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Policymakers pump up market once again
The policy makers from around the globe started to pump up the markets anew at the end of October, when the Bank of Japan eased and the government delayed a consumption tax. That same day, Japan’s...
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United Technologies stock slips as CEO retires
Aerospace and building systems giant United Technologies announced Monday the abrupt retirement of CEO Louis Chenevert, and named Chief Financial Officer Greg Hayes to succeed him. Chenevert, 56, is...
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GDP booster shot backs bullish outlook
U.S. economic growth in the third quarter was revised up to 3.9%, a GDP booster shot that backs stock bulls’ big bet that the strengthening economy is supportive of stock prices. The government revised...
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European Markets Boosted by Energy Stocks
Energy stocks led European markets higher Tuesday, with investors eager to lock in profits after a brief pickup in oil prices during the previous session. Following a week of particularly heavy losses...
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Stock futures rise as China shares surge
U.S. stock futures eked out gains Thursday as Asia’s stock markets surged. China’s Shanghai Composite index rocketed 4.3% higher while Japan’s Nikkei 225 index added 0.9%. Both Chinese and Japanese...
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Apple drops $42.3B in value
Apple’s seemingly straight-shot higher is running into gravity, as the company has shed an astounding $42.3 billion in market value since hitting its peak in late November. Shares are down $2.55 Monday...
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Stocks tumble as oil prices plunge 4%
U.S. stocks fell Monday as the Dow tumbled more than 100 points and pulled back from the never-achieved 18,000 milestone. The energy sector led the market lower as oil prices continued to decline with...
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Microsoft Exits Nook Investment Troubled From Day One
Microsoft Corp. is selling back its stake in Barnes & Noble Inc.’s struggling Nook electronic-reader business for about $180 million less than it paid, as Chief Executive Officer Satya Nadella...
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Dow caps off brutal week with 315-point drop
Stocks plunged again Friday with Wall Street capping off one of its worst weeks of the year as tumbling oil prices spooked markets. It was Wall Street’s first losing week after seven straight weeks of...
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PetSmart buyout to fetch $8.2 billion
PetSmart is about to get a new owner, and this is no shelter rescue. The pet products retailer is being acquired for about $8.2 billion in what would be the biggest private equity deal of 2014. For...
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Stock rally is no Christmas fluke, economists say
This week’s stock rally, which sent the Dow Jones Industrial Average to new heights on Tuesday, is more than just good holiday cheer, according to the pros. Santa Claus came early this year for...
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Shareholders OK Walgreens-Alliance Boots deal
Shareholders of Walgreens on Monday overwhelmingly approved the final phase of the pharmacy giant’s acquisition of European drugstore and health products counterpart Alliance Boots. Approximately 97%...
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Dow up about 200: S&P 500 looks to end skid
Stock prices are up sharply Wednesday following the worst-three session start to a new year since 2008 amid rising hopes for more aggressive monetary stimulus from the European Central Bank after...
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Facebook, China and dividend payers boost global tech
Yet Facebook’s significant move up wasn’t the biggest stock-market hit among the world’s 20 most valuable tech firms. Year-end stock market data point to the two most valuable winning stories of 2014...
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By one measure, stock valuations at ‘post-war high’
Is the high-flying U.S. stock market more expensive than you think? You bet it is — if you measure it by the “median” price-to-earnings ratio of stocks listed on the New York Stock Exchange. That...
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Copper’s collapse tarnishing mining, metals stocks
Crude oil isn’t the only commodity getting trashed these days. A collapse in copper prices on the London Metal Exchange pushed prices down nearly 9% to their lowest levels since mid-July Wednesday on...
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Apple patent approval sends GoPro stock sliding
GoPro shares dove Tuesday after Apple received a slew of patents, including one suggesting it could get into the sports camera business. Included among several patents granted by the U.S. Patent and...
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Chipmaker Intel posted fourth-quarter earnings per share Thursday
Earnings per share of 74 cents surpassed estimates of 66 cents, according to S&P Capital IQ. Its sales of $14.7 billion were in line with expectations and up 6% over the same period last year....
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China shares plunge 8% on margin trade curbs
Chinese shares plunged about 8% Monday after the country’s securities regulator imposed margin trading curbs on several major brokerages, a sign that authorities are trying to rein in the market’s big...
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Verizon earnings up off ‘healthy’ demand
Verizon shares dipped slightly after its third-quarter earnings per share missed estimates. However, the telecommunications giant reported double-digit growth off “healthy” demand for broadband and...
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