Following are the day’s biggest winners and losers. Find out why shares of Charles Schwab and UPS popped while Chicago Bridge & Iron and Gannett dropped.
The tech titans and media moguls schmoozed and chatted through the first full day of meetings at the Allen + Co. Conference. It was a quiet day in terms of deal buzz; perhaps largely because the Yahoo folks haven't arrived yet.
Warren Buffett's reputation as a technophobe may be cracking. Today he told CNBC he'll "probably" get an Amazon Kindle as he "edges" into the 21st century. See the video clip and read the transcript of Julia Boorstin's Sun Valley conversation with Buffett about technology, the economy, Berkshire's stock slide, and Barack Obama's chances in November.
What am I missing here? That was the polite version of what went through my mind after reading Oxford University's professor Jonathan Zittrain wax philosophic about how the increasing adoption of Apple's iPhone, Research in Motion's Blackberry, and Microsoft's Xbox threaten to derail our very creativity.
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.
A blast of negativity surrounds the financials this morning and is dragging stocks lower on what promises to be a volatile day.
Investors are eagerly anticipating FedEx earnings on Wednesday. After Goldman upgraded Amazon, will delivery of purchases made online boost the bottom line?
Plus, what happened to your crusade against the uptick rule?
The Dow plunged more than 400 points as the sharpest jump in the unemployment rate in more than 20 years and rocketing oil prices sparked concerns about stagflation. Oil jumped more than $11 a barrel to close at a record $138.54.
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."