Market News
Top 10 Most Brand-Loyal Cars
Forbes - 18 Dec 2013 19:09
Keeping existing customers is a hallmark to success in any business - here's a look at the new cars that are top rated at bringing repeat buyers back into automakers' showrooms.
Forbes Earnings Preview: Carnival
Forbes - 18 Dec 2013 23:46
Carnival reports its fourth-quarter earnings on Thursday, December 19, 2013, and the consensus earnings per share estimate is zero cents per share.
Earnings for CarMax Projected to Rise
Forbes - 18 Dec 2013 23:45
Analysts expect higher profit for CarMax when the company reports its third quarter results on Friday, December 20, 2013. The consensus estimate is calling for profit of 48 cents a share, reflecting a rise from 41 cents ...
Banks Lead US Stock Rally After Fed Announces Tapering
Forbes - 18 Dec 2013 23:34Effects of QE - Bernanke's Quantitative Easing
Forbes - 18 Dec 2013 23:34
Bernanke's Federal Reserve Enacted A Policy Of QE: How Has It Affected Oil, Gold, Equities, Emerging Markets And Treasuries?
SAC's Steinberg Found Guilty in Insider Case
Wall Street Journal - 18 Dec 2013 23:25
A jury found SAC portfolio manager Michael Steinberg guilty of insider trading, a verdict legal observers say could help the government in its continuing civil case against the hedge-fund firm's founder, Steven A. Cohen.
Stocks Close at Record Highs as Fed Steps Back
Wall Street Journal - 18 Dec 2013 23:15
U.S. stocks swung higher, the dollar rallied and U.S. Treasurys see-sawed after the Federal Reserve announced it would take a small step toward paring back of its aggressive efforts to support the U.S. economy.
Fed To Trim Monthly Asset Purchases To $75 Billion As Economy Picks Up
Forbes - 18 Dec 2013 23:05
The Federal Reserve announced a $10 billion reduction in its bond-buying program to $75 billion a month.
ConvergEx Units Settle SEC Fraud Charges
Wall Street Journal - 18 Dec 2013 22:58
Three brokerage units of ConvergEx Group have agreed to pay more than $107 million to settle fraud charges from the Securities and Exchange Commission.
Virtu Financial Takes Steps Toward IPO
Wall Street Journal - 18 Dec 2013 22:34
Electronic trading firm Virtu Financial Inc. is gearing up for possible initial public offering next year, and is likely to submit its first confidential regulatory filing within the next couple of months, people familia...
New Jersey Sues Credit Suisse Over RMBS
Wall Street Journal - 18 Dec 2013 22:25
New Jersey filed a lawsuit against Credit Suisse Wednesday, claiming the bank withheld key details about the quality of RMBS sold to investors.
SanDisk's New Drives Provide Scalable Memory Options For Mobile Devices
Forbes - 18 Dec 2013 22:09
This not only diversifies its portfolio in the portable memory segment, but also addresses the issue of limited storage in smartphones and tablets such as iPhones, iPads and even the new Google Nexus 5 that have no expan...
Gold Holds Up Despite Surprise Taper; Small Size, Inflation Ideas Support Gold
Forbes - 18 Dec 2013 22:01
(Kitco News) - U.S. gold futures are holding up so far Wednesday after the U.S. Federal Open Market Committee surprised markets generally by announcing the start of a tapering of its bond-buying program known as quantit...
Fed Taper Not Changing My Economic Forecast
Forbes - 18 Dec 2013 21:56
I recently wrote "Economic Forecast After The Federal Reserve Starts To Taper." Now that the Fed has decided to taper, I am NOT changing my economic forecast.
Gold Rallies Modestly After Fed Announces $10 Billion Tapering
Forbes - 18 Dec 2013 21:53
(Kitco News) - Gold prices were holding modest short-covering and bargain hunting gains in the aftermath of the much-anticipated FOMC statement Wednesday afternoon that did serve up a $10 billion a month-bond buying red...
Long Live The Bernanke Put: FOMC Tapers QE As Fed Balance Sheet Nears $4 Trillion
Forbes - 18 Dec 2013 21:37
Fed Chairman Ben Bernanke finally managed to taper without spooking the market, yet the Fed is still feeding investors' addiction for easy money, and growing its balance sheet, presenting a monumental problem for Janet Y...
Taper Table: Here's The Data Behind The Fed's Decision To Pull Back On Asset Purchase In One Table
IBTimes - 18 Dec 2013 21:35
The Fed said on Wednesday that it would ease back on asset purchases by $10 billion a month, here's the data behind that decision.
Court Clears Distribution to Peregrine Customers
Wall Street Journal - 18 Dec 2013 21:21
A bankruptcy judge said customers of defunct brokerage Peregrine Financial can expect to receive up to $41 million by the year's end.
Taper Time: Here's The Full Federal Reserve Statement On Tapering Asset Purchases
IBTimes - 18 Dec 2013 21:20
The Federal Open Market Committee on Wednesday issued the following statement after a two-day meeting in Washington:
General Electric And A Potential 10-Bagger
Forbes - 18 Dec 2013 21:20
Hilary Joy Kramer, Chief Market Strategist, GameChangerStocks.com
Fed Sets Tapering of Asset Purchases To $75 Billion, From $85 Billion
IBTimes - 18 Dec 2013 21:14
The U.S. Federal Reserve said on Wednesday that it will reduce its monthly open market purchases of financial assets to $75 billion, down from $85 billion previously and it slightly raised its economic growth outlook for...
Easing Rules on Stock From Private Companies
Wall Street Journal - 18 Dec 2013 20:57
Startups and other private companies could raise up to $50 million publicly from investors under relaxed rules proposed by U.S. securities regulators to make it easier for small firms to raise capital.