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Yellen's Speech Not Enough To Keep Dow, S&P 500 In Positive Territory
Friday, August 22, 2014 - 4:36pm | 2164U.S. stocks were mostly lower as the tense situation in Ukraine was brought back in the spotlight following a report from NATO who observed an alarming rise in Russian forces near the Ukraine border. Speaking at Jackson Hole, Fed Chair Janet Yellen stated that 19 labor market indicators the Fed...
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Disruption, Advocacy And Regulation: A Weekly Bitcoin Review
Friday, June 27, 2014 - 2:51pm | 562X Prize Founder: Bitcoin Moving to Disruptive Phase Peter Diamandis wrote why bitcoin will be entering the disruptive phase in 2014 and 2015 before hitting mass adoption in 2016. He is accepting bitcoin for his Abundance 360 CEO Summit and he is trading in his gold for bitcoin. Diamandis...
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Market Wrap For May 28: Markets Take A Breather As Treasury Yields Fall
Wednesday, May 28, 2014 - 4:34pm | 2195U.S. stocks ended a four day rally which saw the S&P 500 hit historical all-time highs. However, during Wednesday's trading session the ten-year Treasury yield traded as low as 2.439 percent, the lowest level seen since June 2013. Volume remained below average during Wednesday's trading...
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Market Wrap For May 27: S&P 500 Closes At New Record High After Holiday Weekend
Tuesday, May 27, 2014 - 4:48pm | 1979U.S. stocks rose on a light volume trading session following a three day weekend. Regardless, the S&P 500 index hit a new intraday all time high of 1,912.28. Tuesday's trading session saw the release of mostly positive economic data including durable goods and the S&P/Case-Shiller...
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Market Wrap For May 21: Fed's Minutes Support Wednesday's Bull Run
Wednesday, May 21, 2014 - 4:37pm | 2652U.S. stocks rose at the opening bell and continued to rise throughout the trading session. Investors and traders breathed a sigh of relief when the Federal Reserve indicated a rate hike is not likely in the short term. According to the Fed, it is examining multiple strategies to tighten its...
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Earnings Expectations For The Week Of May 19: More Big-Box Retailers
Sunday, May 18, 2014 - 5:29pm | 985Wal-Mart (NYSE: WMT) kicked off earnings season for the big retailers last week with disappointing first-quarter results. Taking their turns on the earnings stage this week are Best Buy (NYSE: BBY), Home Depot (NYSE: HD), Target (NYSE: TGT) and several more retailers. Below is a brief look at...
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The Latest in College Trends: The Mobile-Apps Sector
Wednesday, April 16, 2014 - 9:46am | 1053College students do it again. Their trendsetting ability may be great, but their ability to drive growth in the mobile-apps industry could be remarkable. Below are a few mobile-app trends (from personal finance to travel) sweeping U.S. campuses this year; trends that may also drive growth in the...
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Report: Amazon May Offer Physical Stores Kindle-Based Checkout This Year
Friday, January 31, 2014 - 2:44pm | 549Amazon (NASDAQ: AMZN) may be about to make brick-and-mortar retailers an offer it hopes they don’t refuse. The Wall Street Journal reported this week the online retailer may introduce a Kindle tablet-based checkout system as early as this summer. One possibility would involve Amazon giving...
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Filing Taxes? Have Student Loan Debt? Uncle Sam Has A Message For You
Thursday, January 30, 2014 - 2:58pm | 606If you or someone you know has student loan debt, it is probably not an insignificant amount of money. According to CNN, the average student loan debt for the class of 2012 was $29,400. That much debt is not good for you – or for the economy. As a result, the U.S. Department of Education and...
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Intuit Down Slightly After Q1 Earnings Beat
Thursday, November 21, 2013 - 5:19pm | 256Intuit (NASDAQ: INTU) is down less than one percent in after hours trading after announcing its first quarter results. The company reported a Q1 EPS of $(0.06) versus the Street estimate of $(0.10). Earnings per share were down 100 percent from the year-ago period. Revenue came in at $622...
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Earnings Expectations For The Week Of November 18: More Retailers On Deck
Sunday, November 17, 2013 - 4:40pm | 1175The focus is on retail as the as the crucial holiday shopping season is set to get underway. Last week, Walmart (NYSE: WMT) and Kohl's (NYSE: KSS) offered weak third-quarter results, while Macy's (NYSE: M) and Nordstrom (NYSE: JWN) turned in earnings beats. Plenty more retailers are on deck this...
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The Loop Could Dethrone Google Wallet, Other Mobile Payment Providers
Friday, October 25, 2013 - 3:00pm | 758If it's hip to be Square, just wait until consumers get their hands on the first products from Loop, Inc.. "We solved a very tough problem, which was, 'How do you get the phone to talk with the existing point of sale without having to change the point of sales out there?'" Will Graylin, co-founder...
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Lawsuit Against Apple, Google and Others Gains Class Action Status
Friday, October 25, 2013 - 11:42am | 557A lawsuit brought on by employees of several major Silicon Valley corporations received a potentially costly (for defendants) upgrade to class action status Thursday. The original suit alleged conspiracy among Adobe Systems (NASDAQ: ADBE), Intel (NASDAQ: INTC), Apple (NASDAQ: AAPL), Google (...
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Benzinga Market Primer: Wednesday, May 22
Wednesday, May 22, 2013 - 6:34am | 908The markets reached another record high Tuesday as the Dow added 50 points and the S&P, nearly three points. All eyes will be on Fed Chairman Ben Bernanke’s testimony at 10:00 am EST Wednesday. Morning News S&P 500 futures are up 1.75 points to 1667.25. The EUR/USD was up at 0.19...
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Benzinga Market Primer: Tuesday, May 21
Tuesday, May 21, 2013 - 6:35am | 902Although far from anything resembling a correction, the markets ended Monday’s trading session barely in the red on the back of a weak dollar and gold that started the day sharply lower but rebounded. Tuesday, traders will watch for signs of follow-thru of yesterday’s pullback. Here’s what...