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Stock market rises back into record territory May 14, 2013 12:00 AM
The stock market marched back into record territory as investors seized on the latest encouraging news about the economy. On Tuesday, it was a report on the health of small businesses.
Stock market rally pauses on Monday May 13, 2013 12:00 AM
A record-breaking rally in stocks paused Monday as investors assessed whether stock valuations were overstating the recent improvement in the economy. The latest positive data, out Monday, showed that Americans increased spending at retailers last month. That suggests that consumers may boost economic growth in the current quarter ending June 30. Still, that wasn't enough to lift shares.
Fund manager: Don't get caught up in Asia numbers May 12, 2013 12:00 AM
Investors are worried about the slow pace of U.S. economic growth, but we're just one player in the international arena. To assess the global outlook, two numbers are critical: China's gross domestic product and Japan's inflation rate. They're important because China and Japan are the world's second- and third-largest economies, and both are faltering. The outlooks in both countries could continue to have a big impact on stocks around the world as Chinese and Japanese policymakers try to stimulate their economies.
Initial public offerings next week May 10, 2013 12:00 AM
A list of initial public offerings planned for the coming week.
Despite late start, officials say record corn crop likely May 10, 2013 12:00 AM
The wet start to the corn planting season is expected to reduce the amount each acre produces this year, but farmers are planting so much of the crop that they're still likely to bring in a record amount.In a report released Friday, the U.S. Department of Agriculture estimated farmers will bring in 14.1 billion bushels of corn this year, a billion bushels more than the previous record of 13.1 billion bushels set in 2009.
Stocks rise for third week in a row May 10, 2013 12:00 AM
Investors are in love with small stocks because they stand a greater chance of surging ahead than large, global companies do if the U.S. economy continues to fare better than Europe.
YouTube’s new pay channels go from campy to kids May 9, 2013 12:00 AM
With a billion monthly visitors from around the globe, the Google-owned video service hopes to quickly add subscribers and add to the money it already makes from online advertising.
Stocks pull back from record levels May 9, 2013 12:00 AM
Unemployment claims dropped to a five-year low last week, the Labor department reported early Thursday. That signals fewer layoffs and possibly more hiring. While the report failed to boost stocks, it did give the dollar a lift.
McDonald's cuts Angus burgers from menu May 9, 2013 12:00 AM
McDonald's is cutting the Angus burger from its menu.The Oak Brook-based company had said earlier this year that it was evaluating whether to continue selling the Angus Third Pounders, which were introduced in 2009 and are among the chain's priciest items. The company also said at the time that it was it was cutting Chicken Selects and Fruit & Walnut Salad.
Hedge fund manager Falcone to settle fraud case May 9, 2013 12:00 AM
Philip Falcone would be barred for two years from working as an investment adviser or broker under the agreement in principle between the Securities and Exchange Commission and Falcone and Harbinger Capital Partners, the firm said in a filing Thursday.
Dow average gains, holds on to 15,000 level May 8, 2013 12:00 AM
The Dow Jones industrial average rose, closing above 15,000 for a second day after breaching the landmark level for the first time Tuesday. On Wednesday, a day without any major economic releases, investors focused on company earnings as reporting for the first quarter draws to a close. Although earnings growth has slowed from last quarter, profits are at record levels and projected to rise throughout the year.
New stock market milestone: Dow 15,000 May 7, 2013 12:00 AM
The Dow Jones industrial average punched through another milestone Tuesday: its first close above 15,000. The Dow rose 87.31 points to 15,056.20 points Tuesday, a gain of 0.6 percent.
BofA leads banks up; S&P 500 index ekes out gain May 6, 2013 12:00 AM
Bank of America led a rally in big-bank stocks in mostly quiet trading on Monday. Stock indexes ended little changed following a record-setting run last week. News that Bank of America and MBIA, a bond-insurance company, had reached a settlement over a long-running dispute propelled both companies' stocks up.
As the Dow breaks 15,000, is it too late to buy? May 5, 2013 12:00 AM
A solid April jobs report on Friday is a sign the economy is strengthening. That could lead to higher profits. What’s more, many of the traditional threats to bull markets — rising inflation and interest rates, a possible recession — don’t seem likely soon. That said, stocks are no bargain. Buy them only if you’re willing to ride the inevitable ups and downs and hold on for a while.
How much risk to take? Assessing fund volatility May 5, 2013 12:00 AM
The stock market is in a groove. The Standard & Poor's 500 has climbed six months in a row and finished April at another record high. So far this year the index is up roughly 12 percent. That sounds good, right? A qualified "yes" might be the best answer, but now is a smart time to review the risk level of your portfolio.
What’s happening at the capitalists’ Woodstock May 4, 2013 12:00 AM
Buffett leads an annual meeting like no other May 4, 2013 12:00 AM
The Berkshire Hathaway annual meeting began humbly in 1982 with a crowd of 15 in an insurance company cafeteria. It has been growing steadily just as the company's stock price rose to become the most-expensive in the U.S., reaching $162,904 for a Class A share on Friday.
Stocks surge to new highs May 3, 2013 12:00 AM
The Dow Jones industrial average punched through another milestone, 15,000, before easing back. The Standard and Poor's 500 index closed above 1,600 for the first time.
Employers add 165,000 jobs; rate falls to 7.5 percent May 3, 2013 12:00 AM
The unemployment rate has fallen 0.4 percentage point since the start of the year, though it remains high. The Federal Reserve has said it plans to keep short-term interest rates at record lows at least until unemployment falls to 6.5 percent.The hiring last month was concentrated in services.
Stocks surge in early trading after hiring climbs May 3, 2013 12:00 AM
A big gain in the job market is lifting the stock market to a record high. The Dow Jones industrial average crossed 15,000 for the first time, and the Standard and Poor's 500 index, a broader market measure, rose above 1,600.