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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The commodity is nominated in US dollars, and the dollar is getting stronger.
There seems to be every reason for oil to rally. Why is it down? And should you pare down on your energy holdings?
Always an advocate for understanding the environment before you make any big decisions, Jim Cramer believes it's critical for anyone holding energy stocks to get a handle on oil, and why the price is in decline, especially when there would seem every reason for it to go higher.
Common sense would suggest the ongoing tensions in Russia, as well as the threat of an Ebola epidemic in Nigeria and the horrific terrorism in Iraq, would all send oil higher, if for no other reason than they threaten supply.
Banks are on board, but merchants are still wary of paying for the technology.
Apple hopes its service, Apple Pay, will prompt shoppers to ditch their wallet and make purchases with an iPhone. The system relies on a technology known as near-field communication, or NFC, that has had trouble winning acceptance from merchants.
Merchants must install a reader at their checkout line for so-called tap-and-go payments. NFC readers are being used by fewer than 10 percent of merchants, according to Gartner analyst Mark Hung.
The songs are showing up in some user libraries as purchased, with or without their approval.
Toward the end of Tuesday's Apple event, Tim Cook and Bono announced that every iTunes user would be given the band's new album for free.
U2's new album, "Songs of Innocence," shows up in iTunes libraries as purchased, whether users have chosen to buy it or not. That has made a lot of people angry, as it's nearly impossible to get rid of the album.
When people want what a company makes, you get a secular growth product story that dazzles.
Wiseguys finish last. I am talking about how all of the wiseguys were out there dissing Apple (AAPL) even as the stock was going down. Not because of the high price of the Apple Watch but because we are again playing the parlor game of Fed watch and the word "considerable" -- as in a considerable time might have to pass before rates are raised -- might be coming out of the upcoming statement.
To me this is common sense. I mean, hasn't a "considerable" amount of time passed since they said a considerable amount of time would have to pass before the Fed raises rates? No matter. Pavlov's dog plays a role every day -- my new name for sellers who come out of the woodwork after any chatter, legitimate or otherwise, that the Fed has to raise rates, and, unfortunately, Pavlov's dog surfaced right when we were hearing about the Apple Watch's beautiful design.
Apple has handed over its leadership -- and all the excitement -- to this 3-D printer company.
By Jamie Dlugosch
Apple's (AAPL) big product announcement on Tuesday was oh-so-anticlimactic. The moment came and the market yawned. After a brief spike higher, Apple shares finished lower.
I hate to break it to the Apple fanatics, but there is a new king of innovation, and it is not Apple. Nope, the new king of innovation is in the 3-D printing space.
The name of the company is Stratasys (SSYS).
I know, that's a bold statement. But it's true.
Apple lost its innovation leadership with an emphasis on design . . . a big mistake. It's one thing to have a cool product and then layer on design after market acceptance. What Apple is doing now is the reverse: "Let's make it cool-looking and hope people will buy."
The chain plans to introduce the new topping, made with bamboo charcoal, next week in Japan.
Japan is a nation known for its love of culinary oddities, and starting Sept. 19, Burger King (BKW), plans to indulge that love with black cheese.
That's right, Burger King Japan has announced the latest iteration of its "Kuro" burger ("kuro" meaning "black" in Japanese), first introduced last year.
The buns are black, the sauce is black, and this year, the cheese will be black as well.
According to the gaming site Kotaku.com, the buns and the new cheese addition get their coloring from bamboo charcoal, while the accompanying onion and garlic sauce is prepared with squid ink, and the hamburger patties are made with black pepper, just for good measure.
The yoga-apparel maker beat Wall Street expectations for earnings and revenue Thursday.
Early Thursday, the yoga apparel maker reported earnings per share of 33 cents, topping expectations for 29 cents.
Revenue in the second quarter totaled $390.7 million, beating estimates for $376.8 million.
Lululemon said total comparable store sales were flat in the second quarter, and on a constant dollar basis comparable store sales were down 5 percent.
Investors are cheering the latest earnings report from Lululemon but buyers should beware.
Investors rejoiced over Lululemon's (LULU) better-than-expected second-quarter earnings, which hinted that the beleaguered yoga-apparel brand finally was turning around amid investments in people, processes and more compelling merchandise.
But investors who are buying into this notion could end up motionless on their yoga mats given three key aspects to Lululemon's second-quarter performance.
Lululemon reported second-quarter EPS of 33 cents, 4 cents higher than consensus forecasts. Lululemon's bottom line also surpassed its own guidance of 28 cents to 30 cents a share it provided in June. Total comparable-store sales, which include direct-to-consumer (online) sales, were unchanged in the quarter compared to guidance which called for a decrease in the low- to mid-single digits percentage range. Comparable-store sales at physical locations declined 5 percent, and net revenue for Lululemon's online business rose 29 percent.
