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HUGE: Samsung permanently ends Galaxy Note 7

$18 billion wiped off Samsung shares in martphone debacle. No plans to resume production of high-end phone. Apple (AAPL) soars, will benefit greatly with increased iPhone 7 sales.

Orlando, Brexit roil markets. Plus: Microsoft buys LinkedIn

WASHINGTON, June 13, 2016 –Stocks opened moderately down Monday with plenty of serious and still-breaking, market-moving news to absorb. As of 10:30 a.m. EDT, the Dow and S&P 500 were off a fraction, while the tech-heavy NASDAQ was off more sharply, down nearly 0.25 percent. The market was already rocked by Friday’s lousy close on ...

Tuesday stocks turn tail and run. Higher U.S. interest rates loom

WASHINGTON, May 31, 2016 – The merry, merry month of May is limping to a month-end close in Tuesday Wall Street trading action. As of 2:30 p.m. EDT, all three widely followed stock averages—the Dow Jones Industrials, the S&P 500 and the NASDAQ—are off sharply, with the Dow taking the worst hit, currently sitting at ...

Stocks experience Freaky Friday as bears battle bulls

WASHINGTON, May 20, 2016 – There’s really not much to report this Freaky Friday afternoon, so we’ll keep it short. We’re alluding, of course, to that already long-ago Disney flick wherein a pre-criminal Lindsay Lohan swaps souls and personalities with mom Jamie Lee Curtis. The same sort of thing seems to be happening in the ...

Fed Reserve surprise: Looks like rumored June rate hike is on

WASHINGTON, May 18, 2016 – Short report today as we assess the Wednesday afternoon damage, courtesy of the latest Federal Reserve minutes release. Issued to the public as of 2 p.m. EDT, as is customary (although everyone knows the document is leaked earlier to those in the know), the May minutes indicated that a lively ...

Apple, oil, China: Worried stock markets plunge Tuesday

WASHINGTON, May 3, 2016 – Short reports this week, as the Maven is heavily involved in his other pursuit as music and theater critic for this site. Washington National Opera is in the midst of its first-ever complete performance of Wagner’s epic Ring Cycle, and, as any Wagner fan knows, even attending these 4-5+ opera ...