Several behemoths, including Apple, the largest U.S. company by market value, as well as Microsoft, McDonald's (MCD.N) and AT&T (NYS:T), are due to report earnings. They'll be accompanied by highfliers like Netflix and Facebook, giving the first real cross-section of the state of corporate America as temperatures rise across the country and investors hope to put the cold weather behind them. Strategists will also be looking for clues on how badly China's slowdown hits U.S. corporate results. The first batch of earnings came out as equities were working their way through a selloff led by trading-crowd favorites like Netflix and the biotech stocks.
Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, on Friday lost a bid to dismiss some of the insider trading charges leveled against him last year. U.S. District Judge Naomi Reice Buchwald in Manhattan ruled that the indictment adequately alleged the essential elements of the crimes charged. A lawyer for Rajaratnam did not respond to a request for comment. A spokeswoman for Manhattan U.S. Attorney Preet Bharara declined to comment.
Jules Melancon, the last remaining oyster fisherman on an island dotted with colorful houses on stilts, says he has not found a single oyster alive in his leases in the area since the leak and relies on an onshore oyster nursery to make a living. The British oil major has paid out billions of dollars in compensation under a settlement experts say is unprecedented in its breadth. Some claimants are satisfied, but others are irate that BP is now challenging aspects of the settlement. The oil company has spent over $26 billion on cleaning up, fines and compensation for the disaster, which killed 11 people on the rig and spilled millions of barrels of oil into the Gulf of Mexico for 87 days after the blast on April 20, 2010.
Fed Chair Janet Yellen says the economy could be recovered by the end of 2016. What would that mean for your family's jobs, incomes and home values?
Gallup's latest poll shows Americans see real estate as the best long-term investment, Yahoo Finance's Phil Pearlman on what it actually means
Robert Shiller, Nobel prize-winning economist and co-founder of the S&P/Case-Shiller Home Price Index, offers his outlook on the housing market as the spring buying season gets underway.
High-speed trading firm Virtu Financial Inc, which has been pursuing an initial public offering, has received a letter of inquiry from the New York attorney general amid a wider probe of the industry, a person familiar with the matter said on Friday. News of the request by the office of New York Attorney General Eric Schneiderman came amid heightened attention to high-frequency trading following the publication of author Michael Lewis' book "Flash Boys: A Wall Street Revolt" last month. Schneiderman's office had earlier sent subpoenas to more than half a dozen high-speed trading firms including Tower Research Capital LLC, Chopper Trading LLC and Jump Trading LLC, a person familiar with the matter previously told Reuters. Federal agencies including the Justice Department, Securities and Exchange Commission and Commodity Futures Trading Commission have also said they had active probes into high-speed and automated trading.
“Maybe it’s an ego trip or something, but people love the idea of owning 10,000 shares of a terrible $2 or $3 stock,” says trader Jonathan Hoenig.
Chobani plans to expand beyond its Greek yogurt cups this summer as it faces intensifying competition in the fast growing category. Starting in July, the company plans to offer Chobani Oats, which is yogurt ...
More than two-thirds of the states reported job gains in March, as hiring has improved for much of the country during what has been a sluggish but sustained 4 1/2-year recovery. The Labor Department said ...
Thomas Piketty, author of "Capital in the Twenty-First Century" talks with The Daily Ticker's Aaron Task about the rise of inequality in the U.S.
If you’re invested in this market, you may feel like 2014 has been one long ride on a roller coaster. Although the S&P 500 is flat for the year, it’s been one bumpy ride getting here.
Is Facebook’s main service still relevant? An argument for why it feels fusty, and why Mark Zuckerberg seems to know it.
Eight million people have signed up for health care through new insurance exchanges and the proportion of younger applicants has increased, President Barack Obama said Thursday. The enrollments exceeded ...
Barbie sales are down 14 percent. Is this sign of a change?
By setting up a fund, GM could avert years of civil litigation and limit its financial and reputational harm. GM has retained Kenneth Feinberg, a Washington lawyer who has overseen compensation funds for victims of high-profile catastrophes like the BP Plc oil spill and the September 11, 2001, attacks. Feinberg told CNBC on Wednesday that GM is "asking me to help develop some sort of program that might be used to compensate eligible claimants." A spokesman for GM, Jim Cain, said Feinberg is "highly respected for his handling of compensation issues, and we've hired him to explore and evaluate all options." That work is ongoing, and no decisions have been made, Cain said.
Asian stocks were mostly higher in trading muted by Good Friday observance. Markets in Europe, the U.S. and many countries in Asia were closed for the holiday. Oil trading also was suspended. Among the ...
China's home price inflation slowed to an eight-month low in March, extending to a third month a loss of momentum in a property market that has been a strong spot in the world's second-largest economy. Average new home prices in China's 70 major cities rose 7.7 percent in March from a year earlier, easing from the previous month's 8.7 percent rise, according to Reuters calculations based on data released by the National Bureau of Statistics (NBS) on Friday. Analysts said the cooling of the property market is an initial indication of stabilisation and they expected the easing trend to continue this year. China's property market has lost steam since late 2013 as authorities tightened controls on speculative buying, and as banks made it harder for home buyers and small developers to get loans.
Faced with growing public anger about a poisonous environment, China's government released a yearslong study that shows nearly one-fifth of the country's farmland is contaminated with toxic metals, a stunning ...
A judge overseeing thousands of NFL concussion-linked lawsuits says lawyers are still working to address her concerns about a proposed $765 million fund. U.S. District Judge Anita Brody says she fears ...
