Hey, wanna lose some money? Then go chasing after the next hot IPO.We’ve seen it time and time again. Everyone gets sucked in by the media hype surrounding the next big IPO. Then the stock fizzles once the hype machine breaks down. And the gullible suckers who bought are left holding the bag. The stock might come back after it […]
NEW YORK (AP) — Shares of Party City jumped over 20 percent in their stock market debut Thursday.The Elmsford, New York, company designs, sells and makes balloons, invitations, costumes and other party goods. It operates about 900 stores and sells its products in other retailers.Party City raised about $372 million in its initial public offering, selling 21.9 million shares at […]
NEW YORK (AP) — Shares of Party City jumped nearly 22 percent in their stock market debut Thursday.The Elmsford, New York, company designs, sells and makes balloons, invitations, costumes and other party goods. It operates about 900 stores and sells its products in other retailers.Party City raised about $372 million in its initial public offering, selling 21.9 million shares at […]
Although China’s economy has been leading the world in annualized growth since the days that mobile phones had retractable antennas, there have always been some aspects of the country’s commercial and financial system that loudly broadcast the underlying illogic of a Communist Party’s firm control of burgeoning capitalism. China’s stock markets were one such venue where things just didn’t add […]
The major market indices rallied up and kissed the 50dma today, as the European Central Bank did as expected and announced they were going to print and print and print. The goal being to keep interest rates low, pump up asset prices, try to avoid deflation, or just be seen as trendy and cool. After all, everyone is doing it […]
Falling oil prices are bringing smiles to millions of Americans, but they’re also creating headaches for energy companies. Watch for this story to play out during the upcoming earnings season.
NEW YORK (CNNMoney)It’s the best of times for consumer and transportation companies. They are capitalizing on extremely cheap gas that’s left consumers flush with cash.As earnings season begins this week, […]
Stock Market Gap Up….No Gains After The Open…Stock-Markets / Stock Markets 2014Jul 15, 2014 – 09:44 AM GMTBy: Jack_SteimanIt was a surprise to see the market gap up today, and an even bigger surprise to see it simply die after the open, since the gap up was pretty powerful in terms of price. Normally, after such a decent gap up, […]
By Rachel Goldfarb, originally published on Next New DealClick here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest.Stiglitz: I’m ‘very uncomfortable’ with current stock levels (CNBC)Roosevelt Institute Chief Economist Joseph Stiglitz emphasizes the difference between a strong stock market and overall economic strength, reports Antonia Matthews.Roosevelt Take: William Lazonick looks at the link between the […]
For months we have been warning about excessive optimism on the stock market, since it was clear that it needed a break. Coincidence or not, lately it has been seemingly impossible for the market to take it to the next level. Many indices are still listed near or at their all-time highs (e.g. the S&P 500), but sensitive sectors and […]
India’s Sensex index rose in mid-day trading to a new record today of over 25,000 and the Indian rupee hit 10 month highs against the US dollar on the back of a landslide victory for the Narendra Modi-led Bharatiya Janata Party. The rally wasn’t a one-time event—since Modi was named prime ministerial candidate on September 12, Indian equities have gained […]
