Benchmarks ended higher on Friday boosted by upbeat quarterly results from Amazon and Microsoft. Friday’s gains helped the S&P 500 and the Nasdaq close at record high levels. Benchmarks also ended the week on a positive note with the Nasdaq registering its biggest weekly gain since Oct 2014.For a look at the issues currently facing the markets, make sure to […]
Benchmarks ended higher on Friday boosted by upbeat quarterly results from Amazon and Microsoft. Friday’s gains helped the S&P 500 and the Nasdaq close at record high levels. Benchmarks also ended the week on a positive note with the Nasdaq registering its biggest weekly gain since Oct 2014.For a look at the issues currently facing the markets, make sure to […]
Benchmarks posted modest gains on Thursday amid gains in energy shares, mixed earnings reports and weak economic data. While, gains among energy shares were able to offset discouraging domestic and overseas economic reports, investors continued to assess a slew of mixed earnings results. Energy shares gained after domestic crude oil price touched its highest level this year on Thursday. Meanwhile, […]
This article was originally published on Moneyball Economics, home of the world’s most unique economic commentary.I’m putting my money where my mouth is. My 401K is entirely in equity market funds and stocks, and will stay there as long as I see the right signals from the economy and bond market. But make no mistake; I am getting ready to […]
Benchmarks ended higher on Monday following China’s stimulus measures and upbeat earnings results. China’s central bank’s announcement that it would trim its reserve requirement ratio to boost lending and combat slow economic growth was welcomed by investors. Meanwhile, positive first quarter earnings results from Morgan Stanley, Halliburton and Hasbro also added to the bullish sentiment.For a look at the issues […]
Benchmarks ended in the red on Friday following investor concern over new equity market regulations in China and Greece’s debt crisis. Meanwhile, AmEx’s dismal earnings results weighed on the Dow. The S&P 500 and the Dow both registered their worst one day percentage decline in more than three weeks on Friday. Benchmarks also finished in negative territory for the week […]
Benchmarks ended Thursday’s choppy trading session slightly lower following mixed economic data and Fed officials comments on interest rate hike. Upbeat earnings results, well received initial public offerings and rise in oil prices failed to help benchmarks close in the green. While, about two third of the Dow components ended in the red, seven out of ten sectors of the […]
NEW YORK (AP) — The place where you can buy handmade dresses and crocheted dog costumes has a new hot seller: its own stock.Shares of arts and crafts retailer Etsy surged in opening trading on the Nasdaq Thursday. After pricing at $16 late Wednesday the stock opened at nearly double that, and hit a high of $35.73 in morning trading. […]
Etsy priced its shares at $16 ahead of its Thursday Wall Street debut for the online marketplace known for handicrafts and strong social values.
The share price valued Etsy at $1.78 billion and promised to raise about $267 million for the Brooklyn, New York-based firm.
The stock is set to trade on the Nasdaq market Thursday under the symbol “ETSY.”
Etsy was founded […]
by Tony BoydJust when Australia’s beaten-down biotech sector was in need of a boost, Silviu Itescu at stem cell pioneer Mesoblast sends positive signals by selling $58.5 million in stock to US pharmaceutical giant, Celgene Corporation.This is a hugely important transaction for Mesoblast and the Australian biotech sector. It shows big pharma is not content to sit back and rely on […]
