New Customers Are Streaming to Netflix
Morning Business Memo… The decision by Netflix to add “House of Cards” and other original programming to its Internet video service helped add 2 million US subscribers during the first quarter of this year. Netflix shares soared nearly 25 percent in after-market trading Monday after… Read More »
EmailWhat’s Next for Stocks, Gold After Rout?
Morning Business Memo… This could be recovery day for a still strong stock market after the biggest one-day plunge in five months. Worries about an economic slowdown in China played a role in triggering the 265 point drop for the Dow Jones index. But that… Read More »
Gold Sell-Off Biggest In 30 Years
Gold plunged $144 an ounce today to its biggest two-day decline since 1983 as investors sold the precious metal amid declines in commodities of all types. Losses today widened to 9.6 percent as gold fell to $1,357 per ounce at 4:23 p.m. ET on the… Read More »
Stocks: More Records Broken on Wall Street
The S&P closed above its all-time record high set in October 2007 before the financial crisis, while the Dow Jones industrials hit yet another record close. Though the Dow is the most widely watched U.S. stock index, the S&P is followed closely by professional investors… Read More »
Economy Gains Strength as Retail Sales Jump
In yet another positive sign for the economy, retail sales for February rose more than expected, tamping down worries that higher gas prices and taxes would take a bite out of consumer spending. Retail sales jumped 1.1 percent in February, according to the Commerce Department,… Read More »
Has the Stock Market Hit Its Peak?
Morning Business Memo… These are the best of times for the stock market with six straight days of gains for the Dow, S&P and other averages. Since the start of this year the Dow is up nearly 10 percent. Stock averages have more than doubled… Read More »
Foreclosure Crisis May Be Drawing to a Close
Morning Business Memo… After six painful years, the national foreclosure crisis may soon be drawing to a close. Listings firm RealtyTrac says the number of homes in the foreclosure process is down to the lowest level since the housing bubble burst. January’s total fell 28… Read More »
Income Tax Turns 100: Famous Quotes
The federal income tax turns 100 this month and although the exact day the forms went out is in question, the 16th Amendment was ratified on Feb. 3, 1913. In honor of this anniversary, here are some famous quotations about the income tax, compiled by the Internal… Read More »
Dow Closes Above 14,000 for 1st Time in More Than 5 Years
The Dow Jones Industrial Average closed above 14,000 for the first time since October 2007. The index closed at 14,009.79 in New York trading this afternoon, up 149.21 points or more than 1 percent. Economic news stories may have contributed to the boost in the… Read More »
U.S. Economy Slowed in 4th Quarter
The U.S. economy unexpectedly took a back step in the final quarter of 2012. The Commerce Department announced this morning that the U.S. gross domestic product, the sum of all goods and services produced in the country, decreased by an annual rate of 0.1 percent in the final quarter of… Read More »
RSS
Twitter
Facebook