors worry about recession, await earningsNEW YORK — Investors retreated again Monday as investors around the world grow pessimistic about how quickly the economy’s can recover. |