Market News
7 Problems China's Rise To the World's Largest Economy Will Not Solve
IBTimes - 30 Apr 2014 23:31
China may have topped the U.S. as the world's largest economy, at least according to the World Bank, but how does that help the country? Here are 7 problems China faces that its top ranking will not solve:
NBA Owners Likely To Force Sterling To Sell Los Angeles Clippers
IBTimes - 30 Apr 2014 23:31
(Reuters) - The National Basketball Association's 29 team owners will likely vote to force Donald Sterling to sell the Los Angeles Clippers after he was banned for life for racist comments, some of the owners said on Wed...
If You're Wondering How Microsoft Will Make Money On Nokia's Handsets...
Forbes - 30 Apr 2014 21:23
Nobody knows how Microsoft will turn Nokia's struggling handset business around.
RF Micro Jumps On Earnings, Eyes Rocky Future
Forbes - 30 Apr 2014 20:58
Shares of the two components of the new powerhouse are cheaper than those of Apple and Samsung.
US Fed further tapers stimulus programme by $10 billion
livemint.com - 30 Apr 2014 20:36
US economy gaining momentum and fall in jobless claims come on back of trimming in pace of bond purchases
Twitter's Stock Takes Beating Over Slow User Growth
IBTimes - 30 Apr 2014 20:31
Despite huge growth in first-quarter revenue, Twitter's stock dropped 10 percent Tuesday.
Republicans Block Bill To Increase Minimum Wage
IBTimes - 30 Apr 2014 20:31
(Reuters) - U.S. Senate Republicans on Wednesday blocked a top White House legislative priority, a bill to increase the federal minimum wage for the first time in five years. On a largely party-line vote of 54-42, backer...
In Show Of Confidence, Fed To Reduce Bond Buying To $45 Billion Per Month
IBTimes - 30 Apr 2014 20:31
Update 2:00 p.m.: Fed to reduce bond buying to $45 billion per month, split as $20 billion MBS and $25 billion treasuries.
Barrick Gold Profit Plunges 90% On Lower Precious Metal Prices, Currency Hit
Forbes - 30 Apr 2014 20:23
Barrick Mining reported Wednesday that its first quarter profit fell 90% compared to the year-ago period thanks to depressed precious metal prices. Those prices didn't improve any bit on Wednesday, either: the Fed's conf...
Fed Cuts Monthly Asset Purchases To $45 Billion At April Meeting
Forbes - 30 Apr 2014 20:06
During its April meeting the Federal Open Market Committee kept pace, cutting back asset purchases by another $10 billion.
How Have Stocks Performed After New Federal Reserve Chairmen Have Taken Office?
Forbes - 30 Apr 2014 20:06
It has long been held that stocks perform badly in the early months of any Fed chief's term. But is it true?
Alpha Natural Resources Q1 Preview: Thermal Coal In Focus
Forbes - 30 Apr 2014 19:48
We expect the company's losses to widen (on a year-over-year basis) owing to lower met coal pricing, though this could be partially offset by the possibility of better demand for the company's thermal coal in the United ...
Southwest's Profits Rise On Lower Fuel Costs & Gains From Fleet Modernization
Forbes - 30 Apr 2014 19:45
Southwest?s first quarter profits also rose to $152 million, from $59 million in the year ago period, on lower fuel costs and gains from fleet modernization. We figure the solid demand environment for flights in the dome...
Kraft Earnings Preview: Pricing, Cost Pressures Could Mute Earnings Growth
Forbes - 30 Apr 2014 19:42
We expect increased price-based competition in the grocery segment and higher commodity prices to weigh on the company?s earnings growth. However, cost savings from productivity initiatives could partially offset the imp...
Twitter user growth slide drives stock to lowest since Wall Street debut
livemint.com - 30 Apr 2014 19:39
Twitter fell as low as $37.24 a share, the lowest since it started trading, and was down 9.8% to $38.45
Media Networks Will Drive Viacom's Q2 Earnings Higher
Forbes - 30 Apr 2014 19:39
We expect the company to post gains in its media networks business driven by the continued growth in ratings, especially at the Nickelodeon network. Higher ratings should have boosted the advertising revenues for Viacom.
Wednesday 4/30 Insider Buying Report: CINF, NMFC
Forbes - 30 Apr 2014 19:37
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to mak...
Growth In Vehicle Volumes Boost Daimler's Q1 Results, Margins Lower Than Expected
Forbes - 30 Apr 2014 19:36
Going forward, sales momentum from refreshed models and expected incremental sales from new launches could spur further growth for Daimler. Stabilizing European markets, sustained China growth, along with the anticipated...
Wednesday's ETF with Unusual Volume: IWX
Forbes - 30 Apr 2014 19:06
The iShares Russell Top 200 Value ETF (IWX) is seeing unusually high volume in afternoon trading Wednesday, with over 1.2 million shares traded versus three month average volume of about 41,000. Shares of IWX were trad...
Wednesday's ETF Movers: EWD, GXC
Forbes - 30 Apr 2014 19:05
In trading on Wednesday, the iShares MSCI Sweden ETF (EWD) is outperforming other ETFs, up about 1.4% on the day. A component of that ETF showing particular strength includes shares of Sandstorm Gold (SAND), up about 0...
Wednesday Sector Laggards: Music & Electronics Stores, Drugs
Forbes - 30 Apr 2014 19:03
In trading on Wednesday, music & electronics stores shares were relative laggards, down on the day by about 2.1%. Helping drag down the group were shares of Conns (CONN), off about 5.2% and shares of Systemax (SYX) dow...
Wednesday Sector Leaders: Railroads, Paper & Forest Products
Forbes - 30 Apr 2014 19:02
In trading on Wednesday, railroads shares were relative leaders, up on the day by about 1%. Leading the group were shares of Canadian Pacific Railway (CP), up about 2.9% and shares of Guangshen Railway Company (GSH) up...