The logo of social networking website ‘Facebook’ is displayed on a computer screen. Updated at 6:09 p.m. ET: Facebook has set a price range for its initial public offering of $28 to $35 per share, according to a regulatory filing,valuing the company at up to $96 billion and setting the ...
Shares of Green Mountain Coffee (GMCR) are getting a good grinding Thursday after the coffee maker lowered its full-year outlook, and then left analysts bemused as to why sales missed estimates for the second time in three quarters. The maker of Keurig coffee brewers saw its share price sink over ...
Stocks and the dollar rallied on Tuesday after data showed U.S. manufacturing grew in April at the strongest pace in 10 months, soothing recent worries about the economy. The Dow Jones industrial average closed the day up 66 points, having rallied over 100 points to its highest level in more ...
By msnbc.com staff and wire reports The Dow’s winning streak still alive — just barely. The Dow Jones industrial average, which had not recorded a losing month since September, dipped about 14 points on Monday, finishing the month up about 1 point. The S&P 500 slid about 5 points, recording ...
NEW YORK — It’s simple to understand, and has a nice ring to it. It’s made some investors look like geniuses recently. Say it enough and you might even believe it. Too bad “Sell in May and go away” doesn’t work. The idea behind the popular investing strategy is that ...
The Kindle Fire is displayed at a news conference in September, 2011. Ordinarily, if a company announces its profit dropped by more than a third and predicts a small profit or a possible loss for the following quarter, investors don’t reward it with a stock bump of more than 15 ...
Stocks rose Wednesday and the Nasdaq saw its best percentage gain for 2012 a day after Apple’s blowout results further lifted optimism about the strength of earnings. Pushing the S&P 500 to its session high in afternoon trade, Federal Reserve Chairman Ben Bernanke said the Fed stands ready to act ...
CNBC’s Jon Fortt listened into Apple’s earnings call and shares highlights. By Bill Briggs, msnbc.com contributor Apple’s market muscle held firm Tuesday as the company — bolstered by thriving sales in Asia — surpassed analysts’ estimates and set second-quarter records in its sales of iPhones, iPads and Macs. The tech ...
Traders work on the floor of the New York Stock Exchange. Stocks fell Monday amid Europe fears. Stocks fell Monday as a Dutch political impasse and disappointing euro zone data revived fears the region’s debt crisis could keep much of Europe mired in recession through the year.
By Rodrigo Campos and Ryan Vlastelica, Reuters NEW YORK — After a strong first quarter, Wall Street has gotten a case of the jitters. Stocks returned a bit to their winning track this week after strong earnings reports, and investors are waiting to see if more positive surprises from U.S. ...
Wall Street closed its first positive week for the month on Friday on strong U.S. corporate earnings, although technology stocks pared some gains, while the euro and oil prices rose on reduced worries over Spain’s debt burden. The Dow and the S&P 500 index closed Friday higher, but the tech-rich ...
Stocks fell for a second straight day Thursday in volatile trading as investors were discouraged by economic data and focused on negative corporate news. The Dow Jones industrial average was down 69 points at the close of trading, but off earlier lows. At one point in the afternoon the index ...
Stocks declined Wednesday after uninspiring earnings from IBM and Intel, while Chesapeake Energy sank after a Reuters report highlighted that its CEO has taken out large and unusual personal loans. Chesapeake Energy fell and was the most actively traded stock on the New York Stock Exchange after a Reuters report ...
Traders Luigi Muccitelli, left, and Anthony Riccio work on the floor of the New York Stock Exchange Tuesday. Stocks rallied on strong earnings reports. Stocks soared Tuesday, as investors welcomed a slew of solid quarterly corporate results and after a German investor confidence survey surprised on the upside and Spanish ...
U.S. retail sales for March shot up 0.8 percent, sharply higher than the forecast, according to the Commerce Department. But Apple shares dropped, weighing heavily on the Nasdaq index. Some investors have been watching a trend line in Apple’s meteoric rise this year and said it was broken on Monday ...
CNBC’s Jackie DeAngelis reports on the late day plunge in stocks and whether China’s economic growth is better than investors think. Also, what to expect from next week’s slew of earnings, with Zachary Karabell, River Twice Research; Stephen Weiss, Sho… After suffering their worst two weeks of the year, stocks ...
CNBC’s Eamon Javers reports the Treasury predicts profits of between $10-$100 billion from the the federal government’s financial crisis bailouts, depending on future economic conditions. The U.S. Treasury Department said on Friday that the many programs that it, the Federal Reserve and banking authorities implemented during the darkest hours of ...
