(AP Photo/Richard Drew)
Thanks to the removal of just one word in a monetary policy statement and a subsequent weakening in the U.S. dollar, the equity markets have rallied over the last two-and-a-half trading sessions — and the sea of green was abundant in market action on Friday. All three indices opened for trading in positive territory and only climbed […]
Benchmarks finished mostly lower on Thursday after stronger US dollar adversely affected oil and other commodity prices, dragging down energy and material stocks. The U.S dollar rebounded on Thursday after a sharp decline on Wednesday. While the S&P 500 and the Dow ended in negative territory, gains among bio-tech stocks and Facebook helped the Nasdaq close in the green.For a […]
The Dow rose 140 last Monday, was down 330 on Tuesday, up 260 on Thursday, and down 250 on Friday (before a late-day save and finishing down 145). This morning, the Dow is up by nearly 100. There are numerous reasons for the loss of market memory, not the least of which are wild moves by global central bankers and […]
Benchmarks snapped two-day losses to end in the green on Thursday as mixed economic data reduced fears about sooner-than-expected rate hike. Moreover, mixed economic data put the brakes on dollar rally yesterday. Meanwhile, financial stocks posted solid gains after Fed’s stress tests. However, decline in energy shares following oil price slump limited some of yesterday’s gains. The Dow and S&P […]
Free stock trading, zero overhead and the market at your fingertips? Now there is an app for all that. It’s called Robinhood and according to its creators, it’s going to tap the very small investor segment.”We are not setting any account minimums, which we think unlocks a market of investors who couldn’t do this before,” the company’s co-founder Baiju Bhatt […]
Free stock trading, zero overhead and the market at your fingertips? Now there is an app for all that. It’s called Robinhood and according to its creators, it’s going to tap the very small investor segment.”We are not setting any account minimums, which we think unlocks a market of investors who couldn’t do this before,” the company’s co-founder Baiju Bhatt […]
Benchmarks finished Thursday’s session mostly in the red as oil prices dropped and deadlock over Greek debt deal continued. While decline in oil prices dragged energy shares down, Germany’s rejection of Greece’s request for loan extension unnerved investors. However, the Nasdaq settled in positive territory banking on gains among chipmakers and bio-tech stocks. Priceline’s upbeat quarterly results also helped the […]
Who can beat the ‘superbug’?
A new antibiotic-resistant “superbug” may have contributed to the deaths of 2 patients at Ronald Reagan-UCLA Medical Center. What companies may be on track to combat the deadly virus, with CNBC’s Meg Tirrell.
A year ago, Receptos was a billion-dollar company looking to compete with drugmakers sometimes a hundred times its size, in therapeutic areas already served […]
Rise in oil prices, new deals and upbeat quarterly results helped benchmarks settle in the green on Thursday. While rise in crude oil prices fueled gains in material and energy shares, Pfizer’s plan to acquire Hospira boosted healthcare stocks. Encouraging earnings results from O’Reilly Automotive and Estée Lauder Cos also added to the bullish sentiment. Meanwhile, investors shrugged off discouraging […]
Technology
Pandora Media Inc Revenue Miss Sends Stock Trading Down 19%
Pandora Media reported a miss on revenue consensus estimates, following which the stock traded down by around 19%
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By: Martin BlancPublished: Feb 6, 2015 at 9:41 am EST
Pandora Media Inc (NYSE:P) stock is trading down by around 19.28% at $14.86 as of 9:17 AM EST on Friday, following disappointing fourth-quarter 2014 (4QFY14) […]
