Archive for the ‘Finance’ Category

When will We Need Payday Loans?

Tuesday, 4 October 2011, 7:05 | Finance | 0 Comment
by Admin

When we are browsing on the internet or simply reading the newspaper, then we will find so many advertisements that lead us to apply for payday loans. As smart people, no matter how tempting the advertisement is, we should not make a decision before we know what the loan is all about and the consequences that might occur on the loan. Instant payday loans can be a good idea if we are in a situation when we need extra money our running out of it. If we are sure that we can get money to pay the...

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Stock markets tumble after Operation Twist … and doubt

Thursday, 22 September 2011, 14:26 | Market | 0 Comment
by Admin

Stock markets around the world have plunged as investors react nervously to the Federal Reserve's 'Operation Twist'. Photograph: Justin Sullivan/Getty Images The US Federal Reserve's Operation Twist failed to bring calm to financial markets, which tumbled on Thursday as investors took fright at the US central bank's gloomy warning about the economic outlook.The FTSE 100 index in London plunged more than 210 points to 5078, a 4% drop, with not a single riser in sight. In Asia,...

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Investors not buying Best Buy

Wednesday, 14 September 2011, 3:04 | Market | 0 Comment
by Admin

Click chart for more on Best Buy stockNEW YORK (CNNMoney) -- If you had any doubts that nowadays people prefer to shop electronics online, the latest earnings report from Best Buy should make you a believer. The nation's largest electronics "brick and mortar" retailer announced a 30% decline in its net income for the second quarter. Same store sales slid 2.8%. Despite its aggressive stock repurchase program, Best Buy (BBY, Fortune 500) continues to report results that fall short of...

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3 surprising bargain stocks … and 3 to avoid

Wednesday, 14 September 2011, 3:03 | Market | 0 Comment
by Admin

Like flowers sprouting through concrete, growth companies continue to rise in spite of the sickly economy. Consider that this year our annual 100 Fastest-Growing Companies 47 companies with average annual revenue growth of 30% or better over the past three years, and 83 companies with average annual earnings growth of 50% or better. The Fastest-Growing list is always a window into what's happening in global business, and the 2011 version is no different. With the stock market slumping and the...

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Bank of America cutting 30,000 jobs

Tuesday, 13 September 2011, 3:00 | Market | 0 Comment
by Admin

Click chart for more on Bank of America.NEW YORK (CNNMoney) -- Bank of America said Monday that it plans to eliminate 30,000 jobs as part of a plan to save $5 billion. The announcement came after Chief Executive Brian Moynihan outlined the bank's strategy at an investor conference in New York. BofA has already disclosed plans to eliminate a total of 6,000 jobs this year. And it recently announced a management shakeup that effectively will split the bank into two units: one serving consumers...

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No 'F' in VIX. It measures volatility, not fear.

Sunday, 11 September 2011, 3:06 | Market | 0 Comment
by Admin

The VIX is often called the fear index. But it really measures volatility. And it's not something investors should use to try and time the market's next move.NEW YORK (CNNMoney) -- This must happen to many parents. Your kid grows up, goes to college, moves away from home and becomes an adult you hardly even recognize anymore.That's how Menachem Brenner, a professor of finance at NYU Stern and one of the pioneers in helping to create what eventually became Wall Street's most widely cited...

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Bearish bets are on the rise

Sunday, 11 September 2011, 3:03 | Market | 0 Comment
by Admin

Short interest has recently spiked to the highest level in nearly a year as investors seek protection from the recent market turmoil.NEW YORK (CNNMoney) -- Summer may be nearing an end, but the bears have come out to play. Bearish bets against the S&P 500 rose to their highest levels in almost a year last month, as the benchmark index plunged nearly 18% from its April highs. The level of short interest in the S&P 500 (SPX) spiked to 3.03% at the end of August, according Data...

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Ulta Salon shines on ugly market day

Saturday, 10 September 2011, 3:07 | Market | 0 Comment
by Admin

Click the chart to check Ulta's stock.NEW YORK (CNNMoney) -- The weakness in European stocks, thanks to fears of a Greek bond default, transferred to the U.S. stock market on Friday. All major indexes are trading near their lows for the week.One of the few stocks that stood tall in a sea of red is Ulta Salon (ULTA), which gained more than 10% by midday trading. The beauty products retailer beat its earnings estimates for 11th consecutive quarter, and its shares are now less than 5% from...

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Bank of America's shakeup signals more layoffs

Friday, 9 September 2011, 3:05 | Market | 0 Comment
by Admin

Click chart for more on Bank of AmericaNEW YORK (CNNMoney) -- Don't expect Bank of America to be America's neighborhood bank for long. Late Tuesday, the Charlotte, N.C., bank announced a shakeup in its executive ranks that effectively split the bank into two units: one serving consumer and one serving commercial clients. Hundreds of bank branches are expected to close. Industry analysts say Chief Executive Brian Moynihan's moves signal that broader and deeper layoffs than those previously...

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It's a terrible world for the markets

Thursday, 8 September 2011, 3:06 | Market | 0 Comment
by Admin

Stocks got slammed during the summer and the turmoil has extended into September as investors continue to fret about the fiscal health of Europe and the U.S.NEW YORK (CNNMoney) -- With apologies to Louis Armstrong:I see few stocks in green. Oil is in red too. I see their values shrink. For me and for you. And I think to myself: What a terrible world. I see dark skies over the U.S. and Europe. To safety in bonds we take flight. The VIX is on fire. Each day and every night. And I think to...

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