Think weakness in the category will help stocks? Not in this bizarre economic reality.
By Anthony Mirhaydari
Stocks pushed higher on Wall Street on Wednesday as a rebound in Apple (AAPL), after the initial disappointment with Tuesday's iPhone 6/Apple Watch unveiling, was largely reversed with some very orderly, machine-like buying in the tech giant.
Also helping the bulls was a "No" majority in another one of those Scottish independence polls that has the Europeans suffering a cold sweat.
Overall, the Dow Jones Industrial Average ($INDU) gained 0.3 percent after testing below the 17,000 level for the first time since mid-August and threatening to fall through its two-month trading range. The Standard & Poor's 500 Index ($INX) gained 0.4 percent but was unable to retake the 2,000 level.
It seems like the stock market's summertime doldrums continue.
The company is testing a campaign in which people can send vouchers for free Bud Lights online.
The company is testing a campaign whereby people can send vouchers for free Bud Lights to people celebrating birthdays or dispatch Budweisers on any occasion it might be appropriate to send an inexpensive beer to an online acquaintance.
The program is currently available in Denver and Chicago. In those cities, recipients will receive coupons that can be redeemed at participating bars or restaurants.
Any teenagers who hope this constitutes an opportunity for a free beer will have to set up fake Facebook accounts and then trick bartenders into thinking they're 21.
The company's new CEO is making big changes that he hopes will re-energize its fashion, design and baby categories.
The change comes as the advantage of big-box stores' giant assortments is fading. Internet retailers like Amazon.com (AMZN) offer an almost bottomless range of products, and shoppers are defecting to stores that are easier to navigate.
Just a month into his job, Chief Executive Brian Cornell is seeking to bolster a small number of categories that could help the chain stand out.
The blitz of new offerings aims to resolve questions about the company's ability to innovate in the post-Steve Jobs era.
Now, Apple is betting that it again can succeed where others have struggled, by changing the way consumers pay for purchases, how they think about a computing device on their wrists and how much they're willing to pay for a phone.
No, your router isn't broken. Major Internet companies are intentionally pretending to slow their connections to protest potential changes to net neutrality.
By Andrew Lumby, The Fiscal Times
On Wednesday morning, if your early-morning visit to Reddit, or Etsy, or Netflix (NFLX) seems a little slow, don't bother resetting your router or attempt to navigate Comcast's Kafkaesque customer support.
The cause of the issue is probably just Internet Slowdown Day.
Hundreds of sites, ranging from giant news aggregator Reddit, social media hubs like FourSquare and Vine, web streaming giant Netflix and, yes, several large adult-content sites, are intentionally pretending to slow their connections and temporarily hide their content, in a move that is eerily similar to the large-scale Internet blackout that occurred during the SOPA deliberations in 2012.
Other notable sites participating include Fark, Tumblr, Upworthy and Vimeo.
This important sector is once again a short if the government doesn't realize it's playing too big a role in the business of America.
New rules for banking? On top of the old ones? With even more capital raised? Are you kidding me?
That's what we are hearing from the Fed, that a surcharge with fatter cushions is needed to further eliminate too-big-to-fail considerations.
And all I can say is: Would you give these banks a chance to do some lending and stop making them fear you so much?
We don't want to go back to the old days when banks' capital was stretched. But if we want sustained movement in this economy, the big banks have to feel that they can make some mistakes and not have the book thrown at them. I think a preponderance of the loans they are making are to people who don't really need them.
This kind of rule making, while good in principle, says to the banks, "You think you are out of the woods with us, but dream on." To me that means "Don't you dare make a loan that goes bad."
As the tech giant shifts focus away from hardware, mobile payment could be one area that drives revenue growth.
As Apple (AAPL) continues to expand beyond just iDevices, the massive profit and potential behind Apple Pay is one of the keys to the tech giant's revenue growth in the future.
Apple Pay will force retailers to roll out contactless payments, ultimately making customers more comfortable tapping phones to pay for items, said Pascal Caillon, general manager North America of Proxama, a contactless payment solutions company.
"Apple's foray into NFC (near field communications) is a landmark and will ignite the mobile payments market globally, but especially in the U.S. where adoption has lagged," Caillon said via email. "NFC is THE technology for point of sale payments and aligns with the card scheme work we have been doing for years, but now there is even more impetus for merchants to roll out contactless payments beyond the initial supporting merchants that Apple announced today."
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The grocery giant expanded its Simple Truth line nationwide 2 years ago and has seen consistent growth.
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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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