Wednesday, April 22, 2015
Wednesday, April 10, 2013
If you follow the stock market or the business news, you’ve seen two companies dominating the headlines this week: Herbalife and J.C. Penny. And while it might seem that these two companies have nothing in common, they are, in fact, connected by one thing; or more accurately, by one man.
Friday, May 18, 2012
Facebook will make its much-anticipated debut today on NASDAQ as a public company. As of last night, Facebook's offer had risen to $38 a share, putting the total value of the company at $104 billion. But for investors who got burned in the dot-com bubble of the late 1990s, all of the hype and hysteria over Facebook is a little too familiar.
Tuesday, September 27, 2011
For months gold had been on a fantastic run, but last week gold prices plunged 9.6 percent, and then Monday another 2 percent, to $1,600 an ounce. Investors usually consider gold a safe bet, but they may not think of them that way anymore.
Thursday, September 22, 2011
Stocks plunged Thursday, extending a rout around the world. Indicators across the financial markets had investors concerned that there's no clear way the U.S. will avoid another recession.
Friday, August 19, 2011
Stocks plummeted yesterday, with the Dow Jones Industrial Average falling more than 400 points and Standard & Poor’s 500-stock index closing down 53.24 points, at 1,140.65. The day was just the latest in a series of wild swings in financial markets in recent weeks. What's causing the severe fluctuations? We're taking a look at how "robot traders" — computers that are programmed to automatically buy or sell stocks based on a set of criteria — affect the markets. Could market woes be tied not to human worry, but to machine worry?
Thursday, August 11, 2011
Markets kept the gains made throughout the day. The Dow Jones industrial average gained 423 points, or 3.95 percent, to close at 11,143.31. The S&P 500 gained 51 points, or 4.63 percent, to close at 1,172.64 and the Nasdaq gained 111 points, or 4.69 percent, to close at 2,492.68.
Wednesday, August 10, 2011
The Dow Jones industrial average closed down 520 points Wednesday on a day that concern over the weakening economy continued to percolate on Wall Street and send stocks tumbling.
Tuesday, August 09, 2011
Markets had severe case of the Monday's yesterday as stocks plunged. The Dow Jones industrials saw a drop of 634.76 points and not one stock in the Standard & Poor's 500 index saw an increase. In a word, investors were in a panic, desperately trying to find anything with value to put their money in.
Thursday, February 24, 2011
The on-going crisis in Libya and in parts of the Middle East continues to send oil prices higher.
Tuesday, February 01, 2011
Oil prices have been floating around $90 a barrel for weeks, but now, the turmoil in Egypt has pushed the price up. Crude oil jumped close to 4% on Friday and then 3.2% yesterday to settle at $92.19 a barrel. However, the output of crude hasn’t changed in the region, so what exactly explains the sharp rise in prices?
Tuesday, November 02, 2010
(Alex Goldmark, Transportation Nation) General Motors post-bailout, post-bankruptcy IPO is expected to raise between $8-$13 billion and transform the U.S. government's role from majority owner to minority shareholder. But the federal government would still be the largest owner.
GM is expected to file a final registration for the IPO on Wednesday, the same day they release quarterly earnings (and are expected to announce they are profitable for the third straight quarter). That's when we'll officially know how much they are trying to raise, as well as the exact share price. Some hints have already leaked out, though, and early reports are that shares will likely be priced at $26 to $29--considerably higher than earlier estimates. And at that price, AP estimates the total company valuation will be around $46 billion, which is similar to Ford.
During the bailout, U.S. taxpayers ponied up $50 billion to save the company and has so far gotten about $10 billion back. GM will use the money from the IPO to pay off debt, not raise operating capital. Initially, GM will only be offering a portion of their shares. The rest will come in subsequent offerings at a higher price, GM and the U.S. Government are hoping.
According to multiple reports, GM executives will now begin meeting with major investors --like foreign-based sovereign wealth funds, including those based in Kuwait and China.
Tuesday, August 03, 2010
New York Times finance reporter, Louise Story explains why Goldman Sachs is choosing not to put money into political advertising, despite the Supreme Court ruling that lessened restrictions. She also takes a closer look at why Fannie Mae stock, while worth little, is still trading heavily.