Category

U.S. Economy

Housing Market

Let's Make the Mortgage Due for Fannie Mae and Freddie Mac

You can call it a bailout, a rakeover – I mean, takeover – or socialism for cash.

But, whatever you call it, it's not going to last.

The $187.5 billion bailout of Fannie Mae and Freddie Mac back in 2008 was absolutely necessary.

But here's why it's time for the government to get out of the mortgage business for good...

Stock Market Today

GSK, YHOO, DE, and NFLX Are Today's Pre-Market Movers

Premarket movers today, May 14, 2014: The Dow Jones Industrial Average rose to a new closing record on Tuesday of 16,715.44. The S&P 500 hit a record intraday high, touching over 1,900 for the first time ever.

Here’s what to know about the stock market today to make your Wednesday profitable:

Jobs

March Jobs Report: Still Stuck in Second Gear

The highly anticipated March jobs report out today supported what U.S. Federal Reserve Chair Janet Yellen said earlier this week: The job market is not back to normal and the Fed has more to do on the unemployment front. This morning, the U.S. government announced that the economy barely missed expectations of 200,000 new jobs […]

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Bitcoin

Bitcoin ATMs Will Push Digital Currency into the Mainstream

One of the main obstacles holding back mass adoption of Bitcoin is that it's not all that easy for the average person to buy it.

Title: bitcoin ATMs - Description: bitcoin ATMsThat is quickly changing, however, with the spread of Bitcoin ATMs. The few hundred Bitcoin ATMs scattered around the world right now will bloom into tens of thousands over the next few years, and eventually hundreds of thousands. (There are about 2.2 million conventional ATMs in the world.)

That kind of accessibility will prove key to the wider adoption of Bitcoin. But the machines also need to be easy to use, a consideration the Bitcoin ATM pioneers already seem to understand.

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Commodities

How to Invest in Agriculture Ahead of Price Spikes in 2014

Ukraine is Europe's most important actor in agriculture. And the Russian standoff over the Crimean region is creating a number of concerns for Europe's breadbasket.

Ukraine also feeds North Africa, and social unrest over food prices in nations like Egypt and Tunisia will heat up again if grain prices continue to soar.

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Hot stocks

Why This Facebook (Nasdaq: FB) Acquisition Means Huge Profits

When Facebook Inc. (Nasdaq: FB) recently announced it was buying the messaging service WhatsApp for $19 billion, it touched off an avalanche of controversy and criticism.

We saw comments from the usual market pundits and stock jockeys. But with WhatsApp – thanks to the unique name, and the immense purchase price – even the late-night comedians stepped up.

Stock Market Today

Stock Market Today: Dow Jones Industrial Average Falls, These Stocks Soar

U.S. stocks closed mixed today, with the Dow Jones Industrial Average incurring losses, while the S&P 500 and the tech-heavy Nasdaq noted modest gains.

The Dow Jones Industrial Average closed down 0.07% or 11 points, to 16,340; the S&P 500 closed up 0.03%, or 0.5 points, at 1,868 points; and the Nasdaq closed up 0.5%, or 16 points, at 4,323 points.

Energy futures fell today, with crude oil, heating oil, and natural gas futures significantly off. Light, sweet crude oil for April delivery is down 2.1% at $97.91 per barrel today; heating oil is down 1.4% at $2.92 per gallon; and natural gas is down 1.7% at $4.52 per million BTUs.

Meanwhile, metals futures rose, with gold trading up 1.5% at $1,367.50 per ounce, platinum trading up 0.7% at $1,475.30 per troy ounce, and silver rising 2.2% at $21.28 per ounce.

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Hot Stocks

Hot Stocks to Watch Today

U.S. equities jumped up right out of the gate Tuesday, with all three benchmarks up better than 1% just before noon. The S&P 500 Index hit yet another record high. European markets, also hammered on Monday, recovered most of what they lost in Tuesday's session.

Hot Stocks Today

While the gains were broad-based as stocks rebounded from Monday's rout, there were a number of equities moving higher on company developments, industry news, earnings, and deal making. Following are 12 of today's hot stocks to watch.

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Hot Stocks

Best Stocks to Buy Now: How to Play 2014's Most Profitable Trends Today

Best stocks to buy for the week ending Feb. 28, 2014: The S&P 500 Index finished February up 4.3% at 1,859.45, its best month since October and its best February since 1998.

The Dow Jones Industrial Average ended February 4% higher, trimming year-to-date losses to 1.5%. And the Nasdaq closed out the month up 5%. The tech-heavy index is up 3.2% in 2014 and sits at a 13 1/2-year high.

Five years ago this Sunday, on March 9, 2009, the S&P 500 closed at 676.58, its lowest level since the start of the 2008 financial crisis. Since then, stock returns have more than tripled.

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Top News

Icahn on eBay (Nasdaq: EBAY): "They Just Don’t Get it"

Activist investor Carl Icahn poured the pressure on eBay Inc. (Nasdaq: EBAY) Thursday in his third scathing open letter to eBay shareholders.

nasdaq ebay logo

In what has become a wicked war of words between the corporate raider and the online auction and shopping site, Icahn continued to press eBay to spin off its electronic payment arm PayPal, maintaining the unit is worth more as a standalone.

The billionaire investor also wants the San Jose, Calif.-company to overhaul its corporate board. Icahn, who holds a 2.2% stake in eBay, continued to reproach the company for a "complete disregard of accountability" and took further jabs at board members.

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