Tech fell so far at the start of the new millennium, it was difficult to imagine that the index could ever make up what it lost.
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One of the most downbeat strategists watching the market flips, leaving few left to sound notes of caution.
All year Deutsche Bank's (DB) David Bianco held the title of most bearish strategist on Wall Street for 2014. With a measly 1,850 year-end target for the Standard & Poor's 500 Index ($INX), Bianco was caught behind the curve as the bull market extended its historic five-year long run.
In a new research note to clients, Bianco cranks up his 2014 and 2015 calls and unveils a big 2016 call. Here's a summary:
'It's a bold look,' says CEO Gary Kelly. Twitter users weren't so sure, however. It will take years to repaint the entire fleet.
Southwest Airlines (LUV) is putting a new paint job on its planes, adding a splash of bright color as it enters middle age and faces many changes.
The airline introduced its new livery Monday to a rally of several hundred employees in a hangar at its headquarters next to Dallas Love Field.
Blue is still the dominant color, but the planes will also have red, yellow and blue swooshes on the tail and wing tips and "Southwest" in big letters along the side of the fuselage.
"It's a bold look; it's an updated look," declared CEO Gary Kelly.
On Twitter, the reviews came immediately and ranged from "horrible" to "I luv it."
The images will initially be shown to a small percentage of US users in the company's mobile apps.
Buy buttons within tweets from select Twitter accounts will initially be shown to a small percentage of U.S. users in Twitter's mobile apps. The company plans to eventually expand the program to more users and its desktop program.
Like any other tweets, tweets with buy buttons can be promoted so that they function as ads. Twitter isn't disclosing whether or not it will take a cut of the buy button purchases.
The company will offer its 'super cruise' system on a yet-to-be-named new Cadillac vehicle. No word on how much the feature will cost.
The company will offer its "super cruise" system, which will allow a driver to ride in a car with hands off the steering wheel on a freeway with proper lane markings, on a yet-to-be-named new Cadillac vehicle.
Cadillac officials have said they intend to launch by 2016 a large sedan to compete with rivals such as the Mercedes S-Class.
Service providers have been persuading customers to pay full price for new devices. The approach poses risks for Apple.
In recent years, Americans have been spared the sticker shock of paying full price for a new iPhone because wireless operators offered upfront discounts approaching $500 a phone.
But Apple (AAPL) faces an uncertain new environment this week as it prepares to unveil new -- and what are expected to be more expensive -- iPhones. Carriers have been weaning consumers off subsidies and getting them to pay full price for new devices.
In most cases, consumers pay for the phones over time, the way many people buy new cars. The carriers say they come out ahead by eliminating the subsidies and allowing consumers to buy new phones without upfront payments.
The investment bank upgrades its outlook to 'overweight' less than 2 months after downgrading equities to 'neutral.'
After warning on the risk of a temporary sell-off in stocks back in July, Goldman Sachs (GS) upgraded its outlook on equities to "overweight" on Monday, expecting a push higher for stocks in both the near- and medium-term.
"We upgrade equities to overweight over three months . . . we expect earnings growth, dividends, and high risk premia to support returns," Goldman's global investment team, which includes Peter Oppenheimer and Anders Nielsen, said in a research note released on Monday morning.
Back on July 25, the investment bank downgraded equities to "neutral" for the three months ahead, citing the risk of a temporary hit to stocks following a selloff in bonds. They said the near-term risk/reward profile for stocks was less attractive, despite iterating a "strong conviction" that stocks were the best-positioned asset class over the next year.
There's no guarantee the device will even be available for purchase after Apple's event Tuesday. But that isn't stopping people with extra time on their hands.
But Apple's (AAPL) iPhones are still the king when it comes to how far fans are willing to go.
Two days before the California-based company is expected to unveil its iPhone 6 -- and perhaps more than a week until the product becomes available for purchase -- six customers had already formed lines at the Apple store in Ginza, Tokyo, as of Monday noon.
"I've been here since Sunday. I am fourth in line," Tomoaki Watanabe (pictured, right), 22, told Japan Real Time. The college student sat on a foldable camping chair, with a suitcase stocked with food, clothing, his toothbrush and a laptop.
The chain won't place signs in restaurants or have employees enforce the policy, however.
"The request is simply we recognize everyone's rights," said Panera CEO Ron Shaich during a phone interview Monday. "But we also recognize that we are building communities in our cafes and are where people come to catch a breath."
"We're simply respectfully requesting that people leave their guns at home," he added. "It's that simple."
The chain is only selling 1,000 of these passes for carb-lovers starting at 3 p.m. Monday. 'What we're trying to do is get some attention,' an executive says.
The struggling Italian chain is offering a "Never Ending Pasta Pass" for $100 that buys seven weeks of unlimited pasta, breadsticks, salad and Coca-Cola beverages, USA Today reports.
There are only 1,000 passes and they will be sold on the company's website beginning at 3 p.m. ET. If a customer uses the pass once every day for the 49-day period, they would effectively be paying about $2 per meal.
