Market News
IPO Market Heats Up After Slow Start to 2015
Wall Street Journal - 19 Jun 2015 01:37
Investors checking stocks' vitals got a reading from Fitbit's public debut Thursday, as shares surged.
Use REITs to Invest Like a Property Mogul
Wall Street Journal - 19 Jun 2015 19:31
Real-estate investment trusts have taken a hit this year, but they can balance your stock portfolio and generate steady income. Here's how to bet on commercial property.
Friday 6/19 Insider Buying Report: QLTI, CNSI
Forbes - 19 Jun 2015 16:38
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
Uber Readies $2 Billion Credit Line
Wall Street Journal - 19 Jun 2015 23:45
Uber's deal underscores Wall Street's enthusiasm for the ride-sharing company's prospects.
For the Record, I'm Happy/Eager to Help Presidential Candidates from Both Parties
Forbes - 19 Jun 2015 23:03
The New York Times just ran a story suggesting that I might be a good match (as an economics advisor) for one of the Republican Presidential candidates. It's very gratifying that they did so. And it's very nice to have o...
Earnings for Carnival Projected to Rise
Forbes - 19 Jun 2015 23:00
Wall Street is optimistic about Carnival, which is slated to report its second quarter results on Tuesday, June 23, 2015. Analysts project a profit of 15 cents a share, a rise from 10 cents per share a year ago.The conse...
Madoff Trustee, Former Investor Settle Competing Lawsuits
Wall Street Journal - 19 Jun 2015 22:51
One of convicted Ponzi-scheme operator Bernard Madoff's former investors will receive at least $58 million under a new settlement.
Phillips 66 Moves Up In Market Cap Rank, Passing Charles Schwab
Forbes - 19 Jun 2015 22:44
In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, Phillips 66 (NYSE: PSX) has taken over the #111 spot from The Charles Schwab Corporation (NYSE: SCHW), according to...
Watch Out For A Greek Debt Default
Forbes - 19 Jun 2015 22:15
Greece is in a serious debt crisis. Will it be able to escape? Will those holding Greek debt receive their principal payments? Learn more in this article.
Friday Sector Leaders: Services, Healthcare
Forbes - 19 Jun 2015 20:35
In afternoon trading on Friday, Services stocks are the best performing sector, higher by 0.3%. Within that group, Lennar Corp. (NYSE: LEN) and News Corp (NASD: NWSA) are two of the day's stand-outs, showing a gain of 3....
ECB Boosts Aid to Greek Banks as Deposit Flight Mounts
Wall Street Journal - 19 Jun 2015 20:11
The European Central Bank on Friday increased emergency lending for Greek banks as deposit flight mounted amid Greece's political deadlock with its lenders.
Costco's Auto Program: A Unique Approach To Increase Membership
Forbes - 19 Jun 2015 19:44
For most people, shopping at warehouse giant Costco usually means stocking up on groceries in bulk and receiving discounted prices on big-ticket items such as large LCD televisions. What most people don’t associate Cos...
Mercedes-Benz Is Catching Up With Competition In China
Forbes - 19 Jun 2015 19:42
As industry overcapacity, real estate, and infrastructure sector slowdowns, drag down economic activity in China, vehicle sales have also slowed down this year, from the previously seen high growth levels in the world's ...
Could American Airlines Ditch Its Fellow Legacy Carriers For Gulf Partnerships?
Forbes - 19 Jun 2015 19:40
Despite supporting Delta and United in their fight for a level playing field, American Airlines continues to maintain strong ties with Etihad on its US-Gulf flights, Europe-Gulf routes, and services beyond the Gulf. Amer...
Caterpillar's Retail Statistics Reinforce Expected Weakness
Forbes - 19 Jun 2015 19:38
The decline in oil prices has led to a 60% drop in rig counts, since a peak of 1,609 in October. As rig counts have fallen, demand for Caterpillar's construction equipment has also weakened. This is evident from the 14% ...
UBS Sells Alternative Fund Services Business, Will Enhance Focus On Wealth Management
Forbes - 19 Jun 2015 19:36
The move is the latest by the Swiss banking giant towards improving profitability by refocusing its business model around its cornerstone wealth management business. As a part of UBS's Global Asset Management division, t...
Paris Air Show: Boeing Loses Out To Airbus On Total Commercial Orders, Buzz About Upcoming Jet
Forbes - 19 Jun 2015 19:34
This week saw a flurry of activity in the Aerospace industry with the Paris Air Show being held over the week. This week-long bi-annual event is full of impressive displays by aerospace companies across the globe. Compan...
The Oil Industry's Magic Printing Press
Wall Street Journal - 19 Jun 2015 19:30
Exploration and production firms selling shares at a record pace are still somehow beating the sector.
Gap Deserves to Come Off Discount Rack
Wall Street Journal - 19 Jun 2015 19:10
The success of Old Navy is the best evidence that Gap can turn its namesake brand around.
Greece's Banks Teeter as Brinkmanship Prevails
Wall Street Journal - 19 Jun 2015 18:02
Greek banks are running out of money. Daily warnings about deposit flight should be applying pressure to Greece's leaders to end the crisis.
Investors Devour Steak Chain Fogo de Chão: Stock Pops Nearly 30% In IPO
Forbes - 19 Jun 2015 17:41
From Shake Shack to Wingstop, restaurant public offerings have provided some much-needed flavor to what has been one of the quietest periods for IPOs since 2013. Shake Shack surged 130% in its debut in January, and Wings...
The $34 Billion Government Giveaway That's A Hurdle For General Motors Suitors
Forbes - 19 Jun 2015 17:39
There could be a $34 billion problem if Fiat's Sergio Marchionne or any other automaker tries to go after a generally cash heavy and inexpensive General Motors.