Local Business News
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.
National Top Stories
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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.
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Shares Of MBG Now Oversold
In trading on Friday, shares of the SPDR Barclays Mortgage Backed Bond ETF entered into oversold territory, changing hands as low as $26.94 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
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EBND Crowded With Sellers
In trading on Friday, shares of the SPDR Barclays Emerging Markets Local Bond ETF entered into oversold territory, changing hands as low as $32.30 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
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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.
U.S. Small Business
Small Businesses Need Disaster Recovery Plans
Whether it's a tornado, a hurricane or the toilet exploding, small businesses should always have disaster recovery plans in place.
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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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Veterans to Get More Small Business Loans
The U.S. Small Business Administration on Tuesday launched the SBA Veteran Pledge Initiative, a commitment by 20 of the largest banking institutions to increase their lending activity to veterans by 5% per year through 2018.
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How Your Boss Can Help You Save for Retirement
U.S. workers having a tough time with retirement savings may have help from an unlikely source -- their employer.
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Cities Need More Starbucks, Not CityTargets
By not innovating now, brick and mortar retail such as Target poorly prepares itself to respond to inevitable disruption.
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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.
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.
Energy & Green Business
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.
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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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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.
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Dicker: Refiners Continue Their Bull Run
Dan Dicker talks to Jim Cramer about the massive rally in the refiners and why it's not quite ready to end.
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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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Dicker: Natural Gas Is Going to $5
Dan Dicker reiterates his call of $5 natural gas by the fourth quarter and gives Jim Cramer a few stock ideas.
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.
Jim Cramer's "Mad Money"
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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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'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.
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Cramer's 'Mad Money' Recap: Ignore the Fed
What Ben Bernanke says may have some effect on the market, but not much, Cramer said.
Investing Tips
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4 Big Stocks Ripe for a Sharp Pullback
These stocks could turn out to be the biggest laggards of 2013.
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3 Tech Stocks Spiking on Big Volume
Unusual volume can be a major signal that hedge funds and momentum traders are piling into a stock ahead of a catalyst.
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5 Stocks Soaring on Unusual Volume
Often when above-average volume moves into an equity, it precedes a large spike in volatility.
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5 Stocks Poised for Breakouts
These stocks look ready to break out and trade higher from current levels.
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5 Dividend Stocks Getting Ready to Hike Payouts
These dividend stocks could be about to raise their dividends in the next quarter.
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.
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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