Oil’s rise is (understandably) getting all the attention. But it’s no coincidence the market’s tumble this week was accompanied by renewed weakness in the financial stocks, which make up about 16% of the S&P 500. …
Looking at the videogame sector, you’d never think the market is shaky or the economy is faltering.Take Take-Two, for example. The videogame maker has successfully resisted Electronic Arts’ takeover attempts and is right to hold out for a higher bid, says
So much for a quiet pre-holiday session.A lot of traders expected Friday to be another “nothing day” like Thursday, with many hoping to get a jump on Memorial Day weekend.But the stock market was tumbling midday Friday after existing home sales
The relative calm surrounding the Microsoft-Yahoo saga has been broken with a series of developments, most notably Yahoo’s announcement that it is delaying its shareholder meeting until “around the end of July.”Yahoo moved the meeting from July
The debate over speculators’ role in crude’s surge raging at the highest levels:”This (high level of oil prices) is not about blame; it’s about supply and demand….” Treasury Secretary Hank Paulson told CNBC yesterday. “All the research I