Stocks started September with a bang as investors cheered a rare dose of good economic news but investors may need to buckle in for the coming week: It's a holiday-shortened week with little on the docket to set the tone.
A new national poll released Sunday indicates that eight in 10 Americans say that the economy is in poor shape, and the number that say conditions are very poor is on the upswing after steady declines through the spring.
As better-than-expected economic data boosted investor morale this week, the greenback lost some of its luster, falling against a basket of currencies.
U.S. companies modestly added jobs in August, easing concerns that the nation might slip back into a recession. The latest jobs report released by the Labor Department today is better than expected. Employment in the private sector rose by 67,000 payrolls, after a revised 107,000 increase in July that was more than originally estimated. The report immediately sent stocks rallying, despite the fact that overall employment dropped and the unemployment rate climbed to 9.6% from 9.5%, as more people actively searched for jobs.
It's not yet clear what Burger King's new owner, the Brazilian-backed private equity firm 3G Capital, has in mind for the troubled No. 2 fast-food chain. But a total strategic revamp is in order.
Stocks closed near session highs Friday, with the Dow erasing its losses for the year, as investors welcomed a better-than-expected report on the U.S. job market.
Hyundai-Kia Motors is recalling more than 35,000 cars with fire-prone electrical wiring systems, said the National Highway Traffic Safety Administration.
Stocks futures jumped Friday after the August employment report showed that employers cut fewer jobs than economists were expecting and added more private-sector jobs than forecast.
A few weeks ago, Hedgeye, the investment research firm where I'm a managing director, hosted a conference call for our subscribers that posed the question, "Should U.S. Government Debt Be Rated Junk Status?" Given that debt issued by the U.S. government continues to trade at almost all-time lows in yield, this is a contrarian call to say the least.
Question: I have a budget of $10,000 for a stock simulation I'm doing for a business and personal-finance class. What stocks should I invest in to make the most money in four months? -- Matt
When Americans debate the impact of fuel emissions on the environment, they usually talk about cars and trucks. But what about smaller vehicles like motorcycles, scooters, lawnmowers and ATVs?
The iPod helped Apple rise from the dead in the last decade. But the iPod Classic, the device that jump-started that resurrection, didn't get so much as a mention from Steve Jobs at Apple's iPod event on Wednesday.
After ending August in a slump, oil prices surged into September, rallying nearly 3% Wednesday, and continuing to move higher Thursday following news of an oil platform explosion in the Gulf of Mexico.
There goes Dan Loeb again, sounding off to great effect. He used to confine himself to criticizing overreaching and overcompensated CEOs, targets we could pretty much all agree on. But the prickly hedge fund manager decided to join the chorus of aggrieved financiers in his latest missive, setting his sights on today's bogeyman of choice: oppressive government.
Jim Maguire describes himself as being ahead of his time, and he's hardly bragging. In 2002, Maguire -- who managed software projects for large companies -- was consulting in Germany when he discovered "the next big thing."
Ever thought of the fact that that Rs. 2 coin that you hand over with such nonchalance may have a story to tell? The RBI Monetary Museum at Fort Mumbai is a place where many such tales may be found.
Hackers. Faceless people who deface government Web sites, who can peek into your computer without you knowing. What are they like? We asked Akash Mahajan, a Certified Ethical Hacker, for a few insights into the shadowy world.
As state-owned insurance companies scramble to get their act together, third party administrators need to be more efficient to justify their existence.
Some hospitals make colossal profits. Are they running a tight ship--or using monopoly power to overcharge patients? It's not a discussion hospitals want to have.
Who was the most ethical businessman in India in the 17th century? Which was the Buddhist Monastery that had the most savvy business strategy? Such questions pertaining to Indian business and economic history will soon be explored in a series of books being brought out by Penguin. Gurcharan Das, author and former P&G India chairman, is the general editor for the project. Malini Goyal caught up with Das on a Saturday evening to understand the project.
