“Consumers had to spend $53 billion more in the second quarter at an annual rate than they did in the first. Eventually they need to cut back somewhere else.”

Retail sales posted their steepest drop in nearly two years in June, according to government data on Friday, indicating the housing market slump and soaring gasoline costs are depressing consumer spending. via Earth Times

Original post by Earth Times

“I thought I could do just as well as anyone else”

CNBC said Friday a waitress who has never bought a stock won the business news channel’s much-hyped $1 million stock-picking contest, after several contestants were disqualified for violating the game’s rules. via Forbes

Original post by Forbes

Posted on Jul 13th, 2007 with stocks: BHI Baker Hughes Incorporated said in a press release Friday morning it expects EPS of just $1.07-$1.09, sending its shares lower by 4% in pe-market trading . via Seeking Alpha

Original post by Seeking Alpha

“It’s unique to see stocks going up when the economy and earnings are slowing, but there’s so much money out there and so much demand, particularly in private-equity acquisitions, and stock buybacks, too”

On July 14, 2006, the Dow Jones industrial average fell 106.94 points to close at 10,739.35. High oil prices and concerns about slowing growth in the economy and corporate earnings factored in the third … via Buffalo News

Original post by Buffalo News

FOREX (FOReign EXchange market) is an international foreign exchange market, where money is sold and bought freely. In its present condition FOREX was launched in the 1970s, when free exchange rates were introduced, …

Original post by deekshith shetty

“The focus [is] on M&A activity and earnings today, both of which are very encouraging”

A host of corporate news, from retail sales to a giant merger in the metals patch, sent stocks surging Thursday and lifted the Dow Jones Industrial Average back into record territory. via NBC Action News

Original post by NBC Action News