The chain's pasta dishes average around 1,000 calories for a single serving.
With many sectors, you are trying to step in front of a freight train. With this one, you are riding one.
Apparel stocks have been so hit or miss in the past few years that I can't blame anyone for taking a pass on them. But right now they are all hit and you can't really pass them up.
That's my takeaway from the parade of retail earnings we have seen. Almost every stock in the apparel group is a buy, except, oddly, the one area that had been hot -- accessories, namely handbags. It seems as if you can't give those away, as people who are wallowing in Coach (COH), Kate (KATE) and Kors (KORS) know all too well.
Some of the apparel companies have been strong for ages. Take Under Armour (UA). Earlier this spring the sports apparel company reported a terrific quarter in every fashion. But UA doesn't trade with the apparel cohort. It trades with the high-growth, high-multiple contingent. Its stock fell as if it were a cloud, Internet e-commerce or biotech company. The rollover was, frankly, absurd. The plummet from $62 to $46 beginning in March and ending with a triple bottom in May was just plain hideous.
The headline disappointment gave the day a definite defensive feel, but investors pressed on.
By Anthony Mirhaydari
After a midday stumble, stocks finished strongly on Friday despite a weaker-than-expected payroll report. Investors were pleased by the ceasefire agreement in Ukraine between Kiev and pro-Russian separatists.
In the end, the Dow Jones Industrial Average ($INDU) gained 0.4 percent, the Standard & Poor's 500 Index ($INX) gained 0.5 percent to retake the 2,000 level (which it's been oscillating around for two weeks), the Nasdaq Composite Index ($COMPX) gained 0.5 percent and the Russell 2000 ($TOMX) gained 0.3 percent.
The day had a definite defensive feel, with utility stocks leading the way thanks to an early strong rally in Treasury bonds, rising 1.2 percent as a group. Energy also moved higher despite weakness in crude oil prices. Financials underperformed.
The Chinese e-commerce giant could raise as much as $24.3 billion in the offering, expected later this month.
Chinese e-commerce giant Alibaba Group Holding Ltd. set the estimated price range of its initial public offering at $60 to $66 a share, valuing the company at about $155 billion at the midpoint of the range.
In a regulatory filing Friday, the company said it expects to offer 320.1 million American depositary shares. Including the extra shares set aside for underwriters, the offering could raise up to $24.3 billion, which would be the biggest IPO ever.
It isn't unusual for companies seeking to go public to set an initial price range that proves to be below where the offering eventually prices. With both Facebook (FB) and Twitter (TWTR), the final price on the deal was higher than the initial range.
The movement deserves some credit for the wave of higher minimum wages across the country.
The fast-food strikes that will hit 150 cities on Thursday, as workers demand $15 an hour and union representation, began two years ago, almost by accident.
As Kendall Fells, organizing director of Fast Food Forward, tells it, when the advocacy group New York Communities for Change put together a petition for affordable housing in New York City, they realized that the fast-food workers they talked to couldn't afford even low-cost apartments; they were sleeping in homeless shelters and on friends' couches.
That prompted the group to call in the Service Employees International Union to organize meetings around the issue of low fast-food worker pay. By the third meeting in September 2012, the workers had decided that they wanted $15 an hour and a union, and they'd strike to get both.
The agency won approval to reduce charges for high-volume customers, drawing complaints from rival delivery giants.
Over loud protests from its rival delivery giants, the Postal Service won approval from its regulators in August to lower prices by as much as 58 percent on certain Priority Mail packages for customers shipping at least 50,000 parcels a year.
The Postal Service says its prices were too high to be competitive. But in documents filed with the Postal Regulatory Commission, both UPSand FedEx say the agency is taking advantage of its status as a near monopoly to unfairly snag a bigger piece of the e-commerce pie.
Automakers move headquarters more often than you'd think as they search for new personalities. Cadillac is the latest to consider a transplant.
In an earlier time it would be considered heresy: General Motors' (GM) Cadillac is thinking about moving its sales and marketing operations from Detroit to -- of all places -- Manhattan.
Cadillac, after all, is named after the founder of Detroit, which has been its home for 112 years, and some elements of its wreath-and-crest shield come from the city's seal. Manhattan is better known as the home of the yellow taxi and the black Town Car.
But it has become a familiar trope: Change your outlook by changing your address. If Cadillac moves, it will be part of an effort to remake the brand's image, attract some buyers who now fixate on German luxury cars, and broaden its appeal outside North America.
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[BRIEFING.COM] Equity indices extended this week's losses with a broad-based retreat. The S&P 500 fell 0.6% to end the week lower by 1.1%, while the Russell 2000 (-1.1%) finished with a 0.9% decline since last Friday.
Staying true to the theme observed throughout the week, the energy sector (-1.5%) tumbled out of the gate, thus dragging the broader market down with it. Once again, dollar strength and crude oil weakness contributed to sector's underperformance, but the ... More
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