Market News
Dow Jones Industrial Average Soars Nearly 200 Points, Nasdaq Composite Closes At All-Time High
IBTimes - 18 Jun 2015 23:12
U.S. stocks soared Thursday with the Nasdaq composite closing at an all-time high, led by gains in the biotechnology sector. The Dow Jones Industrial Average soared nearly 200 points as the Federal Reserve's cautious app...
See Which 10 Guru Fund Managers Hold Micron Technology
Forbes - 18 Jun 2015 22:47
When hedge fund manager "titans" think alike, investors are wise to pay attention. At Holdings Channel, we have reviewed 4,029 13F filings for the 03/31/2015 reporting period, and noticed that Micron Technology Inc. (NAS...
FitBit Isn't Too Stretched
Wall Street Journal - 18 Jun 2015 22:30
FitBit's valuation leaves the stock some room to run, even after scoring a nice IPO pop.
Euro Resilient Amid Greek Crisis
Wall Street Journal - 18 Jun 2015 22:13
Greece's debt negotiations have taken a heavy toll on stocks and bonds in Europe, but the euro is on the rise.
Will the extra resources to states help kick-start growth?
livemint.com - 18 Jun 2015 21:48
A closer look at the recently announced budgets of 16 states shows that there is little consolidation at the state level
Venezuela Oil Loans Go Awry for China
Wall Street Journal - 18 Jun 2015 21:39
As Venezuela's economy totters, the government-owned China Development Bank is badly on the hook.
Behind Chicago's Rift With Moody's
Wall Street Journal - 18 Jun 2015 21:34
Moody's Investors Service's move last month to downgrade Chicago's credit rating to junk status highlights a tough new stance from the firm. Chicago's mayor has called the move irresponsible; other municipalities are als...
Big Picture Issue, Strategic Missteps Doomed Merger For Applied Materials And Tokyo Electron
Forbes - 18 Jun 2015 21:34
By Reuben Miller
Small Crowds Get Their Day in Investing Sun
Wall Street Journal - 18 Jun 2015 21:28
New SEC rules starting Friday allow small investors to participate in equity crowdfunding, in which startups can raise up to $50 million through online campaigns.
Short-term fluctuations shouldn't detract investors: Taimur Baig
livemint.com - 18 Jun 2015 21:02
Investors will have to be patient and focus on the medium-term markers of growth than look for signs of a short-term turnaround, says Deutsche Bank's Asia chief economist
Modest hike in MSP for FY16 lowers risk of food inflation
livemint.com - 18 Jun 2015 20:41
The damage it would cause via product market distortions and higher inflation would far outweigh the gains, say analysts
Finance Minister Jaitley to U.S. Investors: India Has 'A Lot of Potential' For Gains
Wall Street Journal - 18 Jun 2015 20:38
The message from Indian Finance Minister Arun Jaitley, on the road to woo U.S. investors this week and next, is that his country's economy is revving up, offering them "a lot of potential" for gains.
Thursday Sector Laggards: Energy, Materials
Forbes - 18 Jun 2015 20:32
In afternoon trading on Thursday, Energy stocks are the worst performing sector, showing a 0.1% loss. Within that group, Noble Corp plc (NYSE: NE) and Diamond Offshore Drilling, Inc. (NYSE: DO) are two large stocks that ...
Wall Of Worry Still Stands As Bearish Sentiment Hits 10-Month High In AAII Survey
Forbes - 18 Jun 2015 20:21
Bearish sentiment, expectations that stock prices will fall over the next six months, rose 1.7 percentage points to 34.3%. Pessimism was last higher on August 7, 2014 (38.2%). This week's increase keeps bearish sentiment...
Project Runway: Airport Muni Bonds Strut Their Stuff
Forbes - 18 Jun 2015 20:16
For municipal bond investors, airports have been an opportunity for above average returns.
The Glitter Of Gold In An Age Of Soaring Debt
Forbes - 18 Jun 2015 20:09
Lately we've seen several central banks repatriate more of their gold reserves from foreign vaults, most notably Germany, Austria, France, Switzerland and others. Texas is even in the early stages of creating its own gol...
Nasdaq Composite Breaks All-Time High Set During Dot-com Bubble In 2000
IBTimes - 18 Jun 2015 20:02
U.S. stocks traded sharply higher Thursday, with the Nasdaq composite soaring past its all-time record set during the peak of the dot-com bubble era. The gains were driven by the biotechnology sector, pushing the Nasdaq ...
A Scenario That Could Significantly Dampen TripAdvisor's Price Estimate
Forbes - 18 Jun 2015 19:54
Both the OTA giants have chosen not to display their inventories on the Instant Booking platform. instead, they have chosen to display their inventories on applications that are Instant Booking's direct competitors. And ...
Gap Inc's To Close 175 Gap Stores In An Effort To Boost Its Profitability
Forbes - 18 Jun 2015 19:53
Due to the closure of these stores, the company expects to lose about $300 million in annual sales. It will also post one-time charges of $140 million-$160 million related to lease buy-outs, asset impairments, inventory ...
U.S. Steel Increases Automotive Steel Capacity With Purchase Of AK Steel's Stake In DESCO
Forbes - 18 Jun 2015 19:52
DESCO operates an electrolytic galvanizing facility located in Dearborn, Michigan, which produces sheet steel coated with free zinc or zinc alloy coatings, primarily for use in the automotive industry. The acquisition of...
Daily Dividend Report: ORCL, PCG, SWKS, BXP, EIX, DRI, PNW
Forbes - 18 Jun 2015 19:49
Oracle Corporation (ORCL) declared a quarterly cash dividend of $0.15 per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on July 8, 2015, with a paymen...
Currency Headwinds Dampen Rapid Growth of Oracle's Cloud Business in Q4
Forbes - 18 Jun 2015 19:49
Adverse foreign currency movements hammered Oracle's revenues in the fourth quarter. Consequently, its total revenues contracted by 5% year on year in the fourth quarter, but grew by 3% year on year in constant currency ...