ThinkstockHigh European Unemployment Eurostat reported that unemployment in 17-nation euro area continues to hover at 12%. It is worth remembering that, at the depths of the recession, U.S. joblessness barely topped 10% during the…
ThinkstockThe housing market is showing signs of significant recovery. In January, home prices rose 8.1% from the year before — the most since the recession, according to the S&P/Case-Shiller home price composite index. Similarly,…
courtesy Best Buy Co. Inc.As the first quarter ended, analysts marveled at the best performing stocks in the S&P 500 — Best Buy Co. Inc. (NYSE: BBY), Netflix Inc. (NASDAQ: NFLX) and Hewlett-Packard Co.…
ThinkstockLeaders in Europe and economists and policymakers outside the region got another slug of data that tends to support the argument that austerity has caused nearly irreversible damage in the eurozone. That damage worsens…
ThinkstockNouriel Roubini, who hates all things optimistic, particularly as they relate to the global economy and the financial future of nations, cast a vote for the United States as a potential “beacon of hope.”…
courtesy of AOL, IncGlencore says it will delay its deal to buy Xstrata while China reviews the marriage. (Reuters) NASDAQ OMX Group Inc. (NASDAQ: NDAQ) buys eSpeed for $750 million. (Reuters) Apple Inc. (NASDAQ:…
thinkstockHere are today’s five biggest gaining stocks at closing: Mecox Lane Ltd. (NASDAQ: MCOX) is up 25.6% at $3.34. Security National Financial Corp. (NASDAQ: SNFCA) is up 24.4% at $8.93. North American Palladium Ltd.…
U.S. equity markets opened slightly lower this morning, rose briefly above the break-even line, and then slipped following a weaker-than-expected report on U.S. manufacturing PMI (more coverage here). In Asia, China’s PMI reading fell…
courtesy of AppleApps analytics firm Flurry said today in a blog post that mobile devices known as “phablets” — that is, a device with a screen size larger than 5 inches but smaller than…
ThinkstockThe battle for what was once the integrated oil & gas company Hess Corp. (NYSE: HES) took another turn this morning after the company said it has signed a deal to sell its 90%…
ThinkstockA federal appeals court today denied the appeal from a group of broadcasters including CBS Corp. (NYSE: CBS), The Walt Disney Co. (NYSE: DIS), which owns the ABC television network, News Corp. (NASDAQ: NWS),…
Courtesy Research in Motion Ltd.The latest data from Kantar Worldpanel does not tell us a lot that we didn’t already know. The most popular smartphone platform in the United States for the three months…
ThinkstockThe Institute for Supply Management (ISM) this morning reported that its purchasing managers index (PMI) fell from 54.2 in February to 51.3 in March. The consensus estimate had called for a decline to 54.0.…
ThinkstockThe U.S. Census Bureau reported this morning that construction spending in February rose by 1.2% to an estimated seasonally adjusted annual rate of $885.1 billion from a downwardly revised estimate of $874.8 billion in…
Courtesy of Tesla MotorsTesla Motors Inc. (NASDAQ: TSLA) announced that its most recent quarter would be profitable, and its shares rose 19% to $45, which is above its 52-week high. The electronic car company…