27 JANUARY, 2016 WEDNESDAY
IT’S ALL ABOUT GROWTH
These 10 cities have the fastest-growing startup scenes — and neither New York nor Silicon Valley made the cut read more…
MIDNIGHT TIME TELLING
Astronomical watches: The whole of the night sky, strapped to your wrist read more…
Jerry Seinfeld’s Porsches expected to fetch millions at auction read more…
STOCK MARKET CLOSE
DJIA 16168.26 +283.04 1.78%
Nasdaq 4567.67 +49.18 1.09%
S&P 500 1903.63 +26.55 1.41%
Gold 1122.30 +16.70 1.51%
Crude Oil 31.31 +0.97 3.20%
CBOE Volatility 22.40 -1.75 7.25%
BOND MARKET CLOSE
|Most recent issues|
from The Street
Stocks Surge as Crude Jumps Above $32
Stocks surged on Tuesday as a rebound in crude oil prices boosted the energy sector and a series of earnings reports lifted broader markets. The S&P 500 was up 1.4%, the Dow Jones Industrial Average added 1.8%, or 277 points, and the Nasdaq gained 1.2%.
West Texas Intermediate crude oil on Tuesday gained 6.1% to $32.18 a barrel, rebounding from another selloff a day earlier. Prices have been under pressure on signs major oil producers such as Saudi Arabia will ramp up production despite massive global oversupply.
TOP BIZ HEADLINES
Amid Pressure, AIG Will Pare Down read more…
So Far, Amazon and Netflix Are Sundance’s Top Buyers read more…
Traders Are Pulling Money From VIX Funds Like Never Before read more…
Johnson & Johnson (JNJ) Earnings Report: Sales Fall Short As Dollar Hurts Revenue read more…
Oil prices to stay near current level throughout 2016, World Bank says read more…
FTSE 100 turns positive as oil rallies above $30 and traders shrug off panic selling in China – live read more…
STOCKS & SECTOR NEWS
The energy sector was the best performer on markets Tuesday. Major oilers including Exxon Mobil (XOM) , ConocoPhillips (COP) , Chevron (CVX) , and Schlumberger (SLB) jumped, while the Energy Select Sector SPDR ETF (XLE) added 3.4%.
In earnings news, Sprint (S) boosted the S&P 500, jumping 22% after reporting a narrower-than-expected third-quarter loss and raising its full-year guidance.
Just take a look at some of the monster movers to the upside in the under-$10 complex from Wednesday, including Memorial Production Partners (MEMP) , which ripped higher by 51.3%; DryShips (DRYS) , which soared higher by 42.3%; Azure Midstream Partners (AZUR) ,which surged by 39.2%; and Globus Maritime (GLBS) , which jumped by 38.8%. You don’t even have to catch the entire move in lower-priced stocks such as these to make outsized returns when trading.
STOCKS TO BUY: TheStreet’s Stocks Under $10 has identified a handful of stocks with serious upside potential. See them FREE for 14-days.
Apple Earnings: iPhone vs the Global Economy :
Much like its product announcements, Apple Inc.’s (AAPL) earnings calls are an event unto themselves. Investors and analysts wait with baited breath for the company to waltz past their expectations and report another bump in revenue and profits.
Why Every Leader Needs Mental Toughness
Mental toughness has been described as the “ability to work hard and respond resiliently to failure and adversity — the inner quality that enables individuals to work hard and stick to their long-term passions and goals.” READ MORE…
How This Program Lets Etsy Businesses Grow Quickly
During last year’s Halloween season, Okolita had to shut down her online Etsy shop, Tree + Vine, after booking as many orders as she could handle — about $14,000 worth, at roughly $60 a pop. “I have long envisioned some sort of machine to help me cut feathers,” says Okolita, who is based in Gray, Maine. “But I realized that might not be superfeasible because I work from my living room and don’t have space for a machine.”
During that Halloween rush, Etsy announced a new program to connect sellers with manufacturers.
READ MORE OF THE STORY FROM ENTREPRENEUR
Meet the big shots who live at 15 Central Park West, the world’s most powerful address
The ultra-luxury condominium on the corner of West 61st St. and Central Park West has been home to a long list of bankers, celebrities, and assorted bold-faced names, including Goldman Sachs CEO Lloyd Blankfein and Sting.
15 CPW architect Robert A.M. Stern was inspired by the great New York apartments of the 1920s, not today’s glassy towers. The building has two sections with 201 units in total, as well as a formal driveway.
Women in finance are doing it all wrong
Where are the women? Not on the trading floor (even though they make better traders). Not in hedge funds. Not in private equity, and not in investment banking generally. Unsurprisingly, they are also rarely to be found on the boards of financial services firms and rarely to be round on executive committees. READ MORE…
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Buzzing off for today. Back in the morning with more biz.
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