an electronic trading board at the phillipine stock market

Low retail sales, rising consumer confidence calm volatile stocks

Retail sales dropped in May, and the stock market dropped in step with data delivered by the Commerce Department retail sales report. Stock market volatility has become the new normal. The stock market rose at the end of the day Thursday before reversing direction early Friday when the May retail sales report was released. A
Front view of a Chinese one yuan note. The late Communist leader Mao Tse Tung is depicted on the currency.

Global yuan exchange under way for first time in history

China has played its hand very close to the vest when it comes to controlling its currency, but as the Wall Street Journal reports, the time has come to spread the wealth. The yuan, which Beijing once prohibited from being bought or sold outside China’s borders, has been released into global currency trading for the
Navy Petty Officer 2nd Class Sara Liming scrubs the walls of the Nagad School in Djibouti’s Atta Region on March 26, 2011.

Home remodeling projects worth the money today

Remodeling to increase the value of a home has traditionally been a good idea. However, the housing market collapse has made big home renovation projects a calculated risk. In parts of the U.S. where the real estate market is more favorable, remodeling projects can still provide good value for the cost. SmartMoney has a few
Boxtop for a boardgame called “The Stock Market Game.”

How to buy and sell stocks

Ever wanted to learn how to buy stock? You’re in the right place. Learn what a stock is, how to choose good stocks and some of the basics of buying stock with this “stocks for dummies”- style guide. What is a stock? Essentially, buying stocks means buying partial ownership in a company. If the financial
Lily Allen on EMI

Investment firm Terra Firma loses lawsuit over EMI

In 2007, investment firm Terra Firma purchased control of music giant Electric and Musical Industries Ltd. After losing more than $2.5 billion on the investment, Guy Hands of Terra Firma’s decided to sue Citibank. A jury has found, however, that Citibank did not defraud Terra Firma in the purchase of EMI, as was accused. Terra
executive pay

New Say on Pay rule gives shareholders vote on CEO compensation

Shareholders can now vote on the salaries of executives leading publicly traded companies. The “Say on Pay” provision of the Dodd-Frank financial reform bill was approved by the Federal Trade Commission on Wednesday. The Say on Pay vote is nonbinding, but analysts expect the rule may have a profound effect on the behavior and performance
Wedding dresses

The Knot | Wedded bliss marries stock bliss

The Knot is one of the web’s biggest wedding destinations. The Knot’s website and other media are all about The Big Day,  and today The Knot as a company is having a Big Day of its own. The Knot’s stock has been upgraded to a “buy” rating. So should you include purchase of The Knot
Bill Gates on stage at a conference

Gates and Buffett urge billionaires to give away half their money

Billionaires giving money away isn’t so unusual. When the billionaires giving money away are Bill Gates and Warren Buffett, it’s good, but old, news. But when billionaires Gates and Buffett call out their fellow billionaires to pledge 50 percent of their fortunes to charity, people notice. The billionaire philanthropists announced a campaign Wednesday to persuade
John Paulson, surrounded by some of his amassed riches: money, mansion, luxury cars, etc.

Hedge fund manager John Paulson: Crook or guru?

Hedge fund manager John Paulson bet against the health of the U.S. housing market by funneling money into credit default swaps against subprime mortgages, which effectively ensured that as homeowners defaulted he would receive a massive cash advance on his investment in failure. Thanks to the bursting of the U.S. housing bubble and some shrewd
Photo of the madness on wall street.

Volatile stock market driven by impulsive investor fears

The stock market forged ahead last week on news that the consumer confidence index rose. The markets went into reverse a short time later when the Fed released minutes from its latest meeting. The markets rose again on Wednesday, this time on data showing growth in American and Chinese manufacturing output.  This late burst of
Close-up of a checkbook register that reflects multiple credit card payments, including one marked “payoff.”

Low CD rates prompt consumers to pay off credit cards

A certificate of deposit is traditionally a worthwhile, low-risk investment. However, CD rates have been so low lately that many consumers have moved their money into more productive financial ventures, reports Bankrate. Paying down debt – particularly credit card debt – has taken center stage. One-year CD rates scraping the bottom According to Bankrate, the
There's always one cupcake in the bunch that doesn't quite meet expectation. In this case, the frosting has boiled over and it’s a hot, sticky mess.

Worst venture capitalist moves in U.S. history

Almost any startup business needs advance loans in order to get off the ground, which is why venture capitalists (VCs) are vitally important. For every venture capitalist with money to lend that has tasted the sweet success of funding such giants as Google, many others have not been so lucky. Thanks to Focus Research, here
insider trading this way

Insider trading probe affects cross section of financial industry

The first shot in what could be the largest insider trading case in history may have been fired Monday. The FBI raided the offices of two hedge funds in Greenwhich, Conn., as part of a massive insider trading probe. Last fall the Securities and Exchange Commission issued subpoenas to more than 30 hedge funds and
santa claus rallies wall street

Santa Claus rally hits markets in countries celebrating Christmas

The Santa Claus rally in the stock market, if it has arrived on schedule, will begin Monday, Dec. 27. Historically the Santa Claus rally is the last five trading days of the year in countries that celebrate Christmas. The Dow Jones Industrial Average, already enjoying a strong December, hit a two-year high on Dec. 22.