July 23, 2013 6:51 am
U.S. stocks rose, as monthly flows into equity exchange-traded funds reached a five-year high, after housing data and earnings from companies including McDonald’s Corp. boosted sentiments that stimulus program would continue. Investors have increasingly turned to stocks this month, as U.S. equity exchange-traded funds are getting money at the fastest rate since September 2008. The […]
Read moreJuly 22, 2013 2:33 pm
Netflix Inc. has become the best performing U.S. stock in the Standard & Poor’s 500 Index in 2013 and the second most expensive, although some define it as a “bubble stock”. Furthermore, investors warn of companys negative free cash flow, a surge in liabilities for new movie and TV-show content and a long-term increase in […]
Read moreJuly 22, 2013 12:18 pm
U.S. stock index futures were little changed, after the Standard & Poor’s 500 Index climbed to a new record high on Friday, as investors awaited earnings for McDonald’s Corp. Todays economic calendar is almost empty of data news, however at 3 pm London time existing home sales report will be posted. A report at 10 […]
Read moreJuly 22, 2013 11:37 am
Apple Inc. and its Asian suppliers are testing larger screens for iPhones and tablets, officials at the companys suppliers say. Recently, Apple has asked its engineers to come up with smartphone screens larger than 4 inches and has also asked for screen designs for a new tablet device reaching slightly less than 13 inches, they […]
Read moreJuly 22, 2013 10:55 am
Deutsche Bank intends to shrink its vast balance sheet by as much as a fifth in order to comply with incoming stricter rules for banks financial policies. Deutsche is expected to announce to investors that it aims to achieve a minimum of 3% ratio of overall equity to loans by the end of 2015, as […]
Read moreJuly 22, 2013 8:35 am
Jaguar the recently incorporated as Jaguar Land Rover firm is betting the future of its brand on a new family of entry-level luxury vehicles to challenge BMW, Audi and Mercedes-Benz, driving the classy but largely under-performing British marque into fast-growing, high-volume segments. The company is a subsidiary of the Indian automaker Tata motors. The new […]
Read moreJuly 22, 2013 6:45 am
The S&P 500 rose to new levels on Friday, recording another day of advance. The benchmark has been on a four-straight week gain. However, tech sector disappointed as Microsoft and Google retreated by 11.4% and 1.55%, respectively. The S&P 500 rose 2.72 points, or 0.2%, to 1692.09. The Dow Jones Industrial Average lost 4.80 points, […]
Read moreJuly 19, 2013 2:01 pm
European stocks were little changed, as the main benchmark is heading to a session of loss, as China scrapped a lower limit on lending rates, in a compliance with losses in technology shares. U.S. futures were little changed, while Asian shares dropped. The Stoxx 600 fell less than 0.3% to 299.92 at 1:10 p.m. in […]
Read moreJuly 19, 2013 11:36 am
U.S. stock-index futures dropped, hinting benchmarks will retreat from record high levels, as earnings from Microsoft Corp. and Google Inc. missed analysts’ estimates. Futures on the Standard & Poor’s 500 Index expiring in September fell 0.1% to 1,678.3 at 10:45 a.m. in London. Future Contracts on the Dow Jones Industrial Average sank 29 points, or […]
Read moreJuly 19, 2013 9:07 am
Google’s stock fell about 1% at close and falling 5% in after-hours trading as it missed Wall Street forecasts for both revenues and earnings, as ad pricing came under renewed pressure from the shift to mobile and Motorola segment disappointed. A substantial 6% drop in the price of each ad clicked, more than analysts had […]
Read more