Bad sign? Retail investors all in: TD Ameritrade
TD Ameritrade CEO Fred Tomczyk acknowledges the potential pitfalls of people being “pretty fully invested” and what that may portend for stocks.
GM to spend $5.4B on US factories over 3 years, add 650 jobs
General Motors plans to spend $5.4 billion to improve its U.S. factories during the next three years, creating about 650 new jobs. The company gave details of $783.5 million of the investments on Thursday …
Sales of $100 million homes rise to record
Demand for mega-mansions and penthouses has accelerated as wealthy buyers seek havens for their cash and search for alternative investments such as art and collectible real estate, according to a report Thursday by Christie’s International Real Estate, owned by auction house Christie’s. Five homes sold for more than $100 million last year, with at least 20 more on the market with nine-figure asking prices, the brokerage said. “You’re looking at
U.S. jobless claims at 15-year low; consumer spending rises
The number of Americans filing new claims for jobless benefits tumbled to a 15-year low last week and consumer spending rose in March, signs the economy was regaining momentum after stumbling badly in the first quarter. Initial claims for state unemployment benefits fell 34,000 to a seasonally adjusted 262,000 for the week ended April 25, the lowest reading since April 2000, the Labor Department said. The four-week moving average of
Warning signal flashing for stock investors?
Analysis from Carter Worth, head of technical analysis at Cornerstone Macro, suggests the market may be facing serious headwinds, and, looking at a standard chart of the S&P 500, you’d never know it.
It's a bull market, but neutrality is best: Gartman
Influential investor Dennis Gartman told CNBC Thursday that he’s still optimistic about equities – to some extent.
Warren Buffett losing some mojo on his economic 'moats'
Warren Buffett has carved out a core stock-picking strategy of investing in companies with strong economic “moats,” businesses that have built, fortified and generated success from well-known brands that make it difficult for them to succumb to competitive forces. Stalwarts like International Business Machines (IBM.N), Coca-Cola Inc (KO.N), Procter & Gamble Co (PG.N) to name a few have showed declining revenue trends in recent years, and face competition that may
Record pollution fine for McDonald's supplier in China
A french fry supplier to the McDonald’s restaurant chain in China has been issued Beijing’s biggest-ever pollution fine for releasing dirty wastewater, state media reported. The official Xinhua News Agency …
McDonald's new menu, Apple becoming Microsoft and Budweiser's blunder
Yahoo Finance’s Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
Budget showdown looms; Pres. Obama draws ‘two clear, red lines’
President Obama’s Director of the Office of Management and Budget, Shaun Donovan, tells Yahoo Finance that the President won’t accept spending proposals that don’t meet with his approval.
