Another quiet session in a week full of them. The S&P 500 gained 0.23% and the NASDAQ 0.38% as morning weakness was bought. This is a good sign again, but these gains are of a grinding nature. Existing home sales for April fell 3.3%, missing an expected 1% gain to 5.24 million units. Earlier in the week, reports showed home […]
“We’re not gonna make it, are we ? People, I mean.”
“It is in your nature to destroy yourselves.”
“Yeah. Major drag, huh ?”
– From James Cameron’s ‘Terminator 2: Judgment Day’.
Here is a thought experiment. It is January 2000. The last wild Pyrenean ibex has been found dead, squashed by a tree. America Online has just announced an agreement to buy Time […]
Tax scare on Yahoo’s Alibaba stake spin-off seen premature by BusinessInsider.com : Wednesday 05:30:11 CTCategories: markets, streamBy Supantha Mukherjee and Abhirup Roy(Reuters) – Yahoo Inc’s planned spin-off of its stake in Alibaba Group Holding Ltd is likely to proceed on a tax-free basis, analysts said, as Yahoo shares regained most of their losses after concerns of a possible change in […]
CHAPEL HILL, N.C. (MarketWatch) — It’s a bad sign for the stock market that many investors are souring on the hedge fund industry.That’s because hedge funds are in the business of — I know you’ll be surprised by this — hedging. In essence, the average hedge fund offers investors a trade-off: In return for outperformance during bear markets, it lags […]
A spike in long-term interest rates rattled investors Tuesday, nudging major U.S. stock indexes lower for the second day in a row.The market nearly clawed back all the way from an early slump that dragged the Dow Jones industrial average down as much as 180 points in the first half-hour of trading. The price of oil closed above $60 a […]
Hey, wanna lose some money? Then go chasing after the next hot IPO.We’ve seen it time and time again. Everyone gets sucked in by the media hype surrounding the next big IPO. Then the stock fizzles once the hype machine breaks down. And the gullible suckers who bought are left holding the bag. The stock might come back after it […]
Will one month’s manufacturing data really prompt the Bank of England to raise rates? Photograph: ANDY RAIN/EPA
Financial markets can be utterly perverse. To any normal person, news that industrial production recovered in March would be seen as good news, tentative evidence that the economy is emerging from a soft patch in early 2015.But not if you are someone dealing in […]
Robin Li the founder of BaiduHome » Stories » Robin Li the founder of BaiduThe second richest man in China, after Jack Ma (whose biography we covered here), was born on the 17th of November 1968 in Yangquan, Shanxi Province of China.His parents were working in a factory and Li was the fourth child, with only sisters around. His mother […]
Akin Oyedele
May 8, 2015, 12:04 PM
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Facebook/Bojangles’Bojangles’ sweet tea is a staple in the South.Shares of Bojangles spiked by up to 29% on Friday, its first day on the market.The fried-chicken-and-biscuit-chain priced its IPO at $19 a share, which was at the higher range of its expectations.A Bojangles’ regulatory filing showed that it had expected to sell 7.75 million shares at between […]
Markets made a strong comeback on Friday as investors added beaten down stocks to their portfolios. Moreover, General Motors and Ford posted better-than-expected U.S. auto sales numbers. Economic data was mixed. Each benchmarks gained at least 1%, limiting the weekly losses.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street articleThe […]
