The three major US stock indexes opened higher this morning as markets were getting primed for the afternoon’s statement from the FOMC. Tomorrow’s announcement on interest rates from the European Central Bank…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Wednesday morning. Becton Dickinson and Co. (NYSE: BDX) cut to Underweight at JPMorgan. BMC Software…
wikicommons / SkimstaMany American companies have been lauded for their rapid rise to greatness, a process that sometimes takes less than a decade. These firms become leaders in their industries, are renowned…
Struggling supermarket chain Supervalu Inc. (NYSE: SVU) on Monday named a new chief executive as part of its effort to revive a business plagued by a three-year sales slump. Current chairman Wayne…
Trey Thoelcke Don’t say that the United States is entering a recession. Not yet at any rate. For a true recession to be present, the gross domestic product (GDP) has to be negative for…
Facebook Inc.’s (NASDAQ: FB) stock is hammered by earnings letdown. (Reuters) Samsung Electronic Co.’s earnings reach $5.9 billion mostly on smartphone sales. (Reuters) Barclays PLC’s (NYSE: BCS) profits rise sharply. (Reuters) The…
The USDA reports that drought has made a large increase in food prices likely. (Reuters) The government of Changsha in China launches a $130 billion stimulus program. (Reuters) Hackers have effectively attacked…
Apple (NASDAQ: AAPL) blames poor earnings on slow sales in anticipation of the iPhone 5 and a sluggish economy. (Reuters) The Federal Reserve searches for new ways to help the sagging economy.…
When Gallup asked people about the state of the economy this spring, as a recovery appeared to have taken hold, the polling company found “nearly half of Americans, 46%, still say the…
Eurozone officials set final terms for a bailout of Spain’s banks. (Reuters) Marissa Mayer will receive as much as $70 million to head Yahoo! (NASDAQ: YHOO). (Reuters) Banks hit by the Libor investigation may…
Mark Zuckerberg of Facebook (NASDAQ: FB) and Walmart (NYSE: WMT) CEO Mike Duke are scheduled to meet for two days along with senior aides. Presumably the gathering aims to increase the use of…
Investors cannot make any money in the bond market right now merely by buying and holding Treasury bonds forever. The problem is that Treasury yields are at record lows. In some parts…
Shares of Wal-Mart Stores Inc. (NYSE: WMT) posted an all-time high over $73/share this morning as investors continue to react to yesterday’s terrible earnings report from Supervalu Inc. (NYSE: SVU). In comments…
Shares of grocer Supervalu Inc. (NYSE: SVU) have lost more than -30% since the company announced quarterly results after the markets closed last night. We covered the gruesome details after the company…
Home electronics giant Best Buy Co. Inc. (NYSE: BBY) has seen its shares plunge today following an earnings warning from much smaller rival hhgregg, Inc. (NYSE: HGG). The Indianapolis-based retailer, which operates…
