Citigroup (C) shares fell Wednesday after new relevations about the company’s mortgage practices and possible fraud came to light.
Just last week the company admitted to breaking Federal Housing Administration rules, and agreed to pay $158.3 billion to settle claims it committed fraud when... More»
The late Steve Jobs had a couple principles that he held very tightly when he was in charge of Apple (AAPL) the second time around. One was keeping new product launches secretive, and another was hoarding as much cash as possible. Given his strong beliefs on these two subjects, it is hard to... More»
Two of the hardest hit stocks last year were tech giant Netflix (NFLX), and retailer Sears Holding (SHLD). Both stocks were beaten up, and a lot of investors starting counting both companies out. They were wrong. Both stocks are among the best performers so far in 2012.
Since the start of the... More»
Over the past several years there has been a lot of buzz regarding “net neutrality”. So far, the conversation has mostly involved land-line internet providers, but a new decision from the Securities and Exchange Commission means wireless telecommunication companies cannot block... More»
One of the biggest initial public offerings last year was internet game-maker Zynga (ZNGA). The stock has been trading sharply higher over the past month, gaining around 80% since trading down to $8 a share during the first half of January.
Zynga is the company behind some of the biggest games on... More»
The market slid Tuesday after mixed news out of the retail sector. According to a report from the Department of Commerce, January retail sales rose by 0.4% compared to December, but that was lower than the 0.8% that analysts had expected.
While most of the headlines highlighted the missed growth... More»
As the U.S. winds down operations in Iraq and Afghanistan, one of the big questions is, how will the returning service men and women find work in the current economy. Unemployment figures have been showing signs of improvement, but jobs are still hard to find, and ending two wars will put a lot... More»
Google (GOOG) has made attempts in the past to move beyond the computer screen, but so far it has found limited success. It has been able to make strong progress in mobile computing, but Google TV flopped. Google realizes that people are trending away from desktop and laptops, knows to needs to... More»
Environmentalists love betting that solar power will be the solution to global warming and the world’s energy crisis, but so far it has not lived up to expectations. The biggest demand for solar power thus far has come from Europe, but demand there hasn’t been enough to boost the... More»
One of the biggest drains on the U.S. economy is its dependence on foreign oil, something it has been trying to overcome since the early ‘70s. While America is still importing a large amount of oil, there are indications that it could free itself from foreign oil in the foreseeable... More»