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Stiglitz on US stimulus policy

May 27, 2013 12:08 pm
The Nobel prize winner economist Joseph Stiglitz confirmed Bernankes testimony that cutting the stimulus package would be a step taken too early for the economy considering its recent stability. Bloomberg cited Stiglitz saying “Its the only stimulus” he stated on 25th of May, “Clearly the economy is not back to normal, and to accept this […] Read more

Yahoo on a purchasing streak

May 27, 2013 7:20 am
After sealing the acquisition of Tumblr for $1.1 billion last month and purchasing a couple of small companies, Yahoo reported another one. This time the internet giant is adding a company called PlayerScale to the list. The sum of the acquisition wasnt disclosed but most likely it was one of a fairly significant amount. PlayerScale […] Read more

UK stocks dipped, investors consider Fed

May 27, 2013 6:49 am
The London-based head of portfolio strategy of Brewin Dolphin Securities Ltd. “It looks like we either see an economic downturn in the US or monetary stimulus is going to slow. For the analyst that is not favorable condition to invest. They are waiting for signs and more information about which way the economy would go. […] Read more

Thursday stocks to keep an eye on

May 23, 2013 12:20 pm
4 companies to watch Hewlett-Packard Co. share price is supposed to be fluctuating on the market today. The company reported a sharp drop in second quarter earnings but still beat analyst expectations. Sears Holdings Corp. is reported to record a loss of $0.60 per share in the first quarter according to consensus survey by FactSet. […] Read more

UK stocks fluctuate as stimulus program continues

May 23, 2013 7:41 am
The UK main index FTSE 100 climbed 36.4 points or 0.5 percent to 6,840.27 adding to the 16 percent raise since the beginning of the year. UK stocks went up on Fed Chairman Ben Bernankes testimony that economy is not quite ready for a tightening monetary policy and that would endanger its stability. Analysts fear […] Read more

Wednesday stock leaders

May 22, 2013 1:23 pm
Dow Jones constituent companies Target Corp. and Hewlett-Packard Co. are among the awaited leaders on the market today. HP is expected to report earnings per share for the second quarter of $0.81 per share according to a survey by FactSet. Updating market expectations and restructure in cost savings leads people to believe that company is […] Read more

Fannie Mae turns out a dream investment

May 22, 2013 9:44 am
Fannie Mae, the mortgage giant reported a first quarter net income of over $58 billion turning the company from junkie to a cash cow. The surge boosted their price shares by 400% in the past 3 months. The company is under government control so the stocks are only worth the trade. Since the company got […] Read more

Apple’s tax strategy brings law vs moral dispute

May 22, 2013 8:08 am
Apples CEO Tim Cook made no apology on Tuesday for the giant innovator saving billions of taxes using a “flaws” in both US and Irish tax law. Cook stated that his company is backing up the corporate tax law reform even though Apple could end up paying more taxes. The CEO was called to testify […] Read more

Goldman Sachs updates S&P 500 estimates to a new high

May 22, 2013 7:10 am
Goldman Sachs Group Inc. forecast the US stock market to be going upwards for at least next two and a half years. The prediction estimates that Standard & Poor 500 Index would climb by 26% for that time to a level of 2100. Yesterday Goldman Sachs issued a end of year prediction stating the index […] Read more

Best Buy losing grip

May 21, 2013 1:52 pm
The consumer electronic company Best Buy Co. reported today a first quarter loss comparing to last year when the results included Super Bowl TV sales. The President and CEO of the company Hubert Joly stated that this was expected having in mind the Super Bowl shifting to the fourth quarter and internal decisions of cutting […] Read more