Stocks closed broadly lower Friday after the latest unemployment and factory reports added to the evidence supporting a sluggish U.S. recovery. Light volume going into the July 4th holiday weekend means next week's trading will be more telling.

Continue reading Stocks Limp to Losses on Weak Jobs and Factory Data

Stocks Limp to Losses on Weak Jobs and Factory Data originally appeared on DailyFinance on Fri, 02 Jul 2010 16:30:00.

Filed Under: Economy, Investing, NYSE, Video

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AVT has been accused of supplying former Mets outfielder Lenny Dykstra with over $250,000 to promote its shares on TheStreet.com and provide access to the site's founder and "Mad Money" host Jim Cramer. Now ATV is fighting back.

Continue reading Jim Cramer, Lenny Dykstra Debacle Leads to Libel Suit

Jim Cramer, Lenny Dykstra Debacle Leads to Libel Suit originally appeared on DailyFinance on Fri, 02 Jul 2010 11:14:00.

Filed Under: People, Investing, Stock Picks

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German lawmakers in the lower house of parliament passed a bill banning naked short-selling of eurozone government bonds, credit default swaps based on those bonds and stocks in German companies.

The bill aims to counter volatility of the euro currency, Bloomberg BusinessWeek reported.

"Naked short-selling leads to incalculable speculative risks," Leo Dautzenberg, parliamentary financial policy...

Continue reading German Lower House Passes Bill to Ban Naked Short-Selling

German Lower House Passes Bill to Ban Naked Short-Selling originally appeared on DailyFinance on Fri, 02 Jul 2010 09:50:00.

Filed Under: Economy, Investing, Credit, Currency

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if(typeof AOLVP_cfg==='undefined')AOLVP_cfg=[];AOLVP_cfg.push({id:'AOLVP_us_106608965001','codever':0.1,'autoload':false,'autoplay':false,'playerid':'61371447001','videoid':'106608965001','stillurl':'http://www.blogcdn.com/www.dailyfinance.com/media/2010/07/20100701kumarearningsguidance284x160.jpg?9291','publisherid':1612833736,'width':284,'height':160,'playbutton':false,'bgcolor':''});Investors hoping to turn the page on a lackluster first half of the year were greeted with a slew of downbeat economic data on Thursday. And more turbulence could lie ahead as companies prepare to report second-quarter earnings this month.

Continue reading Weak Outlooks Ahead, Even If Second-Quarter Results Are Strong

Weak Outlooks Ahead, Even If Second-Quarter Results Are Strong originally appeared on DailyFinance on Fri, 02 Jul 2010 09:00:00.

Filed Under: Economy, Investing, Video

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Some of the best reads for investors from around the Web, including posts about why the Standard & Poor's 500 is on its way up, why Warren Buffett's bullish on Tesco, why drug company Dendreon fell 20% in after-hours trading, and why a hamburger is called a hamburger.

Continue reading Daily Blogwatch: Seven Reasons the S&P Will Rise to 1,500

Daily Blogwatch: Seven Reasons the S&P Will Rise to 1,500 originally appeared on DailyFinance on Fri, 02 Jul 2010 08:30:00.

Filed Under: Columns, Economy, Investing, Health Care, Media, Insurance

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The storied firearms maker just reported annual earnings that soared 45% on a 21% leap in revenues to $406.2 million. But the Supreme Court's handgun ruling is most likely to excite investors and entice them to buy S&W's stock.

Continue reading Inside Wall Street: The Supreme Court Gives Smith & Wesson Investors Plenty of Ammo

Inside Wall Street: The Supreme Court Gives Smith & Wesson Investors Plenty of Ammo originally appeared on DailyFinance on Fri, 02 Jul 2010 07:30:00.

Filed Under: Company News, Columns, Investing

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World Cup fever has taken a toll on businesses from Macau to London. According to Macau's Gaming Inspection and Coordination Bureau, the soccer games in South Africa have had the side effect of stripping 20% from Macau casino revenues in June compared with figures for May, reports AFP.

Although gambling is illegal in China, it's extremely popular and takes place everywhere, from mahjong parlors...

Continue reading Illegal World Cup Betting Slams Macau Casino Stocks

Illegal World Cup Betting Slams Macau Casino Stocks originally appeared on DailyFinance on Fri, 02 Jul 2010 07:15:00.

Filed Under: Economy, Investing

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The bill's limits on hedge fund and private equity investments could force Goldman to divest billions in assets, which would lower its earnings. However, the bill also lets banks stretch out their compliance with the new rules by several years, postponing the pain.

Continue reading The Biggest Loser From Financial Reform? Could Be Goldman Sachs

The Biggest Loser From Financial Reform? Could Be Goldman Sachs originally appeared on DailyFinance on Fri, 02 Jul 2010 06:30:00.

Filed Under: Investing, JP Morgan Chase, Goldman Sachs , Bank of America, Citigroup

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According to former Fed chief Alan Greenspan, the economy is following an unusual path in the wake of the worst financial crisis in world history. Small businesses are in deep trouble, firms aren't hiring, and complex global markets are having trouble finding stability.

