Indexes gapped down and stayed down all session as weakness in Amazon.com and Visa hurt morale a bit. The S&P 500 fell 0.48% and the NASDAQ 0.50%. Late in the day Goldman Sachs released a note saying they are “neutral” on equities over three months as it sees a slide in bonds leading to a temporary selloff in stocks:
The firm […]
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 […]
ShutterstockThis is a column about “Big Data” and a new way to predict the results of presidential elections for the next 20 years.We begin with the rise of Nate Silver, the former baseball statistician retained by The New York Times, and his blog, “FiveThirtyEight,” which accurately predicted the results of the 2008 vote in 49 of the 50 states. He […]
In Chicago, the Big Data initiative is about to make a major leap this summer.Urban planners are excited about the “Array of Things” project, which is installing “smart” lamp posts… pole-mounted sensors that gather data on everything from air quality to sound volume.These smart lamps could make Chicago “a safer, more efficient and cleaner place to live,” according to Charlie […]
Benchmarks ended Wednesday’s listless trading session little changed despite upbeat private sector hiring numbers. Investors refrained from betting ahead of the nonfarm payroll data for June that is scheduled for release on Thursday. Investors also kept an eye on Federal Reserve Chairwoman Janet Yellen’s comments on financial stability.For a look at the issues currently facing the markets, make sure to […]
Gains in media stocks helped benchmarks shrug off weak economic data and settle in the green. Investors ignored the biggest contraction of the U.S. economy in the first quarter since early 2009 and also overlooked an unexpected fall in durable goods order. Broadcaster stocks rose on Wednesday after Supreme Court ruled in their favor over start-up online-video service provider, Aereo […]
Benchmarks closed Thursday’s choppy session mostly higher as optimism from Wednesday’s policy statement continued. The modest gains helped S&P 500 hit another record high, but Nasdaq snapped its four-day winning streak. Stocks had dropped to the red zone for a considerable period during the afternoon before managing a rebound almost at the end of the session. Economic data on initial […]
A spike in crude oil prices and discouraging economic data dragged the benchmarks down on Thursday. Investors were worried about the extent to which the Iraq crisis could affect the nation’s oil supply. Moreover, less-than-forecasted retail sales growth and an unexpected rise in unemployment benefits also dented investor sentiment. The S&P 500 dropped for three-consecutive days for the first time […]
Few workplaces might seem more unpredictable in their workload than the emergency department of a major hospital. But even the random circumstances that send patients to the ER start to yield patterns when subjected to new methods of data analysis.For Dr James Lind, director of access and patient flow at Gold Coast Health, clever analysis of admission records by the […]
Benchmarks dropped the most in three weeks on Wednesday after World Bank lowered projections for global economic growth. The Dow snapped a four-day rally of record high closes. The blue-chip index also closed 157 points away from its key technical level of 17,000. The Nasdaq also ended a five-session winning streak. The S&P 500 recorded its biggest one day percentage […]
