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Why you need to eye the S&P 500's 200-day moving averge
Brian Shannon of Alpha Trends says the 200-day moving average on the S&P 500 may hold the answer to what's next.
Slump in mortgage rates fails to rally home buyers
Mortgage rates dropped to their lowest level, causing an 11.6 percent jump in mortgage applications, according to the Mortgage Bankers Association.
Apple CEO discusses security with top Chinese official...
Apple Inc Chief Executive Tim Cook discussed user data security at a meeting on Wednesday with a top Chinese government official in Beijing, the official Xinhua news agency reported. The meeting comes days after a Chinese web monitoring group published a report saying Apple users in China have been targeted in a sophisticated and widespread attack by hackers seeking private user data stored on the iCloud service. The group, Greatfire.org, has alleged Chinese government involvement in the hack, a claim the government has strongly refuted. Apple has not issued any public statements on the matter.
Xerox revenue falls on lower printer sales
Xerox Inc reported a 2 percent fall in quarterly revenue, hurt by slowing demand in its printing business. Revenue from the printing business fell 6 percent to $2.02 billion in the third quarter ended ...
U.S. economic recovery continues to strengthen-Deputy...
BEIJING, Oct 22 (Reuters) - Economic recovery in the United States has continued to strengthen and it is important for economies with the "space to do so" to take policy steps to boost demand, ...
China to Let World in on Job Gauge to Show State of Economy
Chinese Premier Li Keqiang has an insider's knowledge on the strength of the world's second-largest economy that helps him determine when stimulus is needed. Li has said several times this year that slower growth is tolerable as long as enough jobs are created, often referring to a survey-based unemployment indicator that's different from the registered urban jobless rate released every quarter. China's leaders have eschewed across-the-board stimulus and interest-rate cuts even as growth cooled to the weakest pace in more than five years last quarter, sticking to limited steps such as easing home-purchase controls. Having access to better barometers like the new unemployment measure would help economists estimate how deep a slowdown in gross domestic product the government will tolerate.
Futures flat after four-day rally, Yahoo up early
* Major indexes jumped about 2 percent on Tuesday, lifted by strong corporate results, especially in the tech sector, and a Reuters report that the European Central Bank was considering buying corporate bonds. Late Tuesday, both Yahoo Inc (YHOO.O) and Broadcom (BRCM.O) posted better-than-expected revenue growth.
Boeing's profit jumps 18 percent; raises 2014 earnings...
Boeing Co reported an 18 percent increase in quarterly profit and raised its full-year core earnings forecast for the third time, reflecting booming commercial aircraft demand. The company earned $1.36 ...
Total names Pouyanne and Desmarest to top positions
French oil major Total (TOTF.PA) on Wednesday appointed refining head Patrick Pouyanne as chief executive and former CEO Thierry Desmarest as non-executive chairman. The nominations at the head of the world's fourth-largest integrated oil company came less than 48 hours after the brutal death of Chairman and CEO Christophe de Margerie in a plane crash in Moscow. Desmarest, previously honorary chairman of the oil group, will keep his new position until the end of 2015, after which the roles of CEO and chairman would again be combined, Total said in a statement following an emergency board meeting. Pouyanne, 51, had a key role in merging Total's loss-making "downstream" refining and petrochemical units in recent years, and also had senior roles at the group's "upstream" exploration units in Angola and Qatar.
Big Tech winning battle with 'patent trolls'
Reviled as patent trolls, they have attacked everything from Google's online ads to Apple's iPhone features, sometimes winning hundreds of millions of dollars. "Their entire business model relies on intimidation, and that has lost its edge," said Efrat Kasznik, president of intellectual property consulting firm Foresight Valuation Group. "In some cases, there are just no current buyers for these patents at all," said Robert Aronoff, founder of the patent brokerage Pluritas, citing new legal standards for the change. NetApp, a Silicon Valley maker of sophisticated data storage devices, last month used a new legal precedent to force a patent holder to pay its legal fees.
Pimco banking chief expects 18 lenders to fail ECB stress...
Pimco's head of global banking, Philippe Bodereau, said he expects 18 banks to fail a stress test of regional lenders when results are published by the European Central Bank on Sunday. Bodereau, who runs ...
Faulty airbags warning expanded to 6.1 million U.S. cars:...
The U.S. highway safety regulator, NHTSA, expanded its warning on Tuesday about faulty airbags made by Japanese auto-part maker Takata to 6.1 million vehicles in the United States. "The National Highway ...
