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.
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: 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.
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'Mad Money' Lightning Round: I Like CVS Over Rite Aid
Cramer wants you to wait on Corning and AT&T and he's watching Oracle.
National Top Stories
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Stocks Poised for 3-Day Losing Streak as Fed Signals Curbs
Stocks action is weak Friday as investors sell on indications Fed may cutback on quantitative easing program.
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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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TheDeal: Duke Energy Joins With Alinda for Fiber Offering, Sources Say
Duke Energy and Alinda Capital Partners are bringing the power company's telecom fiber unit known as DukeNet Communications to market, sources said.
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TheDeal: Loeb Treads Close to the SEC's Line
Loeb's public call for a spin-off of Sony Entertainment moved the stock considerably, making his 6.5% stake in Sony worth a good deal more.
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Cash Dividend On The Way From BMO Covered Call Dow Jones Industrial Average Hedged To CAD ETF (ZWA)
On 5/28/13, BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF (TSX: ZWA. O) will trade ex-dividend, for its monthly dividend of $0.073, payable on 6/6/13.
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 were poised for a third day of losses Friday amid concern the Federal Reserve may wind down its stimulus program, and data showed weakness in China's manufacturing base.
The S&P 500 was falling 0.41% to 1,643.71 while the Dow Jones Industrial Average was slipping 0.24% to 15,258.29. The Nasdaq was dipping 0.37% to 3,446.69.
The downward momentum in global equity markets began Wednesday after Federal Reserve Chairman Ben Bernanke indicated the central bank may be ready to curb its bond buying if economic conditions improve. Bernanke said the Fed would move slowly, and only on the condition that there was strong evidence of an economic improvement. But traders have chosen to sell anyway especially after the speedy run-up of the S&P 500 to record levels.
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