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Drop in Price of Oil Cancels Out Other Stock Gains

US stocks end Thursday more or less where they started

(Newser) - Major US stock indexes ended up more or less where they started on Wall Street as big drops in energy companies canceled out gains elsewhere in the market, the AP reports. Energy companies posted sharp losses on Thursday after the price of crude oil plunged 5% to its lowest level...

Trump Tax Plan Announcement Wipes Out Early Market Gains

US indexes closed nearly unchanged Wednesday

(Newser) - Stocks closed nearly unchanged as early gains evaporated following the White House's announcement about its tax policy proposals, the AP reports. Corporate earnings were also in focus Wednesday. Overall more stocks rose than fell. Health care companies gained more than the rest of the market. Health insurer Anthem gained...

Banks, Phone Companies Drag Stock Market Lower

And one toy maker took a nosedive

(Newser) - The stock market closed slightly lower led by declines in phone companies, banks, and health care providers, the AP reports. Verizon slumped 2.3% Friday, while Bank of America lost 1.6%. In earnings news, Mattel nosedived 13.6% after the struggling toy maker reported a big drop in sales.

Germany: Bus Bomber Motivated by Greed

He bought options to sell 15K shares in soccer team

(Newser) - A 28-year-old German-Russian citizen was arrested Friday in Germany on suspicion of bombing the bus carrying the Borussia Dortmund soccer team in an attack last week that prosecutors allege was motivated by financial greed. A Dortmund player and a policeman were injured in the triple blasts last week as the...

Stocks Close High on Strength of Banks, Industry

Nasdaq closes at all-time high

(Newser) - Stocks closed solidly higher as investors found plenty to like in the latest earnings reports from financial and industrial companies, the AP reports. Transportation companies did especially well Thursday. Railroad operator CSX jumped 5.6% after releasing surprisingly strong earnings. Makers of basic materials also rose. Paint and coatings maker...

Elon Musk Snarks on Twitter Over Tesla Record

Company just surpassed Ford, now right behind GM with $47.8B valuation

(Newser) - The casual observer checking out Elon Musk's Twitter feed Monday may not have sensed the shade he was throwing with his one short tweet proclaiming, "Stormy weather in Shortville…," but the Tesla CEO was actually crowing a bit at some news about his company's stock, as...

Tech IPO Everyone&#39;s Been Waiting for: Snap
Snap's Much-Awaited IPO
Looms, CEO 'Elusive'
THE RUNDOWN
Mar 1, 2017 9:03 AM CST

Snap's Much-Awaited IPO Looms, CEO 'Elusive'

Snap founder Evan Spiegel as secretive as ever right before much-hyped price set

(Newser) - Those who remember the hype when Alibaba priced its initial public offering of stock in 2014 will get to relive that excitement Wednesday when Snap does the same. Reuters reports the owner of the Snapchat messaging app will serve up a number at the end of the trading day, with...

Cops: Florida Man Had Bizarre Plan to Tank Target Stock

Mark Charles Barnett allegedly planned East Coast bombing campaign

(Newser) - A Florida man is in custody charged with plotting a bombing campaign as part of a bizarre investment strategy. Investigators say Mark Charles Barnett, 48, planned to put at least 10 bombs disguised as food items on the shelves of Target stores along the East Coast, NBC News reports. Court...

Buffett Has Bought $12B in Stocks Since Trump Win

He's now world's 2nd-richest man

(Newser) - Warren Buffett didn't want Donald Trump to be president—but the Berkshire Hathaway chief didn't get rich by ignoring investment opportunities. In a recent interview with Charlie Rose , the billionaire revealed that his company has invested more than $12 billion in stocks since Trump won the election, more...

5 Most, Least Successful Companies of 2016
5 Winning, Losing
Companies of 2016
Dec 23, 2016 12:33 PM CST

5 Winning, Losing Companies of 2016

Based on S&P stock price changes

(Newser) - For some companies, 2016 was an economic cornucopia, with stock fluctuations that worked to their advantage. For others, it was a bummer. 24/7 Wall St. took a look at the year-to-date share price changes of everyone on the S&P 500. Top performers included companies involved in technology and resource...

