July 7, 2017: Markets opened slightly higher Friday buoyed by a better-than-expected jobs report. The tech and consumer discretionary sectors led the gainers while the energy and telecom sectors were the laggards. WTI crude oil for August delivery settled at $44.23 a barrel, down 2.8% on the day and down 3.9% for the week following another increase in the oil and gas rig counts. August gold dropped....More>>>
Friday was a mixed day for the stock market; the Dow Jones Industrials fell slightly even as the S&P 500 (SNPINDEX:^GSPC) and Nasdaq Composite finished higher. The S&P 500’s gains of about a fifth of a percent were propelled in part by favorable economic data showing that retail sales climbed by 0.6% in December, driven by strong performance in the automotive sector. Solid bank earnings....More>>>
New research on money-stealing hackers shows they are expanding their reach — and looking more like an international mafia.
The cybersecurity experts at Dell SecureWorks track banking botnets, the massive networks of infected computers that steal victims’ bank logins and empty their checking accounts.
In 2015, the most vicious viruses expanded to also target warehouses....More>>>
Transocean Ltd. (NYSE:RIG) is the largest offshore drilling company by market cap at $3 billion. The company, like most offshore drillers, are unable to sign many new contracts for its rigs and jackups as Brent is now sitting around $56. However, the company’s financial situation is strong enough to remain without liquidity trouble for at least three more years of current....More>>>
President and CEO of Semgroup Corp (NYSE:SEMG) Carlin G. Conner bought 3,824 shares of SEMG on 06/08/2017 at an average price of $26.18 a share. The total cost of this purchase was $100,112.
Semgroup Corp provides gathering, transportation, storage, distribution, marketing and other midstream services to independent producers, refiners of petroleum products and other market participants in....More>>>
Over time, most actively managed funds fail to beat Standard & Poors 500-stock index. No one with any sense questions that. But the S&P 500 has been on a tear over the past few years, making it difficult for even first-rate actively managed funds to keep up with the index. That makes it precisely the wrong time to plow money into an index fund that tracks the S&Pwhich millions....More>>>
As if there wasn’t already enough pressure.
Reviews for Samsung’s latest, greatest, and hopefully non-exploding Galaxy S8 are starting to hit the web, and there’s universal praise among the tech press. After years of shamelessly copying Apple’s (NASDAQ:AAPL) designs (and getting sued for it), Samsung has truly come up with an innovative and unique design that looks....More>>>
American families can afford bigger helping of Thanksgiving dinner this year.
A classic Thanksgiving dinner will cost$49.87 for a gathering of 10, just under $5 per person, according to figures out this week from the American Farm Bureau Federation. The total is a step back from 2015s all-time high of $50.11.
If you adjust for inflation, the price is lower this year than when we first....More>>>
Call of Duty is going back to its roots. Image source: Activision Blizzard.
On its latest conference call, Activision Blizzard (NASDAQ:ATVI) confirmed that Call of Duty: Infinite Warfare fell short of expectations, yet the company turned in a great quarter. The top video game publisher posted growth in revenue and earnings, and increased its annual dividend by 15%.
For decades, financial advisers have recommended putting 60% of your money in stocks and 40% in bonds. The conventional wisdom is that the safety and stability of bonds will protect you when stock prices fall. Too many people believe stock and bond returns correlate negatively, meaning they reliably move in opposite directions. But taking this tired advice could ruin you… ....More>>>