Gains on earnings, data
As investors awaited for Microsoft and Amazon after hours, markets rallied on better-than-expected economic data and strong earnings reports from earlier in the day. Paul Vigna discusses.
• Hot Stocks
|
3M, Caterpillar, more
• 3M beats earnings targets, lifts outlook for year
• AT&T;'s quarterly net income jumps 25%
• Caterpillar nearly doubles profit, raises outlook
• UPS raises outlook as quarterly profit surges
FINANCIALS
When failure is a positive
Observers will gauge success of EU-administered "stress tests" by the number of banks that don't meet the mark. Too few will be a bad sign.
• Stress tests threaten nascent recovery
• Outside the Box: Sector technicals in doldrums
• David Weidner: Hire Elizabeth Warren (WSJ.com)
Online retailer's earnings rise 45%, but its stock plunges after earnings
miss analysts' targets.
• Amazon earnings rise, but fall short
• AmEx, Capital One report big quarterly profits
• E-Trade post first profit in three years
Microsoft tops targets
Software giant exceeds expectations with
48% profit gain. Shares rise in late trading.
• SanDisk CEO to retire | Real names its chief
Dell settles SEC claim
Namesake CEO also will pay a $4 million penalty.
MARKETs and economy
Reports wake up the bulls
Major U.S. indexes rally more than 2% as investors grow emboldened by a spate of upbeat profit reports and solid economic data from Europe.
Checks are in the mail
Long-term jobless workers are set to reclaim unemployment insurance benefits that were lost, after action in Congress.
• Pelosi rejects extending Bush-era tax cuts
• Senate Democrats shelve carbon-cap bill
• Initial U.S. jobless claims rise to 464,000
• Economic insecurity is at 25-year high
• In Ben we trust (24/7 Wall St.)
• Amazon earnings rise, but fall short
• AmEx, Capital One report big quarterly profits
• E-Trade post first profit in three years
Microsoft tops targets
Software giant exceeds expectations with
48% profit gain. Shares rise in late trading.
• SanDisk CEO to retire | Real names its chief
Dell settles SEC claim
Namesake CEO also will pay a $4 million penalty.
MARKETs and economy
Reports wake up the bulls
Major U.S. indexes rally more than 2% as investors grow emboldened by a spate of upbeat profit reports and solid economic data from Europe.
Checks are in the mail
Long-term jobless workers are set to reclaim unemployment insurance benefits that were lost, after action in Congress.
• Pelosi rejects extending Bush-era tax cuts
• Senate Democrats shelve carbon-cap bill
• Initial U.S. jobless claims rise to 464,000
• Economic insecurity is at 25-year high
• In Ben we trust (24/7 Wall St.)
'Digits'
— Watch It Live
Motorola rally may be short-lived
Its stock has been on a tear lately, but the good times may not last for the smartphone maker, writes Therese Poletti.
TECHNOLOGY: MULTIMEDIA HIGHLIGHTS
• U.S. mobile Web use slowly catching up
• Finding music in video games
• Android phones a worthy iPhone rival?
• Full menu of MarketWatch podcasts
Its stock has been on a tear lately, but the good times may not last for the smartphone maker, writes Therese Poletti.
TECHNOLOGY: MULTIMEDIA HIGHLIGHTS
• U.S. mobile Web use slowly catching up
• Finding music in video games
• Android phones a worthy iPhone rival?
• Full menu of MarketWatch podcasts
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Commentary »
- Next: Kristen Gerencher's Vital Signs
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Reuters
Tally-ho! Boeing orders hit $24 billion
The Chicago-based aerospace giant rings up large orders this week at the Farnborough International Airshow. The orders, from leasing companies and Middle Eastern airlines — but also from Asian and European airlines — reflect renewed demand from airlines.
• Airbus lifts 2010 outlook for orders to more than 400
The Chicago-based aerospace giant rings up large orders this week at the Farnborough International Airshow. The orders, from leasing companies and Middle Eastern airlines — but also from Asian and European airlines — reflect renewed demand from airlines.
• Airbus lifts 2010 outlook for orders to more than 400
Inside MarketWatch »
Reuters
Tourism hit may be $23 billion
BP's oil spill could ruin an area highly reliant on money from travel and hospitality, with 400,000 jobs in the business, study says.