Trump Boeing Tweet Came After CEO Criticized Policy

The company's stock nosedived in early trading

(Newser) - The immense power that Donald Trump's tweets now carry was brought home Tuesday morning, when he tweeted a complaint about "out of control" costs for Boeing's new 747 Air Force One jets, saying "Cancel order!"—a move that caused Boeing's stock to fall...

$35B Hedge Fund Manager's Secret: Do Nothing

Nevada's Steve Edmundson is a rare find in the investment world

(Newser) - If your visions of high-profile hedge fund managers include frenetic scrambling through paperwork, fielding endless phone calls, and scouring the Internet during never-ending workdays, those don't apply to Steve Edmundson, the investment head of Nevada's $35 billion Public Employees' Retirement System, the Wall Street Journal notes. Where other...

Stocks Dip, Await Word From the Fed
Stocks Dip,
Await Word
From the Fed
Sep 19, 2016 3:23 PM CDT

Stocks Dip, Await Word From the Fed

Banks are hoping for an interest rate hike

(Newser) - US stocks finished an up-and-down day slightly lower as traders look ahead to this week's meeting of the Federal Reserve , reports the AP . Phone companies and health care stocks posted losses Monday, but banks ended modestly higher as traders hoped that higher interest rates would help them make more...

As EpiPen Controversy Erupted, CEO Unloaded $5M in Stock

Heather Bresch sold 100K shares in deal meant to thwart appearance of insider trading

(Newser) - Mylan CEO Heather Bresch has taken her fair share of scrutiny lately over EpiPen's soaring price , her own soaring salary , her dad , and even a since-rescinded MBA from West Virginia University. But even as her company's controversy grew, Bresch did something else that's getting scrutinized: She unloaded...

Dow Drops 133 Amid Broad Sell-Off

But LinkedIn shares skyrocket 47%

(Newser) - Wall Street stocks closed lower on Monday with materials, technology, and industrial companies among the hardest hit in a broad sell-off touching all market sectors, the AP reports. Marathon Petroleum fell nearly 7% while Valero Energy and United Continental Holdings both dropped more than 4%. LinkedIn shares soared 47% and...

On Quiet Day, Dow Drops 8
 On Quiet Day, Dow Drops 8 
May 23, 2016 3:33 PM CDT

On Quiet Day, Dow Drops 8

Monsanto up 4% after unexpected offer from Bayer

(Newser) - Stocks closed slightly lower Monday after a day of wavering between small gains and losses, the AP reports. Many traders were waiting on the sidelines for more clues about what the Federal Reserve might to at its next policy meeting in June. Last week many were surprised to hear that...

Dow&#39;s Monday Gains? All Gone
 Dow's Monday Gains? All Gone 
May 17, 2016 3:25 PM CDT

Dow's Monday Gains? All Gone

In fact, the whole market has a bad day

(Newser) - Stocks closed lower on Wall Street on Tuesday and undid a rally from the day before, the AP reports. Consumer goods companies and utilities fell the most. Kraft Heinz dropped 4% and Consolidated Edison fell 2%. The losses were broad. Nine of the 10 sectors of the Standard and Poor'...

Dow Spikes by Triple Digits
 Dow Spikes by Triple Digits 
May 16, 2016 3:24 PM CDT

Dow Spikes by Triple Digits

Tech, energy stocks lead the way

(Newser) - Solid gains in energy and technology stocks led Wall Street higher on Monday, breaking a three-day losing streak, the AP reports. Oil companies rallied Monday after the price of crude oil climbed 3%. Marathon Oil jumped 4% and Devon Energy also rose 4%. Apple led tech stocks higher with a...

In Rebound, Dow&#39;s Up 117
 In Rebound, Dow's Up 117 
May 2, 2016 3:15 PM CDT

In Rebound, Dow's Up 117

Wynn Resorts, Apollo Education have a good day

(Newser) - Stocks closed solidly higher Monday as the market regained some ground it lost last week, the AP reports. Casino operator Wynn Resorts jumped 7%, one of several consumer stocks to post big gains. Apollo Education, which runs the University of Phoenix, jumped 12% Monday after a group of investors raised...

Apple 'Cheerleader' Icahn Dumps All His Stock

Billionaire is worried about China's influence, barriers against company

(Newser) - Just a few years ago, Carl Icahn opened his wallet to invest in Apple, calling such a move a "no-brainer," and became what the Guardian calls a "huge cheerleader" for the tech company. But that all changed this week as the billionaire investor made a decision to...

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