The Dow Jones struck yet another record closing high Monday – its fourth in a row. The S&P 500 likewise hit a new record.
It's Singles' Day in China and customers are celebrating early – which is huge for Alibaba stock.
In fact, more than $1 billion was spent over Alibaba Group Holding Ltd.'s (NYSE: BABA) network of sites during the first 17 minutes of the day.
To Americans the holiday means nothing. But to those investing in Alibaba stock, it's the biggest day of the year.
You'd be hard pressed to find two guys more different than Warren Buffett and Google's (Nasdaq: GOOG) Ray Kurzweil.
Buffett, probably the world's most famous investor, steered clear of high tech until just the last few years. Kurzweil, on the other hand, has pushed the boundaries of innovation for more than five decades.
McDonald's Corp. (NYSE: MCD) has for years been one of the best stocks to buy because of its expansion into high-growth areas like China.
But today (Monday) MCD reported a 0.5% drop in global sales at restaurants open at least 13 months.
Once one of Money Morning Chief Investment Strategist Keith Fitz-Gerald's favorite stocks to buy, the fast-food chain's latest troubles have changed his views.
Dividend investing news, Nov. 10, 2014: The S&P 500 is on pace to break more dividend records this year…
Q3 marked the first quarter in which total payouts surpassed $90 billion. And Q4 is likely to beat last quarter's milestone.
The biggest name on this week's IPO calendar is Virgin America Inc. (Nasdaq: VA), as Sir Richard Branson prepares to take his airline company public.
The Virgin America IPO comes at a time when airline stocks are vastly outperforming the markets. So far in 2014, Southwest Airlines Co. (NYSE: LUV) has climbed 106%, American Airlines Group Inc. (Nasdaq: AAL) is up 71.5%, and Delta Air Lines Inc. (NYSE: DAL) has gained 55.7%.
The biggest wave of season hiring in a decade suggests that 2014 holiday retail sales will be their strongest in years.
In recent weeks retailers have been scrambling to hire more seasonal workers than usual in advance of the holiday shopping season. Retailers could add as many as 800,000 workers this year – the most since 1999.
When Gannett Newspapers posted me to China in 1996, the Pudong area of Shanghai was just beginning its transformation from swampy farmland and ramshackle wharves into a thriving financial district. Today it's one of the world's key financial centers, home to more than 5 million people, one of the world's tallest buildings, and an international airport.
When Apple shopped for a site for its first Shanghai Apple store, it chose a spot in Pudong.
The Pudong "experiment" has done so well, in fact, that Pudong has emerged as one of China's real financial anchors. Indeed, The Wall Street Journal recently wrote that "today, as worries of a China property crash are back in force, there is an unlikely bright spot: Pudong."
Since 1990, the amount of surface-area construction that's taken place in Pudong is the equivalent of two Manhattans. And while Pudong was conceived as an international gateway, it's actually become a model of how development should take place, as China's economy shifts from one focused on exports to one being driven by domestic spending.
The week was dominated by the mid-term elections that produced a sweeping victory for Republicans. Whether this will translate into meaningful economic policy initiatives remains to be seen, however. The Republican agenda includes the Keystone XL pipeline, corporate tax reform, lifting trade barriers, peeling back the Affordable Care Act and potentially making some changes to […]
Between the Dow vs. S&P 500, only one index reigns supreme as the top bellwether of U.S. markets. In fact, it's not even close.