Fed economic outlook tanks stocks, which were ready to tank anyway
Wednesday’s FOMC report and the Fed economic outlook for the next few quarters didn't help the market, as stocks tanked across the board.
Amazon.com
The Fed: Rate hikes off the table. IRS: 2021 tax deadline now May 17
Wednesday afternoon, the Fed indicated that interest rate hikes were off the table. Plus, the IRS has the 2021 tax filing deadline to May 17.
T-Mobile-Sprint merger greenlighted by DOJ as Mr. Market meanders
The US Department of Justice (DOJ) finally gave the go ahead for the stalled T-Mobile-Sprint merger. The $26 billion merger could be a really big deal.
Bezos scandal hits Amazon shares Friday as stock averages plunge
Coincidentally or not, the recent hot and juicy Jeff Bezos vs National Enquirer sex scandal story is hammering the shares of Amazon Friday.
Toys R Us stores R no more. Retailer to close or sell over 800 U.S. locations
Toys R Us has been on the retail ropes for years. Now, according to numerous sources, the bankrupt retail toy chain plans to close or sell all of its 800+ stores in the U.S.
Bear market ahead? DJIA plunges 400 points, most sectors hit hard
Investors are already experiencing the kind of bear market nervousness they thought they'd left behind. The biggest villain in today’s Dow drop: High-fling UnitedHealth Group (symbol: UNH), off a painful $9.98 per share, with shares currently trading at $237 and change.
Tech stocks hit Friday by Amazon’s dismal earnings
Stocks look to be heading for an August-September correction despite generally positive earnings news for many companies.
Trading Diary: Freaky Friday leads to stock portfolio moves
We reverse field on Cliffs Natural Resources (CLF) and take advantage (we hope) of Home Depot’s Amazon-induced dive off the appliance cliff.
Sean Spicer resigns, Wall Street remains in negative territory
Summer doldrums, Washington malaise and inefficiency, and surprise Amazon-Sears-Kenmore hook-up cause stocks to drift down again.
Punxsutawney Phil predicts 6 more weeks of Trump rally
Also in the financial news: Oh, Snap… Snapchat announces sure to be hot IPO incoming in markets starved for new tech offerings.
Disney, Macys, retail hammer lazy Wednesday markets
WASHINGTON, May 11, 2016 – Wednesday has been one of those days when the Maven actually sympathizes with the transparent hucksters, book-talkers and assorted blow-dry media types who are forced daily to blather on about this or that in order to feed that hungry and ruthless 24/7 cable TV-Internet-streaming video monster known as the “news ...
Cyber Monday sales: Tips for safe and effective online shopping
Expectations are for more than $3 Billion in online cyber Monday sales Before starting your holiday spend, check out these tips for online shopping and the best places to shop
Amazon [AMZN] and Hachette bury the hatchet – for now
WASHINGTON, November 13, 2014 – According to several reliable sources, Amazon.com (AMZN) and the Hachette Book Group buried the hatchet today, striking a new pricing agreement and ending their longstanding impasse over the sales and pricing of both print and ebooks via the online retail giant’s website in the U.S. Under the ebook portion of ...
LivingSocial to close F Street event space in D.C.
WASHINGTON, February 3, 2014 – LivingSocial announced January 31 that they would be closing their event space at 918 F Street NW after they honor their current bookings. The closure will likely some time in April. Employees involved in this part of the company’s operations will reportedly be laid off or given jobs elsewhere in ...
Taking Care of Business: An Office Depot, OfficeMax Merger?
It’s likely the Office Depot-Office Max merger deal is the result of continuing fallout from Boise’s earlier re-IPO.