LONDON — Stock index futures at 7 a.m. EDT indicate that the Dow Jones Industrial Average (INDEXDJX:.DJI) may open up by 0.3% this morning, while the S&P 500 may also open 0.3% higher. European markets moved higher this morning, with banks and natural-resources firms among the gainers. European carmakers such as Volkswagen AG (FRA:VOW) and [...]
By Dean Popplewell: It seems that every time that capital markets start to feel optimistic this so-called U.S. recovery disappoints. Yesterday’s disappointing U.S. data (weekly claims, Philly Fed and housing starts) are renewing the debate over whether tapering Fed bond buying in the second half of this year would be premature. Show More Summary
It's been a while—six years, to be precise—since Bill Gates was dubbed the richest person in the world by Bloomberg. But thanks to an ascendant Microsoft and a dent in Mexican billionaire Carlos Slim's fortune—now $72.1 billion—Gates is again at the top with $72.7...
When it comes to Apple Inc. (NASDAQ:AAPL) overseas business practices, many people often times find it easy to take shots at Cupertino. While the company has caught a lot of heat for a variety of reasons, CEO Tim Cook is serious about letting people know that its tax practices are 100 percent legal. As noted [...]
ByDamir Tokic: Federal Reserve Bank of New York on May 8, released the study: Are Stocks Cheap? Review of Evidence, in which it finds that the current equity premium is at historic high levels. The media have been quick in drawing the conclusion that stocks have never been cheaper. Show More Summary
By Ashraf Eassa: You can't ever really be sure about these types of things, but the recent downgrade from Goldman Sachs (GS) of shares of Advanced Micro Devices (AMD) may be a trap. Anybody following my writings knows that I'm not an...Show More Summary
Back in April, in a letter to its investors, Third Point remarked that it had begun building stakes in Japanese companies. At the time, I speculated that Sony Corporation (ADR) (NYSE:SNE) could be a stock Third Point was buying. That proved to be a prescient call. On Tuesday, Third Point revealed that it holds more [...]
JPMorgan Chase Annual Meeting of Shareholders NEW YORK--(BUSINESS WIRE)-- The JPMorgan Chase & Co. annual meeting of shareholders will be held at its Highland Oaks Campus in Tampa, Florida on Tuesday, May 21, 2013 at 10:00 a.m. (Eastern). A...Show More Summary
Teens and young adults are starting to push back from the kind of advertisers that try to sell them products using emotionally unhealthy advertising.
Can Third Point Steal Sony Entertainment?
By Doug Short: Note from dshort: The charts in this commentary have been updated to include the May Consumer Price Index news release for the April data. The Fed justified a previous round of quantitative easing "to promote a stronger...Show More Summary
Editor’s Note: Related tickers: The Blackstone Group L.P. (NYSE:BX), BMC Software, Inc. (NASDAQ:BMC), Hess Corp. (NYSE:HES), Dell Inc. (NASDAQ:DELL), Mondelez International Inc (NASDAQ:MDLZ), PepsiCo, Inc. (NYSE:PEP), Kraft Foods Group Inc (NASDAQ:KRFT), Berkshire Hathaway Inc. Show More Summary
After markets closed last night, J.C. Penney Co. Inc. (NYSE: JCP) and Nordstrom Inc. (NYSE: JWN) reported quarterly results that did not meet expectations. This morning, before markets opened, Stage Stores Inc. (NYSE: SSI) joined the parade. J.C. Show More Summary
Editor’s Note: Related Tickers: Goldman Sachs Group, Inc. (NYSE:GS), Citigroup Inc. (NYSE:C), J.C. Penney Company, Inc. (NYSE:JCP), Herbalife Ltd. (NYSE:HLF), Elan Corporation, plc (ADR) (NYSE:ELN), Credit Suisse Group AG (ADR) (NYSE:CS),...Show More Summary
Don’t get so wrapped up in work that you forget to stay up with the current events of the business world! Amid all of the chaos, grab a cup of Joe and take a short reading break.
New Google+ Layout: Hangouts, Photos and Stream Reminiscent of Pinterest Google announced a major update to their social network this week that changes the way Hangouts, photos and the Google+ stream are viewed by users. The decidedly Pinterest-esque layout was just one of many announcements this week out of Google I/O, the totality of which [...]
May has been a rather drab month for mortgage REITs, and the entire sector has been in a slump since industry heavy American Capital Agency and its hybrid cousin American Capital Mortgage reported lackluster numbers early on. Then came...Show More Summary
Woo-hoo! The Dow Jones Industrial Average hit an-all time high! How often does that happen? That was the sentiment back in March, and not without reason. It had been more than five years since the Dow peaked, so investors were celebrating. Show More Summary
Pablo Martinez Monsivais/AP By STEPHEN OHLEMACHER WASHINGTON -- President Barack Obama picked a senior White House budget official to become the acting head of the Internal Revenue Service on Thursday, the same day another top official...Show More Summary
Gold fell for a seventh straight session - its longest losing streak in four years. ||| London - Gold fell for a seventh straight session on Friday, its longest losing streak in four years, after comments from a Federal Reserve official that the bank may soon rein in monetary easing lifted the dollar. Show More Summary