The major indices ended well off the lows of the week, but couldn’t pull off a win. On Monday, stocks were mixed. Then on Tuesday, the major indices dropped with investors watching interest rates hit levels not seen in 4 years. The rest of the week we watched the major indices fight to get back … Read more
Stocks got off to a great start today. After a higher open, the major indices continued to rally and never looked back. Helped out by a big move in Facebook (FB), the NASDAQ led the major indices today. Facebook had an awesome quarter, in spite of the recent data concerns. Beating earnings and revenue estimates, Facebook finished the … Read more
Bitcoin’s limited supply is about to get a bit more limited. Barring an unforeseen event, the 17 millionth bitcoin is likely to be mined in the coming day, data from Blockchain.info shows, a development that would mark yet another milestone for the world’s first cryptocurrency. That’s because as per bitcoin’s current rules, only 21 million … Read more
It was another roller coaster of a day for the major indices. Stocks sold off quickly in the first 15 minutes of trading. But after finding support, the major indices were slightly higher late morning. From there, stocks chopped around until the S&P and DOW finished higher on the day. After today, the DOW’s losing streak comes to an end after 5 … Read more
If you’re like many retirees, your Social Security checks will account for a large portion of your retirement income. But how well you understand the ins and outs of these entitlements could make a big difference in how much you receive over your lifetime. To that point, 69 percent of baby boomers — a generation … Read more
Ten-year Treasury yields sit closer to 3 percent than at any time in the past four years, prompting investors to dust off their playbooks for how to trade in an era of relatively higher rates. Rising rates isn’t exactly a new problem for markets — the 10-year yield jumped 30 basis points in January alone … Read more
Stocks opened higher, then struggled to find direction today. After a sideways morning, the major indices rallied to session highs midday. But stocks sold off in the afternoon. There was a small push higher in the last hour of trading that helped the major indices get back to breakeven. But in the end, the major … Read more
Stocks dropped for the first time this week, giving back around a third of their weekly gains. The weakest sector today was “consumer staples” with a loss of 3.1%. Tobacco giant Philip Morris (PM) was responsible for the slide in consumer staples. PM reported a decline in cigarette shipment volume for the first quarter, and plunged 15.6% … Read more
Globalization has brought the most advanced trading networks the world has seen, with the biggest, fastest vessels, robot-operated ports and vast computer databases tracking cargoes. But it all still relies on millions and millions of paper documents. That last throwback to 19th century trade is about to fall. A.P. Moeller-Maersk A/S and other container shipping … Read more
Steve Horaney has two kids in college, a home in South Lyon and every other excuse people can roll out for not saving for retirement. Except he’s still one of the country’s 401(k) millionaires. Horaney, 50, says he’s learned to sock away money with every paycheck going back to his early 20s when he started … Read more