Fitch Ratings warned U.S. lawmakers on Wednesday that it was prepared to downgrade the nation’s "AAA" rating if a fiscal cliff deal was not completed before Dec. 31.
Follow The Daily Ticker on Facebook! The number of cyber attacks on U.S. banks is rising. This week, attacks struck the websites of BB&T, HSBC, Ally Financial and Capital One Financial.
Follow The Daily Ticker on Facebook! Another major milestone for Apple ( AAPL ) on Monday when it became the most valuable publicly traded company ever (before adjusting for inflation). The tech stock ended the day up 2.63 percent to close at $665.15 a share, giving it a market capitalization of $623.52 billion. The stock is up more than 60 percent in the last year.
Follow The Daily Ticker on Facebook! Russell Wasendorf of Peregrine Financial was indicted last week on 31 counts of lying to regulators and robbing his firm's clients of about $200 million. Wasendorf, who plead "not guilty" to the charges, faces up to 155 years in jail
Follow The Daily Ticker on Facebook! The drought ravaging corn fields across the U.S. has caused the price of corn to jump 60 percent in three months.
By Henry Blodget Facebook's stock ( FB ) has dropped by half since the IPO three months ago. And the stock price is now well below the level at which most employees have been granted stock in the past 18 months.
Facebook's ( FB ) stock crash has done more than blindside investors who figured that no price was too high for the IPO. The stock's sell-off has even rattled CEO Mark Zuckerberg, who famously said he cares more about the company's social mission than its stock price
Follow The Daily Ticker on Facebook! U.S. consumers pulled out their credit cards and shopped in July, reversing a three-month downward trend in retail sales, according to the Commerce Department
Follow The Daily Ticker on Facebook! Gold has been a great investment over the last decade, but the precious metal has fallen from its 2011 all-time high of nearly $1,900 an ounce in recent months. The trajectory for gold could change very soon, says Chris Martenson, CEO & co-founder of Peak Prosperity and a long-time gold bug
Follow The Daily Ticker on Facebook! Tuesday was a big day for Facebook ( FB ) as 13F filings showed hedge fund heavyweights Moore Capital, George Soros, Steven A. Cohen's SAC Capital and Tiger Management took positions ranging from 15,000 shares to 2 million shares.