Follow Yahoo!’s The Daily Ticker on Facebook here! The day after the Fed’s surprise promise to keep rates low until the end of 2014 “at least,” a lot of market watcher as still scratching their heads. As is so often the case, most of the reaction is tilted toward the negatives, and can be grouped [...]
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Follow Yahoo!’s The Daily Ticker on Facebook here The Daily Ticker’s Henry Blodget and Daniel Gross report in from the first day of the World Economic Forum at Davos. Watch the video to see who they spoke to, heard speak and what rock star Henry ran into at an after party.
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Follow Yahoo!’s The Daily Ticker on Facebook here! The FOMC’s decision to keep interest rates near zero until late 2014 — at least — signifies two things: 1. Credit will remain cheap for consumers and businesses. 2. The Fed may know something about the economy that U.S. markets and investors do not. At least that’s [...]
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The power of Apple’s business model was on full display this week, when the company reported astonishingly strong fiscal first-quarter results. The company’s shares surged on Wednesday, bringing Apple’s market cap to over $416 billion, just a hair below ExxonMobil’s as the world’s most valuable company. (See: STAY STOKED APPLE FANS: This Should Be One [...]
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The Federal Reserve did not announce another round of quantitative easing Wednesday but still had a gift for the speculators. In a surprising and somewhat perplexing move, the FOMC announced plans to keep rates at “exceptionally low levels” — a.k.a. zero — through 2014 “at least” vs. mid-2013 previously. The promise of an extra year [...]
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Follow Yahoo!’s The Daily Ticker on Facebook here! In between reminders of his foreign policy successes and a smattering of policy proposals, President Obama used his State of the Union address Tuesday night to defiantly challenge Republicans, both in Congress and on the campaign trail. “As long as I’m President, I will work with anyone [...]
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Follow Yahoo!’s The Daily Ticker on Facebook here! President Obama laid out his blueprint for the country Tuesday night in his third State of the Union Address. How to bring jobs back to America and put this country back to work is a top priority for him. “Tonight, my message to business leaders is simple: [...]
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Follow Yahoo!’s The Daily Ticker on Facebook here! The Federal Open Market Committee will release its interest rate decision today at 12:30 p.m. ET Wednesday. Interest rates are expected to remain at zero, as the Fed has pledged to keep rates low at least through mid-2013. The question on many investors’ minds is whether the [...]
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The breakdown of talks between Greece and its bondholders appears to be a nightmare scenario. Standard & Poor’s has threatened to declare Greece in technical default, the first for an EU member state since the introduction of the euro in 1999. Meanwhile, the IMF is warned “the euro crisis entered a perilous new phase” and [...]
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The breakdown of talks between Greece and its bondholders appears to be a nightmare scenario. Standard & Poor’s has threatened to declare Greece in technical default, the first for an EU member state since the introduction of the euro in 1999. Meanwhile, the IMF is warned “the euro crisis entered a perilous new phase” and [...]
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The breakdown of talks between Greece and its bondholders appears to be a nightmare scenario. Standard & Poor’s has threatened to declare Greece in technical default, the first for an EU member state since the introduction of the euro in 1999. Meanwhile, the IMF is warned “the euro crisis entered a perilous new phase” and [...]
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Follow Yahoo!’s The Daily Ticker on Facebook here! The Fed starts a two-day meeting today. And while Ben Bernanke isn’t expected to change rates, a lot is on the line. You probably have a sense the Fed is super important and powerful, but here’s something you probably don’t know: The Fed doesn’t print money. Yes, [...]
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Follow Yahoo!’s The Daily Ticker on Facebook here! President Obama is set to give his third State of the Union address Tuesday night before a captive Congress and nation. In an election year, this is his chance to “dominate the entire political discourse for an entire moment,” says Yahoo!’s Washington Bureau Chief David Chalian. “Remember [...]
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Follow Yahoo!’s The Daily Ticker on Facebook here! Research in Motion (RIMM) co-CEOs Mike Lazaridis and Jim Balsillie resigned this morning and investors took the news harshly, sending shares of the company down 7% at one point. The Street may have been showing its disapproval of new RIM CEO Thorsten Heins, a company insider who [...]
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Follow Yahoo!’s The Daily Ticker on Facebook here! Since mid-December, major averages have risen over 9% and the S&P is off to its best start to a year since 1987, albeit on the lowest volume since 2008. Bulls seek to keep the momentum going this week, which features a Fed meeting, another batch of earnings [...]
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