• Well cap can survive tropical storm, U.S. says
• ConocoPhillips sets $1.1 billion refinery charge
HOUSING
Ripping the Band-Aid off housing
Band-Aid — a.k.a. home-buyer subsidies — has been ripped off the housing market, and blood
is now gushing. (First Take)
• Existing-home sales fall 5.1%
• Bank reform delivers mortgage aid
• Fixed-rate mortgages hit record lows
South African
rand surges
Currency rallies following decision by central bank to
hold steady on rates.
Techs and telecom
Nokia bets on Symbian 3
It says the Symbian 3 smart-phone operating software could tip scales in its favor in the U.S., where it has struggled to establish a key presence.
• Nokia's second-quarter profit tumbles 40%
• A brand-equity squanderer (DailyFinance)
• Therese Poletti: Motorola's rally may peter out
• Baidu wows investors with quarterly growth
DEAL NEWS
GM back in subprime game
Move to buy AmeriCredit will pay off if auto maker sticks to auto loans rather than branching out
into subprime mortgages, analysts say.
• General Motors to acquire AmeriCredit
ASIA
Wireless in transition
Asian telecom market is undergoing a transition, as more in the region approach maturity after years of fast growth led by an increase in subscribers.
• State-owned firms and bribery (Caixin Online)
• Funds lose big in second quarter (Caixin Online)
In Personal Finance »
MUTUAL FUNDs weekly
'Killer Bs'
If regulators stick to their guns, fund investors will get a break on fees. But what took so long?
YOUR PORTFOLIO
Tax-sensitive bond funds are
costly — and they're risky
On paper, so-called tax-aware bond funds look ideal for any working person’s portfolio, concedes Robert Powell. He recommends a closer look.
• Find your ideal investing style (Minyanville)
CONSUMERS
America's getting nervous
Worried about finances? Join the club. Insecurity
is at its highest point in 25 years, report says.
• Bank reform: Mortgage aid for the unemployed
• Bring back the estate tax, billionaires say
Video and Radio »
'Cap and trade' shelved
Senate Majority Leader Harry Reid is setting aside efforts to include "cap and trade" as part of energy bill, dealing a blow to one of President Barack Obama's major domestic priorities.
Nonprofit insurers hoard cash
Some insurers are holding billions of dollars in cash, yet they still hit consumers with double-digit premium hikes. Kristen Gerencher (left) talks with Sondra Roberto, Consumers Union attorney.
• Vital Signs: Health insurers hoard surpluses
Appraising sunglasses
Brett Arends tells Adam Najberg how to spot the differences between $20 sunglasses and sunglasses that cost 10 times that much.
Is Samsung's Android worthy?
Walt Mossberg takes a look at Samsung's Galaxy S smart phone, which runs on Google's Android.
Senior service
Jennifer Kushinka susses out travel bargains geared toward senior citizens.
Get curves like Beyoncé
Upstart Booty Pop thinks it has the answer for women who want a Beyoncé or J-Lo silhouette.
Bad news about the bottom
Citi survey finds 62% of Americans think we have yet to see the worst for the economy.
Satellites show growing oil spill
Two NASA satellites began capturing images of
the oil spill in the Gulf of Mexico on April 20 and reveal a space-based view of the disaster.
• 'Seepage' raises few alarms
Investors' glass half-empty
Though companies are reporting strong profits, investors remain focused on the economy's
stalled recovery, reports Bob O'Brien.
• Stock charts vs. spreadsheets
Lemond speaks out on doping
Cyclist Greg Lemond says he believes there is overwhelming evidence against Lance Armstrong in the federal doping investigation.
Flight to quantity
Increasing use of charter flights could indicate
the economic recovery is finally taking off.
Paris commits
a faux plage
"Paris-Plages," now in its ninth season, brings beaches to people who can't bring themselves to the beach. But the popularity of the riverside retreats has proved broader than the city ever anticipated.
How to price your home to sell fast
Chances are your house is not going to bring the price you had hoped. Here's how to deal with the harsh reality of today's market.
• Why lenders don't like short sales and what you can do about it
Chances are your house is not going to bring the price you had hoped. Here's how to deal with the harsh reality of today's market.
• Why lenders don't like short sales and what you can do about it
Retirement »
Retirement may bring lifestyle downgrade
Many Americans are going to either run out of money -- or lifestyle --
when they retire, writes Robert Powell.
• Retirement investing today | MarketWatch Guide to Retirement
Many Americans are going to either run out of money -- or lifestyle --
when they retire, writes Robert Powell.
• Retirement investing today | MarketWatch Guide to Retirement
Kristen Gerencher
Vital Signs