Apple Inc (AAPL.O) Chief Executive Tim Cook discussed user data security at a meeting on Wednesday with a top Chinese government official in Beijing, the official Xinhua news agency reported. The meeting comes days after a Chinese web monitoring group published a report saying Apple users in China have been targeted in a sophisticated and widespread attack by hackers seeking private user data stored on the iCloud service. The group, Greatfire.org, has alleged Chinese government involvement in the hack, a claim the government has strongly refuted. Apple has not issued any public statements on the matter.
European shares fall as bank stress test worries offset...
European shares slipped and the euro hit a one-week low on Wednesday as reports that at least 11 banks could fail a region-wide financial health check this weekend offset hopes of corporate bond buying by the ECB. Spanish Economy Minister Luis de Guindos said he was confident Spanish lenders would do well. "It is a dampener," said Beaufort Securities sales trader Basil Petrides of the Efe report, which reversed an upbeat start in European trading on better-than-expected company earnings and hopes of ECB corporate bond buying. European companies also got a lift after several sources told Reuters on Tuesday that the European Central Bank was considering buying corporate bonds on the secondary market and may make a final decision as soon as December with a view to beginning purchases early next year.
ECB cools speculation over bank health checks ahead of...
MADRID/VIENNA (Reuters) - The European Central Bank cautioned on Wednesday against speculation over the outcome of its stress tests after a media report said at least 11 banks had failed the landmark financial health checks, driving some banking shares lower. Austria's Erste Group (ERST.VI) rejected the report from Spanish newswire Efe, which said that it along with banks from Italy, Belgium, Cyprus, Portugal and Greece, had failed the ECB review based on preliminary data, but it gave no details of the size of the capital holes at the banks. The ECB, which will publish the test outcomes for 130 banks on Sunday, said final results had not yet been sent to the lenders involved, and it could not comment on individual institutions. "Any inferences drawn as to the final outcome of the exercise would be highly speculative until the results are final on 26 October," said an ECB spokesman.
Cramer: It's time to snag stocks at a discount
The bulls proved they're not in hiding Tuesday as the markets zoomed higher, and CNBC's Jim Cramer thinks it's time to buy-in.
Icahn: 'Quite concerned' about stock market
Carl Icahn said U.S. stocks would be in trouble if it weren't for the Fed. Meanwhile, the legendary investor is concerned about a bubble in high-yield bonds.
Should IBM take a page from Alibaba's playbook?
For years, IBM’s leaders didn’t take strategy lessons. Here is the lesson from this fast growing company: customers first, employees second, shareholders third. Obviously, the strategy has worked thus far for Alibaba, which has become the world’s largest e-commerce company in terms of market capitalization. To be fair, Alibaba is a young company in an emerging industry, with sales that are a fraction of IBM’s. This means that, in a way, Alibaba’s robust growth might as well be just a numbers game.
Yahoo sales tick up as profits beat views
Yahoo Inc (YHOO.O) reported a modest increase in revenue during the third quarter, exceeding lacklustre Wall Street targets, as the Internet company's online display advertising business continued to struggle. Shares of Yahoo rose 1.1 percent to $40.61 in extended trading on Tuesday. “This is a continuation of what we’ve seen for most of the last two years," said Pivotal Research Group analyst Brian Wieser, citing the ongoing weakness in the display advertising business. Yahoo's revenue, excluding fees shared with partner websites, was $1.094 billion in the three months ended Sept. 30, a 1 percent increase from $1.081 billion (0.67 billion pounds) in the year ago period.
Here's why the market melted up
Stocks staged a steady rally as Ebola fears ebbed and oil prices stabilized. Expectations the Fed will stay dovish at next week's meeting helped too.
Expert who predicted rates would fall in 2014 says no...
Back in January, Dan Alpert, Managing Director of Westwood Capital, stopped by Yahoo Finance and told editor in chief Aaron Task that he thought interest rates would be falling as the Federal Reserve ended its bond-buying stimulus program called Quantitative Easing. With the Fed wrapping up the program this month, Alpert was right.
Coke, McDonald's and IBM are not safe. No company's too...
As blue-chip stalwarts of Corporate America falter in their attempts to revive growth, Wall Street is primed to expect the arrival of activist investors pressing for radical change.
The Upgrade Gap: Apple's New iOS Problem in One Chart
Somewhere in the infrastructure of Apple’s mobile ecosystem, something has broken. Last year, iPhone and iPad users upgraded in droves to the company’s new operating system, iOS 7. This year, not so much.
