Oct 31, 2014 11:33am

Ready, Set, Shop for Holiday Deals

Morning Money Memo: Online retailers will prepare for the holiday season even earlier this year; Amazon will unveil many of its holiday deals beginning Saturday. Office Depot and Sears will also roll out “Black Friday”-like deals in the coming weeks. Walmart will also reportedly test… Read More »

Oct 30, 2014 9:05am

Apple (AAPL) CEO Tim Cook ‘Proud to Be Gay’

Morning Money Memo: Apple CEO Tim Cook says he’s proud to be gay. In an essay written for Bloomberg Businessweek, Cook has become the highest-profile business leader to come out as gay. Cook says that while he never denied his sexuality, he never publicly acknowledged… Read More »

Oct 28, 2014 8:27am

Twitter (TWTR) Stock Tumbles, Despite Soaring Revenues

Morning Money Memo: Twitter is growing in global popularity, but not enough for skittish investors. The social media and mobile messaging company’s shares plunged more than 11 percent despite a jump in third-quarter revenue that more than doubled from last year. At least three Wall… Read More »

Oct 24, 2014 8:34am

Amazon on Defensive After Hefty Quarterly Loss

Morning Money Memo… Amazon will be on the defensive this morning, as the web giant takes a hit from investors after posting its largest quarterly loss in 14 years. Amazon stock is down more than 10 percent in pre-market trading, after a third quarter earnings… Read More »

Oct 21, 2014 10:15am

Big Blues for Big Blue (IBM)

Morning Money Memo: Big blues at Big Blue. After reporting disappointing sales and earnings, some painful choices are ahead for the once-invincible IBM. Its new quarterly report led to a 7 percent drop for IBM’s share price Monday, plus a smaller decline overnight. CEO Virginia… Read More »

Oct 20, 2014 9:44am

Apple Pay (AAPL) Aims to Shut Your Wallet, for Good

Morning Money Memo: Starting today, Apple Pay will enable millions of consumers to use their smartphones instead of credit cards to pay for stuff. Apple Pay will work at some retailers only with the iPhone 6 and 6 Plus. Visa, Mastercard, American Express and hundreds… Read More »

By ABC News

Oct 17, 2014 8:15am

Market Seems High on Apple’s (AAPL) Newest Offerings

Morning Money Memo ABC News’ John Kapetaneas reports: Just one month after the launch of the iPhone 6, Apple is once again turning heads with its new product and software development. Apple announced Thursday it will officially launch Apple Pay,” the company’s new mobile payment… Read More »

Oct 16, 2014 8:48am

Global Stock Market Sell-Off Intensifies

Morning Money Memo… The stock market’s global sell-off shows no sign of ending today. European indexes suffered heavy declines in trading this monring. But is the investor panic overdone? “US financial markets are massively over-weighting the importance of the Eurozone slowdown to U.S. growth,” says… Read More »

Oct 15, 2014 8:27am

Cheaper Gas May Mean More Holiday Spending at Stores

  Morning Money Memo: The average U.S. family is saving $50 a month on cheaper gas prices, according to Tom Kloza, senior oil analyst at gasbuddy.com. Average pump costs have dropped 15 percent since June, and more price cuts are in the pipeline. The global… Read More »

By ABC News

Oct 10, 2014 7:42am

Amazon Reported to Be Eyeing Physical Store

Morning Money Memo … ABC News’ John Kapetaneas reports: Is Amazon trying it’s hand at bricks-and-mortar retail? The online powerhouse may have plans to open an outlet in a high-traffic location in New York City, according to the Wall Street Journal. The site, located across… Read More »