How China's Stock Market Tumble Is Affecting the US
With China being the second-largest economy in the world, investors around the world are anxious about the major slide in the Chinese stock market . Stocks in the U.S. are falling dramatically today following the three-month low for China's benchmark stock index, the Shanghai Composite Index. As a
Honda's Air Bag Recall Gets Bigger
Morning Money Memo… Another massive auto industry safety recall just got bigger. Honda, one of eight manufacturers affected by problems with a supplier’s air bags, is expanding its recall by as many as one million more autos in California. The air bags made by the...
$6 Billion Jury Award Over Diabetes Drug
Morning Money Memo… A Louisiana jury has ordered an international drug firm to pay one of the largest corporate fines in U.S. history. Takeda Pharmaceuticals, Japan’s biggest drug-maker, has been hit with $6 billion in punitive damages for hiding a possible link between a best-selling...
Millions Illogically Dawdle Until End to File for Tax Refunds
Morning Money Memo: The April 15 tax-filing deadline is just over a week away and millions of people still haven’t filled out their forms. Kathy Pickering of the H&R Block Tax Institute says one out of five taxpayers hasn’t filed yet, and “of those...
Yellen Fed Nomination Calms Markets
Morning Money Memo… President Obama will nominate Janet Yellen for Fed chairman. The announcement, set to come at 3 p.m., is sending a positive vibe throughout the markets. Dow, S&P and NASDAQ futures were all positive early Wednesday. Yellen, who served as Ben Bernanke’s vice chairman,...
Barnes and Noble CEO Resigns
Morning Business Memo: Three years after being hired to revive the sagging fortunes of America’s biggest bookseller, the CEO of Barnes & Noble Inc. has resigned. William Lynch’s departure follows another sorry chapter for the retailer. Days ago Barnes & Noble reported that sales plummeted...
Why Wall Street STILL Loves Tuesdays
This year, if you want to make money on Wall Street, the day of the week to do it is Tuesday. For the 20th Tuesday in a row, the Dow Jones Industrial Average finished higher. Today, the Industrials surged 106 points to finish the session at...
Record-Breaking Week on Wall Street
Stocks finished out another record-breaking week. The Dow, S&P and NASDAQ stock indexes have posted four straight weeks of gains. The Dow Jones Industrial average ended the day up 121 points to close the week at 15,354. Year-to-date, the Dow is up 17 percent. ...
Another Amazing Fat Tuesday on Wall Street
The Dow Jones Industrial average closed Tuesday at a new all-time high with a triple-digit surge of 123 points. And it’s fitting that the Dow hit a new high of 15,215 on a Tuesday because it’s the 18th straight Tuesday that the industrials have finished the...