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Earnings reports from Google and Microsoft are casting doubts on the assumption that these tech giants are immune to the recent economic downturn.
Citigroup's better-than-expected earnings report turned the tide ahead of the open.
International Business Machines's profit leaped 22 percent, blowing past Wall Street's estimates as its bread-and-butter services division continued to thrive despite economic malaise in the United States.
The Dow and broader stock market jumped on Thursday as oil prices dropped sharply for a third day. What's the "Word on the Street?"
Just when it looked safe to get back into the water, sharks were sighted. Merrill Lynch showed a bigger loss than expected (a much bigger loss), Microsoft was indeed soft and Google could have done better. On the other hand, JP Morgan surprised us as did United Technologies and IBM. So maybe you pay your money and you take your chances.
As for techs, traders note that there has been less focus on that sector, because everyone is still in the process of unwinding the Long Energy/Short Financials trade. These numbers will reinforce the bear position that we are in a poor market for tech.
Minutes after reporting this news, the company offered up a revision to its full year earnings per share and the bump up is significant. Remember, IBM did this at the conclusion of its first quarter, taking EPS estimates up from $8.25 to $8.50.
Here's the classic multi-national tech company, the bellwether for so many different reasons, and at a time when just about everyone is worried about domestic recession, a global economic slowdown...
Over 1.4 billion shares and $16.5 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Check out the bets being made today...
Earnings from J.P. Morgan and some other big companies could sway the market's early direction, but traders are closely watching oil to see if it will make or break the upswing in stocks.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
Three Dow companies and thirteen members of the S&P 500 report quarterly results tomorrow making Thursday the biggest single day of the earnings season. Who will be the big winner?
Dow component Intel reports earnings after the bell later today, and while I touched on expectations yesterday, I want to go a little deeper today, especially with a market like this one.
Stocks finished lower, led by financials, as investors worried that the bailout of Fannie Mae and Freddie Mac might not be enough to prevent further turmoil in financial markets.
Financials led a market selloff as investors worried that the bailout of Fannie Mae and Freddie Mac might not be enough to prevent further turmoil in financial markets.
The stock rally triggered by the bailout of Fannie Mae and Freddie Mac fizzled within the first half hour of trading as Wall Street wonders if it will be enough to settle the turbulent housing market.
3) My mother writes the following note to me: "Dear Robert, Just received my quarterly statement, and was that sad... Found the name of a stock I was interested in called Palomar Chemicals, supposed to help removed tattoos. Love, Mom"
Alcoa may have kicked off earnings season last week, but this week, the biggest names in the tech sector take center stage: Intel and IBM tomorrow: eBay Wednesday; Microsoft and Google on Thursday.
Also, how to play next week's busy schedule of earnings.
Peter Misek at Canaccord Adams says “tech -- both in growth and earnings are going to look pretty good."