Stocks rose on Thursday after a surprise profit from Alcoa sent materials names higher and generated an overall feeling that earnings season had gotten off to a strong start. Read More
Priceline.com was up 14% yesterday after beating Q2 earnings estimates on strong sales and bookings and guiding above expectations for its current third quarter. The company noted that its results have been and continue to be helped by strong demand for leisure travel this summer, which has been spurred by lower prices via heavy discounting. Read More
What happened to China? The Shanghai Composite closed down 5 percent, it's biggest one day drop this year; at one point it was down 8 percent intraday. Read More
Immediately after Hertz forecast a surprise full-year profit, CEO Mark Frissora spoke with Fast Money. What should every trader know about this company? Read More
The recovery in general is spotty. I believe it is underway, but "less-bad" news is losing its ability to inspire stock-buyers. The recession is over, in my mind, but the nature of the recovery is still to be determined. Read More
Stocks briefly lost a little bit of steam as Fitch downgraded the state of California's long-term general obligation bond rating to "A-" from "A" and placed the bonds on Rating Watch negative "based on the magnitude of the state's financial and institutional challenges and persistent economic and revenue weakening." Read More
Hertz Global Holdings is making a big bet on the consumer. In an interview on CNBC, Hertz CEO Mark Frissora says he's "literally scrambling to buy as many cars" as he can to ramp up for a rebound in demand. Read More
I am fixated on this notion that has been proposed requiring the Fed to get permission from the Treasury before it acts in any emergency. It's letting the White House, via the Treasury, into the formerly independent Fed. Read More