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| Latest stock market news from Wall Street - CNNMoney.com |
| Greece worries weigh on U.S. stocks Wed, 16 May 2012 16:52:38 EDT Following a positive start, U.S. stocks closed in the red for a fourth straight session Wednesday, as investors weighed strong U.S. economic data against ongoing uncertainty about Greece's political situation. |
| Short-seller Einhorn targets Amazon and Martin Marietta Wed, 16 May 2012 19:35:13 EDT Noted short-seller David Einhorn targeted Amazon and Martin Marietta Materials on Wednesday but was curiously silent on Herbalife. |
| Is Greece the Lehman of 2012? Wed, 16 May 2012 14:04:36 EDT With apologies to John Lennon: Imagine a eurozone without Greece. It's easy if you try. |
| FBI opens JPMorgan investigation Wed, 16 May 2012 16:43:13 EDT The director of the Federal Bureau of Investigation said Wednesday that the agency has opened an investigation into JPMorgan Chase, the nation's largest bank. |
| European leaders scramble to contain Greek debt crisis Wed, 16 May 2012 13:56:27 EDT Leaders across Europe rushed to try to reassure nervous investors Wednesday that they were working to prevent Greece from an unprecedented exit from the eurozone and the damage that might cause for other troubled European economies. |
| J.C. Penney stock plunges on dismal earnings Wed, 16 May 2012 16:25:16 EDT Investors jettisoned J.C. Penney on Wednesday after a dismal earnings report, following the first full quarter with a former Apple executive at the helm. |
| Should you buy Facebook? Wed, 16 May 2012 14:09:38 EDT Facebook's IPO is causing a frenzy among investors eager to get a piece of the social networking website. |
| The hedge funds profiting off JPMorgan's trades Wed, 16 May 2012 10:31:16 EDT |
| J.C. Penney stock sinks on falling sales Wed, 16 May 2012 10:38:33 EDT J.C. Penney gave investors two reasons to ditch the stock: the retailer said Tuesday that it is suspending its dividend and that sales are dropping dramatically. |
| Buffett discloses new stake in GM, Viacom Tue, 15 May 2012 18:22:38 EDT Warren Buffett's Berkshire Hathaway built new positions in General Motors and Viacom during the first three months of 2012. |
| Contagion risks grow Tue, 15 May 2012 14:07:11 EDT The threat of contagion in Europe deepened Tuesday, when Greece announced it would hold new elections in June after failing to form a coalition government. |
| Facebook IPO is no safe haven Tue, 15 May 2012 12:52:03 EDT Facebook isn't exactly picking the best time to go public. But it looks like it probably won't matter. |
| Avon's stock plunges 10% after Coty pulls out Tue, 15 May 2012 12:21:25 EDT Shares of Avon tumbled 10% Tuesday after Coty withdrew its $10.7 billion bid for the direct selling company, putting an end to Coty's dogged pursuit of the troubled direct retailer. |
| Carlyle earnings: It's all about the distributions Tue, 15 May 2012 07:22:08 EDT Private equity firm The Carlyle Group this morning released its first quarterly earnings since going public, reporting $179 million in distributed income for the first quarter. It also reported $3.8 billion of net proceeds to fund investors. |
| Seniors clamoring to invest in Facebook IPO Tue, 15 May 2012 10:52:37 EDT Senior citizens may represent one of the smallest segments of Facebook's 900 million users, but at least one group is eager to invest in this week's IPO. |
| 5 reasons to be bullish on stocks Thu, 14 Jul 2011 08:59:58 EDT Debt ceiling debates! European fiscal mayhem! High unemployment! Don't let it get you down. Your portfolio may survive just fine. |
| Don't bank on stress relief in Europe Thu, 14 Jul 2011 06:38:34 EDT Friday is shaping up as another missed opportunity to defuse the European debt crisis. |
| 10-year yield jumps back above 3% Tue, 14 Jun 2011 16:20:54 EDT Treasuries sold off Tuesday in the wake of better-than-expected retail sales and manufacturing data, pushing the benchmark 10-year yield to its highest level since late May. |
| Bulls face 1st quarter earnings test Mon, 11 Apr 2011 17:27:01 EDT The quarterly celebration known as earnings season gets underway this week, and investors are eager to see how a resurgent Corporate America is coping with rising energy and commodity prices. |
| Yen stabilizes after hitting record high Thu, 17 Mar 2011 16:51:19 EDT The dollar strengthened against the Japanese yen Thursday ahead of a conference call of G-7 finance ministers that might be the first step toward intervention by Japanese authorities in currency markets. |
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| Word of the day |
Merriam-Webster's Word of the Day for May 17, 2012 is:
maffick • \MAF-ik\ • verb
: to celebrate with boisterous rejoicing and hilarious behavior
Examples:
Fans mafficked for hours outside the stadium, celebrating the team's dramatic victory in the division championship.
"In half an hour, after the mildest of mafficking, the last visitors of the exhibition's last day had gone out of the gates and the staff began their final acts of closing up shop." — From an article in The Guardian (London), October 1, 2011
Did you know?
"Maffick" is an alteration of Mafeking Night, the British celebration of the lifting of the siege of a British military outpost during the South African War at the town of Mafikeng (also spelled Mafeking) on May 17, 1900. The South African War was fought between the British and the Afrikaners, who were Dutch and Huguenot settlers originally called Boers, over the right to govern frontier territories. Though the war did not end until 1902, the lifting of the siege of Mafikeng was a significant victory for the British because they held out against a larger Afrikaner force for 217 days until reinforcements could arrive. The rejoicing in British cities on news of the rescue produced "maffick," a word that was popular for a while, especially in journalistic writing, but is now relatively uncommon.