market

Free markets have allowed the West to have unprecedented economic growth and send standards of living up and up, year after year. We often forget that things that we consider everyday items now, not even the richest among us possessed 100 years ago. John D. Rockefeller was one of the richest men to ever live, …

Even The Big Board appears to agree that the IPO business is in trouble. After turning down a similar rule change in December, the Securities and Exchange Commission on Wednesday OK’d an application from the New York Stock Exchange to change how direct listings can be done on the country’s largest ticker temple. Companies looking …

Amazon has unveiled its next move in its quest to eliminate the supermarket checkout line. The e-commerce giant on Thursday said it is opening a high-tech supermarket in Los Angeles which will be equipped with sensors and cameras that will allow customers with shopping carts to walk out without stopping to pay a cashier. The …

Apple became the US’s first $2 trillion company on Tuesday — almost two years to the day after it became the first company in the world to reach the $1 trillion mark. The iPhone maker reached the latest milestone when its stock crossed the $467.77 mark just before 11 a.m. Tuesday. The company has 4,275,634,000 …

The S&P 500 hit a fresh all-time high Tuesday as the US stock market continued its dizzying rally in spite of the coronavirus pandemic and the economic crisis it has caused. The benchmark index climbed about 0.3 percent to a peak of 3,394.02 in early trading, surpassing the previous intraday record of 3,393.52 reached on Feb. …

The conventional Wall Street C-suite wisdom is that Joe Biden and Kamala Harris will be moving to the White House next year, and that President Trump is trailing so badly in the polls that he simply won’t be able to overcome the pandemic and the recession it has created. Funny — that’s not what another …

The 1990s were simpler times. The news was dominated by Bill Clinton’s various sexual escapades, but also a bubble in internet-related stocks that was partly fueled by the democratization of stock trading. The latter inflated the stock market generally, and if you’re old enough to remember, pretty much crashed it. Newbie investors took the brunt …

Mom-and-pop investors spending their stimulus checks on no-fee trading apps like Robinhood weren’t all winners in the June rally they fueled, but one Wall Street firm that executed their trades appears to have made out big. Virtu Financial, a $10 billion Manhattan-based provider of trading services, announced gangbuster trading income on Friday, which Wall Streeters …

The Securities and Exchange Commission is probing Kodak’s handling of material information about the startup pharmaceutical business it’s launching with the help of Uncle Sam.  According to the Wall Street Journal, the regulator is examining whether Kodak jumped the gun on a July 28 announcement that it had received a $765 million federal loan to …

Apple is putting its longtime marketing boss out to pasture. Phil Schiller, who has been with the company since 1987 and was a trusted lieutenant of Steve Jobs, is departing his role as senior vice president of worldwide marketing and will instead be an “Apple Fellow,” the company said in a blog post. Schiller will …