The Dow Jones industrial average soared more than 600 points Wednesday, its biggest gain in seven years.
A San Francisco investment banking analyst and two of his friends were arrested Tuesday morning for acquiring more than $600,000 on the stock market in an insider trading scheme, U.S. Justice Department officials said.
China is once again the prime reason for the action. The People’s Bank of China finally did the expected and cut interest rates in Beijing’s latest move to try and put the brakes on its own market meltdown.
Google’s stock roared out of a long slumber Friday to produce the biggest shareholder windfall in U.S. history as investors rewarded the Internet company for promising to curb its spending on risky projects.
Trading at the New York Stock Exchange was halted late Wednesday morning because of a technical issue, the exchange said.
The average minute will briefly gain an extra second Tuesday, to make up for the earth’s slowing rotation, and stock exchanges around the globe are bracing for it.
Netflix is hoping to hook millions more Internet video subscribers with the lure of original programming as it accelerates its international expansion in an effort to build the leading network for the digital-streaming age.
Cable company stocks fell sharply Monday after President Obama called for the Federal Communications Commission to reclassify Internet access as a utility.
U.S. stocks tumbled across indexes Wednesday as fears of a global economic slowdown intensified, with the Dow Jones industrial average in its fourth day of consecutive losses – plunging more than 400 points.
Yahoo is still prospering from its lucrative investments in Asia while the Internet company’s listless advertising sales are picking up, if ever so slightly, under CEO Marissa Mayer.