Home Depot Reaps Housing Recovery Trickle-Down Effects
Justin Menza
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Stocks closed broadly higher in a holiday-shortened Friday session. The major averages all gained nearly 1 percent, leaving them at two-week highs. Big-cap tech stocks propelling the tech sector to its first positive week in the last 10.
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U.S. stock index futures rose ahead of a shortened post-Thanksgiving trading session. The U.S. stock market closes at 1 p.m. ET and the CME will be closing at 1:15 p.m.
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With bigger companies looking to grow, many may look to acquire smaller firms. That’s one of the reasons Mario Gabelli, chairman of Gamco Investors, sees opportunity in small-cap equities.
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The accounting problems at Autonomy were hard to miss, noted short-sell Jim Chanos told CNBC’s “Squawk Box” on Wednesday, and HP should have seen them.
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Bargain seeking consumers are expected to flock to the toy store on Thanksgiving and Black Friday, Toys R Us CEO Gerald Storch told CNBC on Wednesday.
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The fighting between Israel and Hamas in Gaza is likely to have only a limited impact on Israel's economy if it ends quickly, Bank of Israel governor Stanley Fischer told CNBC’s "Closing Bell" on Tuesday.
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Charley’s Grilled Subs has been growing quickly, but the company’s franchisees remain worried about the uncertain regulatory and tax environment, Bob Wright, the company’s CEO told CNBC's "Squawk Box."
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Stocks may have staged a rally on Monday, but investors should remain wary since there's no deal yet on the country's fiscal problems, Scott Freeze, president of Street One Financial, told CNBC’s “Power Lunch.”
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A looming increase in capital gains tax rates — not fears about going over the “fiscal cliff” —are responsible for the post-Election Day stock selloff, Jeremy Siegel says.
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Mining the boom in data for new insights and undiscovered relationships has created demand for new software and solutions and both major tech companies and start-ups are looking to take advantage of the emerging trend.