Articles by: Ivaylo Mihaylov

US stocks plunged as investors are concerned

US stocks fell ceasing its 20 straight Tuesday streak for the Dow Jones Industrial Average, as speculation of Fed reducing the bond buying program as soon as September, appeared. Dow Jones plunged 76.49 points which represents 0.5%. The S&P 500 index fell 0.6% to 1631.38 offsetting earlier gains. Exchanging volume was 7.6% greater than previous […] Read more

US stock futures lower before market opening

US stock futures pointed slightly lower today. Investors would be looking at the Federal Reserve speakers for more information about its future stimulus policy. Trade data and house prices are expected to be released  later during the day. Futures are not always pointing at the right direction of what market would follow, however Dow Jones […] Read more

European stocks bounce back on positive data

European stocks offset recent falls as Federal Reserve officials said the bank is committed to continue the stimulus and after positive Spanish jobless data. All the European benchmark indexes are growing today. The UK FTSE 100 gained 0.73%, the German DAX is up 0.87% and the French CAC 40 surged 0.6%. The Stoxx Europe 600 […] Read more

Tech companies switch to mobile computer devices

Acer Inc. surprised no one presenting the new 8″ tablet computer along with notebooks with touch screen feature running Microsofts Windows 8 operating system. The companys Iconia W3 tablet was accidentally leaked on the manufacturers website last month. Acers CEO Jim Wong said to the crowd at the fair that the Iconia aims to “bring […] Read more

Stocks move higher, stimulus not reducible at them moment

Stocks moved higher yesterday as the report on manufacturing data proved to be weaker than expected. Despite being a negative sign for the economy as a whole, investors see stability in the sense of government not reducing the stimulus bond-buying program. The President of Federal Reserve Bank of Atlanta said central bank officials are committed […] Read more

Seven Eleven state expansion plans

Seven & I Holdings Co., the worlds biggest convenience store operator is declaring appetite for more acquisitions in the US. The store chain is supposed to double its number of stores. The retailer may take its store count to 20 000 or 30 000 in the North American markets, the companys CEO told Bloomberg in […] Read more

Apple accused of e-book price fixing

Apple is going to trial today to face government allegations that company took part into a conspiracy with book publishers resulting in pricier e-books for the consumer. The trial which puts iPad manufacturer against the US Justice Department is said to be a test of interaction policies between retailers and content providers. The US government […] Read more

US stock futures rise after Friday’s stock fall

US stock futures forecast a higher open today despite Chinese data showing uncertainty over the growth of the countrys economy. Before market open Dow Jones Industrial Average futures pointed to a 0.48% raise, S&P 500 futures suggested 0.40% increase and NASDAQ futures show 0.32% climb. Earlier today market sentiment improved in the Eurozone after data […] Read more

Auto sales to be reported today

US auto sales forecasts for the month of May are to be released today. The numbers are estimated to rise by 6.5% to a seasonally adjusted annual rate of 15 million vehicles according to Edmunds.com, a site for auto sector information. The US automobile industry is not only expected to record high sales but also […] Read more

Everyone vs Apple: competitors press on the tech giant

Apple has been on the top of the corporate headlines for the most part of last month. The company was accused for its tax evading policy using Irish subsidiaries and saving billion of dollars. The discussion of weather or not Apple was the one to blame, did no more than pointing out some serious flaws […] Read more