Analysis: Russia sell-off spurs hunt for bargains

By Gertrude Chavez-Dreyfuss and Daniel Bases NEW YORK (Reuters) – Rising tension between Russia and the West has rattled the country’s stock and bond markets, but some big money managers see the turbulence as an opportunity. Russia’s equity market has plummeted 18 percent so far this year. Foreigners dumped the country’s stocks, bonds and the […]

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Stocks rebound; Dow up triple digits amid data

NEW YORK (AP) — Stocks are moving higher in early trading as investors are encouraged by more evidence that Americans are spending more. BlackBerry rose 5 percent after the company reported results that were better than investors were expecting as a new CEO cut expenses. The Standard Poor’s 500 index rose 12 points, or 0.7 […]

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Facebook’s Oculus purchase could prove Zuckerberg is a true tech visionary

Last night, Facebook (FB) announced that it has acquired Oculus VR for $2 billion in stock and cash, which some pundits view as a lot of money for a company at such an early stage of its product development. Facebook paid the majority in stock though, a powerful currency given its high valuation, which is […]

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Why it’s not in Comcast’s interests to partner with Apple on streaming

Apple (AAPL) is in talks with Comcast (CMCSA) about a new TV-over-Internet service, The Wall Street Journal reports. The service would allow Apple to replace the cable TV set-top box and, thanks to a special deal with Comcast, provide streaming TV services with better performance than most video-streaming services like Netflix can currently offer. Apple […]

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Wall Street ends lower as biotechs fall; indexes up for week

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks slipped on Friday, as investors booked profits in momentum names heading into the weekend, wiping out early gains that had pushed the SP 500 to an intraday record high. The SP 500 lost momentum after hitting an all-time intraday high of 1,883.97, with biotechs among the […]

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Why it could get even worse for the markets

The markets got a shaking on Wednesday. And, it could get worse. Federal Reserve Chair Janet Yellen shook the markets by implying there could be as little as just six months between the end of the Fed’s monetary stimulus and an increase in interest rates. The market benchmark SP 500 index closed Wednesday down 11.48 […]

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Frothy IPO market a bubble for the 1%

Chinese Internet juggernaut Alibaba has made it official: the company will be going public in the U.S. and the deal is going to be enormous. Described as a hybrid of EBay (EBAY) and Amazon (AMZN) Alibaba is expected to raise $15 billion. That would make it the biggest IPO since Facebook (FB) raised $16 billion […]

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Frothy IPO market a bubble for the 1%

Chinese Internet juggernaut Alibaba has made it official: the company will be going public in the U.S. and the deal is going to be enormous. Described as a hybrid of EBay (EBAY) and Amazon (AMZN) Alibaba is expected to raise $15 billion. That would make it the biggest IPO since Facebook (FB) raised $16 billion […]

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Crimea vote to keep markets on edge

By Rodrigo Campos NEW YORK (Reuters) – Investors will start the week early as the Sunday referendum to decide if Crimea becomes part of Russia or remains Ukrainian will likely reverberate in markets worldwide. U.S. stocks closed Friday with their largest weekly drop in the last seven weeks as the strongest confrontation between Russia and […]

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Crimea vote to keep markets on edge

By Rodrigo Campos NEW YORK (Reuters) – Investors will start the week early as the Sunday referendum to decide if Crimea becomes part of Russia or remains Ukrainian will likely reverberate in markets worldwide. U.S. stocks closed Friday with their largest weekly drop in the last seven weeks as the strongest confrontation between Russia and […]

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