Stocks were modestly lower Tuesday despite potential positive catalysts such as the latest Greek bailout, a better-than-expected durable goods report, a spike in consumer confidence and another gain in the Case-Shiller Home Price Index, which hit its highest level since October 2010. One reason for the lack of enthusiasm: Rising skepticism about prospects for a deal to resolve the so-called fiscal cliff.
Another Apple bull has jumped ship. Barry Ritholtz, CEO of Fusion Analytics, has been reducing his clients' positions in Apple ( AAPL ) since October and has even advised them to cut exposure to the tech giant by at least a third in their personal portfolios
Nick D'Aloisio did not have a typical 17 th birthday: instead of celebrating with friends and family, he was busy launching the second edition of his popular iPhone app, Summly . While most 17-year-olds are worried about SATs and prom, D'Aloisio has kept busy by creating a news summarization app with over $1 million in financial backing. Summly uses an algorithm to summarize news stories from the largest news organizations.
Jim Rickards has a message for investors and politicians monitoring talks between Congress and the White House to avoid billions of dollars worth of spending cuts and take hikes set to take effect January 1: Be careful what you wish for. "There are only bad outcomes," says Rickards, a partner at JAC Capital Advisors.
Housing has been trying to show a few reasons here and there to suggest the sector's worst days are behind it, but you still won't necessarily find a lot of uber-bulls out there. Now, several stocks in the group have had good runs in 2012, led by PulteGroup ( PHM ), the best performer on the S&P 500 with a gain of 165.5% since the start of the year
Hewlett-Packard ( HPQ ) shares tumbled 12% to a 10-year low Tuesday after the company announced a shocking $8.8 billion write-down and dismal quarterly results. In 2011, HP acquired London's Autonomy for $11 billion in a bid to move deeper into software and services
A lot goes into pricing a home: location, size, and upkeep are all things that realtors take into consideration. More and more, realtors are also using marketing psychology to price homes. Local traditions and superstitions are also considered when determining an asking price.
An estimated 43.6 million Americans will hit the road and 24 million will take to the skies this Thanksgiving Day holiday. That means potentially big traffic jams on the ground, long, frustrating waits at the airports and ultimately a lot more stress for the individual traveler.
It's been just over a year since MF Global , the commodities brokerage firm led by Jon Corzine, filed for bankruptcy.
U.S. to Pass Saudi Arabia in Energy Production, IEA Says: Huge Foreign Policy, Economic Implications
Follow The Daily Ticker on Facebook! A new report by the International Energy Association says the U.S. will become the world's largest oil producer by 2017, overtaking current leaders Saudi Arabia and Russia. U.S