Stocks recover amid Europe uncertainty
NEW YORK (CNNMoney) — U.S. stocks recovered Monday afternoon from modest losses earlier in the day as investors considered the implications of leadership changes in France and Greece. With less than two hours remaining in the trading day, the Dow Jones industrial average (INDU) was up 5 points, while the S&P 500 (SPX) added 4 [...]
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Stocks close out a strong week
NEW YORK (CNNMoney) — U.S. stocks moved higher Friday, capping a weekly gain, as upbeat corporate results outweighed a weaker-than-expected report on first-quarter economic growth. The Dow Jones industrial average (INDU) rose 28 points, or 0.2%, to end at 13,228. Procter & Gamble (PG, Fortune 500) was the biggest drag on the Dow after the [...]
Read MoreInsiders are selling. Should you?
NEW YORK (CNNMoney) — First quarter earnings have been decent, if not spectacular. And many corporate executives are issuing cautiously optimistic guidance for the rest of the year. But while insiders’ lips are saying one thing, their wallets are saying another. The level of insider selling among S&P 500 (SPX) companies is the highest in [...]
Read MoreAmazon e-book prices: Good news … for now
NEW YORK (CNNMoney) — When the Justice Department filed suit against Apple and five major book publishers alleging e-book price fixing, the government hawked it as a triumph for consumers. The other champ, of course, was Amazon — which called the legal action “a big win for Kindle owners.” The book giant also said it [...]
Read MoreApple literally does rule the world
NEW YORK (CNNMoney) — If you are waiting for the Apple “bubble” to pop, you might be doing so for a very long time. Apple defied the skeptics Tuesday, blowing away earnings and sales forecasts. Shares of Apple surged 9% Wednesday and are now back to within about 5% of their all-time high. I think the [...]
Read MoreRoller Coaster Ride For 2-Year CD Rates
Although we’ve had three leader changes in the 24-month term in the past couple of weeks, CD rates have managed to end up almost exactly where they started. (Kudos to those of you who were able to take advantage of AloStar Bank of Commerce’s short-lived anniversary special of 1.40% APY.) KeySource Commercial Bank (www.keysourcebank.com), now offers the [...]
Read MoreBest deals on stocks & bonds
(Money Magazine) — It’s getting tough to find a bargain these days and the stock market isn’t cheap. But there’s value to be found in the markets, if you tilt your game plan toward equities. To assess the relative value of stocks and bonds, experts look at the earnings yield on stocks (that is, earnings [...]
Read MoreWhat’s next for LivingSocial
The daily deals firm thought it’d be pulling in $1 billion a year by now. The truth is far different. Here’s what management is banking on now. Few remember LivingSocial as anything but a deals site. But when CEO Tim O’Shaughnessy co-founded it with three colleagues from Revolution Health four years ago, deals were [...]
Read MoreHigh Gas Prices Won’t Stop Americans From Eating Out
Doomsayers have pointed to high gas prices destroying consumer sentiment, crushing consumer spending, and ultimately ending the American economic recovery. However, this fear has largely been debunked as we’re learning more and more that the rate of increase is more important than just the level of gas prices. Bank of America’s restaurant analyst Joseph Buckley reiterates this same sentiment in [...]
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