Last week, the speculations surrounded Apple's (NASDAQ: AAPL) second-quarter earnings, then it shifted to the company’s massive bond offerings, and now the speculating eyes are set on the company’s main reason for existence—its products. Radical changes to iOS 7, the new version of the operating system that powers the company's iPhones and iPads, is thought to put the company at risk of falling behind its more »
By Farah Lalani - April 22, 2013
Remembering his State of the Union promise of a “rising and thriving middle-class,” President Obama focuses on quality of life, job creation, and education in his 2014 budget. Goals in these three areas will be achieved by $3.8 trillion in new spending.
Nevertheless, taking care of the middle-class isn’t the only promise the president remembers.
Debt reduction of 1.8 trillion in his budget comes straight from an more »
Economic situation for August is scheduled to be reported on Friday, September 7 at 8:30 a.m. ET. Only three more economic situation reports (job reports) are scheduled before the election. The American economy has to add another 316,000 jobs in the next 3 reports for Obama to break even. Meaning, get back to where it was in January 2009 when Obama was sworn in.
In the last more »
Last week's disappointing jobs report raised fresh concerns about the U.S. economy's recovery, as the Dow and the S&P 500 extended losses to a fifth day on Tuesday. After increases of 240,000 in February and 275,000 in January, payroll jobs in March advanced a modest 120,000.
Coming off a period of towering optimism can be problematic. Investors cannot control the cycles of the more »
With $32.9 billion in client assets, Wells Fargo & Company (NYSE: WFC) officially launched its Abbot Downing brand Monday to serve the ultra high net worth client sector. Since the initial announcement in November last year, shares of Wells Fargo has gained almost 40 percent.
The new brand seeks to expand its market share among roughly 10,000 households in the U.S. that have $50 million or more in more »
The world's second largest producer of cars and trucks, General Motors (NYSE: GM) has added more than 27 percent to its share price this year. General Motors went public again in late 2010, 16 months after emerging from bankruptcy protection. While the shares of General Motors have appreciated this year, there is still room for more growth. The fundamentals in place at the time of the $33 IPO just more »
With the dividend dates approaching for four notable stocks, investors wanting to get into the dividend game can be rewarded between 3 to 5 percent.
Date of Record
General Mills, Inc. (NYSE: GIS)
Sysco Corporation (NYSE: SYY)
Raytheon Company (NYSE: RTN)
April 2 more »
As the brick and mortar companies face threats from online retailers, the e-commerce industry doesn’t have it easy either. In fact, the competition between online retailers is even more fierce. When thinking about online retail businesses, one company immediately comes to mind and that is Amazon.com (NASDAQ: AMZN).
Amazon comes to mind for all the right reasons. A visionary leader, Jeff Bezos founded a humble company in 1994 more »
Retail sales rose 1.1 percent in February posting the largest gain in five months. Strength is seen in motor vehicle sales, which increased 1.6 percent and gasoline sales, which increased 3.3 percent lifted by higher gas prices.
Greatly known for its low fare brand, Southwest Airlines (NYSE: LUV) is trading below its 50-day moving average of $9.33 on Tuesday, primarily down on rising oil prices and Greek woes. Rising oil prices is an industry-wide concern, but nowhere near the 2008 levels when oil prices hit over $140 per barrel. Southwest is in a better shape than its peers to continue to flourish.
How is Southwest preparing more »
Oil prices hit below $109 a barrel on Monday after a 14 percent gain this month driven by fears of an Iranian supply cut. Airline stocks remained mixed after plunging last week with US Airways (NYSE: LCC) and Jet Blue (NASDAQ: JBLU) both falling the hardest at 11.4 percent and 9.3 percent, respectively. Delta (NYSE: DAL), Southwest (NYSE: LUV), United Continental Holdings (NYSE: UAL) all fell between 4 more »
Crude oil continues to trade above $106 per barrel since Iran cut off supply to Britain and France earlier this week. As the issues surrounding the Middle Eastern country's nuclear program escalates, the price of oil remains impacted.
Financials rose on Thursday despite a warning from Moody's about possible downgrades to credit ratings of 17 global and 114 European financial institutions.
The S&P 500 hit a nine-month high in hopes for a deal on Greek bailout. Greece expects to get approval on Monday from euro zone finance ministers to begin a debt swap with private bondholders in an effort to avoid a disorderly default. The hopeful more »
Stocks rose on Monday, led by bank shares after Greece's parliament voted for drastic spending cuts to pay for a 130 billion euro ($170 billion) bailout by the European Union and International Monetary Fund.
After months of internal strife, federal officials and five of the nation’s largest banks have agreed to a $26 billion settlement that could provide relief to nearly two million homeowners harmed by the housing crisis.
The five mortgage servicers in the settlement — Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC), Citigroup (NYSE: C) and Ally Financial — will provide their individual portions of the aid more »