Bloomberg reported this morning that, for the first time, the value of transactions in exchange-traded funds (ETFs) that track the Standard & Poor’s 500 Index is set to surpass the ... Read Full Story »
Following an end-of-week rally last week, the DJIA has picked up where it left off and is up about 100 points just before noon today. The NASDAQ and S&P 500 ... Read Full Story »
The price of crude oil has responded quickly to the news that an agreement on the US debt ceiling has been reached. Though the deal still needs final votes for ... Read Full Story »
As the debate continues over raising the US debt ceiling, market reaction has been reasonably muted, most likely because in the entire history of the US no such occasion has ... Read Full Story »
As an industry, the oil field services sector is doing very well. Its P/E ratio for the trailing twelve months is 36 and its price/book ratio is 6.0. With a ... Read Full Story »
Gold prices set a record high above $1,624/ounce in foreign trading this morning, and is remaining quite solid, trading above $1,617/ounce at around mid-day. Silver posted a solid gain this ... Read Full Story »
Earnings from global leader First Solar Inc. (NASDAQ: FSLR) are due tomorrow, and while EPS estimates for the company have fallen from just over $2/share to $0.92/share in the past ... Read Full Story »
Throughout July stock mutual fund capital outflows have continued the pattern established in June, when $18 billion in outflows was logged. Worries over Europe's debt troubles and the threat of ... Read Full Story »
Since posting a high over $49.50 in late April, silver has been treading water at around $35/ounce. But there are several analysts who believe that the devil's metal is looking ... Read Full Story »
The headline grabber in the telecommunications sector is the pending $39 billion acquisition of Deutsche Telekom's T-Mobile by AT&T. The deal is running into opposition in Congress from both Republicans ... Read Full Story »
Republican members of the US House of Representatives have passed the so-called "cut, cap, and balance" bill that would reduce federal expenditures, cap future spending, and introduce a balanced budget ... Read Full Story »
There are plenty of questions about the technology sector this summer. Two important earnings reports, from Google and IBM, have come out so far and both were better than expectations. ... Read Full Story »
Estimates of the amount of Chinese bank lending total nearly $7.5 trillion. Of that total about 30%, or $2.2 trillion, has been lent through a central government program that puts ... Read Full Story »
At the end of 2010, US ETFs held assets of $1.005 trillion. By the end of 2015 that number will more than double to $2.091 trillion. That's a compound annual ... Read Full Story »
Today's announcement by ConocoPhillips Corp. (NYSE: COP) that it would spin off its refining and marketing business has pushed the company's share price up nearly 8% at the opening bell. ... Read Full Story »