thinkstockThe stock market is supposed to fall after reaching nearly all-time highs, because $85 billion in budget cuts have begun. But these will not move the stock market down, at least not for months. Too…
courtesy of NetflixChina’s PMI slips to a slow 50.1 in February, a signal of slacking demand for manufactured goods. (Reuters) Groupon Inc. (NASDAQ: GRPN) fires its CEO after poor financial performance. (Reuters) Americans added…
ThinkstockSince the start of the year, gasoline prices have risen by more than 49 cents — the biggest increase in the first two months of any year on record. The current national price, which…
courtesy of Groupon Inc.Most analysts believed that it was only a matter of time before Groupon Inc. (NASDAQ: GRPN) CEO Andrew Mason lost his job. He controlled enough of the company’s shares (19.5% of…
U.S. equity markets opened mixed this morning as the federal budget sequester appears to be set to go into effect tomorrow. Global data releases were also mixed. In Europe, the consumer price index came…
Courtesy Herbalife Ltd.Trading was halted briefly this afternoon in shares of nutrition and weight-control firm Herbalife Ltd. (NYSE: HLF) before the company announced that it had reached an agreement with activist investor Carl Icahn…
Mayor Dave Bing of Detroit has told a press conference today that Michigan Governor Rick Snyder will announce tomorrow his decision on hiring an emergency financial manager for the city. Bing did not say…
courtesy of Apple Inc.The free educational content at iTunes U has hit the 1 billion download mark according to Apple Inc. (NASDAQ: AAPL). iTunes U went live in 2007 and got its own online…
courtesy Best Buy Co. Inc.We’ll know at midnight tonight whether or not Best Buy Co. Inc. (NYSE: BBY) founder Richard Schulze has put together an offer for the company he once ran and from…
SmartBalanceBoulder Brands, Inc. (NASDAQ: BDBD) was the top winner of our daily “Market Winners and Losers” earlier today as the stock was up 16%. That was at 10:48. Now shortly after 1:00 PM EST we…
Thinkstock24/7 Wall St. has always wondered about the confusing universe of biotech exchange-traded funds (ETFs). Biotech stocks can rise or fall regardless of the market direction, and the sector performed very well in 2012…
ThinkstockThe second half of last year was supposed to bring some improvement in server sales following a first half during which customers were sitting on their wallets waiting for new products. The improvement, when…
ThinkstockIn the month of January, 61,000 U.S. homes were foreclosed, more than a revised total of 56,000 in December and down from 75,000 in January 2012, according to research firm CoreLogic Inc. (NYSE: CLGX).…
ThinkstockThe Federal Reserve Bank of Kansas City is often overlooked by economists and investors as being important in the national economic barometers. That might not be the case this year as Fed President Esther…
24/7 Wall St. is a big fan of companies that continually raise their dividends. We recently highlighted that industry leaders Exxon Mobil Corp. (NYSE: XOM) and Chevron Corp. (NYSE: CVX) would be raising their dividends very…