ThinkstockJumei International Holding Ltd. (NYSE: JMEI) operates China’s leading online beauty products site, Jumei.com. The company priced its initial public offering of 11.14 million shares at $22 a share on Thursday, above the expected…
The National Highway Traffic Safety Administration began assessing a fine of $7,000 a day against the GM for failing to meet an April 3 deadline to respond to questions related to its investigation.
ThinkstockActivist investor Carl Icahn has made some changes to his portfolio of equities in the latest 13F filing with the U.S. Securities and Exchange Commission. While there are many positions in there, there were…
ThinkstockThe market has a nearly live reading on consumer sentiment and confidence. The Reuters/University of Michigan reading on consumer sentiment is out. This is a preliminary reading for the month of May rather than…
courtesy of Whole Foods MarketInflation always seems like a dirty word we don’t want to talk about. In reality, the Federal Reserve is praying for some, and there are sectors that actually benefit from…
Wikimedia CommonsTrueCar Inc. priced its initial public offering (IPO) of 7.8 million shares at $9 a share Thursday evening, well below the expected range of $12 to $14 per share. The lower price gives…
ThinkstockThe U.S. Census Bureau and the Department of Housing and Urban Development reported Wednesday morning that new housing starts in April rose to a seasonally adjusted annual rate of 1.07 million, an increase of…
These are the top Wall Street analyst upgrades, downgrades and initiations for Friday, May 16, 2014. They include J.C. Penney, Micron, Twitter, NBG and SanDisk.
courtesy of Sony Corp.With all the electronic gadgets people can own these days, one might think that U.S. demand for electricity would be going through the roof. Actually demand growth for electricity was only…
ThinkstockThe conference season is starting to get into full swing, and for the top biotech stocks, that means an appearance at the American Society of Clinical Oncology yearly conference. Many of the top names…
courtesy of WynnResorts.comThe stock market looks wobbly and that may be starting to make many investors nervous. While in the short-term we may be looking at a correction, the long-term prospects for the equity…
In all the years we have covered the Buffett holdings each and every quarter, we have finally seen Team Buffett make a serious acquisition of a telecom stock: Verizon Communications.
ThinkstockFor a bull market to stay alive, you have to have participation from the financial sector. Warren Buffett of Berkshire Hathaway Inc. (NYSE: BRK-A) has been a financial stock buyer for many years. In…
Canadian Solar reported mixed first-quarter 2014 results before markets opened Friday morning. The company said it is counting heavily on its project pipeline in Japan.
ThinkstockThe federal government keeps a “Drought Monitor” for every state. Thursday, California’s water problems became so bad that the entire state was categorized as having “severe drought” — or worse. Portions of the state had…