When the world of finance starts speaking in the language of self-help it's time to tune out your emotions and study the charts. National treasure and friend of Breakout Louise Yamada of LY Advisors is here to tell us what the technicals are saying about the market's mental health.
On Thursday, Chinese messaging service Weibo and Sabre Holdings, the parent of Travelocity, made their public debuts. But it's hardly the stuff bubbles are made of, according to venture capitalist and former tech CEO Ben Horowitz.
President Barack Obama says 8 million people have signed up for health care through new insurance exchanges. That's 1 million more than congressional scorekeepers had initially projected.
Chinese social media company Weibo Corp.'s shares soared in their U.S. market debut Thursday. Weibo was launched four years ago by Chinese online media company Sina Corp. Weibo provides a Twitter-like ...
The Congressional Budget Office estimates that a Senate Democratic proposal gradually boosting the minimum wage to $10.10 hourly would force businesses to spend $15 billion more in salaries in 2017. The ...
The official nonpartisan take on President Obama's 2015 budget proposal is in: He would curb deficits even more than today's policies. Of course, the budget wheels for next year are already in motion in ...
Two years after Facebook’s tumultuous IPO the company has found success once more with strong financials and an ever-growing user base. Nearly one-fifth of time Americans spend on their smartphones is spent using Facebook and the company has been successful in its acquisitions of Instagram (for $1 billion), Whatsapp ($19 billion) and virtual reality platform Oculus ($2 billion).
Controversial Internet television service Aereo is much like other popular high-tech entertainment products that courts have found to be legal, the company’s chief executive, Chet Kanojia, maintains. Broadcasters have sued, saying Aereo is distributing their programming without paying the licensing fees required by copyright law.
Fed chair Janet Yellen's speech Wednesday was as interesting for what she didn't say as what she did, points out FT Alphaville's Cardiff Garcia.
Fewer Americans are working-or trying to work. Reversing this trend has to be a priority for the next administration, says Wharton Prof. Joao Gomes.
Today's trending tickers highlight moves in Google, IBM and Goldman Sachs.
A rebound in home prices has slowed in recent months, so has the recovery process for those still submerged with negative equity.
The social network will begin offering “app install ads,” which prompt smartphone users to try new games and other apps. The category has been a lucrative franchise for Facebook.
Heritage Capital's Paul Schatz says buy these 3 sectors as the bull market heads into the final stages.
Wal-Mart said on Thursday that Euronet Worldwide Inc's Ria Money Transfer subsidiary would begin running the service, called "Walmart-2-Walmart," next week. The new service, which Wal-Mart says will charge lower fees than those currently offered by competitors, will enable shoppers to send and receive cash from family members and friends at more than 4,000 U.S. discount stores. Wal-Mart, which will not offer the service online or in its international stores, hopes consumers will turn around and spend at least some of that money at the stores. Daniel Eckert, senior vice president of services for Walmart U.S., said Walmart-2-Walmart "challenges the status quo and drives down prices."
Jobless claims increased by 2,000 to 304,000 in the week ended April 12 from a revised 302,000 the prior period that was the lowest since September 2007, a Labor Department report showed today in Washington. The Bloomberg Consumer Comfort (COMFCOMF) Index climbed from a nine-week low, reflecting more upbeat views on the economy, finances and buying climate. "The labor market is getting better," said Brian Jones, senior U.S. economist at Societe Generale in New York, who forecast 305,000 claims. Stocks were little changed, after the best three-day rally in two months, as disappointing sales from Google Inc. and IBM offset earnings from Morgan Stanley and General Electric Co. The Standard & Poor's 500 Index was up less than 0.1 percent to 1,863.12 at 10:38 a.m. in New York.
Home Depot Inc. has all but given up on opening new stores in the U.S., but the home-improvement retailer made an exception in January to open a store in an area it said it couldn't pass up: Minot, N.D., in the heart of the American shale oil and gas boom. "If you had said to me seven years ago, you'll be opening a store in Minot, North Dakota, I would have asked, Why?" Chief Executive Frank Blake said in an interview. The 100,000 square-foot store is more than a four-hour drive from Home Depot's nearest location and is the only U.S. store Home Depot opened in the fiscal year ended Feb. 2. Home Depot is among a number of retailers including Wal-Mart Stores Inc. and GameStop Corp. targeting oil and gas towns in North Dakota, Texas and Louisiana, in an otherwise dour environment for retail real estate.
The Federal Reserve's New York office indicated to Citigroup that the bank would have more time to fix certain "stress test" planning problems before Fed officials in Washington last month gave it a failing grade, said people close to the company.
General Electric's new focus on oil and gas equipment helped the company to post strong first-quarter results. GE posted lower overall first-quarter net income than a year ago, but that's only due to the ...
Foreign-exchange dealers say they have the solution to the high-frequency trades eroding banks' profits across financial markets. A currency-dealing platform known as ParFX, established in 2011 by firms from Deutsche Bank AG to Citigroup Inc., was approached last month by banks asking if its technology could be applied to other asset classes, Chief Executive Officer Dan Marcus said. "These banks do need to trade foreign exchange because it's their business and they're hedging their currency exposure across the world," London-based Marcus said in an April 15 interview. High-frequency trading is coming under unprecedented scrutiny with the publication last month of Michael Lewis's book "Flash Boys," investigations by U.S. regulators and tough new rules approved this week by the European Union.