U.S. equity markets opened lower this morning and failed to generate any positive traction all day long. Economic data from Europe was mixed, and the European Central Bank said that 19 banks are set…
ThinkstockThe CEO of AMR Corp., parent company of bankrupt American Airlines, won’t be getting a $20 million severance package from the company. A bankruptcy court judge in New York rejected the payment, citing restrictions…
thinkstockThe spot price for WTI crude briefly fell to $90.27 this morning and still trades well below yesterday’s closing price of $93.51. The AAA Daily Fuel Gauge reports that the average U.S. pump price…
courtesy J.C. Penney Co. Inc.A New York Supreme Court justice this morning threw out a claim of unfair competition brought by Macy’s Inc. (NYSE: M) against J.C. Penney Co. Inc. (NYSE: JCP) and Martha…
ThinkstockIf you have been following the coverage of Bitcoin this week, you have seen a frenzy level come about. The reality is that someone is trying to tell you that the value of a…
We have two initial public offerings (IPOs) out today. Both Evertec Inc. (NYSE: EVTC) and Rally Software Development Corp. (NYSE: RALY) have begun trading this morning, and so far both stocks have posted significant…
The Reuters/University of Michigan report on consumer sentiment is out for April. Sentiment took a big hit, falling to 72.3. Bloomberg was expecting a reading of 79.0, and Dow Jones was calling for 79.0…
Courtesy Research in Motion Ltd.Shares of BlackBerry (NASDAQ: BBRY) fell nearly 8% yesterday following a report from an investment research firm that U.S. returns for the company’s Z10 touchscreen smartphone were unusually high. The…
ThinkstockWells Fargo & Co. (NYSE: WFC) reported fiscal first-quarter results before markets opened this morning. The bank reported that quarterly diluted earnings per share (EPS) totaled $0.92 on revenue of $21.3 billion. In the…
ThinkstockWholesale inflation may be on the rise, depending on how you view this. The U.S. Labor Department has released its March Producer Price Index showing that the headline PPI was down 0.6%, while the…
ThinkstockSo far this year, the JPMorgan Alerian MLP Index ETN (NYSEMKT: AMJ) is up 20%, materially better than the S&P 500 and the Dow Jones Industrial Average, which have increased by about 10% and 11%,…
ThinkstockWith the purchase of its third coffee company in less than a year, German consumer products firm Joh. A. Benckiser (JAB) is spending real money to get its arms around both the coffee shop…
Jon OggInvestors and traders are looking for new ideas as the markets challenge new all-time highs to generate income and profits. 24/7 Wall St. reviews many analyst calls and research notes to find great…
ThinkstockAfter Leading the S&P 500 and the energy sector for the past two years, and into the first quarter of this year, the U.S. refining sector hit a rough patch in March. A narrowing…
Wikimedia CommonsJ.P. Morgan Chase & Co. (NYSE: JPM) reported fiscal first-quarter results before markets opened this morning. The investment bank and financial services giant reported quarterly diluted earnings per share (EPS) of $1.59 on…