The 5 Dumbest Things on Wall Street This Week: May 24
In-flight needs of Abercrombie's CEO; Rupert Murdoch nurses a grudge; a Senate committee convenes to point out its own ignorance; and that's not all.
BusinessRockford.com
Don't Miss
Memorial Day Gas Pumps Cheaper Than 2012
Gas prices are cheaper this Memorial Day weekend than last year, and they could be headed lower this summer.
The Mystery of Meg Whitman's HP
It's still hard to see what a highly profitable Hewlett-Packard might look like.
5 Great Outdoor Brunches Across the U.S.
Nothing beats brunch on a fabulous patio or in the courtyard of one of the nation's top restaurants and hotels.
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Millennials Won't Be Debt Free Until They Die
The real culprit is credit card debt, which stifles economic growth of younger Americans, a study says.
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Hard Truth: 'Work-Life' Balance Is Way Overrated
If everyone spent their time just perusing happiness, nothing would get done.
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7 Things Students and Parents Should Do Before College Starts
College should keep kids plenty busy. So they'd better be prepared fiscally before classes start.
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5 Memorial Day Alternatives In Troubled Hotspots
Memorial Day has healing potential for stricken spots across the country.
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5 Great Outdoor Brunches Across the U.S.
Nothing beats brunch on a fabulous patio or in the courtyard of one of the nation's top restaurants and hotels.
Your Career
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Hard Truth: 'Work-Life' Balance Is Way Overrated
If everyone spent their time just perusing happiness, nothing would get done.
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5 Things to Know About Small Business This Week: May 24
The SBA steps up lending to military veterans; Google plans to transform small business; is there disaster aid for Okla. small businesses?; Quiznos/Smashburger founders' debut pizza concept; young employees' need mentoring.
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What You Wear to the Office Still Matters
A study shows 80% of U.S executives still say clothing choices are a big factor in hiring and promotions
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14 Good Jobs That Don't Require a College Degree
New study identifies good careers where a high school diploma is enough.
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The Deal: Airline Unions Sign Pact To Ward Off Teamsters
Unions representing US Air and American ground workers agreed to work together to head off a Teamster takeover.
Jim Cramer's Investing Ideas
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Cramer's 'Mad Money' Recap: Life Lessons
Cramer tells how he came to make the markets his life and where he got his most valuable lessons about money and investing.
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Cramer: Looks Like We're Holding Our Own
The CEO of a railroad giant reveals the U.S. economy to be very much on the right track.
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Cramer's Top Stock Picks: UNP CRM MWE HPQ ECOM
Cramer is riding the Union Pacific, thinks MarkWest is a great MLP and is in the clouds over Salesforce.com.
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'Mad Money' Lightning Round: Lumber Liquidators Is a Buy
Cramer loves ConocoPhillips and thinks Rentech Nitrogen is a keeper.
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Cramer's 'Mad Money' Recap: The Market and the Machines
U.S. markets are no longer bound to other countries, Cramer said, but now the machines are in control.
National Top Stories
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Stocks Decline for Week on Concerns Fed Will Curb Stimulus
The S&P 500 declined for the first week in five on Friday, paring the index's gain for 2013 to 13%.
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Conifex Timber Enters Oversold Territory (CFF)
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.
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IShares Emerging Markets High Yield Bond Fund Breaks Below 200-Day Moving Average - Notable For EMHY
In trading on Friday, shares of the iShares Emerging Markets High Yield Bond Fund ETF crossed below their 200 day moving average of $54.57, changing hands as low as $54.51 per share. iShares Emerging Markets High Yield Bond Fund shares are currently trading off about 0.1% on the day.
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Fundamental Investment Grade Corporate Bond Portfolio Breaks Above 200-Day Moving Average - Bullish For PFIG
In trading on Friday, shares of the Fundamental Investment Grade Corporate Bond Portfolio ETF crossed above their 200 day moving average of $25.69, changing hands as high as $25.72 per share. Fundamental Investment Grade Corporate Bond Portfolio shares are currently trading up about 0.6% on the day.
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Notable Two Hundred Day Moving Average Cross - FCA
In trading on Friday, shares of the First Trust China AlphaDEX Fund ETF crossed below their 200 day moving average of $22.78, changing hands as low as $22.50 per share. First Trust China AlphaDEX Fund shares are currently trading down about 1.4% on the day.
Rock River Valley People
Daily Videos
Mobile & Gadgets
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TheDeal: Dish Don't Scare, Feds Say
Dish's efforts to scare off Softbank from buying Sprint aren't valid, say Washington attorneys monitoring the government's investigation.
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Procter & Gamble Replaces CEO Bob McDonald: Ahead of the Ticker
Procter & Gamble announces it is replacing Chairman and CEO Bob McDonald with former chief A.G. Lafley.
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Gundlach: 'We Own Apple' (Update 2)
DoubleLine's Jeffrey Gundlach says in an exclusive interview that his portfolio owns Apple, and the stock is priced for no new products.
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Google May Follow Apple on Tax-Dodging Dividend
Google is the biggest company in the U.S. without a dividend, but that may change.
