By Shah Gilani, Chief Investment Strategist, Money Morning • @ShahGilani_TW - • Print | Email
Do you remember the not-so-big-deal legislation known as the 2012 STOCK Act?
That's STOCK as in Stop Trading on Congressional Knowledge.
Of course, our Congress of paid pimps and panderers intended the STOCK Act to show everyone that they were willing to make a law to make sure they wouldn't do what they said they weren't doing.
Well, it looks like they still may be doing it anyway...
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email
The Alibaba IPO is expected to be one of the largest U.S. IPOs of all time, with some projections placing the deal north of $20 billion.
The Alibaba IPO date isn't imminent – it may still be months away – but that hasn't stopped investors from looking for ways to begin profiting from the Alibaba IPO now.
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
Top stock market news, June 19, 2014: The stock market today (Thursday) closed with mixed results. The Nasdaq slipped, while the Dow Jones Industrial Average gained and the S&P 500 finished for its twenty-first record high so far in 2014. A decline in jobless claims and growing optimism about the Federal Reserve's forward guidance on interest rates were among the news affecting the market climate.
Here's the scorecard from today's trading session:
DOW: 16,921.46 (+0.09%)
S&P 500: 1,959.47 (+0.13%)
NASDAQ: 4,359.33 (-0.08%)
And here are the top stories in economic news today…
By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - • Print | Email
You'd think the Bitcoin stock losers -the credit card companies, big banks and international payment companies — would be worried about the digital currency.
But they're not.
In fact, the companies most threatened by Bitcoin, the credit card industry, haven't even bothered to list the digital currency as a risk in its Securities and Exchange Commission (SEC) filings.
But their failure to recognize this existential threat is going to pummel their stocks…
By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - • Print | Email
Apple Stock News: With Wednesday's announcement that Apple Inc. (Nasdaq: AAPL) has started selling a cheaper model of its iMac desktop, we're seeing a shift in philosophy that would have been impossible under CEO Steve Jobs.
It's a philosophy that we also saw in the decision to release the iPad Mini back in 2012. And under CEO Tim Cook, we're sure to see more of it.
Here’s what the low-cost iMac is really saying about Apple under Tim Cook…
By Diane Alter, Contributing Writer, Money Morning - • Print | Email
Gold, silver, and the FOMC meeting today: Precious metal prices were fairly steady Wednesday morning awaiting the typically market-moving statement from the Federal Open Market Committee (FOMC) meeting today. The spot gold price was last trading down $0.90 at $1,271.50. July silver prices were last quoted up $0.003 at $19.735 an ounce.
Over the last several years, investors have shown a keen interest in shiny assets as the U.S. Federal Reserve liberally printed money and distrust in dollars grew. But that interest has waned as the Fed slows its bond buying.
Now an FOMC meeting can be a strong headwind for gold and silver...
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
Stock market news, June 17, 2014: The Dow Jones Industrial Average rose marginally on Tuesday despite a swath of disappointing data including higher inflation and poor housing numbers. The fourth Federal Open Market Committee meeting of 2014 began this morning, though few clues about rate hikes or tapering will be seen until tomorrow morning.
And here are the rest of today’s stock market news stories:
By Michael A. Robinson, Defense + Tech Specialist, Money Morning • @Robinson_STI - • Print | Email
Update on tech stocks to buy: With the long-term decline in PC sales, many investors and the big-money guys on Wall Street are writing off software, too.
But increased sales of commercial software more than make up for the decline in PC-related software.
Today, I'm going to tell you about one of the single best software investments you can make to benefit from the profits of the entire software industry.
By Diane Alter, Contributing Writer, Money Morning - • Print | Email
Stocks to watch: Nuance Communications (Nasdaq: NUAN) stock continues its climb today, rewarding investors with 12% gains in the last 24 hours. The voice recognition company, whose technology is used to power Apple Inc.'s (Nasdaq: APPL) Siri, is said to be looking into a sale of the company – possibly to Apple's rival, Samsung.
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
The stock market close today found the Dow Jones Industrial Average in positive territory positive territory after a late rally pushed stocks higher. The markets had been trading down through midday, as concerns over the crisis in Iraq continue to mount.
And here are the top stories from today:
