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Local Business News
Fed Preview: Bernanke Won't Budge
Ben Bernanke is unlikely to offer any June surprises, as monetary stimulus remains appealing.
National Top Stories
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3 Drug Stocks Poised To Move As Bears Attack
Chris Lau, Kapitall:����The ongoing decline in the S&P 500 index from its recent peak in May 2013 could be the [...]
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IShares DEX All Corporate Bond Index Fund Enters Oversold Territory (XCB)
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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BMO Monthly Income ETF Is Now Oversold (ZMI)
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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Bernanke Positive On Housing, Uncertain on GSE Reform
Federal Reserve Chairman Ben Bernanke said the recent rise in interest rates did not alter his positive outlook for housing.
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Stocks Tumble as Fed Outlines Criteria for Reducing Stimulus
Stocks drop sharply despite the Fed saying it will continue its monthly $85 billion in bonds to help stimulate the economy.
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PlayStation 4 vs. Xbox One: Which is Right For You?
Don't let price alone dictate which addictive device you'll purchase
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Top 10 Companies Hiring Managers This Week
If you are hoping to increase your salary, your best bet is to go into management.
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Older Workers Keep Jobs Because They're More Productive, Educated
By hanging onto their jobs, older workers cost younger workers better pay and retirement savings, a study suggests.
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5 Housing Markets Where You'll Break Even Fast When You Buy
Buying a home seemed too risky to many for a long time, but here are markets where you'd be crazy to rent.
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10 Most Bikeable U.S. Cities
Mass biking isn't just for small cities and college towns -- but it doesn't hurt. Here are 10 places winning medal for the pedal.
U.S. Small Business
Is Now a Good Time to Start a Business?
Being an entrepreneur is easier than ever these days, but is it a good time to launch a business?
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Employers: Entry-Level Applicants Are Just About Useless
They lack the job skills and have no clue what soft skills are needed, but they don't know it, a survey finds.
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The Digital Skeptic: Through Google Glass You See Start of Value on Web
There's actually news that hints at turning the ash and dust of the digital age into something worth something.
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5 Hidden Craft Beer Vacation Destinations
Beer lovers could go again to Denver, Seattle, Boston and Portland, Ore., but why not get creative?
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Fatburger Opens First Restaurant in New York City
Fatburger, the iconic Los Angeles burger chain, has opened its first of 10 restaurants in New York City.
Mobile & Gadgets
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Adobe Jumps, BlackBerry Slumps: Tech Winners & Losers
Adobe shares jumped following a strong earnings report. Blackberry slipped on concerns over sales of its new models falling short. Dish backed away from a bidding war with Softbank over Sprint.
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Facebook Leading Silicon Valley Brain Drain
Twitter dictates the pace, Facebook follows. That's not a good situation if we count Facebook as an innovator in Silicon Valley.
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IBM Bolsters Cloud Arsenal With Social Media
IBM says social media is "ripe" for consumer data analysis and that it has the tools companies need to do this.
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Apple TV Gets a Major Upgrade (Update 1)
Apple announced that HBO Go and WatchESPN would be coming to the Apple TV. That's a major upgrade
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Sprint Takes Game 7 Lead in Dish Battle
Sprint and SoftBank may beat a game-clock on wireless merger efforts.
Energy & Green Business
Cooperman: 'We Have Done Our Homework' on Linn Energy
Linn Energy shares rise on Leon Cooperman's CNBC interview.
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Dicker: Oil Is the New Gold
Dan Dicker tells Jim Cramer why oil prices remain high despite the fundamentals.
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Handing China the Renewable Future
Subsidies are being cut just as China has taken the lead in the renewable energy technology market. The cuts may make China's lead impossible to overcome.
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Cooperman's Omega Advisors Is 'Comfortable' With Linn Energy
Leon Cooperman's Omega Advisors is comfortable with its leading holding in Linn Energy, a letter shows.
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Shorts Battle Over Linn
At Linn Energy, a very aggressive short war is being engaged by Barron's magazine and a research firm looking to make a name for itself.
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Walter Energy Gets Hotter After Morgan Stanley Defense
Morgan Stanley analysts are adamant that there is much more potential to Walter Energy from current, battered price levels.
Don't Miss
223 Miles in Toyota's Tesla-Based SUV
The Toyota RAV4 EV is the ideal around-town commuter SUV, if your commute is in California.
Oracle Still Looks Like a Smart Buy
Ahead of its earnings Thursday, Oracle's current share price may not truly reflects Oracle's long-term value.
5 Housing Markets Where You'll Break Even Fast When You Buy
Buying a home seemed too risky to many for a long time, but here are markets where you'd be crazy to rent.
Jim Cramer's "Mad Money"
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Cramer: Over the LINE
I have never shied away from these kinds of fights.
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Cramer: Get in Shape for a Decline
That's probably the safest way to play it ahead of the Fed.
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'Mad Money' Lightning Round: Loews Is an Absolute Winner
Applied Materials should split, Cramer said, and Enterprise Products Partners will just keep going.
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Cramer's 'Mad Money' Recap: Buys Amid the Rubble
What stocks will rally after the explosion from the Fed's announcement? Cramer has some suggestions.
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Cramer: What Works, What Doesn't
This is all you need to know going into taper time.
Investing Tips
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Bernanke Positive On Housing, Uncertain on GSE Reform
Federal Reserve Chairman Ben Bernanke said the recent rise in interest rates did not alter his positive outlook for housing.
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Tag Team Trade: XRX
Xerox has seen solid momentum lately, which has been supported by management's strategic moves. This is how we would trade it.
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Facebook Leading Silicon Valley Brain Drain
Twitter dictates the pace, Facebook follows. That's not a good situation if we count Facebook as an innovator in Silicon Valley.
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TheStreet Breaks Down the Fed's Announcement
Live analysis of the Fed's policy-making statement and economic projections from FAO Economics' Robert Brusca and TheStreet's Joe Deaux.
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Cooperman: 'We Have Done Our Homework' on Linn Energy
Linn Energy shares rise on Leon Cooperman's CNBC interview.
Automotive
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Ford Opens New China Plant as Analyst Cites China Spending Rise
Ford CEO Alan Mulally, visting Asia this week, oversees the opening of a Chongqing engine plant.
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Morning Briefing: 10 Things You Should Know
U.S. stock futures suggest a flat Wall Street open; Fed concludes its two-day policy meeting; Dish won't submit revised bid for Sprint; FedEx reports earnings.
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223 Miles in Toyota's Tesla-Based SUV
The Toyota RAV4 EV is the ideal around-town commuter SUV, if your commute is in California.
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10 Best Family Cars For Father's Day
When your family's expanding, your car needs to do a lot more than get from Point A to Point B.
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'Unprecedented' $2.5b Cooper Tire Deal Highlights Auto Industry Change
Apollo Tyres' deal for Cooper Tire signals a shift in the auto industry, as U.S. players recover from a near collapse.
Luxury & Leisure
Michelle Obama In a Bottle: Luxury Perfumer Launches With First Lady Inspiration
Seth Kornegay is seeing early success in launching a line of all-natural perfumes, including an Obama homage.
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5 Great Stadiums Making Up for Bad Baseball Teams
The Astros, Marlins, Royals, Mariners and Brewers stink. But their stadiums are wonderful and often cheap to get in.
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9 Fathers Day Gifts When Even the Sky Isn't the Limit
Here are some of the most luxurious new items and gift ideas for dad -- for this year or next.
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5 Hidden Craft Beer Vacation Destinations
Beer lovers could go again to Denver, Seattle, Boston and Portland, Ore., but why not get creative?
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What's Hot in the Hamptons This Summer
Providers of great exercise, juices and dining follow Manhattanites to the beach for the summer.
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7 Gadgets Worth Getting Dad For Fathers Day
Here are some thoughtful items he won't forget by the Fourth of July.
Markets
NEW YORK (TheStreet) -- Major U.S. stock markets turned sharply lower on Wednesday despite the Federal Reserve saying it will maintain its current stimulus program of buying $85 billion per month to help sustain the country's economic recovery.
The Fed's Federal Open Market Committee voted to maintain its current policy by a vote of 10 in favor and 2 against but outlined criteria which will determine when the bank begins to reduce the size and scope of its bond buying program.
The S&P 500 tumbled 1.39% to 1,628.93 while the Dow Jones Industrial Average fell 1.34% to 15,112.27. The Nasdaq dropped 1.12% to 3,443.20.
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