Spencer Platt/Getty ImagesJob seekers attend a job fair at the Brown Memorial Baptist Church in Clinton Hill, Brooklyn. By Jonathan Spicer and Jason Lange NEW YORK and RICHMOND, Va. -- The latest U.S. jobs report wasn't definitivelyShow More Summary
Here are some things going on in your world of tech: In Apple (AAPL) news, the European Union Court of Justice will likely censure Ireland for its tax battle with the firm, Bloomberg reports, citing sources close to the situation—who also say Ireland won’t give up without a fight. Apple is planning to introduce a […]
Global real narrow money continued to slow in July, suggesting dimming prospects for economic growth next spring, allowing for the usual lead. Six-month growth of real (i.e. consumer price-adjusted) narrow money in the G7 and emerging E7 economies is back at its level in late 2014, having peaked in February – see first chart. Show More Summary
An acquisition and a proof of life all rolled into one!
Book list: 15 books for the Fall including The Girl in the Spider’s Web by David Lagercrantz. (WSJ)
Einstein called it "the most powerful force in the universe." But you don't need to be Einstein to understand why it's has also been called an investor's best friend -- or to see
BlackBerry (BBRY) is bucking the market’s downward slide after it announced it will buy Good Technology for $425 million in cash. The acquisition is BlackBerry’s latest push to market mobile security software to enterprise and government customers. Closely held Good Technology was a BlackBerry rival in this area, as its software allows for the management […]
Shutterstock From a consumer tech giant showing off its latest gadgetry to an upscale retailer of yoga clothes hoping to regain its inner peace, here are some of the things that will help shape the week ahead on Wall Street. Monday --...Show More Summary
There’s some good news from Facebook (FB) acquisitions WhatsApp and Instagram out Friday. WhatsApp CEO Jan Koum posted on his Facebook feed today that WhatsApp now has 900 million active users. This comes just over a week after Facebook said it reached the milestone of one billion users logging on in a single day. Facebook […]
And here’s yet another take on Apple’s (AAPL) event next week. While Wells Fargo believes that expectations are too low for the Apple event, RBC Capital Markets’ Amit Daryanani and his team are out today saying that the event will be a “positive catalyst for Apple stock.” They write that improved clarity around Apple’s new […]
NYSE Composite Index: Volume Running 12.9% Below 100-day average 0 Sectors Rising, 10 Sectors Declining 20.5% of Issues Advancing, 77.3% Declining 5 New 52-Week Highs, 76 New Lows 22.4% of Issues Above 200-day Moving Average Average 14-Day RSI 36.5 Vix 27.3 Total Put/Call 1.53 TRIN/Arms 2.55
JPMorgan’s Sandeep Deshpande and his team upgraded Infineon Technologies (IFNNY) from Neutral to Overweight Friday, writing that with the stock already reflecting cuts to 2016 estimates associated with emerging markets turmoil there’s...Show More Summary
Fridays are all about podcast links here at Abnormal Returns. You can check out last week’s links including a look Why Americans...
Who owns a company? Speech by Mr Andrew G Haldane, Executive Director and Chief Economist of the Bank of England, at the University of Edinburgh Corporate Finance Conference, Edinburgh BIS central bankers’ speeches, 22 May 2015 I would like to thank Jeremy Franklin, Conor Macmanus, Jennifer Nemeth, Ben Norman, Peter Richardson, Orlando Fernandez Ruiz, John...Read More
After the close Thursday, Amazon (AMZN) announced it had acquired media processing company Elemental Technology for $500 million. Elemental enables media producers to convert their content to accommodate multiple screen sizes and file formats. Show More Summary
Apple (AAPL) will hold a highly anticipated event next week, at which it’s expected to introduce new versions of its products including an Apple TV that could double as a gaming console. While Oppenheimer warns that investors shouldn’t expect to be thrilled by Apple’s event, Wells Fargo thinks that expectations are too low. Analyst Maynard […]