As was widely expected, the European Central Bank cut interest rates for the first time in close to a year from 0.75% to 0.50%. The rate cut was driven by an economy in recession, with unemployment hitting a record high in April and inflation dropping the most in more than four years
One of the most common numbers you hear if you listen to stock forecasts is the "P/E ratio"--the price of the stock or market relative to the company's earnings. Sometimes, the P/E ratio can be very useful for getting a sense of whether a stock or market is cheap or expensive. At other times, however, the number can be highly misleading
Many market strategists credit the Federal Reserve with the rally that has pushed the Dow and the S&P 500 to record highs.
The U.S. Treasury this week announced plans to retire $35 billion in notes , the first time the government has paid down debt since 2007. It’s a significant milestone for Treasury and $35 billion is a lot of money for mere mortals, but barely a drop in the $16.7 trillion bucket of our nation’s debt.
The Commodity Futures Trading Committee is currently holding a hearing on the market impact of the April 23 rd Twitter attack.
It was one week ago this Tuesday that a hacked AP account tweeted, “Breaking: Two Explosions in the White House and Barack Obama is injured” to its 1.9 million followers. Moments later, the @AP twitter handle released a statement saying they had been hacked and that President Obama was fine, but the markets had already reacted
One of the big problems in the U.S. economy right now is that big corporations are generating record profits not by growing revenues but by cutting costs. "Costs," as everyone who works for a big corporation knows, are a synonym for employees, employee wages, employee perks, capital investment, and research and development
The United States government has had two years to head off automatic "sequester" spending cuts that most people agreed were unnecessary and almost everyone hated. But these days, the government doesn't do anything unless public anger hits such a state of fervor that Congress -- people actually begin to fear for their jobs.
Provided by Business Insider Billionaire hedge fund manager George Soros has reported a 7.91% passive stake in JCPenney, according to a securities filing with the SEC. The news sent JCPenney ( JCP ) shares soaring 7% in after-hours trading Thursday.
Netflix ( NFLX ) is on top of its game.