Dollar slips, bonds & shares rally as Summers drops out

By Wayne Cole SYDNEY (Reuters) – The U.S. dollar slid while bonds and shares rallied in Asia on Monday after Lawrence Summers dropped from the race to be head of the U.S. Federal Reserve. Investors wagered that Fed policy would stay easier for longer under the other main candidate, Janet Yellen. The surprise news comes […]

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Next Victim of Technology: The Stadium Hot-Dog Vendor

The food isn’t always fresh or affordable, yet the roving vendor shouting “Peanuts!” or “Beer Here!” is a timeless cultural fixture at stadiums across the country, where millions of Americans have experienced the thrill of victory and the agony of defeat. Perhaps not for much longer, though. MasterCard (MA) is rolling out a digital app […]

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The Price of Failure: Ex-Wall Street CEOs Still Living Large

Quotes are real-time for NASDAQ, NYSE, and NYSEAmex when available. See also delay times for other exchanges. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. All information […]

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#TwitterIPO: Let the Frenzy Begin!

It was the tweet heard around the financial world: “We’ve confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale” announced @Twitter yesterday afternoon. Less than a minute later the same account followed with “Now get back to work.” Fat chance. Immediately […]

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Twitter Files for IPO; Goldman Sachs Lead Underwriter

Twitter said in a tweet tonight that it has confidentially submitted a document to the SEC with plans for an initial public offering of stock. Goldman Sachs (GS) is the lead underwriter, sources told CNBC. Other underwriters are expected to be named when the S-1 filing is made public. Shares of social media companies like […]

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High iPhone price spooks investors, Apple shares drop

By Ryan Vlastelica and Eileen Soreng (Reuters) – Apple Inc’s new iPhones got panned by Wall Street on Wednesday as investors decried one model for being too costly for emerging markets such as China, and dismissed the other model as lacking enough game-changing features. The world’s most valuable technology company missed an opportunity to introduce […]

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Share rally pauses as Syrian talks begin

By Marc Jones LONDON (Reuters) – A week of gains for world stocks petered out on Wednesday and a sell-off in oil and core government debt eased, as talks began on trying to avert a U.S. military strike on Syria against a broadly calm market backdrop. The safe-haven yen was at a seven-week low against […]

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Apple iPhone Upgrade: What to Expect

Shares of Apple (AAPL) remain well off their all-time peak of $705.07 but they’ve been on a tear of late, up 28% since the beginning of July, fed by numerous leaks and rumors about the company’s next iPhone. Today, at 1 p.m. Eastern time, investors get to see just how close the leaks came to […]

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Wall Street Rallies on China Data; Dow Above 15,000

By Ryan Vlastelica NEW YORK (Reuters) – U.S. stocks closed sharply higher on Monday, with the Nasdaq ending at its highest level since September 2000, as upbeat data from China boosted optimism about the health of the global economy. Sentiment was also lifted by merger activity and easing concerns about a potential Western-led strike on […]

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Yen sags on Tokyo Olympics win, China data seen lifting Asia shares

By Hideyuki Sano TOKYO (Reuters) – The yen dropped on Monday as traders positioned for a rally in Japanese shares after Tokyo won its bid to host the 2020 Summer Olympics, while Asian shares look set to gain after mildly upbeat Chinese trade data underscored signs of stability in the world’s second-biggest economy. The dollar […]

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