Rendering of the Carnitas’ Snack Shack café that will be built at the Downtown waterfront. Construction is expected to take about six months. Lip-Smacking Carnitas’ Snack ShackFare Coming to the Downtown WaterfrontFor the last few years, North Park residents and others have been smacking their lips over the food offered at Carnitas’ Snack Shack, a modest walk-up restaurant on University Avenue that […]
Benchmarks ended mixed yesterday after Fed minutes showed officials looked past a June rate hike amid slow economic growth. While the S&P 500 and Dow ended in negative territory, Nasdaq ended in the green boosted by gains in biotech stocks. These three benchmarks had briefly touched their respective closing highs before settling lower.For a look at the issues currently facing […]
NEW YORK —
A brief afternoon rally faded away on Wall Street, leaving indexes narrowly mixed on the day.The short-lived advance Wednesday came after minutes from the Federal Reserve’s latest meeting suggested the central bank wouldn’t begin raising interest rates next month.The Dow Jones industrial average slipped 27 points, or 0.2 percent, to 18,285.
The Standard & Poor’s 500 index gave up […]
Sam Ro
May 19, 2015, 8:25 AM
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REUTERS/Brendan McDermidTobias Levkovich, CitiSee AlsoStocks are expensive, but they’re still attractiveMORGAN STANLEY: ‘It’s too early to call the top’Top Wall Street strategist gets hate mail and fires back after discovering his critic is actually ‘bad at their job’The stock market is at an all-time high, and milestones like this make investors hungry for guidance.On Friday, […]
Are stocks disconnected from reality? Probably, according to Tobin’s Q, a rather elegant way to assess equity valuations developed by the late Nobel Prize-winning Yale economist James Tobin. Put simply, Tobin’s Q compares the total value of stock prices with the value of underlying assets such as plants, inventory, and equipment (i.e. replacement costs). Add up the value of the […]
Benchmarks gained over 1% yesterday on weaker dollar and drop in bond yields. Thursday’s gains were broad based with the S&P 500 closing at an all-time record high and 9 out of 10 sectors of the index ending in positive territory. Economic data was mixed, giving no clear indication to investors on the timing of first rate hike.For a look […]
All over the place they are touting that the stock market will crash and burn. Indeed, when you say there is a coming crash, everyone immediately assumes that means the stock market. It appears that the bulk of those who claim to be analysts are all proclaiming the coming stock market crash. This is typical since no one in the […]
Markets ended the last trading session of the week in the green boosted by upbeat nonfarm payroll data. The benchmarks gained more than 1% on Friday, with the Dow registering its largest one-day percentage gain in more than three months. Friday’s encouraging jobs report also helped the benchmarks finish mostly in positive territory for the week.For a look at the […]
London shares suffered a sharp sell-off on Thursday morning as voting got under way in the closest general election for decades.Fears that Britain is set for a second successive hung parliament added to a global markets sell-off after Federal Reserve chair Janet Yellen warned share valuations could be dangerously high.The leading FTSE 100 index tumbled by 121 points, or 1.7%, […]
Traders work on the floor of the New York Stock Exchange April 30, 2015.Reuters/Brendan McDermidTraders work on the floor of the New York Stock Exchange April 30, 2015.Reuters/Brendan McDermid n”>(Reuters) – U.S. stocks, led by the Nasdaq, sold off on Thursday as Apple shares declined, and tech and biotech quarterly results disappointed.Upbeat economic reports added to uncertainty about the outlook […]
