Cisco Systems (Nasdaq: CSCO) stock may not get much of a boost when the company reports earnings after the market close today (Wednesday), but it would be a mistake to underestimate the veteran tech giant.
The House of Representative passed a one-year extension to the United States’ debt limit on Tuesday evening.
Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business’ “Varney & Co.” this morning (Tuesday) to answer the question, “Does weather move the markets?”
Georgia will fall victim today to a winter storm the National Weather Service is calling “a historic, catastrophic event.” Atlanta will shut down for the next two days, and U.S. President Barack Obama declared an emergency for the state. The storm will ultimately affect more than 100 million people, from Texas to Georgia, New York, and Massachusetts this week.
For months, Wall Street insiders have passed this chart around amongst themselves and nervously discussed whether it foretells a major stock market sell-off.
The chart compares the path of the current Dow Jones Industrial Average over the past year and a half to the Dow’s moves over the 1928-1929 period.
While the Dow is trading at a much higher level now than in the 1928-1929 period, the pattern is eerily similar to the path that led to the worst stock market crash in Wall Street history, right up to the recent stock market sell-off and recovery.
The amount of money big banks have spent on settlements, alone, in just the last four years will blow your mind – and these totals are about to get higher.
The White House announced last night that employers with fewer than 100 workers do not need to provide health insurance until 2016 under the Affordable Healthcare Act.
On Tuesday morning, Federal Reserve Chair Janet Yellen spoke before the House of Representatives in the semiannual Monetary Policy Report. These are her first public comments since assuming the role as head of the U.S. central bank from her predecessor Ben Bernanke on Feb. 3, 2014.
This doesn’t happen very often.
Carl Icahn has been foiled in one of his activist investing ploys, and by none other than Apple Inc. (Nasdaq: AAPL).
The amount of money big banks have spent on settlements in just the last four years will blow your mind – and these totals are about to get higher.
The short answer to why Bitcoin prices dropped today (Monday) is that Mt. Gox briefly had everyone thinking that a serious new flaw had been discovered in the software that controls the digital currency – but that’s not the whole truth.