Benchmarks ended about 1% lower on Tuesday following a rise in the dollar and upbeat economic data. While an increase in the dollar compelled investors to reduce their exposure on riskier assets including equities, encouraging economic data raised anxiety of a rate hike sooner than later. Meanwhile, concerns about Greek’s debt crisis added to the bearish sentiment. The S&P 500 […]
The most common debate amongst traders is when the prolonged uptrend across the financial markets will come to an end. After such a long run, it is reasonable to believe that the trend is nearing overbought levels and could be preparing to make a sudden reversal, but based on the weekly chart of the Vanguard Total Stock Market ETF (VTI), […]
By Justin Fox, Bloomberg ViewEvery once in a while a business journalist notices how well Danaher Corp. has performed during the past few decades, and feels compelled to remark upon it. Well, now I’ve noticed, and I guess the most appropriate remark is, “wow.” Or maybe “jeepers.”Tektronix dealDanaher paid nearly $3 billion for Washington-County based Tektronix in 2007. The deal’s […]
Benchmarks were little changed on Wednesday amid discouraging retail sales numbers and rise in bond yields. While disappointing retail sales figures in April dragged the S&P 500 and the Dow into negative territory, gains in bond yields across the U.S. and Europe made investors nervous. Separately, a drop in DuPont’s shares weighed on the Dow. However, the Nasdaq bucked the […]
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 […]
While the indexes had a nice 2 day rally Fri/Mon, it was difficult to really trust it because some secondary indicators (such as the NYSE McClellan Oscillator we cite often) have been trending in the wrong way. Today was a good example of why you want those secondary indicators to be in our favor before going all in, on a […]
Twitter’s stock dropped $8bn in a single day, all thanks to a tweet.Investors were rattled by the early disclosure of unexpectedly low revenues, exposed before the close of trading by Selerity, a service that scours the web looking for investment information.”We inadvertently released an early version of [Twitter’s] earnings,” Nasdaq admitted to the BBC. “We are investigating the root cause.”Normally, […]
Myles Udland
Apr. 28, 2015, 11:45 AM
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Apple reported another monster quarter on Monday, with earnings, revenue, and iPhone sales all topping expectations.The company also announced that it would return $200 billion to shareholders over the next two years.But activist hedge fund manager Carl Icahn still doesn’t think investors get it.In a tweet on Tuesday morning, the 79-year-old said:Apple’s market cap is […]
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 […]
Stock Market, Silver: Week in ReviewStock-Markets / Financial Markets 2015Apr 26, 2015 – 12:58 PM GMTBy: Brad_GudgeonFrom now on, I’m including silver in my updates. There are important issues on the horizon that will involve silver to a greater degree. One of those issues is: J.P. Morgan is accumulating physical silver like there’s no tomorrow; another is: silver is important […]
