The software giant plans to reduce its workforce by 4-percent over the next 12-months. » Read More
One of the few shining stars in the recession has been tech ETFs. The Nasdaq 100 index is up 26 percent year-to-date, and was the first major index to turn positive this year. But we’re now in the thick of the real test for technology: earnings season...
This is nothing but a relief rally in a secular bear market and we’ll be in a secular bear market for another 10 to 15 years, said David Hefty, principal of Cornerstone Wealth Management.
Stocks opened higher Monday as investors were cheered by news of a deal that will avoid bankruptcy for commercial lender CIT Group and a better-than-expected start the earnings season.
Though the S&P 500 and Dow ended Friday little changed, the move for the week was anything but small with both indexes holding onto enormous rallies.
On a week where earnings dominated headlines with a strong performance by tech, the US markets rallied for the week, led by the Nasdaq Composite, up 7.44%. The NASDAQ pulled out 8-straight days of gains, for a gain of 8.04% in the past eight trading sessions.
Video game sales in June posted the biggest year-over-year decline in nine years, rounding out a very weak first half for the industry.
How are the Fast Money traders gaming this market into the close? Following are the “Fast & Furious” trades - hot ways to play today's market moving events.
The stock market decided it loved Intel's earnings report more than it loved my guess that we had to correct a bit more of the rally from the March lows. Intel's very solid earnings, and more important its outlook for the next quarter, caused the shorts to run for cover and the market averages rose about 3% across the board.
Mike Williams of Genesis Asset Management and Douglas Roberts of ChannelCapitalResearch.com shared their investment strategies. (Part One)
Mike Williams of Genesis Asset Management and Douglas Roberts of ChannelCapitalResearch.com shared their investment strategies. (Part Two)
Google continues to be an enigma, making more money than anyone else as a tech company, a media company, a company generating enormous cash flow yet holding onto its wallet in a cost-control way this company has really never seen before.
The Consumer Price Index was up .7% last month, while the core CPI rate, excluding energy and food, rose 0.2%. The consumer price index fell 1.19% in June from a year earlier.
I spoke with Intel CFO Stacy Smith moments after the company released its second quarter earnings report and he sounded an optimistic tune, to say the least
Call it Schadenfreude, tech style. Dell shares are off about 8% today after CEO Michael Dell announced yesterday that rising costs were weighing on margins. But could Dell's pain be Intel's gain?
Investors are predictably slamming shares of Take Two Interactive Software after Monday’s downwardly revised revenue guidance, with the focus primarily on the financial impact.
It seems we say this every quarter, but this is a particularly important earnings period, since there have been sporadic calls for the beginnings of an economic turnaround toward year end. If that's going to be the case, this is the earnings period, and the guidance, that should begin indicating whether those prognostications still ring true.
McAfee has been caught in a fairly tight trading range for much of the last two months, but options traders are betting that the computer security company will move significantly higher by mid-August.
Now Facebook employees (past and present) have an opportunity to cash out some of their stock, lifting some of the pressure on the company to go public.
Stocks turned negative as energy prices continued an aggressive slide and outweighed a surge in banking stocks. Stocks were mixed earlier as banking leaders surged on positive comments from analyst Meredith Whitney but technology stocks slumped amid economic worries. Read and listen to what the experts had to say…
I went out on a limb on Friday, suggesting that Social Networking is the technological emperor with no clothes since I haven't seen a single business model out there that actually generates any money. And it's certainly not for a lack of trying, along with some brilliant minds, who've had plenty of time to come up with something real.