Yellen: Fed monitoring recent weaker economic data
Federal Reserve Chair Janet Yellen noted Thursday that some recent economic data have pointed to weaker-than-expected gains in consumer spending and job growth. She said the Fed will be watching to see ...
6 mins agoWhat investors need to know about Ukraine
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T-Mobile: how to separate a great product and a great CEO from a less than great stock.
6 mins agoTesla to Texas: How do you like us now?
Tesla may be locating a massive Gigafactory in Texas for producing lithium-ion batteries and electric storage applications.
6 mins agoThe Wolf of Wall Street: Fact vs. Fiction
The Reformed Broker himself Josh Brown gives us an insider look into Jordan Belfort's debauched time running Stratton Oakmont
6 mins agoYour information for sale: the illicit online marketplace
Welcome to the shadowy “deep Web,” where, along with drugs, weapons and hit men, one can purchase access to credit cards, online bank accounts, personal and corporate email accounts, health insurance information and much more.
6 mins agoDream of U.S. Oil Independence Slams Against Shale Costs
It will take 2,500 new wells a year just to sustain output of 1 million barrels a day in North Dakota's Bakken shale, according to the Paris-based International Energy Agency. Consider Sanchez Energy Corp. The Houston-based company plans to spend as much as $600 million this year, almost double its estimated 2013 revenue, on the Eagle Ford shale formation in south Texas, which along with North Dakota is one of the hotbeds of a drilling frenzy that's pushed U.S. crude output to the highest in almost 26 years. Its Sante North 1H oil well pumped five times more water than crude, Sanchez Energy said in a Feb. 17 regulatory filing. "We are beginning to live in a different world where getting more oil takes more energy, more effort and will be more expensive," said Tad Patzek, chairman of the Department of Petroleum and Geosystems Engineering at the University of Texas at Austin.
6 mins agoThe two very different sides of J.C. Penney
J.C. Penney might be back from the dead but Brian Sozzi of Belus Capital Advisors breaks down the two sides of the company and points out there are still rough waters ahead.
6 mins agoFreddie Mac profit moves U.S. housing bailout further into black
Freddie Mac (FMCC) said on Thursday it will soon send the U.S. Treasury a $10.4 billion dividend after posting a ninth straight quarterly profit, putting taxpayers further into the black on their bailout of the mortgage giant. When it makes the payment next month, Freddie Mac will have paid about $81.8 billion in dividends in return for the $71.3 billion in support it received from the Treasury when it was bailed out during the financial crisis. Freddie Mac and sibling company Fannie Mae (FNMA) have operated under federal conservatorship since 2008. The duo, which had been teetering on the brink of insolvency, must now turn over any profits to the Treasury as dividends on the controlling stake the government took when it bailed them out.
6 mins agoSam's Club, sensing Amazon threat, tests online subscription service
Sam's Club is quietly testing a new subscription service that allows customers to order items like diapers and printer cartridges online, a sign that Web retailers are posing a threat in areas of retail that were once considered relatively safe. Called "My Subscriptions," the service mirrors Amazon.com Inc.'s Subscribe & Save program, which was launched in 2007 and has given the Internet retailer a foothold in sales of basic consumer products. Sam's Club, a unit of Wal-Mart Stores Inc., is launching the service as Amazon prepares to move deeper into the business itself. Until now, warehouse clubs like Sam's had been mostly insulated from the onslaught of online retailers like Amazon.
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Calendar
| Event | Est | Actual | Time (ET) |
|---|---|---|---|
| Best Buy | BMO | ||
| Durable Goods Orders | (1.5%) | (1%) | 8:30AM |
| Jobless Claims | 335K | 348k | 8:30AM |
| Event | Est | Time (ET) |
|---|---|---|
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