Verizon finally dumps failed Yahoo and AOL holdings. Elsewhere, stocks soar
Monday's big story was the confirmation by Verizon (NYSE:VZ) that it decided to sell its boat-anchor investments in Yahoo and AOL.
Monday's big story was the confirmation by Verizon (NYSE:VZ) that it decided to sell its boat-anchor investments in Yahoo and AOL.
Former Yahoo CEO Marissa Mayer appeared before the Senate Commerce Committee saying that Yahoo has not been able to determine what caused the 2013 breach.
Following Verizon's proposal to acquire Yahoo, AT&T has proposed to merge with Time-Warner. But there are some who warn that this may not be good for consumers.
Tech giant Yahoo has learned it's become the latest corporate victim of cyber hackers due to a severe data breach affecting more than 10 million Yahoo users.
Anointing two subpar blondes and one subsidized eco-savior as America’s New Business Gods, the nation’s financial media goes for a hat trick of epic fails.
Will the media portray the Democrats’ dysfunctional Coronation Week for Hillary the same way they framed Trump’s Triumph in Cleveland? Monday stock averages take a dive.
WASHINGTON, November 20, 2014 – Sources Thursday morning confirm that Yahoo! (YHOO) has cut a new deal with Firefox parent Mozilla to replace Google (GOOG) as its default search engine on Firefox in the U.S. Under continuing pressure from investors and vulture capitalists looking for a fat dividend from YHOO following it mega profits from ...
WASHINGTON, November 3, 2014 – We caught the press opening performance of the Folger Shakespeare Theatre’s new production of “Julius Caesar” last night, the first time we’ve seen this play in years. But nearly everyone who’s avoided a public high school knows that play’s famous warning: “Beware the Ides of March.” Caesar ignored that warning ...
WASHINGTON, September 26, 2014 – Long rumored, reports are now surfacing that Jeffrey Smith’s activist investment firm Starboard Value LP is strongly urging Yahoo! (YHOO) to consider a “strategic combination” with AOL, aka America Online (AOL). Starboard, said to own a “significant stake” in YHOO, reportedly views such a combination as synergistic and a potentially ...
WASHINGTON, September 23, 2014 – It’s another typical Blue Monday on Wall Street today, as traders attempt to recover from twin weekend hangovers caused by a trifecta of allegedly bullish news late last week. The Fed announced, more or less, that it wasn’t going to raise interest rates anytime soon. Scotland decided to remain in ...
WASHINGTON, September 12, 2014 – Warning: Long article ahead. If you’ll forgive the vulgar analogy, trading the market this week has been a little like getting sloppy seconds. No matter what position you undertake, it’s increasingly likely to disappoint. READ ALSO: Scotland and Alibaba [BABA]: Wall Street’s Wild West Friday News past, present and future ...
WASHINGTON, September 18, 2014 – It’s fast and furious out there on Wall Street, almost like last year’s action film of the same name. (No reference to the Eric Holder scandal that the press says never happened.) The Fed has already weighed in with its September Scooby-Doo style “Who, me?” report, confirming QE ends after ...
WASHINGTON, September 17, 2014 – It’s official. The U.S. Federal Reserve Bank is ending its QE bond-buying program in October as promised. But the eagerly hoped-for words “a considerable time,” remained in its statement today, assuring investors that interest rates would be going up, but not very soon. The market has been in turmoil over ...
WASHINGTON, September 15, 2014 – Alibaba’s [BABA’s] incoming IPO really seems to have a head of steam going into its scheduled Thursday evening (September 18) pricing and Friday morning opening trading which will likely start quite late. But the Maven still doesn’t think you and I are going to get any of these shares, whatever ...
WASHINGTON, August 18, 2014 – Irrational exuberance has returned in force to Wall Street, at least for today. The DJI is up around 170 points as of 1 p.m. EDT, while the S&P 500 is up a healthy 15 points and the tech-heavy NASDAQ is up a whopping 39. It would be nice to say ...
From arguing before the Supreme Court to being one of the most brilliant minds on the Supreme Court, Ruth Bader Ginsberg has no plans to retire anytime soon
WASHINGTON, July 24, 2014 – Another day, more nonsense, and heavy earnings reports en route. Stocks are up only a few points on all averages as of noonish today, making this just another summer doldrums afternoon on Wall Street. Likely bored with stocks’ meandering, the chattering classes spiced up the action this morning by trotting ...
You cannot visit what looks to be the one of the coolest attractions in Washington, DC - the CIA Museum at Langley.
Big questions: Will Yahoo, Fed screw up latest brilliant moves?