The new generation of Internet stocks couldn't be more different those in 1999, veteran industry watchers say.» Read More
Stocks pulled off modest gains Friday as enthusiasm for some better-than-expected economic reports outshined a warning from S&P of a possible downgrade on Fannie Mae and Freddie Mac.
For the week ending Friday, July 25, 2008, the markets closed mixed for the week, on negative housing data, and mixed earnings results. An early rally in financial and airlines stocks, supported by the continued slide in oil prices, was quickly wiped away by ongoing uncertainty in the economy. The Dow dropped more than 280 points on Thursday, marking the worst one day point drop in over a month. However, Friday saw a slight rebound on strong durable goods and a bounce back in consumer sentiment. Only the Nasdaq finished slightly up 1.2% for the week. The Dow and S&P finished down 1.09% and 0.23%, respectively.
Jill Smart, an Accenture executive, was skeptical the first time she stepped into her firm’s new videoconferencing room in Chicago for a meeting with a group of colleagues in London. But the videoconferencing technology, known as telepresence, delivered an experience so lifelike, Ms. Smart recalled, that “10 minutes into it, you forget you are not in the room with them,” The New York Times reported.
Wipro, India's third largest information technology outsourcer, missed forecasts with a 15 percent rise in quarterly profit, as the global economic downturn hurt demand from its major Western clients.
As an investor Karen Finerman isn’t afraid to dive into the muck. Now she's getting her hands dirty with another stock left in the trash heap!
Fearing the two largest U.S. mortgage finance companies need a government bailout, investors pushed stocks lower Friday. What's the "Word On The Street?"
Stocks finished sharply lower Friday as the market was rattled by concerns about the future of the nation's top mortgage-finance agencies.
Volatility rules the markets as the Dow dips below 11,000 intraday on Friday for the first time since July, 2006. The CBOE volatility index hits an intraday high of 29.44, the highest level since March 19th, oil hits a new record, the dollar falls.
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If your technology stock picking has you and your portfolio in the dog house then it might be time to go best of breed.
The Dow finished higher on Thursday propelled by optimism about a major deal in the chemicals sector and comments from Ben Bernanke. What's the "Word on the Street?"
Basic materials and the power to use them offer strong opportunities for investors, according to Kent Croft. He's also enthusiastic about a familiar technology name.
Basic materials and the power to use them offer strong opportunities for investors, according to Kent Croft.
European shares were set to open sharply lower on Thursday, tracking big falls in the United States overnight on concerns over continued losses in the financial sector and an economic downturn.
The S&P closed 20% below its all-time high set in October, making it the last of the three major U.S. stock indexes to fall into a bear market. What's the "Word on the Street?"
Stop Trading begins with a discussion of deterioration in the market at the end of the trading day, and directs much of the blame to banks. There are a few lights at the end of the tunnel.
Shares of Cisco Systems dropped after CEO John Chambers said...
Cisco Systems Chief Executive John Chambers said on Tuesday that the office of the CEO will be less hierarchical in five years, although he has not yet decided on when he would hand over to a successor.
Shares for graphics chipmaker Nvidia will be under pressure after the company warned on Wednesday that revenues and gross margin would miss analysts' estimates due in part to weak demand.
Celebrated bear investor Bill Fleckenstein explains how he's playing the market now!