Category Archives: Investors

Behind market swings: Growing recession fears

By doris | Published: August 20, 2011

Full Story at msnbc.com There are many factors churning up market volatility and contributing to a frightening stock market sell-off, but chief among them is growing fear of a new recession. With growth averaging less than 1 percent in the first half of the year, the U.S. economy is already perilously close to recession. But [...]

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Stocks rally for third day, close with big gains

By doris | Published: August 16, 2011

Full Story at msnbc.com NEW YORK — Stocks are having their longest rally since early July. A $19 billion corporate buying spree and encouraging economic news form Japan sent the Dow Jones industrial average up 213 points and erased its losses from last week. The return of what’s called “Merger Monday” on Wall Street made [...]

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After a wild week, stocks rise modestly

By doris | Published: August 12, 2011

Full Story atmoney.CNN.com Wall Street ended one of its most dizzying, volatile weeks in history on a relatively quiet note Friday, with the Dow climbing 126 points to post its second gain in a row. But Friday’s action paled in comparison to the wild 4-5% swings investors were faced with earlier this week. On Monday, [...]

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Market’s wild ride continues; Dow soars over 400 points

By doris | Published: August 11, 2011

Full Story at msnbc.com NEW YORK — Wall Street’s wildest week since 2008 continued with another 400-plus point move for the Dow on Thursday. This time, stocks shot up after investors saw small signs that the economy might not be headed into another recession. Fewer Americans joined the unemployment line last week, and a technology [...]

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Stocks give up gains, end trading day mixed

By doris | Published: July 28, 2011

Full Story at msnbc.com NEW YORK — Stocks lost most of their gains late in the trading session Thursday, closing mixed after an unexpected decrease in unemployment claims sent the market slightly higher earlier even as a stalemate continued in Washington over how to avoid a U.S. debt default. The government said first-time applications for [...]

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GM will spend $328M to update Mich. pickup factory

By doris | Published: July 19, 2011

Full Story at msnbc.com FLINT, Mich. — General Motors is spending $328 million to update a factory in Flint, Mich., where it will build the next generation of full-size pickups. The investment will pay for equipment to build the new Chevrolet Silverado and GMC Sierra pickup trucks, which are due in showrooms early in 2013. [...]

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Stocks start the week in sell mode

By doris | Published: July 18, 2011

Full Story at Money.CNN NEW YORK (CNNMoney) — Stocks sold off sharply Monday and gold prices rose, as worries about Europe’s debt crisis and uncertainty over the U.S. debt ceiling kept investors on edge. The Dow Jones industrial average (INDU) sank 95 points, or 0.7%, to end at 12,385. The S&P 500 (SPX) fell 11 [...]

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Stocks narrowly miss having worst week in a year

By doris | Published: July 17, 2011

Full Story at msnbc.com NEW YORK — A late rally Friday prevented the stock market from having its worst week in nearly a year. Investors seemed to largely ignore the ongoing debate in Washington over raising the country’s borrowing limit. Troubling questions over Europe’s financial health and manufacturing in the U.S. weighed down stock prices [...]

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Rick Harrison of ‘Pawn Stars’ spills success secrets

By doris | Published: July 8, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Rick Harrison knows a deal and a steal when he sees one. Ever since he was a young boy, he’s had the uncanny ability to make money selling other people’s unwanted items. Today, that ability has made him a mint and turned him into one of TVs [...]

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Stocks soar on housing data

By doris | Published: June 28, 2011

Full Story at Money.com NEW YORK (CNNMoney) — U.S. stocks rallied on Tuesday, with the Dow jumping 145 points, as investors cheered a report showing home prices rose for the first time in nine months in April. “The market was hungry for some good news, particularly on housing,” said Fred Dickson, chief investment strategist with [...]

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Dow, S&P fall for fifth-straight week

By doris | Published: June 5, 2011

Full Story at CNNMoney NEW YORK (CNNMoney) — U.S. stocks fell sharply on Friday, with the Dow and S&P falling for the fifth-straight week, as investors digested a disappointing May jobs report. The Dow Jones industrial average (INDU) lost 97 points, or 0.8%, to end the week at 12,151. The Dow is on its longest [...]

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Bringing the bucks back home

By doris | Published: May 18, 2011

Full Story at Finance.Fortune.cnn.com FORTUNE — The Congressional champions of a corporate tax holiday for multinationals with more than $1 trillion parked abroad are taking a curious approach to advancing their cause. The concept is simple enough: give tech, pharmaceutical and energy giants a temporary break from the 35% top corporate rate so they can [...]

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Gas price to drop as oil joins commodities fall

By doris | Published: May 7, 2011

Full Story at msnbc.com NEW YORK — Investors finally hit the brakes on oil, gold, silver and food prices. This week’s sharp sell-off doesn’t mean commodity prices’ stunning rise over the last several months is over, but it is good news for anyone planning a road trip this summer. Oil prices fell 15 percent this [...]

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Party may be over for Big Oil stocks

By doris | Published: April 29, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Oil stocks have been gushing all year thanks to surging crude prices. But is the party almost over? Energy giants ConocoPhillips (COP, Fortune 500), Exxon Mobil (XOM, Fortune 500), Royal Dutch Shell (RDSA) and Chevron (CVX, Fortune 500) all reported enormous jumps in profits in the past [...]

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