Gold Price Bubble? Gold prices, what's ahead?
Stock Market Up and down, but when is the next bubble?
Among the few notable exceptions to the Dow’s generally down day on Monday was Foster City’s Gilead Sciences Inc., which climbed nearly 4 percent to close at $47.53. Could have something to do with the royalties they’re collecting on Tamiflu, the influenza drug the biotech company invented and sold to Swiss pharma Roche Holding AG [...]
The markets flirted with positive territory Tuesday afternoon as Wall Street cheered a surprising surge in consumer confidence that overshadowed continued concerns about the swine flu and financial sector. Today’s Markets As of 1:50 p.m. EDT, the Dow Jones Industrial Average rose 22.46 points, or 0.28%, to 8047.46, the S&P 500 gained 1.56 points, or [...]
Roche Holding AG is in “close contact” with governments worldwide and can boost production of its Tamiflu influenza treatment if a swine-flu pandemic develops, Chief Executive Officer Severin Schwan said. “We are ready to deliver emergency stocks to the World Health Organization,” Schwan said during a press conference in Paris today. “We can intensify production [...]
Wall Street struggled to shake flu fears Monday afternoon as stocks dipped back into the red over concerns about how a potential global pandemic will impact the already-weak world economy. Today’s Markets As of 1:45 p.m. EDT, the Dow Jones Industrial Average lost 44.44 points, or 0.55%, to 8032.16, the S&P 500 sank 7.05 points, [...]
Honeywell International (HON: 31.38, -1, -3.09%) posted a 38% drop in profit before Friday’s opening bell on lower demand for its products and lowered its earnings forecast. See our stock pick of the week HERE The maker of aerospace and transportation products reported earnings fell to $397 million, or 54 cents a share, in the [...]
After some hesitation, the markets returned to rally mode Friday afternoon as the bulls look to use a series of mostly positive economic and earnings reports to send the Dow to its seventh-straight week of gains. Today’s Markets As of 2:54 p.m. EDT, the Dow Jones Industrial Average rose 145.27 points, or 1.83%, to 8101.38, [...]
Wall Street struggled to make headway Thursday afternoon as traders worried about the latest economic and labor reports underscoring the depth of the U.S. recession. Today’s Markets As of 12:26 p.m. EDT, the Dow Jones Industrial Average lost 49.22 points, or 0.62%, to 7837.11, the S&P 500 sank 3.77 points, or 0.47%, to 839.62 and [...]
Ford shares rally on Goldman Sachs upgrade to buy Analysts says bankruptcies from GM, Chrysler likely in coming weeks Ford Motor Co. shares jumped as much as 14% Wednesday after Goldman Sachs told investors that now is the time to buy ahead of an industry “sea change” that will benefit the nation’s second-biggest automobile maker. [...]
General Motors Corp., struggling to restructure itself amid increasing odds of a bankruptcy filing, said it plans to skip a $1 billion debt payment due June 1, according to a Wall Street Journal report on Wednesday. GM’s (GM: General Motors Corp News , chart , profile , more Last: 1.67-0.03-1.76% GM 1.67, -0.03, -1.8%) finance chief [...]
Sales of Apple’s iPhone are slowing as potential buyers await the long-rumored refresh of the popular smartphone. On Wednesday, AT&T released its financial results for the first quarter of 2009. Among the details of the report – which showed revenue to be essentially flat, year-on-year – was the news that iPhone activations have slipped to [...]