After eight-straight losing sessions, the Dow Jones Industrial Average ($DJI) might draw support Friday from stronger overseas markets overnight. Without much data or earnings news on the calendar, the focus sits squarely on OPEC amid talk that a crude oil production increase might be in the card
Retirement is a milestone most of us will someday reach, because few people work until the end of their lives. But only around one-third of Americans are very confident they'll have enough money to live comfortably -- and some may actually be too confident, because we tend to overestimate how lo
Wearable devices are quickly becoming mainstream technology, with smartwatches and fitness trackers leading the way. You’d never know that based on the performance of traditional watchmaker Fossil Group (NASDAQ:FOSL) as the company is struggling to adapt to the changing times.
A quarter worth forgetting
In the first quarter of the year, Fossil reported a 12% drop in revenue,....More>>>
With a surprising last-minute surge, the Dow Jones Industrial Average and S&P 500 finished at record highs on Friday, extending the 11th straight session-ending record for the Dow. The Dow ended up 0.96% for the week with the S&P 500 not far behind with its own 0.69% gain. However, some companies made news this past week, so without further ado, here are some of the markets’ biggest....More>>>
Are you ready to get slammed with even more advertising? You need to be, according to new research released Monday from eMarketer. The firm forecasts global advertising spending will total $628.63 billion this year, with nearly 71% of that spend targeting Asia-Pacific and North American consumers.
Year over year, spending is expected to rise by 7.4%, partly due to the 2018 World Cup tournament....More>>>
Rethink Technology business briefs for April 27, 2018.
Seasonally negative coverage
Source: Yahoo Finance
Over the past few years, I’ve become accustomed to a seasonal downturn in Apple’s (AAPL) share price that roughly correlates with the seasonal downturn in iPhone sales. The weakest period for iPhone sales typically is in the April-September time frame. As....More>>>
Google — owned by Alphabet Inc (NASDAQ:GOOG,NASDAQ:GOOGL) — announced that it would be selling its restaurant review company Zagat.
The tech giant said it will be selling the restaurant review juggernaut to The Infatuation, a review site that was founded in 2009 by former music executives. It is unclear how much Google is selling Zagat for,....More>>>
U.S. equities mostly moved higher on Monday despite a harrowing mid-day decline in big-cap tech stocks, which although it was culled into the close, pushed the Nasdaq 100 into the red.
In the end, the Dow Jones Industrial Average gained 0.3%, the S&P 500 gained 0.2%, the Nasdaq Composite gained 0.1% and the Russell 2000 gained 0.7%. No major catalysts were in play as investors await the....More>>>
No one likes paying any kind of taxes, so you might think that in any ranking of the most hated tax Americans have to pay, every tax you have to pay would all tie for first. That said, we’re in the middle of income tax season, and there’s been plenty of political and tax policy discussion about the negative impacts of the estate tax, which many call the death tax. Yet neither the income....More>>>
Penn West Petroleum Ltd. (NYSE:PWE) has been to the financial cliff and back again. The achievements of the last two years are probably top 1% in many areas. There was a little trepidation as the latest announcement saw more changes in senior management. For many shareholders, those senior manage
Havven (CURRENCY:HAV) traded 9.4% lower against the dollar during the one day period ending at 8:00 AM Eastern on June 11th. Havven has a market cap of $29.29 million and approximately $969,776.00 worth of Havven was traded on exchanges in the last 24 hours. In the last seven days, Havven has tr
About a month ago, Tesla(NASDAQ:TSLA) CEO Elon Musk did investors a disservice when he dismissed very legitimate questions from sell-side Street analysts. Musk incorrectly thought that the analysts were trying to justify their short theses, which wasn't the case and later conceded that it was "fo
Despite a growing economy and the lowest U.S. unemployment rate in 16 years, things arent looking up for many Americans financial fragility is especially an issue for people with low incomes and for minorities, according to the new 2017 Prosperity Now Scorecard.
Shares of Parker Drilling (NYSE:PKD) were down 2.3% on Thursday . The stock traded as low as $0.41 and last traded at $0.42. Approximately 26,000 shares were traded during trading, a decline of 99% from the average daily volume of 2,172,783 shares. The stock had previously closed at $0.43.