Companies like Chipotle and Philip Morris have been discussing price hikes that would give bottom lines a whole new driver. USAT reports.» Read More
The Street wants a 50 bp cut from the Fed on Wednesday; it's widely believed that a 25 bp cut would be a real disappointment. The other hope for bulls is that nonfarm payrolls surprises on the upside this Friday.
Stocks closed mixed after another volatile day that featured lowered outlook for two key insurers, more jitters over credit and mixed results from an effort to shore up financials.
Market volatility and the pullback in financial stocks isn't over yet, says Sarat Sethi, partner and portfolio manager at Douglas C. Lane & Associates. So he advises investors to find safe harbor in large-cap multinationals with diverse exposure.
LIBOR rates are down today, admittedly only slightly; but it's a start. Asian markets closed down about 2 percent; Europe also down about 2 percent. Retail sales and jobless claims good, but Producer Price Index indicates wholesale inflation stronger than expected.
Stocks reversed a huge rally and closed with modest gains as dour forecasts from several banks overshadowed a Federal Reserve plan to ease the global credit crunch.
Bank of America says their fourth quarter results will be "disappointing" and there are more write-downs coming due to exposure to collateralized debt obligations (CDOs). They will likely not be buying back stock until 2009. Down 2 percent pre-open.
Stocks closed little-changed despite of a sharp drop in oil prices that boosted shares of big manufacturers such as Boeing.
The negativity has already been priced into this stock. What hasn't been is the opportunity. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
3M, which makes products ranging from Scotch tape to optical films for liquid crystal displays, Thursday said it agreed to buy Aearo Technologies, a maker of personal protection and energy absorbing products, for $1.2 billion.
US stocks closed sharply lower Friday on an incessant stream of bad news in financials and technology that bled over into the rest of the market.
U.S. stock investors looking to recoup from the worst week in almost three months will have to keep one eye out for signs of weakness in earnings due this week and the other on the threat surging oil prices.
AmEx on Monday will tell us about how consumer spending looks, but the pattern is clear: CEOs are talking down expectations. Sound familiar? They did this before! At the end of Q1, there were all sorts of comments from CEOs not to expect much in Q2 and Q3.
3M, whose products range from Scotch tape to optical films for liquid crystal displays, on Friday posted a 7.4 percent increase in quarterly profit, helped by strong demand in international markets.
As with Union Pacific, Caterpillar came out with very cautious commentary. Caterpillar's third quarter earnings were slightly below expecations, and they lowered 2007 outlook (down 3% pre-open), but the name of the game is to lower expectations overall.
Some big earnings reports and the afterglow of Google's solid profit report will compete with worries about credit issues and the background chatter of G-7 officials Friday. The U.S. dollar's record-setting slide and oil's record-setting rise will also be a focus. Oil broke through a record $90 per barrel in electronic trading Thursday evening.
By the end of the coming week, the corporate earnings picture will be clear and it may not necessarily be one the stock market likes.
There has always been a carnival atmosphere at a NASCAR event. Hundreds of thousands of people, food, drink, more drink, and all that noise. Throw in 36 or so hard charging cars and the resultant thrills and spills and what do you have? A sales opportunity. NASCAR has always been about 'the sell'. From the sponsorship logos on the cars to the suits the drivers wear.
Stocks ended at the lowest levels of the trading session after late buying efforts failed. "It's the end of a very difficult week with a critical selloff in the last 15 minutes of trading, but I think Secretary Paulson's comments will be studied over the weekend because they are very reassuring," said James Maguire, Sr., managing director at LaBranche & Co.
3M, whose products range from Scotch tape to optical films for liquid crystal displays, on Thursday posted a higher quarterly profit driven by strong results in the safety and security, and health care businesses.
Even the billionaire who broke the British pound will have some poor picks in his portfolio. But Cramer says he found one stock that is definitely worth owning.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.