Category Archives: eBusiness
Big Chinese Jeweler Is Unknown in West
The world’s largest jeweler is launching one of the biggest IPOs of the year, hoping to capitalize on impressive growth rates and an obsession among many Chinese for gold and diamonds.Bloomberg News Chinese jeweler Chow Tai Fook is about to launch an IPO in Hong Kong.The jeweler, more than 50% bigger than Tiffany & Co. … Continue reading
DJIA’s Gains Shrink
U.S. stocks saw a strong rally cut in half as investors braced for new risks in Europe and prepared for televised remarks by Federal Reserve Chairman Ben Bernanke.The Dow Jones Industrial Average gained 119 points, or 1%, to 11777 in afternoon trade. The Standard & Poor’s 500-stock index added 12 points, or 1%, to 1230 … Continue reading
Stocks Ease Back From Rally
NEW YORK—U.S. blue-chip stocks finished slightly higher Friday, as investors took a step back and reflected on Europe’s plan to combat its debt woes.The Dow Jones Industrial Average rose 22.56 points, or 0.18%, to 12231.11, after bouncing between positive and negative territory for much of the trading day. The blue-chip index’s intraday trading range was … Continue reading
Real Estate: Keep It Simple
In the cycle of investment life—boom, bust and aftermath—the lessons only become clear after it’s too late.So it goes with a once-hot real-estate investment that has left wreckage in its wake and a fresh reminder: When there’s a simple way and a complicated way to solve a problem, the middleman will almost always make more … Continue reading
Europe Lights a Fire Under DJIA
The Dow Jones Industrial Average pushed toward what would be its largest monthly percentage gain in a quarter century, as investors cheered an agreement reached by European leaders on a plan to resolve the euro zone’s debt crisis.“It’s all coming out of Europe, hopefully with an agreement coming to fruition,” said Stephen J. Carl, principal … Continue reading
Stocks Jump on Europe Hopes
Stocks finished a rocky day with strong gains as investors grew optimistic about European leaders’ ability to contain the region’s debt crisis, taking hope from the possibility of Chinese investment in the euro-zone bailout fund.The Dow Jones Industrial Average added 162.42 points, or 1.4%, to 11869.04, recouping most of the previous day’s losses. The Standard … Continue reading
When Funds Lend Stock, Who Gains?
You wouldn’t want to make a loan to someone without knowing what you will earn on the loan. But if you own mutual funds or exchange-traded funds, you might be doing exactly that. Hedge funds and other traders need to borrow stocks and bonds from time to time in order to execute their strategies. To … Continue reading
Brighter Mood Buoys Dow Rally
Stocks burst higher on Friday, capping a sharp reversal in sentiment that has seen the Dow Jones Industrial Average climb 14% in less than three weeks.As in previous rallies, there were few obvious catalysts for Friday’s surge, which drove the Dow up 267.01 points, or 2.31%, to 11808.79. The strong finish gave the Dow its … Continue reading
Fed Wants to Bet the House, Again
A 4% mortgage rate hasn’t revived housing. Perhaps it needs to fall to 3.5%. Or maybe 3% will do the trick. In recent days, Federal Reserve officials have raised the possibility that they may need to again buy mortgage bonds, as they did in 2009. In theory, that should cause mortgage rates to fall further, … Continue reading
Stocks Fall as Caution Resurfaces
The financial sector led stocks lower after less-than-stellar results from J.P. Morgan Chase and another tepid report on the labor market.The Dow Jones Industrial Average was down 91 points, or 0.8%, to 11427, in early Thursday afternoon trading. The losses nearly erased the index’s 102.55-point gain in the previous session, when it closed at a … Continue reading
Dow Finishes Up 102 Points
Stocks finished with strong gains amid optimism about plans to recapitalize euro-zone banks. Stocks finished with solid gains amid optimism about plans to recapitalize euro-zone banks even as a strong rally faded somewhat in the final hour of trading. Paul Vigna has details on The News Hub.The Dow Jones Industrial Average advanced 102.55 points, or … Continue reading
How to Turn In Your Tax-Cheating Neighbor
Maybe it’s your brother-in-law, who has a new Mercedes and likes to quip that only fools pay all their taxes. Or else a contractor who overcharged for a home renovation and then demanded you make the check payable to “cash.” Or perhaps your company’s chief tax accountant, who is cutting corners to boost his bonus. … Continue reading
Taking Care of Disabled Heirs
Deciding how to leave your assets to your kids is tricky enough. If your adult child has a chronic disability, the task is much more complicated.The issue affects many families: According to U.S. Census data, 12% of the population has a severe mental or physical disability.Strapped state and local governments are tightening income restrictions for … Continue reading
Stocks Trim Early Losses
U.S. stocks pared some early losses, but remained lower as a dismal jobs report and regulatory concerns around U.S. banks weighed on investor sentiment.The Dow Jones Industrial Average dropped 154 points, or 1.4%, to 11339 in recent trade, putting the index on pace for a second straight triple-digit decline. The Standard & Poor’s 500-stock index … Continue reading
Downgrades Felt at Local Level
To city officials in Manassas Park, Va., Standard & Poor’s one-notch downgrade of the U.S. government’s credit rating was relatively mild compared with what the firm sprung on them last month.The tiny city’s credit rating was reduced to triple-B from double-A minus—a five-notch tumble. “For us to have been downgraded with the problems of the … Continue reading