NEW YORK (Reuters) – U.S. stock index futures edged lower on Tuesday, after the Dow and S&P marched to new record highs and the Nasdaq topped the 5,000 mark for the first time in 15 years.
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US new home sales fall slightly in January
WASHINGTON (AP) — Sales of new U.S. homes were basically flat in January, evidence that recent job gains and relatively low mortgage rates have yet to spur the real estate market.
11 stocks hedge funds and mutual funds love now – CNNMoney
CNNMoney11 stocks hedge funds and mutual funds love nowCNNMoneyThe investment bank did an analysis of the top stocks currently held in over 850 hedge funds and over 700 mutual funds that are actively managed. Three notable trends emerged: 1. Most funds aren't betting on a market crash: Hedge fund investors can bet ……
Jeff Reeves’s Strength in Numbers: The only 5 investments you need to own
One small group of ETFs offer a good opportunity for investors right now, says Jeff Reeves.
Could Oil Prices Plummet A Second Time?
Are oil prices heading for a double dip? The surge in shale production has produced a temporary glut in supplies causing oil prices to experience a massive bust. After tanking to a low of $44 per barrel in January, falling rig counts and enormous reductions in exploration budgets have fueled …
The oil deal caught in sanctions crossfire
Fridman fears precedent will be set after UK says it will probably block his acquisition of fields
The American economy: Steady on
THE LAST few weeks have seen a flurry of good data about the America economy. Firms added more than 1m new jobs, in net terms, in the three months to January, the best showing since 1997. At 5.7{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540}, America’s unemployment rate is now one of the lowest in the OECD, a …
US Dollar Strength Tentative, Selective at Best
Event risk is heavy the next few days, although today may be a lull in the storm.
Gold Stalls Near 1200, SPX 500 Remains Locked in Range
Gold prices have stalled near the $1200/oz figure while the SPX 500 remains in digestion mode after hitting a new record high last week.
Nasdaq 5K only important in symbolism: Analyst – CNBC
Charlotte ObserverNasdaq 5K only important in symbolism: AnalystCNBCWhile many are rejoicing over the Nasdaq's close above 5,000 for only the third time in its history, analyst Peter Boockvar isn't impressed. "If you look at the S&P 500 and the Dow Jones, they've exceeded their inflation-adjusted 2000 high. …
Artist Nelson Shanks, 67, works on a portrait of former
President Clinton’s portrait hanging in the National Portrait Gallery in Washington, D.C., includes a subtle reference to the Monica Lewinsky scandal, according to reports. Bill Clinton portrait may include Lewinsky reference President Clinton’s portrait hanging in the National Portrait Gallery in Washington, D.C., includes a subtle reference to …
Sotheby’s Hong Kong to offer an outstanding Guan Vase from the Southern Song Dynasty
Sotheby’s Hong Kong Chinese Works of Art Spring Sales 2015 will take place on 7 April at Hall 5, Hong Kong Convention and Exhibition Centre, led by an outstanding Southern Song ‘Guan’ Vase from a Japanese Collection (Expected to fetch in excess of HK$60 million / US$7.7 million) which …
The secrets of the catacombs
The frescoes of an underground Roman cemetery call our knowledge of the past into question and challenge the teachings of the Church, writes Amanda Ruggeri.
Winter Isn’t So Bad When Your Dad Builds You A 55-Foot Luge
By now, it’s safe to say that the East Coast is pretty much over winter. But this dad decided to make the final stretch a lot more bearable for his kids. Joseph Colangelo, a father of three, lives in Cranford, New Jersey. On February 7th, he decided to start building …
HP to acquire WiFi maker Aruba in $3bn deal – The Australian
IBNLiveHP to acquire WiFi maker Aruba in $3bn dealThe AustralianHEWLETT-Packard has agreed to acquire wireless networking company Aruba Networks in a deal valued at roughly $US2.7 billion ($3.45bn), expanding HP's capabilities in the mobile market. HP is offering $24.67 a share, a 1 per cent discount to …
Toronto Real Estate Board demands brokers halt online sales stats
This week, three real estate brokers are cutting off customers’ online access to recent final home sales prices — coveted information that can help buyers and sellers gauge a property’s worth — because of a threat made by the Toronto Real Estate Board that they risk losing their lifeline to…
Sandy Victims Reach First Set of FEMA Flood Insurance Deals
Lawyers for property owners told federal magistrate judges overseeing lawsuits in Brooklyn and Central Islip in New York in a filing Monday that settlements have already been reached in 160 cases. The accords are the first wave of hundreds more expected after some homeowners complained that companies that help provide flood …
Buffalo’s $1 homes aren’t as cheap as they seem
Paying $1 for a house may seem too good to be true — and, in many cases, it is.