However, shares of General Motors Company (GM – Analyst Report) dropped 4.5% after the company reported second quarter 2014 adjusted earnings of 58 cents per share, missing the Zacks Consensus Estimate of 78 cents per share. The auto manufacturer reported disappointing second-quarter results largely due to recall costs that chopped $1.5 billion from the company’s bottom line. Further, the company […]
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blog post by Mark
Doms, Under Secretary for Economic AffairsBig Data and Open Data are all the rage these days. However,
Commerce was into Big Data before Big Data was cool. As far back as 1790, we
began collecting data on patents in the U.S. and the Census Bureau conducted
the first Decennial Census […]
Benchmarks closed with marginal gains on Wednesday, despite reports of a rise in new home sales. Homebuilder stocks were among the biggest gainers for the day. Lowe’s and Target’s better-than-expected earnings also somewhat improved sentiment. However, investors waited eagerly for Fed chairwoman’s Janet Yellen’s semiannual testimony speech.For a look at the issues currently facing the markets, make sure to read […]
Benchmarks ended lower on Wednesday after minutes of the US Federal Reserve’s latest policy meeting showed policymakers may continue with the tapering process. At the same time, they also debated when to raise short term interest rates. The largest drop in housing starts in about three years also weighed on the benchmarks coupled with International Monetary Fund’s view that that […]
Markets rebounded from day’s initial losses as investors overlooked weak consumer and labor data to focus on strong earnings numbers. Also lifting the mood was news that Time Warner Cable was being bought by Comcast. However, the day’s gains were kept in check as Cisco Systems’ dismal sales outlook weighed on all indices. The gains extended Nasdaq’s bullish run into […]
Godzilla.The stock market has been heading lower all day.
Right now, the S&P 500 is down 1.4% to start the week, trading at 1811. The Nasdaq is down 1.7%, and the Dow Jones Industrial Average is down 1.1%.The U.S. dollar is down 1.2% against the Japanese yen today, trading near ¥102.90.”Admittedly, the pullback has been from record highs, so we’re reluctant […]
Encouraging holiday season sales numbers and labor data helped the Dow and S&P 500 continue their record run on Thursday. Initial claims dropped for the week ending Dec 21 and holidays sales were reported to have improved between Nov 1 and Dec 24 period. Positive holiday sales numbers lifted the retail sector into the green and was among the major […]
The holiday-shortened trading session on Tuesday saw the Dow and S&P 500 extending their record runs propelled by encouraging economic numbers. Higher orders for manufactured goods, encouraging new home sales and a report which revealed that corporates were investing at a rapid pace in their businesses acted as gifts on Christmas Eve. Volumes were among the lowest for the year […]
