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World stock markets traded in a narrow range Wednesday as investors looked for renewed direction, while the British pound continued to founder following unimpressive industrial output figures. Read More »
Coming off its worst year in three decades, the market for initial public offerings is starting to show signs of life. Eight companies are looking to raise as much as $3.7 billion when they go public next week, the most activity the U.S. Read More »
When it comes to policy, President Obama is moving like lightning. But when it comes to his investments, he's playing it cool. Read More »
Bank stocks had a magnificent run in April, measured in percents. Year-to-date, though, no sector has beaten technology. Within the S&P 500 index, tech climbed 17% through April. That beats consumer staples and health care, sectors that are supposed to weather downturns better than others.I can think of four possible explanations. First, tech got thumped harder than defensive industries l Read More »
“Winner’s curse” and “empire building” might sound like chapter titles of a Harry Potter knockoff, but they have nothing to do with wizardry. They’re terms researchers use to explain why, when one company buys another, it usually gets a bad deal.The winner’s curse is why you’re better off selling on eBay than buying; in auctions, winning bidders te 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 »
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 »
Wall Street's big March rally was officially on hold Monday after the White House rejected turnaround plans from General Motors Corp. and Chrysler. Read More »
If you look at the most actively traded stocks on any given day, there usually are no major surprises. The biggest, most widely held companies in the news tend to have the biggest trading volume. Read More »
The dollar is going to lose value. We know that for sure, just as we know stocks will go up. What we don’t know is how much value the dollar will lose and how soon, and whether it will gain briefly before it loses long term.Scarce things become expensive and plentiful things become cheap. The dollar is valuable only because the U.S. government guarantees it can be used for things like pa 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 »
Wall Street's March rally gained momentum on Thursday -- this time, thanks to surprisingly good earnings from some major consumer brands. Read More »

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