Articles by: Ivaylo Mihaylov

US stocks retreat amid speculations of Fed tapering stimulus

US stocks fell for a third day on Thursday as investors continued to asses the prospects of stimulus tapering by Fed and the appeal of taking money off the table after the markets record-breaking rally. The S&P 500 lost 6.72 points, or 0.4%, to 1775.50. The Dow Jones Industrial Average declined 104.10 points, or 0.7%, […] Read more

Costco sales jump not high enough to reach forecast

Costco Wholesale gave investors a glimpse into how it fared in a challenging retail environment heading into the holiday season as the largest U.S. warehouse-club chain, reported fiscal first-quarter profit that trailed analysts’ estimates even as sales climbed as it offered greater discounts. Analysts were off on target, predicting Costco would step up the pace […] Read more

General Motors is back for a second chance as bailout ends

General Motors Co., or the company recently called “Government Motors” because of the huge help it received from US Government, is officially free from U.S. taxpayer ownership, signaling the domestic auto industry’s rebound from the deepest downturn since the Great Depression. Bailouts from the George W. Bush and Barack Obama administrations helped GM avoid liquidation […] Read more

US stocks advance as S&P 500 rises to record levels

US stocks gained, pushing the Standard & Poor’s 500 Index to a fresh record, as investors focus on whether Fed would cut its monetary support amid budget negotiations in Washington. The S&P 500 climbed 0.2% to 1,808.37 at 4 p.m. in New York, surpassing its previous record of 1,807.23 set on November 27. The Dow […] Read more

Europeans stocks add another week of declines amid positive US data

European stocks wrapped up a week of deepest drop since June as better-than-estimated U.S. economic reports caused speculation that the Federal Reserve will begin cutting stimulus measures sooner than forecast. The Stoxx Europe 600 Index fell 2.7% to 316.5 last week. The regional benchmark index has still surged 13% in 2013 as central banks pledged […] Read more

Nike and Adidas head to head in World Cup brand rally

The two giants in sport equipment, Nike and Adidas, are preparing themselves for an advertising war for the upcoming World Cup in Brazil next year. Nike currently owns 14.6% of the global sporting goods market to Adidas 11.4%, and is aiming at the German brands No. 1 position in Europe. Adidas held 13.2% of the […] Read more

US stocks snap recent declines amid non-farm payrolls, confidence data

U.S. stocks surged, snapping a five-day slide for the Standard & Poor’s 500 Index, as investors acknowledged better-than-forecast jobs growth to asses the strength of the economy and timing of Federal Reserve stimulus cuts. The S&P 500 gained 1.1% to 1,805.09 at 4 p.m. in New York. The advance almost fully compensated the index’s drop […] Read more

US stocks retreat for a 5th day on positive economic data

US stocks drop for a fifth day, signaling the Standard & Poor’s 500 Index would most likely wrap a week of a declines, after improving economic data boosted bets the Federal Reserve will decrease its monthly bond purchases sooner than estimated. The S&P 500-stock index dropped 7.78 points, or 0.4%, to 1785.03. The Nasdaq Composite […] Read more

US stocks decline for a third day over Fed concern

US stocks declined for a third day, as investors focused on upcoming economic data this week that may offer clues on when the Federal Reserve will reduce stimulus. The Standard & Poor’s 500 Index lost 0.3% to 1,795.15 at 4 p.m. in New York. The Dow Jones Industrial Average has fallen for three consecutive days, […] Read more

US stocks extend declines amid factory data

US stocks retreated, with the Standard & Poor’s 500 Index extending declines in the final hour of trading, as data showed manufacturing unexpectedly climbed last month amid reports on holiday retail sales. The S&P 500 dropped 0.3% to 1,800.90 at 4 p.m. in New York, after earlier rising as much as 0.2%. The Dow Jones […] Read more