The richest person in all 50 states
Being rich is great. Being the richest person in your state is the greatest. That must be how Bill Gates and 49 other heavy-hitting Americans feel, after Wealth-X released a report ranking the wealthiest ...
At McDonald's despair, at Chipotle arrogance
As McDonald's business faces headwinds, its much smaller rival Chipotle is challenging the fast food dominance of the old guard.
Coke is 'not a well-run company,' says Cramer
CNBC's Jim Cramer knocked Coca-Cola after the beverage giant reported third-quarter earnings results that he called "ghastly."
Fed spotted JPMorgan 'Whale' risks years before scandal...
* Fed's inspector general criticizes failure to act * Whale trade led to billions in losses at Wall Street bank (Adds recommendations, outside comment, secret examiner tapes) NEW YORK/WASHINGTON, Oct 21 (Reuters) - The Federal Reserve's New York branch knew about risks JPMorgan Chase & Co was taking with its massive "London Whale" derivatives bets four years before they imploded, but it failed to act properly to head them off, the U.S. The Fed's Office of Inspector General said on Tuesday one of the key flaws it uncovered in its probe of the 2008 transaction at the Wall Street bank was the New York Fed's over-reliance on certain personnel who left the supervisory team in 2011.
Unemployment rates fall in 31 US states last month
Unemployment rates fell in 31 U.S. states in September, including in many where incumbent governors and senators face tough re-election campaigns. The report is the final data on state unemployment before ...
Fed to Banks: Shape Up or Risk Breakup
Federal Reserve officials sent a warning shot across Wall St. on Monday, telling bank executives they must do more to curb excessive risk-taking and improve employee behavior or face stiff repercussions.
McDonald's CEO outlines changes as sales slide
After posting yet another disappointing quarter, McDonald's CEO Don Thompson said Tuesday the company hasn't been keeping up with the times and that changes are in store for its U.S. restaurants. Thompson ...
Gross move sees Janus fund inflows jump over 500%
The Janus Global Unconstrained Bond fund saw inflows jump over 500 percent in September after Bill Gross left Pimco to manage the fund.
A mega-bull's playbook for market selloffs
Buy cyclical stocks, sell more defensive names says James Paulsen, chief investment strategist at Wells Capital Management.
Coke to slash costs as soda sales remain flat
NEW YORK (AP) — Coca-Cola said it plans to slash costs by $3 billion a year after the world's biggest beverage maker reported disappointing sales on flat soda volume.
China economy grows at slowest pace in 5 years
BEIJING (AP) — China's economic growth waned to a five-year low of 7.3 percent last quarter, raising concerns of a spillover effect on the global economy but falling roughly in line with Chinese leaders' plans for a controlled slowdown.
EU to fine JPMorgan, UBS, Credit Suisse over Swiss franc...
BRUSSELS (Reuters) - This story on a source saying the European Commission was planning to fine three banks for rigging Swiss franc Libor interest rates is withdrawn after the Commission said only one ...
Street to focus on earnings, digest China GDP
U.S. stock index futures are signaling a higher open on Wall Street on Tuesday after better-than-expected Chinese growth data.
Oil at $80 a Barrel Muffles Forecasts for U.S. Shale Boom
The bear market in oil has analysts reassessing the U.S. Drillers would add fewer barrels to domestic output than the previous year for the first time since 2010, according to Macquarie Group Ltd., ITG Investment Research and PKVerleger LLC.
ECB looking at corporate bond buys, could move as soon as...
The European Central Bank is considering buying corporate bonds on the secondary market and may decide on the matter as soon as December with a view to begin purchases early next year, several sources familiar with the situation told Reuters. Policymakers are desperate to revive the euro zone economy, which is barely growing and dogged by low inflation of 0.3 percent, far below the ECB's target of just below 2 percent. The ECB has already carried out work on corporate bond buying, which would widen out the private-sector asset-buying programme it began on Monday. "The pressure in this direction is high," said one person familiar with the work inside the ECB, speaking on condition of anonymity.
Global shares rally on U.S. tech earnings, ECB purchase...
By Sam Forgione NEW YORK (Reuters) - A measure of global equity markets advanced on Tuesday as technology earnings lifted U.S. shares and the prospect of European Central Bank corporate bond purchases ...
Earnings may not be what's driving market right now
Apple's good news should be a positive for stocks Tuesday, but global growth woes remain in the background as traders watch China and Europe.