Americans continue to fall far short of what they need to be saving for retirement. According to a new survey commissioned by Wells Fargo through Harris Poll, The median amount of money saved for retirement by middle class people is…
Category: Investing
How Warren Buffett Lost $2 Billion in Two Days on Two Stocks
Business magnate Warren Buffett has built a reputation for making solid financial investments, with many investors and experts alike watching his example and following his tips in order to form their own successful financial future. Despite his own highly successful…
Heineken Stands Firm Rejects Purchase Offer from SABMiller
Approached by the competition, Heineken refused a proposal by SABMiller to purchase the company. The offer stated that Heineken would continue to operate independently of SABMiller, but Heineken rejected the offer, stating the proposal was “non-actionable.” In a move speculators…
US Stocks Fail to Secure Wall Street Gain for Sixth Week in a Row
The winning streak couldn’t last forever, and US stocks finally hit a small speed bump on Friday and closed lower for the first time after five weeks of gains and record highs. The good news is that the retreat in…
General Mills Agrees to Purchase Annie’s Organic for $820 Million
Organic has quickly moved from the fringes to the mainstream, and it now means big money. General Mills announced Monday it will acquire Annie’s, one of the largest food brands concentrating on natural and organic food. The purchase is said…
S&P 500 Ends Week at Another Record High with Gains for Fifth Week in a Row
It was another good week for stocks with the Standard and Poors 500 (S&P 500) closing at its highest level ever once again. The rise was spurred by a jobs report which came in weaker that most analysts anticipated. This…
S&P 500 Tops 2000 but Fails to Hold It for the Day
That didn’t take long. There was wide speculation before the opening bell Monday that the Standard and Poor’s 500 (S&P 500) would break through the 2,000 point barrier in the near future. That’s exactly what it did at 10:11 am…
S&P 500 Flirts with 2000 Again with a Good Chance to Top It Next Week
The Standard and Poor’s 500 (S&P 500) is once again flirting with the 2,000 point value, falling just 12 points short of achieving this highly anticipated milestone on Friday. While it wasn’t able to break the barrier last week, it…
Apple Stock Continues to Soar Reaching Another All-Time High
Apple stock is on fire. Another day, and the company records another record high. After a long two year wait, the technology company’s stock reached a record all-time high on Tuesday closing at $100.53 per share, ahead of the $100.30…
Apple Stock Closes at All Time High Breaking $100 a Share
Those who own Apple stock had something to celebrate today. It’s been a two year journey, but the technology company’s stock reached a record all-time high, closing at $100.53 per share, ahead of the $100.30 split-adjusted price per share from…
Ukraine Rattles Stocks but Dow Ends Week in Positive Territory for the Year
Last week was tough for US stocks with the Dow Jones industrial average falling enough to place it in negative territory for the year. This week looked better as it managed to get back into positive territory during the week,…
Bitcoin is the Wild West of Currency Says Consumer Financial Protection Bureau
Virtual currencies are the latest currency incarnation gaining in popularity since their introduction in 2009, with many considering them a smart and advanced method of making transactions. The best known of these is Bitcoin, although there are now literally dozens…
Wall Street Ends Week Higher on Strong Friday Rally But Still Below All-Time Highs
It appeared it was going to be another down week for stocks until Friday arrived. The last day of the week produced the best day for the S&P 500 and Dow Jones industrial average since March, and it pulled stocks…
Wall Street End Week with Best Day Since March, Still Well Below All-Time Highs
It didn’t look like it was going to be a good week for stocks, but a Friday rally which produced the best day for stocks on the S&P 500 and Dow Jones industrial average since March, pulled stocks higher for…
S&P 500 has Worst Week in Two Years and Dow in Negative Territory for the Year
It only took a couple of days at the end of the week to completely change the recent stock market momentum. On Wednesday it appeared there still might be a chance for the Dow Jones industrial average to reach a…
Dow Sees Biggest Decline in Six Weeks as S&P 500 Fails to Extend Record Closes
The week for stocks looked so promising through Thursday, but Friday brought about a sour note, leaving stocks lower for the Dow than where it began for the week, and erasing record highs the S&P 500 had been achieving during…
More Atlantic City Woes: Trump Plaza Hotel Casino Could Close in September
Atlantic City could see the Trump Plaza Hotel close as early as September if reports from The Press of Atlantic City are correct. The closure of this hotel-casino would mean the loss of another 1,000 jobs in Atlantic City, which…
The Profit TV Star Marcus Lemonis Likes His Crumbs
There was a sliver of hope for those who love their gourmet cupcakes after the bad news that Crumbs cupcakes had closed up all its stores and filed for bankruptcy after defaulting on over $9 million in loans. It appears…
S&P 500 and Dow Hit Record Highs While Less than Half of People Own Stocks
As both the Dow Jones industrial average and S&P 500 index hit record highs, most of the nation doesn’t have much to celebrate. That’s because less than half of Americans actually own stocks these days, so there is no financial…
Dow Tops 17,000 and S&P 500 Hits Record High in Short Week of Trading
A short week for stocks couldn’t dampen trader’s spirits as both the Dow Jones industrial average and S&P 500 index hit new all-time highs in the week leading up to the Fourth of July. With stock markets taking a break…