Category: Markets

Stocks: Investors take a breather

Stocks: Investors take a breather

U.S. stock futureswere little changed Wednesday, as investors took in mixed economic data from China and Europe ahead of more corporate results. Asian markets ended mixed after a report showed China’s manufacturing sector hit...

25 Years Later: In the Crash of 1987, the Seeds of the Great Recession

25 Years Later: In the Crash of 1987, the Seeds of the Great Recession

“History doesn’t repeat itself, but it does rhyme.” This quote, often attributed to Mark Twain, resonates with us for its pithy description of an irony we encounter everyday: In a world marked by rapid...

How Wall Street Rigs the Game

How Wall Street Rigs the Game

If you had watched the recent presidential debates or the Republican and Democratic conventions, you might have gotten the impression that the practices of Wall Street that led to the worst financial crisis since...

How many iPads did Apple sell last quarter?

How many iPads did Apple sell last quarter?

The forecasts range from 14.8 million to 23 million. The median estimate was 18 million. FORTUNE — Talk about an expectations gap! You could drive a truckload of Android tablets through the high and...

Is The SEC’s Ponzi Crusade Enabling Companies To Cook The Books, Enron-Style?

Is The SEC’s Ponzi Crusade Enabling Companies To Cook The Books, Enron-Style?

Enron. Qwest. Adelphia. Sunbeam. WorldCom.HealthSouth. A decade ago investors knew what those companies had in common: top executives who cooked the books. After their phony accounting was exposed, most went to jail–and hundreds of...

China Reports Slower 3Q Economic Growth, But Pickup May Follow

China Reports Slower 3Q Economic Growth, But Pickup May Follow

As expected, China’s third-quarter GDP growth came in lower than previous quarters, with a 7.4%yearly expansion. That puts the economy on track for its slowest annual growth rate in over a decade. Not the dreaded...

Motor Trend SUV of the year: Mercedes GL

Motor Trend SUV of the year: Mercedes GL

By Peter Valdes-Dapena @PeterDrives October 15, 2012: 6:27 AM ET   NEW YORK (CNNMoney) — The Mercedes-Benz GL, a large luxury SUV, was named SUV of the Year by Motor Trend, the magazine announced Monday. The GL...

China Weaponizes Trade and Investment

China Weaponizes Trade and Investment

Chinese Vice Minister of Foreign Affairs Dai Bingguo. (Photo credit: Wikipedia) On Tuesday, State Councilor Dai Bingguo and Foreign Minister Yang Jiechi attended the inaugural meeting in Beijing of the Foreign Ministry’s Department of...

Workday IPO Pops 72% On Open

Workday IPO Pops 72% On Open

Workday soared on its open in early trading Friday morning, opening at $48.05 per share, or 71.6%, from its pricing last night. The stock was recently trading at $48.02 on the New York Stock Exchange. The...

JPMorgan Books Record Quarter, Dimon Says Housing Has ‘Turned The Corner’

JPMorgan Books Record Quarter, Dimon Says Housing Has ‘Turned The Corner’

(Image credit: AFP/Getty Images via @daylife) The talk Thursday was about potential criminal charges in the London Whale case, but JPMorgan Chase changed the narrative Friday morning by crushing the consensus earnings view with...