The eye of Irene made its way over the New York City Sunday, rolling directly over the borough of Queens, and though the storm unleashed intense rains and heavy winds on the city, it was downgraded to a tropical storm from a hurricane.
Stocks closed near session lows Thursday, reversing three days of gains, as investors remained cautious ahead of Bernanke's Jackson Hole speech on Friday.
Behind Apple's successful business lies a web of suppliers and distributors. We've drawn up a list of some of the biggest players in Apple's value chain.
Futures turned positive Thursday, as Berkshire Hathaway said it will invest $5 billion in Bank of America. Futures had been under pressure all morning after weekly jobless claims gained more than expected and following news that Apple CEO Steve Jobs announced his resignment.
Although the Dow soared to its biggest gain in almost two weeks, the market might be getting ahead of itself as investors eye a highly-anticipated speech by Federal Reserve chairman Ben Bernanke last this week, strategists said.
Stocks closed near session highs Tuesday, with the Dow posting its biggest gain in almost two weeks, despite a 5.8-magnitude earthquake in Virginia that shook parts of the U.S. East Coast and after investors shrugged off a handful of disappointing economic news.
With gold prices nearing $1,900 and more assets flowing in, the SPDR Gold ETF has become the largest ETF in the world, surpassing the heavily-traded S&P 500 SPDR.
Two big deals last week — Google’s takeover bid for Motorola Mobility and Hewlett-Packard’s purchase of Autonomy — underscored the growing influence of boutique investment banks. The New York Times reports.
Stocks squeezed out a small gain in thin, choppy trading Monday, erasing most of the session's earlier rally as traders were hesitant to fully jump in without any proper market conviction.
Cellphone plans that let people gobble up data as if they were at an all-you-can eat buffet are disappearing, just as a new crop of data-gobbling Internet services from Netflix, Spotify, Amazon, Apple and the like are hitting the market or catching on with wide audiences. The New York Times reports.
The recent drop in the stock market has lifted dividend yields in the Dow by 27 basis points from their levels in April 29, when the index closed near a three-year high.
Hedge-fund manager Phil Falcone accused AT&T and Verizon of interfering with LightSquared, a broadband startup in which he has invested about $3 billion.
Deutsche Telekom's CEO Rene Obermann is confident that the sale of its US unit T-Mobile USA to AT&T will get regulatory approval, he told CNBC Thursday.
Research In Motion on Wednesday unveiled five new BlackBerry phones with touchscreens, as it hopes to revive the line's dwindling appeal in the face of competition from the iPhone and Android smartphones.
Reports AT&T has banned employee vacations for the last two weeks of September to prepare for the launch of the iPhone 5 are misinformed, sources with inside knowledge told All Things Digital. Inside sources say it's more likely it will be an October launch.
Stocks reversed course in the final hour of trading to end lower Thursday amid thin volume as investors nervously awaited a key vote on a bill to cut the U.S. deficit in Congress this evening.
With the slight dip in the markets attributed to the stalled talks to raise the U.S. debt ceiling and the possibility of a default after the Aug. 2 deadline, analysts were split on whether the U.S. will default and how to play the market if it does, they told CNBC Monday.
Verizon posted second-quarter earnings that topped expectations, and announced that its CEO, will step down.
As Genworth shares continue to collapse, earnings estimates may be "cut in half," even before the company reports its earnings on July 29, John Eade of Argus Research Company told CNBC in an interview.
Stocks closed sharply higher Thursday after EU leaders agreed on a final bailout package for Greece, in addition to an encouraging report on the Fed's mid-Atlantic manufacturing survey and some robust earnings reports.