by David Zeiler
Barclays Plc (NYSE ADR: BCS) was fined $43.8 million today (Friday) by a U.K. regulatory agency as part of a gold price fix episode back in 2012 .
A trader abused Barclays' role as one of the big banks that participates in a twice-daily conference call to set gold prices. He manipulated the price of gold lower to avoid taking a big loss to a customer who had (correctly) bet gold prices would rise.
by Tara Clarke
Stocks to Buy 2014: Memorial Day weekend officially kicks off the summer holidays, which means the jump in beer sales begins now.
In 2013, beer and malt beverage sales reached more than $11 billion, just in the 15 weeks between Memorial Day and Labor Day. That made the libation one of the largest-selling categories of any food and beverage, according to Nielsen Senior Vice President Andrea Riberi – and this year will prove no different.
But some beer companies have more to offer than a fizzy, golden product to enjoy. A few also offer excellent investment opportunities.
You see, it’s not just summer cookouts that keep beer company profits flowing. In 2013 alone the beer market in the U.S. was worth approximately $100 billion, according to Brewers Association. And more than 2,800 total breweries operated for some or all of 2013, the highest total since the 1870s.
Here are two beer stocks to buy now to pour some extra profits into your portfolio...
by Diane Alter
The Facebook (Nasdaq: FB) stock price is up 60.5% from the IPO price – so investors were thrilled at the shareholder meeting.
Money Morning's Chief Investment Strategist Keith Fitz-Gerald has been following this growing sector throughout 2014, because it promises to offer some of the best investments for years to come.
"There is not a single industry or product that will have a more profound impact on our lives, our future, and, of course, our money," Fitz-Gerald said.
by Diane Alter
Featured on today's hot stocks list are a rising cybersecurity company, a surging small-cap biopharma firm, and a climbing Chinese penny stock.
Take a look at 12 of Friday's hot stocks on the move, and find out what's behind their action.
Stock market today, May 23, 2014: The Dow Jones Industrial Average increased on Thursday on positive news in the housing market. Data from the National Association of Realtors indicated a 1.3% increase in home sales in April. This is the first increase of the year.
Here’s what to watch for in the stock market today:
The FDA's Expedited Programs help get promising new therapies for seriously ill patients approved as soon as possible.
But they also create an unintended side effect that's a huge advantage for investors: They point exactly to the biggest money-making opportunities in the bioscience industry.
They're like big, green, neon signs that say, "This is an important drug with incredible profit potential."
And this is how you find them…
JD.com Inc. (Nasdaq: JD) stock was up as much as 20% from its offer price on its first day of trading today (Thursday). Shares of JD reached a high of $22.80 shortly after 11:00 a.m.
JD.com stock jumped in early trading after the company priced its shares at $19 each, and raised nearly $1.8 billion. That was above the company's projected range of $16 to $18 per share.
The Dow Jones Industrial Average gained Thursday on positive news in the housing market. Data from the National Association of Realtors indicated a 1.3% increase in home sales in April. This is the first increase of the year.
Also contributing to the Dow's rise were abating concerns about the Chinese manufacturing sector.
Here are closing numbers for U.S. markets, and the top stories from today…
On Wednesday, Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on CNBC's "Closing Bell"for a roundtable discussion of the April Federal Open Market Committee (FOMC) meeting.
Take a look and find out why Fitz-Gerald became "concerned the Fed is underestimating key factors" when he saw the FOMC meeting minutes – and how investors should approach the market in these uncertain conditions…
