Today's financial news, May 2, 2014: This morning (Friday), the Bureau of Labor Statistics reported that the official U.S. unemployment rate fell from 6.7% to 6.3%, the largest single monthly drop since September of 2008.
U.S. markets were mixed on Thursday after a string of positive economic data improved the nation's outlook, despite higher weekly jobless claims.
Here’s what you need to know to make your Friday profitable.
Social media investments have improved over the past couple of years, since the Facebook IPO fiasco… Facebook's (Nasdaq: FB) initial public offering (IPO) failed to garner any real momentum for the first several months, and even dipped below $20 per share in late 2012. At that time, many market watchers declared the social media bubble […]
by Shah Gilani
"The markets are not rigged."
That's what U.S. Securities and Exchange Commission Chairwoman Mary Jo White told a House of Representatives panel on Tuesday.
She went on to say, "The U.S. markets are the strongest and most reliable in the world."
Of course she's right. The U.S. markets are the strongest and most reliable in the world.
But she's either blind or deluded if she doesn't know they are also rigged...
The Dow Jones Industrial Average slid 21.97 points to finish at 16,558.87 on Thursday on news that jobless claims were higher than expected and the International Monetary Fund committed $17 billion to stabilize the Ukrainian economy.
The S&P 500 was down 0.27 points to finish at 1,883.68, while the Nasdaq was up 12.90 points, closing at 4,127.45.
Here’s your recap of today’s major market events.
by David Zeiler
Now that Bitcoin has shown it can survive a variety of disasters – including an unsavory association with illegal drug buying and the bankruptcy of its biggest exchange – more investors are going to want to jump into the digital currency.
But that means figuring out how to buy bitcoins.
Tesla Motors Inc. (Nasdaq: TSLA) announced this week that customers in China can start purchasing Model S sedans through Alibaba Group Holding Ltd.'s online-payment platform Alipay.
For now, the Alibaba partnership should make purchasing a Tesla vehicle online easier for Chinese consumers.
by Diane Alter
The old saying "Sell in May and go away" comes from poor market performance from May – Nov. The Dow typically underperforms in those months compared to the winter season.
But lately, that hasn't been the case.
by Frank Holmes
Last year China's private-sector demand for gold reached a record level of 1,132 tonnes, and according to the World Gold Council (WGC), the Asian nation could easily dominate the gold market once again, as they predict demand growing 20% by 2017.
This updated projection from the WGC confirms that China's love for the precious metal remains robust.
Here's what's driving China’s ever-growing hunger for gold...
