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Stocks came charging out of the gate, inspired by oil's drop and the dollar's surge, but weakness in technology stocks sucked the air out of the rally.
Stocks kicked off September with a rally, inspired by the more than $7 drop in oil prices and a surge in the dollar.
Never mind that chrome is typically the stuff that gets dented on older car bumpers, Google thinks Chrome will be the answer to Microsoft's browser dominance on the net.
Stocks shot out of the gate Tuesday as the price of oil plunged more than $7 and the dollar surged.
Microsoft will slash the price of its Xbox 360 game console in Japan by about 30%, below Nintendo's Wii and Sony's PlayStation 3 as it tries to boost its market share, a newspaper reported on Monday.
For the week and month ending Friday, August 29, 2008, the major U.S. Indices ended slightly lower for the week but up for the month. The markets had a volatile week, sinking first on housing price drops and an up-tick in oil prices, then rallying on better-than-expected GDP numbers, and finally falling to end the week on worse-than-expected personal income and spending data. The Dow hit a 200+ point rally on Thursday, its largest one day gain since 8/8. The NASDAQ led the indices to the downside this week, down nearly 2%. For the August close, the Dow, Nasdaq and S&P all finished up 1.5% or more, marking the best monthly gain since April for the Dow & S&P, and best month for the Nasdaq since May.
The news business can be an ugly business sometimes. Just ask Apple and its CEO Steve Jobs—the subject of an erroneous obituary report Thursday. We in the news business sensationalize, we rationalize, we sanitize, we get things wrong, and sometimes we stick with stories far too long. But the ugly little truth is that the news business can actually (mis-)manage the news itself...
Patrick Becker Jr. says large-cap stocks are an investor's wisest choices in the current volatile market environment.
Intel CFO Stacy Smith joined the "Squawk Box" crew live on set Monday morning for the first time, and it was a good visit. In many ways.
Here's an intriguing tidbit, courtesy of The Wall Street Journal: Google and Verizon are on the verge of a deal, whereby Google would be the default search engine for the carrier, and the two would split ad revenue. While the deal isn't done yet, it offers up interesting scenarios -- and would represent another loss for Microsoft.
You know those Apple commercials that skewer Microsoft: "I'm a Mac, I'm a PC." They're helping Apple sell more computers, but they're not helping Microsoft any. Now Microsoft is fighting back with its own message, investing $300 million in a new campaign for Windows.
Apple's "Mac vs. PC" ads are advertising legend now, and in 30 seconds can do more to spotlight the differences between Apple and Microsoft than just about anything else. So effective, they even annoyed Bill Gates. Microsoft's counter-attack? Jerry Seinfeld (!)
There has been so much written about Apple and the iPhone recently: the 3G issues, the MobileMe mess, the so-called Apps Kill Switch controversy, the iPod and its battery/BBQ issues, the company's $20 billion in cash, and a stock that continues to try to claw its way back from the doldrums. What investors ought to be focusing on, instead, is the back-to-school shopping season.
The Palm Treo Pro is one of the most anticipated product releases in the company's history. Riding the wave of the Centro smartphone, Palm was in a position to capitalize nicely on its marketplace momentum with Treo Pro's release Wednesday. But there's a hitch...
This is an important week for Intel, a company at a kind of competitive and technological crossroads. The company is hosting its annual developers' forum in San Francisco, with chairman and former CEO Craig Barrett delivering today's keynote.
Over the past few weeks, several Wall Street kernels have popped when it comes to Apple. And this morning, Pacific Crest Securities' Andy Hargreaves focuses on Apple's iPhone and its momentum in the marketplace.
The Burger King Bather continues to reverberate. As I blogged last week, a BK employee got fired for posting online a video someone shot of him taking a bath in the sink at work.
Do you believe that financials, pharma and telecom can maintain through an economic downturn? If so, you might want to take a look at the Dow Industrials where some of the largest companies in the world are currently offering investors notably large dividend yields.
The market ends the week mixed as oil retreats and the dollar continues to strengthen. The NASDAQ and tech lead the way for stocks, up almost 1.6% for the week, followed by the S&P roughly flat, and the Dow lower for the week by almost a percent.
An Infineon chip could be the root of complaints from around the world that Apple Inc.'s new iPhone drops calls and has unpredictable Internet links, according to a research report from Nomura.