Dow crosses 26,000 for first time

The market’s moves are coming faster than they ever have before. The Dow Jones industrial average crossed 26,000 for the first time on Tuesday — just seven trading days after crossing 25,000, the speediest 1,000-point sprint in the 122-year history of the index on an intraday basis. But the early

Floor collapses inside Indonesia stock exchange, injuring 50

JAKARTA, Indonesia — A mezzanine floor inside the Jakarta Stock Exchange tower collapsed on Monday, injuring more than 50 people and forcing a chaotic evacuation. TV footage showed the lobby strewn with debris and people being helped out of the building while others lay on the grass or steps

Why Kodak’s cryptocurrency move is a terrible idea

Let’s say last week may have been a Kodak moment for the company, but for all the wrong reasons. The 130-year-old business was at one time the leading photography company in the world, but it incredibly missed its own industry’s entire digital metamorphosis. Well, now the company is trying

Wall Street hits new highs on robust retail, investor optimism

Wall Street continued its rally on Friday with record closing highs as the fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove investor optimism about economic growth. The S&P 500 and Nasdaq both registered their eight record closing highs out of the first

Wall Street not a fan of Facebook’s new News Feed

Facebook’s latest changes to its News Feed left investors searching for a dislike button. Shares of the social network plunged 4.5 percent on Friday, to $179.37, one day after the company said it would prioritize posts from friends over posts from publishers and businesses. The changes could lead to a

Wall Street not a fan of Facebook’s new News Feed

Facebook’s latest changes to its News Feed left investors searching for a dislike button. Shares of the social network plunged 4.5 percent on Friday, to $179.37, one day after the company said it would prioritize posts from friends over posts from publishers and businesses. The changes could lead to a

Wall Street skeptical of Kodak’s stock rally after crypto reveal

Kodak stock is shaking like a Polaroid picture. see also Wall Street gave Eastman Kodak some negative exposure on Thursday as investors bet that a huge two-day rally in the company’s shares would collapse. Kodak shares more than tripled in price over two days — to $10.60 on Wednesday — after

GoPro shares dip after analysts’ warnings

Shares of GoPro fell again on Tuesday after analysts warned that its products face increasing market saturation, a day after the action-camera maker said it was open to a sale but was not actively pursuing one. Shares of the company were down 5 percent, at $6.23, in early trading,

Stocks surge despite weaker than expected job growth

US job growth in December came in weaker than expected — but investors cheered nonetheless, focusing on the unemployment rate holding at ­4.1 percent, a 17-year low. Nonfarm payrolls added 148,000 jobs last month – below the 190,000 expected by economists — yet strong enough to bring employment gains

Pot stocks have rollercoaster day after DOJ announces policy shift

Marijuana stocks were in for a wild ride on Thursday after the Justice Department said it was rescinding an Obama-era policy on how the drug was policed. The ETFMG Alternative Harvest ETF, which tracks global cannabis companies, fell 6.2 percent Thursday — though it rebounded as much as 8.9

Corona maker misses on sales, wine and spirits disappoint

Corona maker Constellation Brands missed Wall Street estimates for third-quarter sales on Friday and said wine and spirit volumes for the full year would be at the low end of its prior forecast. Constellation’s shares, up around 50 percent last year, fell 2.4 percent in premarket trading despite the

Market analysts see booming stock growth in 2018

Happy New Year, Wall Street — pop that Champagne cork because 2018 could be another great year for massive wealth creation. With rising 401(k)s expected to push average balances back into solid six figures — and US equity prices forecast to surge as much as 15 percent — more Americans

The economy is in store for more success in 2018

Some would say it’s going to be tough to top 2017 for its stock market performance, but perhaps it’s time to look at other asset classes for 2018. For starters, stocks soared in 2017, with a strong and much more inclusive rally than in previous years. The Dow Jones was

How do we track down stocks from a company that was divided?

