ThinkstockThe Thomson Reuters/University of Michigan consumer sentiment index took a surprising nosedive in March, falling from a final February reading of 77.6 to a preliminary March reading of 71.8, the lowest since December of…
ThinkstockThe Federal Reserve reported this morning that U.S. industrial production rose 0.7% month-over-month in February, following a flat reading in January. The total index rose to 99.5, up from a revised 98.8 in January.…
ThinkstockThe Federal Reserve Bank of New York’s Empire State manufacturing index fell slightly in March, from a February reading of 10 to a new reading of 9.2. Any number above zero indicates expansion. This…
Ed Brown, via Wikimedia CommonsThe U.S. Labor Department this morning reported that the Consumer Price Index (CPI) for February rose 0.7%, led by a 9.1% spike in gasoline prices. CPI is up 2% over…
Brian Katt / Wikimedia Commons / GNU Free Documentation LicenseThe annual stress tests on the biggest U.S. banks produced a few surprises when the results were announced last night. The capital plans submitted by…
ThinkstockOnce an investor’s darling, Molycorp Inc. (NYSE: MCP) has not aged well. The rare earths miner’s shares hit a post-IPO high of around $75 a share in April 2011, but the decline since then…
thinkstockHere are today’s five biggest gaining stocks at closing: ARCA biopharma Inc. (NASDAQ: ABIO) is up 44.4% at $3.32. Silver Spring Network Inc. (NYSE: SSNI) is up 29.4% at $22.00. Quicksilver Resources Inc. (NYSE:…
U.S. equity markets opened higher this morning following a better-than-expected report on new jobless benefits claims in the U.S. and a mostly inline report on producer prices (more coverage here). In Europe, eurozone unemployment…
ThinkstockIn a patent infringement case similar to the one it won against Apple Inc. (NASDAQ: AAPL), a jury has been unable to reach a verdict in lawsuit brought by patent licensing firm VirnetX Holding…
ThinkstockThe U.S. Department of the Treasury auctioned $13 billion in 30-year bonds today at an average yield of 3.248%, the highest yield in a year. Yields on 10-year notes rose 3 basis points following…
ThinkstockIn a filing with the U.S. Securities and Exchange Commission (SEC) today, investor Kirk Kerkorian’s Tracinda Corp. indicated that it may boost its stake in MGM Resorts International Inc. (NYSE: MGM) from its current…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks declined by 145 billion cubic feet last week, slightly more than the decline of 134 billion cubic feet anticipated by analysts.…
Courtesy Herbalife Ltd.William Ackman and Pershing Square Capital Management have released another presentation backing Ackman’s claim that Herbalife Ltd. (NYSE: HLF) is indeed a pyramid scheme. This time Ackman compares Herbalife to Fortune Hi-Tech…
ThinkstockAdd China’s ENN Group Co. to the rather short list of companies rolling out a network of natural gas fueling stations along U.S. highways. Clean Energy Fuels Corp. (NASDAQ: CLNE) and Royal Dutch Shell…
thinkstockChinese solar panel maker Suntech Power Holdings Co. Ltd. (NYSE: STP) announced earlier this week that it will close its plant in Arizona on April 3, costing 43 employees their jobs. The cost to…
ThinkstockThe U.S. Commodities Futures Trading Commission (CFTC) is examining the manner in which physical gold prices are fixed, with an eye toward whether or not the fixing is transparent. The automatic answer is, “Of…
ThinkstockLate yesterday afternoon, the board of directors of SandRidge Energy Inc. (NYSE: SD) essentially caved in to demands from TPG-Axon Group and agreed to add four new directors named by the hedge fund to…
thinkstockHere are today’s five biggest gaining stocks at closing: Superconductor Technologies Inc. (NASDAQ: SCON) is up 70.4% at $3.86. MakeMusic Inc. (NASDAQ: MMUS) is up 31.1% at $4.85. Silver Spring Network Inc. (NYSE: SSNI)…
U.S. equity markets opened slightly lower this morning following on some poor data on eurozone industrial production, which fell more than expected. Non-farm payrolls fell more than expected in France and the country’s CPI…
Wikimedia CommonsThanks to today’s launch of the Kindle Fire HD 8.9-inch tablet from Amazon.com Inc. (NASDAQ: AMZN) in five European countries and Japan, Amazon claims that now “it is able to lower the price”…