At $500 billion, Apple is worth more than Poland
NEW YORK (CNNMoney) — Apple’s stock market value topped the $500 billion mark in early trading Wednesday, another record high for what was already the world’s most valuable company. The half-trillion dollar valuation puts Apple in some extremely exclusive territory, making it one of the five most-valuable companies at any point in history. Only [...]
Read More‘The Artist’ of currencies: The euro’s silent rise
NEW YORK (CNNMoney) — The euro is “The Artist” of currencies. It’s winning raves and is the feel-good hit of the season! Don’t laugh, but the euro has quietly (get it?) enjoyed a nice bounce in the past few weeks. It’s up about 6% versus the dollar since mid-January. But like “The Artist,” the [...]
Read More3 of 4 GOP candidates would add to deficits
NEW YORK (CNNMoney) — Newt Gingrich’s economic plan would do a lot of things. But reducing the debt and balancing the federal budget aren’t among them. Same goes for Rick Santorum’s and Mitt Romney’s economic plans. Indeed, a preliminary analysis by the independent Committee for a Responsible Federal Budget released Thursday estimates that the [...]
Read MoreOil prices and Greece threaten stock rally
NEW YORK (CNNMoney) — Can the market sustain its rally, or will prospects of a Greek default shatter investors’ risk appetite? The Dow Jones Industrial Average (INDU) closed at its highest level since 2008 Friday. For the year, the Dow is up almost 6%, and the S&P 500 (SPX) is up more than 8%. The Nasdaq (COMP) [...]
Read MoreObama Tells Students Of Plans To Ease Loan Burden
DENVER (Reuters) – President Barack Obama vowed on Wednesday to take steps to ease the burden of student loans, potentially helping cash-strapped college graduates in a tough U.S. economy. “I want America to have the most highly skilled workers doing the most advanced work. I want us to win the future,” Obama told an audience [...]
Read MoreObama tells students of plans to ease loan burden
DENVER (Reuters) – President Barack Obama vowed on Wednesday to take steps to ease the burden of student loans, potentially helping cash-strapped college graduates in a tough U.S. economy. “I want America to have the most highly skilled workers doing the most advanced work. I want us to win the future,” Obama told an audience [...]
Read MoreDrought so far cost Texas farms record $5.2 billion
LUBBOCK, Texas — The blistering drought in Texas has caused an estimated $5.2 billion in crop and livestock losses so far this agricultural season, a record figure likely to rise further, state officials said Wednesday. Only on msnbc.com ‘Independent’ super PAC heavily backs Rick Perry Price-gougers hike drug costs during shortage Who has most debt? [...]
Read More$50 Billion Goes to Money Market Funds
By: Richard Milne & Robin Wigglesworth, Financial Times One of the most volatile weeks in market history sparked a bigger flight to safety than the collapse of Lehman Brothers as global investors parked a record $50 billion in money market funds this week, yanking money out of bonds and shares. Money markets attracted net inflows [...]
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