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Salesforce.com is target of takeover interest
Shares of Salesforce.com closed up sharply following a report that the company has hired financial advisers to handle takeover inquiries. Trading was briefly halted in Salesforce.com CRM because of the...
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ExxonMobil beat was best in quality among supermajors
Exxon Mobil on Thursday reported quarterly earnings and revenue that topped analysts’ expectations. Exxon Mobil’s shares were little changed in early trading Thursday. The oil giant reported a 46...
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Wall St. fails to savor McDonald’s turnaround recipe
Wall Street isn’t lovin’ McDonald’s (MCD) latest turnaround effort as its new management team attempts to revive the world’s largest fast-food chain. Shares closed on Monday down 1.7% at $96.13 after...
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Stocks fall for 2nd day; oil rises above $61
An early rally on Wall Street quickly evaporated, as the combination of rising oil prices and higher interest rates took a toll on stocks for a second straight session. After rallying more than 90...
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Fresh data this week will turn speedometer on economy
Coming off Friday’s mixed report on April employment, this week’s news calendar should bring more clarity on whether the U.S. economy is picking up speed or merely cruising. The Labor Department will...
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S&P 500 hits record as stocks end mixed
The S&P 500 inched up to set a new closing high for a second straight day as stocks closed mixed on an otherwise listless Friday. Both the Dow and the Nasdaq started the day within striking...
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Study: $24B in company matches left behind
Over the past decade, employers have increased efforts to enroll workers in retirement savings plans. And they’ve paid off. Participation rates are at all-time highs with nearly eight in 10 employees...
View ArticleWait continues for easier access to mainland China shares
Want an easier way to invest in shares of Mainland China stocks? Well, that day is getting closer, but investors will have to wait a little bit longer. Currently, American investors that want to buy...
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Nasdaq new high but up just 0.2% from 2000 peak
The Nasdaq composite made history yesterday, topping its old intraday record high from March 2000. Markets cheered the news. But the sad truth is the Nasdaq is simply back to where it was 15 years ago....
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Stocks surge on Greek debt deal optimism; Nasdaq hits record
Stocks surged Monday as a relief rally around the globe is underway that sent the Dow up more than 100 points and the Nasdaq to an all-time record high. Stock markets in Europe are up sharply and...
View ArticleNetflix’s stock split may be bad news
Stocks are lower Wednesday but shares of Netflix (NFLX) are bucking the trend. Netflix soared to a new all-time high in early trading before falling back later in the trading as the streaming video...
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Pricey biotechs take flight despite Yellen’s 2014 warning
A year ago, Fed chair Janet Yellen made waves when she warned of “substantially stretched” valuations in the biotech sector. Her market call was ill-timed. A popular biotech ETF is up more than 50%...
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Yelp shares plunge, chairman steps down
Yelp, the crowed-sourced reviews site, has taken a big hit from shareholders after a review of its own. Shares of the site toppled 28% Wednesday after it reported grim second-quarter earnings Tuesday...
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Supreme Court might hear insider trading case
A groundbreaking case that challenges the legal definition insider trading might be headed to the U.S. Supreme Court. The Department of Justice (DOJ), in a petition backed by the U.S. Solicitor General...
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Citibank investigated over student loan servicing
Citibank is under investigation for its student loan-servicing practices, the New York-based bank disclosed Monday. The bank said it’s cooperating with the investigation, but warned that regulators may...
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Apple’s stock breaks 3 key levels
Investors wondering how low Apple (AAPL) stock can go are having to lower their expectations even more. Shares of the gadget-maker Monday are down $2.68, or 2.2%, to $118.72 — breaking below three key...
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Stocks fall as Dow faces 4th day of losses; Apple sinks
Stocks were slightly lower in lackluster trading Tuesday as shares of Apple fell further, helping to push the Dow towards a fourth straight day of losses. Oil prices moved higher and returned above $46...
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CVS shares fall on slowing retail sales growth
Shares of CVS Health (CVS) fell in Tuesday trading after the U.S. drugstore chain reported better-than-expected earnings but said retail sales growth slowed in the second quarter. The decline came...
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Apple stock implosion shreds $113.4B
Apple (AAPL) shares are down significantly for the second day Tuesday – bringing investors’ paper losses staggering levels and putting the stock further into correction territory. It’s the stock’s...
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Television rises while TV stocks sink
The other day, a senior Facebook executive sent me a link to a New York Times story about the precipitous drop in TV stocks, saying that while he didn’t necessarily regard share prices as a sign of...
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BlackBerry acquires Good Technology for $425M
A string of acquisitions are giving some technology stocks a push, most notably BlackBerry after it scooped up a company specializing in mobile security. BlackBerry. Shares are up 2.5% in pre-market...
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Buying Google stocks is a good idea
Google stock has delivered massive gains for investors over the long term, and our contributors believe the online search giant still offers big upside potential. Google stock has delivered massively...
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Tim Cook: Apple is killing it in China
At $116, Apple stock may not be the same buying opportunity it was in late August when shares traded close to $100, but about $19 below its all-time high, and with shares trading at a meaningful...
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Ralph Lauren shares soar as founder steps aside
Shares of Ralph Lauren (RL) soared in Wednesday morning trading, the day after the fashion industry icon announced he was giving up the CEO title at the company that bears his name. The New York...
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Nasdaq turns red for 2015; Dow off 77 points
Stocks climbed out of a deep dive Thursday, but the Nasdaq slid into negative territory for the calendar year as stocks posted their third straight down day. The blue-chip Dow index took a hit from...
