Unlike its predecessors, the new portable gaming system from Sony does not run on traditional packaged software. Any game or movie the user wants has to be downloaded — and that leaves retailers out of the loop on the most profitable part of any gaming system.
Following price cuts by its two rivals, Nintendoreduced the price of its Wii video game system by $50 later this week. The widely expected move could help the company reverse slowing momentum as it heads into the holiday sales period.
Wednesday's sudden late reversal on Wall Street highlights just how conflicted investors are: on one hand, they want to see signs of an economic recovery. On the other, they're somewhat disturbed by the idea that the phasing out of easy money policies by the Federal Reserve might be sooner rather than later.
Stocks ended lower Wednesday as the rally after the Federal Reserve's statement faded and investors began to worry that the central bank is inching closer to withdrawing stimulus measures that have propped up the economy. The Dow had briefly popped above 9,900.
Both the S&P and Dow sold-off Wednesday as comments from the Federal Reserve reminded investors that at some point the economy will have to stand-up on its own.
Following price cuts by its two rivals, Nintendo is expected to reduce the price of its Wii video game system by $50 later this week. The widely expected move could help the company reverse the company’s slowing momentum as it heads into the holiday sales period.
Stocks advanced after the Federal Reserve delivered one of its most optimistic statements in the past few years. The Dow more than doubled its gains after the announcement, sending the blue-chip index through 9,900 for the first time since last fall.
Stocks bounced around at the open Wednesday as the dollar slipped and investors remained a little jittery ahead of the Fed statement.
Although the Fed is expected to keep interest rates unchanged, investors will pour over the committee's statement and what they say could move the market!
The new day opens with the Dow, the S&P 500, and the Nasdaq coming off fresh 2009 closing highs, with investors now squarely focused on 2:15 pm ET this afternoon. That's when the Fed's Open Market Committee issues its latest statement on interest rates and the economy.
How will the weak dollar affect the stock rally and how should investors be playing the markets? Larry Adam, chief investment strategist at Deutsche Bank Private Wealth Management and Peter Boockvar, equity strategist at Miller Tabak shared their market strategies.
CEO Paul Otellini is accentuating the technology right now during his Intel Developer Forum keynote but the elephant in the room comes in the form of front page news about new disclosures about that huge European Union anti-trust case that has already determined Intel broke the law, and resulted in a $1.4 billion fine that Intel's already paid, but is appealing.
U.S. stocks rose to fresh 2009 highs this week, as investors continue to bet that an economy recovery might be in place. The Dow Index is once again near the 10,000-mark.
The run in treasurys is over and it’s now time for investors to sell the 10-year and 30-year bonds, said CNBC’s Mad Money host Jim Cramer. Should investors continue to build their position in bonds or should they look toward stocks instead? Barry James, president of James Advantage Funds and Stephen Wood, chief market strategist at Russell Investments shared their strategies.
The momentum and reinforcing positive cycle will likely carry the markets forward from this point, said Jason Pride, director of research at Haverford Investments.
The U.S. dollar rose against most major currencies on Friday, clawing off a one-year low against the euro as waning risk appetite cut demand for higher-yielding currencies. Art Cashin, director of floor operations at UBS Financial Services, offered CNBC his market insights.
When Microsoft released “Halo 3” a little shy of two years ago, it was a certifiable entertainment event. The conclusion of the hit franchise’s trilogy would ultimately sell 5.9 million copies, making it one of the top selling games of this generation of video game systems.
The company will introduce a long-awaited system that will instantly match ad buyers with ad sellers when a customer visits a Web site, reports The New York Times.
The new Zune, which replaces the old models, is Microsoft’s version of the iPod Touch — a gorgeous multitouch screen dominates the front. Its handsome, beveled metal case weighs next to nothing, yet still feels expensive and solid in the hand.
Technology became the first of the ten S&P 500 sectors to recover all of its losses incurred after Lehman’s bankruptcy one year ago.