Dear John: My mother worked for Western Electric and had tons of stock. As you know, the company divided up in 1984. My mother was receiving notices about her shares up until 1994, then they suddenly stopped coming. She has tried to call the different companies that it was

Citigroup fined for advising to ‘buy’ stocks rated ‘sell’

You had one job, Citigroup. The banking giant’s brokerage group displayed “inaccurate research ratings” — namely, slapping “buy” ratings on stocks that were actually rated “sell,” and vice versa — to its brokers, retail customers and supervisors, the Financial Industry Regulatory Authority said Thursday. Because of a faulty electronic data

Kanye gifts Kim hundreds of thousands of dollars in stocks

What do you get someone who already has a ton of money? More money! Kanye West put the stock in stocking stuffer when it was revealed that he gifted wife Kim Kardashian with hundreds of thousands of dollars worth of stocks from companies including Apple, Amazon and Adidas. “Okay, so

Overstock CEO warns of cryptocurrency dangers

Fresh on the heels of his own initial coin offering, Overstock.com CEO Patrick Byrne had harsh words for latecomers to the exploding cryptocurrency space. “I’d put it this way: If they don’t already have a bunch of blockchain developers and if they can’t tell you what ERC-20 is …

Apple’s stock dips on iPhone X worries

Apple shares dipped more than 1 percent on worries that sales of the iPhone X won’t meet Wall Street’s lofty expectations. Nomura analyst Jeffrey Kvaal cut his rating on the tech giant’s stock to neutral from buy, warning that demand for Apple’s so-called “future of the smartphone” — which

Apple’s stock dips on iPhone X worries

Apple shares dipped more than 1 percent on worries that sales of the iPhone X won’t meet Wall Street’s lofty expectations. Nomura analyst Jeffrey Kvaal cut his rating on the tech giant’s stock to neutral from buy, warning that demand for Apple’s so-called “future of the smartphone” — which

Trump predicts jump in stock market ahead of tax bill vote

On the verge of scoring a major legislative accomplishment, President Trump on Tuesday hailed the performance of the stock market – predicting an even higher jump with a GOP tax-reform plan. “DOW RISES 5000 POINTS ON THE YEAR FOR THE FIRST TIME EVER — MAKE AMERICA GREAT AGAIN!” the

Two companies will suck up half of tech’s profits in 2018

On the whole, tech giants are poised to deliver “stable” revenue and profit in 2018, but Apple and Microsoft are expected to be the main reasons for continued earnings growth. According to an analysis from Moody’s released Tuesday, big tech is projected to boost revenue by 3.5 percent to

Morgan Stanley buys stake in Overstock cryptocurrency

Morgan Stanley went shopping at Overstock.com — and it had nothing to do with the discounted leather sofas. The Wall Street bank has purchased an 11.4 percent stake in the Web retailer just days before the Salt Lake City company’s cryptocurrency trading goes live. The disclosure, in a regulatory filing

Dow and S&P 500 flat after Port Authority bombing

The S&P 500 and the Dow were flat in early morning trading Monday after an explosion rocked New York’s Port Authority, one of the city’s busiest commuter hubs. Police confirmed one suspect was in custody but had yet to identify the device used. Local news channel WABC cited police

Airport scanner maker’s stock tumbles after analyst trashes it

OSI Systems, the maker of airport scanning systems, lost nearly a third of its value on Wednesday after short-seller Carson Block accused it of underhanded practices. “We think this company is rotten to the core,” Block’s firm, Muddy Waters, said in a 19-page report, which was accompanied by a

AI is better at picking stocks than the stock market

One of the most notable success stories on Wall Street in 2017 isn’t exactly a human-interest story. The AI Powered Equity, an exchange-traded fund that uses artificial intelligence technology to select the stocks it holds, has emerged as one of the most successful new funds of the year, proving

AI is better at picking stocks than the stock market

One of the most notable success stories on Wall Street in 2017 isn’t exactly a human-interest story. The AI Powered Equity, an exchange-traded fund that uses artificial intelligence technology to select the stocks it holds, has emerged as one of the most successful new funds of the year, proving

Stocks make slight recovery after Flynn guilty plea

Enough already. Investors were on the edge of their seat on Friday as the Dow Jones industrial average was whipsawed within a 400-point range. First, a mid-morning guilty plea by President Trump’s former national security adviser, retired Lt. Gen. Michael Flynn, took the Dow on a 280-point nosedive over just

Flynn’s guilty plea triggers stock sell-off

Watch out below! US stocks tumbled Friday morning on a report that former National Security Advisor retired Lt. Gen. Michael Flynn is expected to tell Special Counsel Robert Mueller that President Trump, before being elected, “directed him to make contact with the Russians.” The Dow Jones industrial average plummeted more

Ugg owner fails to appease shareholders

Deckers Outdoor, the parent of the popular Ugg shoe brand, made a flat-footed attempt on Monday to appease shareholders. Amid a contentious proxy fight with activist hedge fund Marcato Capital, the Goleta, Calif., company said that it would appoint at least two new independent directors to its board by