Home Sales Pick Up in May
ThinkstockThe National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in May rose 4.2% to 5.18 million from an unrevised total of 4.97 million in April. Sales…
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Year: 2013
All Year: 2013 Articles
Newest first · Page 215iShares Launches New Colombia ETF: iShares MSCI Colombia Capped ETF
Emerging markets have been under fire, but the financial markets have to plan for the day when markets are stable and things are normal again. Now exchange traded fund (ETF) investors have yet another…
The Market Flush: When Nothing Works and There Is Nowhere to Hide
Photo by Spencer Platt/Getty ImagesThere is something that is rare in the financial markets, but it does happen from time to time. It is called The Market Flush, and it essentially is exactly what…
Gold Becomes Uglier Than a Hatful of Fingers
ThinkstockGold futures are down about 6% this morning to around $1,293 an ounce as most investors interpreted Fed Chairman Ben Bernanke’s remarks yesterday to mean that the Fed is about to take away the…
HSBC Cuts 2013-14 China GDP Forecast: Is Global Growth Downgrade Next?
ThinkstockIf China is truly the world’s growth engine, there is about to be less growth and less reason to be optimistic about the global recovery. HSBC has trimmed its gross domestic product forecasts for…
Kroger Company Earnings Lead to Better Outlook
ThinkstockThe Kroger Co. (NYSE: KR) reported first-quarter 2013 results before markets opened this morning. The grocery chain reported quarterly diluted earnings per share (EPS) of $0.92 on revenues of $30 billion. In the same…
Weekly Jobless Claims Headed the Wrong Direction, Compared to Bernanke Fears
Ed Brown, via Wikimedia CommonsThe U.S. Labor Department is showing that weekly jobless claims are headed in the wrong direction. Just a day after Fed Chairman Ben Bernanke was interpreted as cutting off the…
3D Printer Company Stratasys Acquiring MakerBot
ThinkstockStratasys Ltd. (NASDAQ: SSYS) announced last night that it would acquire privately held desktop 3D printer firm MakerBot. Stratasys will issue about 4.76 million new shares in exchange for 100% of MakerBot, valuing the…
Jefferies to Investors: Stick With Value Natural Gas Stocks
ThinkstockReasons to be optimistic on continued rising natural gas pricing may be fading. Last year, hot summer temperatures boosted power demand and held up gas prices. This year, temperatures could be much milder and…
Top 10 Analyst Upgrades and Downgrades: FedEx, HP, Sprint, Walmart and More
These are the top analyst upgrades, downgrades and initiations from select Wall Street research calls on Thursday, June 20, 2013. They include FedEx, HP, Sprint and Walmart.
China’s Interbank Lending Rates Soar as Confidence Erodes
ThinkstockThe Chinese equivalent of Libor is Shibor, the Shanghai Interbank Offered Rate, and since April the Shibor has soared from less than 3% to as high as 15% before settling back to just under…
UBS Retail Stocks to Buy, Focus Is Online Sales Leaders
ThinkstockThe two main reasons people argue for online sales tax is they say that it is unfair to the bricks-and-mortar companies, and it will raise more tax revenue. In the view of UBS A.G.…
Analysts Duel over Alcatel-Lucent Turnaround as Stock Seeks New 52-Week High
ThinkstockIt has been a very long time since anything really good happened at Alcatel-Lucent S.A. (NYSE: ALU). Now the company is planning another round of layoffs and another round of trimming down units to…
SandRidge Energy Keeps Its Promise, Fires CEO
ThinkstockAfter markets closed last night, the board of directors of SandRidge Energy Inc. (NYSE: SD) announced that its CFO and president, James Bennett, had been named CEO. Founder, former chairman, and former CEO Tom…
A Major Setback for Fiat in J.D. Power Survey
Courtesy Chrysler Group LLCFiat took control of Chrysler to get a major presence and sales in the U.S. market. It also hoped the deal would give it a beachhead for its primary brand. That…