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News at a GlanceLabor Update: Unemployment hits 8.9%, job losses ease.Stocks Move: Major indexes rally for eighth week out of last nine. Stress Relief: Test results call for $75 bln more in capital.No Deal: April worst month for M&A since 2004.The LowdownA surprising jobs report brought the bulls back out, helping close the eighth week out of the last nine in poisitive territory.Stocks w Read More »
This week the heart of the first quarter earnings season starts to report its numbers. While the results during the next few weeks are widely expected to be dismal — at the conclusion it should be the seventh consecutive quarter of negative earnings growth — many investors are looking for signs in the corporate releases that show this 12-week period represents the low point in the eco Read More »
News at a GlancePrivate Sector Slammed: ADP report shows record job loss.Bad Omen: Stock futures fall on data, auto concerns.No Deal: M&A industry battered during first quarter.Across the Pond: Obama, Brown call for global bank reform.The LowdownEven as the world's top finance ministers began gathering overseas for the G20 meeting, traders remained focused on the troubled U.S. auto sector and Read More »
The best way to invest money in stocks or stock mutual funds, financial advisors like to say, is “dollar cost averaging.” That means adding money a little at a time in equal amounts.Mathematically, the advisors are wrong. Averaging will probably cost you more money than you save. Yes, your equal payments will buy more shares when prices are low and fewer when prices are high, thereby Read More »
Housing Crunch Still Hitting LennarInvestors sold home builder Lennar (LEN) Tuesday after it reported a wider-than-expected loss and slashed promotional interest rates below 4% to push sales.The Miami-headquartered home builder lost 98 cents a share in the first quarter, down from 56 cents a year ago, and reported a 21% drop in new orders. Wall Street analysts trying to find a turning point in th Read More »
News at a GlanceHousing Woes: Case-Shiller Index missed consensus in Jan.Small Rebound: Major indexes lean positive after losses.Manufacturing Slows: Chicago PMI missed the mark in March.Mile-High Wi-Fi: American Airlines expands Internet service.The LowdownA day after Washington's smackdown of Detroit left equities in a deep hole, traders went bargain-hunting.Stocks were higher Tuesday, recoveri Read More »
It's a new bull market! Stocks are up more than 20% from the lows, in just three weeks. But is it really time to declare “all clear"?The move in stocks is extremely encouraging, and should be taken seriously. But let's not get carried away.For one thing, even though many analysts use a 20% rise as their threshold definition of a bull market (just as they use a 20% loss to define a bear mark Read More »
News at a GlanceMr. Pandit Goes to Washington: Obama to meet with banks.Rally Stalls: Dow drops 100+ in morning trading Friday.Thinner Wallets: Personal income declined in February.Let's Make a Deal: Morgan Stanley tops Q1 M&A rankings.The LowdownThe market stands at the edge of a week in the black even as traders turned bearish early Friday.Stocks were lower in early trading, as traders frow Read More »
News at a GlanceGrowth Surprise: Q4 GDP revision better than expected.Rally Continues: Major indexes advance on data.Tough Sell: European AIG execs reluctant to return bonuses.Regulatory Reform: Geithner calls for new set of eyes on finance.The LowdownA surprisingly rosy reading on economic growth and a strong Treasury sale left Wall Street headed toward its fourth day of gains in the last three Read More »

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