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SEC accuses NY trading firm of “spoofing”
A New York trading firm and its co-founder have agreed to a more than $1 million Securities and Exchange Commission settlement over profiting from alleged financial market manipulation known as...
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Wall Street to give Fed minutes a once-over
The Federal Reserve’s September meeting was notable for what the Fed did not do: raise interest rates for the first time in nearly a decade, a decision that at the time confused investors and caused a...
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Stocks mostly higher as rally rolls on
Stocks are basically higher Friday as the post-correction rally rolls on amid signs U.S. companies will top low third-quarter earnings estimates and the growing belief the Federal Reserve will hold off...
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Stocks’ win streak hits six weeks
Stocks ended mostly higher Friday and bond yields spiked after a robust October jobs report increased the odds that the Federal Reserve will finally pull the trigger and raise interest rates for the...
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Mega pharma deal boosts biotech shares, but pharma shares trade mixes
The biggest marriage in the drug industry’s history hasn’t provided the type of booster shot to shares of deal participants Pfizer and Allergan, nor has the merger provided a major lift to shares of...
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Post-split HP 2016 forecast on tap
Wall Street is interested to hear from executives Tuesday of both companies that emerged from last month’s split of Hewlett-Packard, when its fiscal year financials are released after the market...
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Chinese stocks fall 5.5%, other Asian markets down
China’s main stock market index fell more than 5% on Friday after two securities firms said they are under investigation for possible misconduct. The Shanghai composite index closed 5.5% lower at...
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Firearm stocks jump amid gun control talk
Talk of tighter gun control rules is giving a boost to gun stocks. Following the recent spate of mass shootings in California, Paris and other areas, firearms are back in the sights of politicians....
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Yahoo to hold off on Alibaba spinoff
Struggling Web media company Yahoo has decided to forego its spin-off of its $30 billion-plus stake in Chinese e-tailing giant Alibaba, according to a report by CNBC. As a result of pressure from...
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Wells Fargo fund pro sees 10% gain in 2016
There is a lot of tension on Wall Street. The stock market has stalled near record highs. And the Federal Reserve is about to boost interest rates for the first time in nearly a decade. What better...
View ArticleAtlassian shares quiet after big debut
Atlassian. Shares are up nearly 1% in morning trading, a quieter start compared to its Thursday debut, where the company’s stock closed up 32% to $27.78. The Australian-based software company kicked...
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Global stocks mixed ahead of Fed meeting
Global stocks were mixed Monday as Wall Street looked ahead to a Federal Reserve decision this week that could see interest rates raised for the first time since the financial crisis. In Asia, Tokyo’s...
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Apple fails yet again: $133.5B vanishes
Apple (AAPL) shares are falling hard yet again Monday – dipping below $110 for the first time since October – marking the latest failure for the stock and a new push toward its lows. Shares of Apple...
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Tech investors don’t share Goldman’s Apple ‘conviction’
One month ago, Goldman Sachs added Apple shares to its “conviction buy” list, its highest rating for any stock. So far, though, technology investors haven’t embraced Goldman’s bullishness on the...
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Dow craters 369 as slowdown reality sets in
U.S. stocks cratered in their worst day in months as investors are starting to realize global growth is likely to slow down. The market’s change-of-heart became clear Friday when the Dow Jones...
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Earnings give BlackBerry shares lift
Smartphone maker BlackBerry reported third-quarter earnings Friday. BlackBerry. Shares jumped in early trading after the company beat estimates on third quarter earnings and revenue. For the quarter,...
View ArticleRecord number of brokers barred, suspended in 2015
A record number of punishments were levied against bad brokers in 2015 by the Financial Industry Regulatory Authority (Finra), the brokerage industry’s personal regulator. In 2015, 492 brokers were...
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Fed hike in March? Nasdaq stumbles 2.2%, Dow off 223
Stocks dove sharply into negative territory after the Federal Reserve signaled Wednesday that it has not ruled out another interest rate hike at its March meeting despite noting that it is “closely...
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Wall Street volatility rules as stocks retreat again; Dow drops about 50
Volatility continues to rule on Wall Street as stocks bounce around in choppy trading Tuesday amid oil weakness and global stock turmoil that saw Japanese shares fall more than 5% overnight. Global...
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Bank stocks take investors to the cleaners
It’s no surprise energy stocks are in a world of hurt — that’s what happens when oil is this cheap. But seeing bank stocks fall apart is the latest chapter in the unfolding sell-off, and a much scarier...
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Fed minutes could shed light on rate hikes
Federal Reserve Chair Janet Yellen signaled this past week the central bank will be reluctant to raise interest rates next month if global economic troubles and the punishing slide in markets don’t...
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Allergan earnings top Wall Street forecasts
Shares of Allergan (AGN), the pending merger partner of U.S. pharmaceutical giant Pfizer, rose Monday after the Ireland-based company reported fourth-quarter earnings that topped Wall Street forecasts....
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ECB effect: Dow, S&P 500 flat as Nasdaq slips 0.3%
U.S. stocks gave up early gains Thursday as investors digested an array of fresh stimulus measures from the European Central Bank designed to combat weak growth and low inflation but questioned whether...
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2016′s winner might shock you
Wall Street appears to have regained its mojo, with stocks in one month going from the brink of a bear market to their highest point this year. But that’s not where the real action is. Oil, which had...
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Yellen’s speech in New York pulls stocks out of early dive
The Dow Jones industrial average and Standard & Poor’s 500 index both closed at 2016 highs Tuesday after Federal Reserve Chair Janet Yellen pulled stocks out of an early slump when she said the...
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