publisher

Wall Street rises in wake of first presidential face-off

September 27, 2016 By publisher

Amazon.com increased 1.98 percent and the consumer discretionary index gained 0.93 percent higher after a report showed that the consumer confidence index for September rose to its highest level in nine years. Following the first of three presidential debates on Monday, Trump vowed to hit Clinton harder after she put him on the defensive. “From a market perspective, rightly or wrongly, there is an understanding that Mrs Clinton would be a safe pair of hands, that there's very little uncertainty there,” said Brad McMillan chief investment officer for Commonwealth Financial in Waltham, Massachusetts.

Original post:
Wall Street rises in wake of first presidential face-off

Filed Under: Latest News Tagged With: clinton, commonwealth, consumer, defensive, floor, increased-1-98, nyse, the-consumer, very-little

Yahoo says hackers stole data from 500 million accounts in 2014

September 22, 2016 By publisher

The attack on Yahoo was unprecedented in size, more than triple other large attacks on sites such as eBay Inc , and it comes to light at a difficult time for Yahoo. Chief Executive Officer Marissa Mayer is under pressure to shore up the flagging fortunes of the site founded in 1994, and the company in July agreed to a $4.83 billion cash sale of its internet business to Verizon Communications Inc . “This is the biggest data breach ever,” said well-known cryptologist Bruce Schneier, adding that the impact on Yahoo and its users remained unclear because many questions remain, including the identity of the state-sponsored hackers behind it.

Filed Under: Latest News Tagged With: attack-on-yahoo, evanston, fargo, federal, hackers-behind, large-attacks, new-account, seen-on-top, the-building

Wall Street Week Ahead: Sleepy summer may give way to freaky fall

September 3, 2016 By publisher

The dog days of summer have lived up to their sleepy reputation this year as far as U.S. stocks are concerned, but market gyrations could soon pick up as a traditionally more volatile time of year looms.

More:
Wall Street Week Ahead: Sleepy summer may give way to freaky fall

Filed Under: Latest News Tagged With: floor, jpg, more-volatile, nyse, sleepy, soon-pick, the-floor, trader-works, year

White House says it sees a path to approval of Pacific trade deal

August 29, 2016 By publisher

The White House said on Monday it could still win congressional approval of the Trans-Pacific Partnership trade pact before President Barack Obama leaves office, and warned that failing to do so would undermine U.S. leadership in the region. “The president is going to make a strong case that we have made progress and there is a path for us to get this done before the president leaves office,” White House spokesman Josh Earnest told a news briefing ahead of Obama's trip to Asia this week. Obama has made the 12-nation free trade deal the centerpiece of a diplomatic “pivot” to Asia, but the prospects for congressional approval have looked increasingly dim, with both major presidential candidates – Democrat Hillary Clinton and Republican Donald Trump – standing opposed.

See the original post here:
White House says it sees a path to approval of Pacific trade deal

Filed Under: Latest News Tagged With: carlsbad-california, centerpiece, clinton, discuss-the-tpp, federal, federal-reserve, fourth-straight, new-contract, obama, president, president-obama, prospects, were-being, white

Wall Street slips in wake of comments by top Fed officials

August 26, 2016 By publisher

U.S. stocks ended modestly lower after a volatile session on Friday, having bounced between gains and losses as investors wrestled with the likely timing of a U.S. interest rate hike following comments from top Federal Reserve officials. The S&P 500 rose after Fed Chair Janet Yellen said the case for raising rates had strengthened but did not indicate when the Fed would act. Yellen told a gathering of central bankers from around the world in Jackson Hole, Wyoming, the U.S. economy was nearing the central bank’s goals of maximum employment and price stability but that future hikes should be “gradual”.

Read more from the original source:
Wall Street slips in wake of comments by top Fed officials

Filed Under: Latest News Tagged With: between-gains, chair-stanley, disposal, downturn-using, federal-reserve, floor, interest-rate, jackson-hole, left-the-door, negative-rates, said-the-case, using-the-tools, yellen

Wall Street scion Caspersen pleads guilty to $38 million fraud

July 6, 2016 By publisher

Former Wall Street executive Andrew Caspersen pleaded guilty on Wednesday to charges that he defrauded investors out of over $38 million, blaming his conduct on a gambling addiction he could not control. Caspersen, who worked at a unit of investment banker Paul Taubman's PJT Partners Inc prior to his arrest in March, pleaded guilty in federal court in Manhattan to securities fraud and wire fraud. Caspersen, who graduated from Princeton University and Harvard Law School, choked up in court as he admitted to cheating numerous people, mostly family and friends, through what he called a “simple” fraud.

Go here to see the original:
Wall Street scion Caspersen pleads guilty to $38 million fraud

Filed Under: Latest News Tagged With: barrel-at-0045, caspersen, dewitt, eagle, federal, federal-courthouse, governor-daniel, manhattan, school, trading-on-aug, weaker-dollar

Wall Street sings Brexit blues with brutal two-day slide

June 27, 2016 By publisher

(Reuters) – Wall Street tumbled again on Monday after Britain's shock vote to leave the European Union, sending major U.S. stock indexes to their worst two-day swoon in about 10 months.

Original post:
Wall Street sings Brexit blues with brutal two-day slide

Filed Under: Latest News Tagged With: again-on-monday, britain, floor, monday, shock-vote, stock, stock-exchange, their-worst, two-day-swoon

Working, eating and sleeping at the office

May 11, 2016 By publisher

The sight of workers sleeping on the job is common in China, where a surplus of cheap labor can lead to downtime and employees at startup companies work long hours.

Read the rest here:
Working, eating and sleeping at the office

Filed Under: Latest News Tagged With: cheap-labor, china, deeply-troubled, employees-at-startup, facility, headlights, linda-bean, maine-based, shawn-gorman, startup-companies, trump, work-long

Yahoo results edge past estimates in good sign for sale of business

April 20, 2016 By publisher

By Deborah M. Todd San Francisco (Reuters) – Yahoo Inc's first-quarter results beat Wall Street estimates by a hair on Tuesday in what was taken as a good sign for the web pioneer's plan to auction its core business. Under pressure from activist shareholder Starboard Value LP and others, Yahoo has ramped up a sale of its media, email and other web businesses. Yahoo's overall fortunes have failed to revive under Chief Executive Marissa Mayer, although she points to good results in key areas including social media.

See the rest here:
Yahoo results edge past estimates in good sign for sale of business

Filed Under: Latest News Tagged With: annual, consumer-electronics, hair-on-tuesday, hewlett-packard, keynote, marissa-mayer, nikkei, refocuses-its, results-beat, six-month-peaks, starboard-value, street, the-annual

Wall Street pauses after mid-week rally

April 15, 2016 By publisher

(Reuters) – Wall Street was slightly lower on Friday as investors digested U.S. corporate earnings as well as data that pointed to a slow global economic recovery, ahead of a crucial meeting of oil producers to help tackle a global surplus.

Excerpt from:
Wall Street pauses after mid-week rally

Filed Under: Latest News Tagged With: friday, help-tackle, lower-on-friday, oil-producers, opening, slow-global, stock, street, the-opening, traders-working