Facebook’s innovation engine may have stalled, but Mark Zuckerberg has been revamping the way it creates and distributes new services. NYT reports.» Read More
Stocks fell sharply Friday as oil prices climbed about $3 and a concoction of rumors and bad news shook up the banking sector. Rounding the bend toward the closing bell, the Dow was off nearly 4 percent for the week, the S&P off 3 percent and the Nasdaq off 2 percent.
With growing talk about peak oil — when the globe’s petroleum reserves begin an inexorable decline — exploration companies are increasingly turning high-tech to delay this eventuality. There's been stunning advances in the industry's ability to visualize what lies deep underground and to extract more of what's down there.
A blast of negativity surrounds the financials this morning and is dragging stocks lower on what promises to be a volatile day.
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Following are the “Fast & Furious” trades. Here's how to play Winnebago earnings, a new phone from Sprint and other market moving events.
The Dow made a modest advance Thursday as a sharp drop in oil prices helped counter renewed concerns about the strength of the economy. What's the "Word on the Street?"
Wall Street can be a fickle place, and as investors wonder where they ought to park their money while they ride out the economic volatility gripping the country right now, they may want to harken back to some oldies but goodies: Apple Inc., Google, Research in Motion and Amazon.
You’d think tech would have had a better day after Morgan Stanley said the Apple iPhone could double sales in 2009. In the Web Extra find out how the traders are playing it.
Don't think a plateau in oil stocks means the end of an energy run.
Following are the day’s biggest winners and losers. Find out why shares of Apple and Monsanto popped while American Express and Cinemark dropped.
Cramer makes the call on viewers' favorite stocks.
The FCC chairman said yes. But two more votes are needed.
The Dow finished Monday’s session modestly lower as investors continued to worry about the course of the economy. What's the "Word on the Street?"
As the world watched Tiger Woods and Rocco Mediate take it down to the wire at the US Open, the Dow was struggling with its own rivalry: Banks were trying to lead a rally, while a handful of stocks were dragging on the blue-chip index. Oil ended down at $134.34 abarrel.
It started with a note from Mike Abramsky at RBC Capital, now calling for a "breakout" fiscal fourth quarter because of iPhone. He's estimating Apple will sell 14 million iPhones in 2008, thanks to last week's new 3G version.
Forgive me for tooting the NBC horn for a moment, but it looks as though the company's online digital downloading service might be an unabashed success. At least according to the LA Times which has an extensive article today detailing the success of this thing.
Stocks bounced back from an early slide as banks recovered and strength permeated techs, housing and retail stocks. The market had opened lower as oil neared $140 a barrel and after a report from the New York Federal Reserve on regional manufacturing activity showed a worse-than-expected contraction. Lehman shares rose after the firm reported a loss on target with its pre-announcement.
Stocks rallied to the finish Friday, led by financials and techs, as a tame core-inflation reading and lower oil helped the market end a chaotic week on a high note.
The Dow closed higher after retreating oil prices and a tame reading of core U.S. consumer prices eased inflation fears. What's the "Word on the Street?"
For the week ending Friday, June 13, 2008, the markets were mixed on varied economic news, renewed credit concerns from Lehman and the financial sector, and of course, oil. A surprise increase in retail sales gave hope for economic growth and a rising CPI suggested a potential rate move on the horizon that could strengthen the dollar and begin to tame inflation.