Cheap oil can be good for stock market
The stock market shrugged off the turmoil in oil as well. The S&P 500 rose nearly 15% in 1986 and the Dow gained about 23%even though crude prices plummeted more…
Tag: factset
ECJ on OMT clears ECB for QE. WTF?
Related: Europe will print money, it’s just a matter of time Assuming a new Greek government doesn’t turn back time later this month, the challenge now is how to save…
Why India has the cheapest flights on Earth
Yet as with many sectors in India, optimism is creeping in around the edges. Funds from foreign investors have provided a boost, and analysts hope that newly-elected Prime Minister Narendra…
Wall Street weakness: JPMorgan Chase disappoints
It was not all bad news though. Dimon touted strong results from JPMorgan Chase’s consumer and community banking, mortgage banking and credit card units. During a conference call with reporters,…
RadioShack may be preparing for bankruptcy
Morningstar: © 2015 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2015. All rights reserved.
Apple’s new security feature not good enough
“It is amazing how much access one can get,” she said, pointing out what happens if someone breaks into a person’s iMessage. “Imagine that a hacker gained credentials of someone…
‘Devastating erosion’ of taxpayer services at IRS
End result: the IRS is unlikely to answer even half the calls it receives and those callers who do get through will experience long waits, Olson said. What’s more, the…
Charlie Hebdo’s new Mohammed cover: What people are saying
“I know you won’t hold back,” Schwarzenegger said. News outlets have agonized over whether or not to show images of the prophet ever since the attack on the magazine’s Paris…
Aetna raises its minimum wage to $16
“As the American economy recovers, Aetna is leaning into that recovery and making these improvements so our colleagues who are vital to our success can benefit from it,” said the…
The American Dream is coming back
For example, the percentage of part-time employees who want full-time work but can’t find it has dropped from 29.9% to 25.6%. One area where we have yet to see improvement…
The almighty U.S. dollar could soon equal the euro
Europe’s rescue plan will hurt the euro: The euro weakness makes sense given the continent’s economic struggles. Growth has been virtually nonexistent and unemployment is stuck near record highs. Things…
European stocks will outrun Wall St in 2015. No, really.
Related: Russia faces wave of bankruptcies if rates don’t fall And yet, some analysts argue that now is the time to buy. – Factset: FactSet Research Systems Inc. 2015. All…
Looking for the new Charlie Hebdo in America? Good luck
It was also unclear Tuesday how much of the new issue, which will stay on sale for eight weeks, will appear on Charlie Hebdo’s website. The site has been converted…
This year’s Y2K: ‘Leap second’ threatens to break the Internet
Related: Is this the costliest computer bug ever? The bad news is that leap seconds continue to disrupt Web services, even after Google told the world how to fix it….
Despite cashing $1 billion divorce check, oil magnate ex will appeal
Hamm’s lawyer isn’t holding back when it comes to his thoughts on Arnall’s appeal. “Ms. Arnall is a classic case of wanting her cake and eating it too,” said attorney…
Uber partners with Boston on traffic data
Related: The most innovative cities in America Boston officials expect to receive the first data set from Uber within two weeks. After that, they’ll receive data on a quarterly basis….
OPEC vs. U.S.: Who will blink first on oil?
This inelasticity can cause wild price swings if the market is either undersupplied or oversupplied. With the market currently oversupplied by 1% to 2%, prices have dropped rapidly. The only…
Indian startup pays $50 million to compete with Yelp
Related: Drone startups swoop up billions This is Zomato’s sixth acquisition. In the past six months, it’s gobbled up local restaurant search firms in countries like New Zealand, Poland and…
Saudi Prince: Oil will never return to $100
Back in 2008, oil broke through the $100 level for the first time, leading some to predict prices would spike to $200 due to surging demand from China and India….
Ford unveils new GT supercar
Morningstar: © 2015 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2015. All rights reserved.
Obama proposal: Hacked companies have 30 days to fess up
Obama will speak about the proposed legislation at a midday speech Monday before the Federal Trade Commission, according to a White House spokeswoman. The president also plans to mention them…
Big banks face big hurdles
And just last week, Citi said that it was cutting the bonuses of some of its traders. So it will be very interesting to see if BofA, Goldman and JPMorgan…
Rupert Murdoch and Fox News draw massive online backlash for Muslim comments
Ansari tweeted: “@rupertmurdoch is responsible for all pedophilia committed by anyone Catholic. @rupertmurdoch why are you pro pedophile :(” In another tweet aimed at Murdoch, Ansari asked for a “step…
Fox Birmingham Muslim interview sparks #foxnewsfacts storm
The hashtag #foxnewsfacts was soon trending on Twitter, with users posting pictures of the Queen wearing a head scarf suggesting she was subject to strict Muslim dress code. Others tweeted…
Russia faces wave of bankruptcies
The impact of Western sanctions imposed over Russia’s actions in Ukraine has sparked a cash crunch by shutting many companies out of international funding markets. A collapse in the ruble,…
Congress is getting richer
Representative David Valadao claimed the spot as poorest lawmaker for the third year in a row. The California Democrat is $11.6 million in the hole, mainly due to large revolving…
Premarkets: 5 things to know before the open
Property firm Cheung Kong (CHEUF) jumped nearly 15%, while investment holding firm Hutchison Whampoa (HUWHF) climbed almost 13% in Hong Kong trading. Both are owned by Li, 86, worth an…
Mental health workers on strike for a week
It’s boosting staff to meet the growing need for mental health services, which has been partly driven by the recession, Nelson said. Plus, Kaiser’s membership has grown 8% since 2011….
Facebook ‘likes’ predict your personality
Separately, family and friends answered a 10-part questionnaire to evaluate participants on the same five personality traits. Related: Google snaps up artificial intelligence firm DeepMind Using the combined data, the…
A Democratic plan for big middle class tax breaks
Here is some of what Van Hollen’s proposal would create: A $1,000 paycheck bonus tax credit: This would provide every worker making up to $100,000 with a $1,000 tax credit…