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Investors hit the brakes Friday, but it wasn't the 25-car pileup many had expected amid hope that a bailout bill will get passed by Congress. The Dow shaved 100 points off its decline after President Bush and congressional leaders offered words of encouragement that this deal will get done. The Nasdaq took a hit as worries about Research In Motion’s outlook spooked tech investors. Investors hit the brakes Friday, but it wasn't the 25-car pileup many had expected amid hope that a bailout bill will get passed by Congress. The Dow Jones Industrial Average tumbled about 130 points at the opening bell then cut its loss to only about 20 points after President Bush and congressional leaders offered words of encouragement that this deal will get done.
MySpace, owned by News Corp, has made deals with the four music giants, EMI Group, Warner Music Group, Universal Music Group, and Sony BMG Music Entertainment, which are also equity partners in the venture.
There are downgrades, and there are downgrades, but I have never seen the kind of downgrade parade marching through Wall Street this morning related to Research in Motion and its stock.
In my earlier post about Research in Motion's bitter earnings miss, I speculated that before investors rush off to sell their Apple shares in sympathy, they may want to study RIM's reasons for its shortfall. And that appears to be good advice.
To say that the optimism surrounding Research in Motion going into the company's second quarter earnings, reported just moments ago, was thick, is an understatement.
Earnings, real and growing earnings from a company not in the middle of the financial crisis. Come and get em!
The news is good for BlackBerry, even in the face of iPhone's success, which speaks to my point yesterday that the sector is having no trouble supporting multiple success stories.
Cramer makes the call on viewers' favorite stocks.
Stocks got an early boost from Buffett's vote of confidence in Wall Street but the meandering hearings on the bailout sucked the air out of the trading floor. By the closing bell, financials had fallen and only techs were left carrying the torch of hope.
Stocks made a modest advance Wednesday, boosted by Buffett's investment in Goldman Sachs and optimism that a bailout could boost tech spending.
Thursday will be a big day for Research in Motion as the company prepares to release its second fiscal 2009 quarterly earnings into a climate that's either really good, or really bad, for the wireless leader, depending upon who you believe on Wall Street.
Stocks fell more than 1 percent amid anxiety about the Wall Street bailout plan. Lowered analyst outlooks dragged on General Electric and bank stocks.
The "Dream" name disappeared this morning, in favor of T-Mobile's "G1" moniker instead, a nod to the first handset powered by Google's mobile operating system dubbed Android. And now the market has to weigh whether this is merely another competitor available, or everything Blackberry and iPhone aren't.
Here we are, the night before Google, HTC and T-Mobile unveil the highly anticipated "Dream" smartphone--otherwise known as the gPhone--and Apple tries to ruin the party with headline-stealing news of its own.
Stocks declined Monday as a more than $16 jump in oil prices exacerbated the selloff on Wall Street started by worries about the ability of the government bailout to revive the financial system.
Circuit City Stores Inc. says its chairman and chief executive is stepping down immediately.
Stocks declined Monday amid increasing worry about how far the government bailout plan will stretch and as oil prices shot up nearly $20 a barrel.
Stocks declined Monday as investors have begun to realize that, despite the government bailout, there's more pain to come.
Stocks opened lower Monday as Friday's euphoria cooled with investors realizing that financial woes could go on for quite some time and a fresh wave of new developments emerged.
Much has been made in this Presidential campaign – and much more will be made – about the value of experience and who is qualified to lead. Often, relative youth is cited as a negative.