NEW YORK (AP) — Netflix soared, big corporations turned in quarterly results, and investors welcomed new companies into the market. There was plenty of news, but major indexes finished the day just short of where they started.Stocks drifted lower at the start of trading, followed oil prices higher in the early afternoon, then flipped back to slight losses in the […]
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 […]
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 […]
On the call, Zillow CEO Spencer Rascoff announced that the company is expecting EBITDA in the range of $80 million to $85 million for the full year 2015—Wall Street had expected that figure to be about $146.8 million, according to FactSet.”The work we are doing this year lays the foundation for an incredibly bright 2016 and 2017. However, 2015 is […]
TOKYO (AP) — Asian stocks were mixed in muted Tuesday morning trade amid a lack of fresh news to buoy market sentiments following an overnight slide on Wall Street.KEEPING SCORE: Japan’s benchmark Nikkei 225 was barely unchanged, inching down 0.04 percent to 19,896.94 in the morning session. Investors were looking to sell after the index reached the psychologically key 20,000 […]
A stock market correction, technically speaking, occurs any time a major benchmark index loses at least 10% of its value. When an index suffers losses of 20% or more, it earns the right to be called a “bear market.” On average, stock market corrections occur every 1.5 years, while bear markets occur about every nine years.Source: ©iStock.com/blewisphotographyAs you may have noticed, the U.S. […]
New prime minister Tony Blair and his wife Cherie outside No 10 in May 1997. Photograph: Martin Godwin
The headlines began warning us months ago of stock-market meltdown should the opposition win control after 7 May. “Shares tipped to fall if Labour wins next year’s general election” the Daily Telegraph announced in October, and some business leaders have echoed the sentiment, […]
In the ongoing bad-news-is-good-news saga, last week’s surprisingly weak jobs report led to speculation that the Fed would delay hiking interest rates, which is perceived as a positive for equity investors. So, bulls are getting a boost for the moment, although those previously hard-won round-number price levels for the major indexes are now serving as ominous overhead resistance that will […]
Posted by Jason Zweig on Mar 30, 2015 in Blog, Featured, Posts |Image credit: Genetically modified Amflora cells, BASF, flickr Creative CommonsBy Jason Zweig11:17 am ET Mar. 27, 2015In a research note out today, Credit Suisse analysts Ravi Mehrotra, Jason Kantor, Anuj Shah and Jeremiah Shepard write that biotechnology stocks are not in a bubble but “rather in a new […]
Benchmarks ended the last trading session of the week on a positive note after Fed Chair Janet Yellen said there was a possibility of a gradual hike in interest rates sometime this year. The Nasdaq was boosted by a possible deal between Intel and Altera. Gains in bio-tech stocks also helped the Nasdaq end in positive territory. However, benchmarks reported […]