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Pandora Surges on Revenue Strength
Pandora shares are jumping in afterhours trading as investors cheer its revenue results.
Taxes & Regulations
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Tesla Is Just a Winning Stimulus as Fourth U.S. Automaker Emerges
Why taxpayers will only be able to view Tesla as a winning stimulus.
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Why JPMorgan Will Always Be a Better Villain Than Apple
'We love the iPhone and the iPad,' isn't a great way to shame a company.
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Apple Would Do Better Spending that Cash
Apple's should step out of a politically charged debate on taxation and into growth mode.
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Workers Know It: In Retirement Planning, They're On Their Own
Workers are taking responsibility for their finances at levels unseen in recent history, a study shows.
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Why the End of 'Craft' Beer Is Just a Tax Break Away
In this civil war, it's brewer against brewer and the BEER Act against the Small BREW Act in Washington, D.C.
Sports Business
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4 Stocks Moving The Consumer Non-Durables Industry Upward
TheStreet Ratings group highlights 4 stocks pushing the consumer non-durables industry higher today.
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OI, RL, NKE And COH, 4 Consumer Non-Durables Stocks Pushing The Industry Lower
TheStreet Ratings group highlights 4 stocks pushing the consumer non-durables industry lower today.
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Top Insider Trades: RH, AMBI, LULU, CYCC
The top 10 open-market insider purchases and sales filed at the SEC Wednesday.
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Under Armour Reaches New 52-Week High (UA)
Under Armour (NYSE:UA) hit a new 52-week high Wednesday as it is currently trading at $64.96, above its previous 52-week high of $64.47 with 753,172 shares traded as of 11:35 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.
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Lululemon Reaches New 52-Week High (LULU)
Lululemon Athletica (Nasdaq:LULU) hit a new 52-week high Tuesday as it is currently trading at $82.11, above its previous 52-week high of $81.77 with 1.5 million shares traded as of 3 p.m. ET. Average volume has been 2.9 million shares over the past 30 days.
Automotive
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Tesla's Elon Musk: A Financial Wizard
Tesla's DOE loan repayment speaks volumes about CEO Elon Musk's financial savvy.
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Chrysler to Tesla: Not So Fast on Payback Claim
Tesla says it's the only U.S. automaker to repay its federal loans, but Chrysler paid back its loans in 2011.
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Morning Briefing: 10 Things You Should Know
U.S. stock futures fall; Japanese stocks nosedive; HP earnings top estimates; Ford closing plants in Australia; Pandora to report earnings.
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Electric Cars: The Right and Wrong Reasons for Buying
When all is said and done, it's all about the actual driving experience.
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Stocks to Watch: HP, Ford, Sears, Gap
Hewlett-Packard posts first-quarter earnings that top expectations.
Real Estate
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44% of Homeowners With a Mortgage Can't Sell: Zillow
Many homeowners can't afford to sell their homes, constraining supply and prompting a rise in home prices.
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Fannie Freddie Rally Returns With a Vengeance
Fannie shares now up 700% year to date, while preferred shares lag.
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Taubman's Tasty Preferred Shares
The common shares of the shopping-mall owner are expensive, but its preferred shares are worth a look.
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Apax Partners Retreads Rue21 Amid Retail Buyout Boom
Rue21 has agreed to its second buyout by private equity firm Apax Partners.
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Starwood Upgraded as Capital Return Eyed
Hotelier seen sitting on $7 in excess capital that could be returned to shareholders.
Luxury & Leisure
5 Great Outdoor Brunches Across the U.S.
Nothing beats brunch on a fabulous patio or in the courtyard of one of the nation's top restaurants and hotels.
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5 Memorial Day Alternatives In Troubled Hotspots
Memorial Day has healing potential for stricken spots across the country.
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5 Delightful Strawberry Cocktails for Warmer Weather
In honor of National Strawberry month, here are some of the coolest strawberry cocktails being served.
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How Dale Katechis Made Oskar Blues Beer a Can-Do Beer
Here's how a craft brewer converted a town of good ol' boys, made cans a standard and leapt cross-country.
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Food Trends At Their Freshest in San Diego
In Southern California, here's you should eat to catch some of the hottest spring menu trends.
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10 Reasons to Stop Being a Jerk and Drink a Fruit Beer
You'll throw a withered lime into a Corona, but won't try a beer brewed with apricot? Time to rethink that.
Markets
NEW YORK (TheStreet) -- U.S. stocks posted their first weekly decline in five weeks on concern the Federal Reserve may wind down its stimulus program, while data showed weakness in China's manufacturing base, adding to doubts about the pace of the global economic recovery.
The S&P 500 finished down 0.05% to 1,649.61, off 1.07% for the week and posting its first three-day losing streak of the year. The weekly decline was the first since the week ended April 19.
TheDow Jones Industrial Average managed to squeeze into positive territory, settled up 0.06% to 15,303.10 and inching down 0.33% for the week while the Nasdaq closed down 0.01% to 3,459.14, off 1.14% for the week.
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