Continue reading Greenspan: This Is Not a Normal Recovery

Greenspan: This Is Not a Normal Recovery originally appeared on DailyFinance on Thu, 01 Jul 2010 18:00:00.

Filed Under: Economy, People, Investing

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Gold prices suffered their biggest one-day drop since early February after the European Central Bank's emergency funding programs suggested the Continent's financial system may not be as wobbly as initially thought.

Continue reading Gold Loses Its Luster in Thursday Trading

Gold Loses Its Luster in Thursday Trading originally appeared on DailyFinance on Thu, 01 Jul 2010 15:17:00.

Filed Under: Investing, Biz Brief

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if(typeof AOLVP_cfg==='undefined')AOLVP_cfg=[];AOLVP_cfg.push({id:'AOLVP_us_101550985001','codever':0.1,'autoload':false,'autoplay':false,'playerid':'61371447001','videoid':'101550985001','stillurl':'http://www.blogcdn.com/www.dailyfinance.com/media/2010/07/20100621hutheesingkramerubdertheradarpic284x160.jpg','publisherid':1612833736,'width':284,'height':160,'playbutton':false,'bgcolor':''});Worries are building about the prospects for China's economy, but GameChangerStocks.com's Hilary Kramer says there are some good long-term opportunities for investors. Her stock picks: Two non-Chinese companies invested heavily in China.

Continue reading Under the Radar: Infrastructure Stocks Focused on China

Under the Radar: Infrastructure Stocks Focused on China originally appeared on DailyFinance on Thu, 01 Jul 2010 10:00:00.

Filed Under: Investing, Video

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The U.S. Department of the Treasury today announced the sale of approximately 1.1 billion shares of Citigroup (C) common stock as it's trying to recoup some of the cost of $700 billion financial bailout.

To date, the Treasury says has sold a total of approximately 2.6 billion shares of Citigroup common stock at an average price per share of $4.03, and has received total gross proceeds of...

Continue reading Government Sells 1.1 Billion Citigroup Shares

Government Sells 1.1 Billion Citigroup Shares originally appeared on DailyFinance on Thu, 01 Jul 2010 09:18:00.

Filed Under: Company News, Investing, Citigroup, Biz Brief, Stocks in the News

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Yahoo's board gave the go-ahead for massive stock repurchases over the next three years. It's yet another attempt by CEO Carol Bartz to appease investors and get the stock, which has largely remained stagnant in the low- to mid-teens, going again.

Continue reading Yahoo Approves $3 Billion Stock Buyback Program

Yahoo Approves $3 Billion Stock Buyback Program originally appeared on DailyFinance on Thu, 01 Jul 2010 08:50:00.

Filed Under: Company News, Technology, Investing, Yahoo

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Some of the best reads for investors from around the Web, including posts about the Standard & Poor's 500 reaching its lowest price-per-earnings ratio ever, a biotech stock with the potential to quintuple in value and the market price of Marilyn Monroe's chest and pelvis X-rays.

Continue reading Daily Blogwatch: What Marilyn Monroe's Chest X-rays Are Worth

Daily Blogwatch: What Marilyn Monroe's Chest X-rays Are Worth originally appeared on DailyFinance on Thu, 01 Jul 2010 08:30:00.

Filed Under: Energy, Technology, Columns, People, Investing, Media

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Constellation Brands (STZ) reported better than expected fiscal first-quarter earnings Thursday morning, thanks in part to a more favorable tax situation. While revenue figures were below Wall Street's estimates, the company also raised its full-year earnings guidance.

The wine and spirits company reported net income of $49.1 million, or 22 cents per share, in its fiscal first quarter, which...

Continue reading Constellation Brands Earnings Top Estimates; Updates Guidance

Constellation Brands Earnings Top Estimates; Updates Guidance originally appeared on DailyFinance on Thu, 01 Jul 2010 08:15:00.

Filed Under: Investing, Earnings, Biz Brief, Stocks in the News

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Amazon has been one of the most resilient Internet stocks. But now, with the iPod, iTunes and iPad, Apple is seriously threatening Amazon's key strength -- its control over online sales of media. That's why the tumble in Amazon's stock could mark a turning point.

Continue reading Amazon's Value Is Fading in the Age of Apple

Amazon's Value Is Fading in the Age of Apple originally appeared on DailyFinance on Thu, 01 Jul 2010 08:00:00.

Filed Under: Technology, Investing, Apple, Amazon.com

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Smith & Wesson (SWHC) shares jumped over 2.5% in after-hours trading after the company posted better-than-expected fourth-quarter results and forecast first-quarter revenue that was above analyst estimates.

In the fiscal fourth quarter ending on April 20, Smith & Wesson earned $2.7 million or 4 cents a share, compared with earnings of $7.4 million or 14 cents a share, in the year ago...

Continue reading Smith & Wesson Beats Estimates in Fourth Quarter

Smith & Wesson Beats Estimates in Fourth Quarter originally appeared on DailyFinance on Thu, 01 Jul 2010 07:25:00.

Filed Under: Investing, Earnings, Biz Brief, Stocks in the News

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Shares continued to slide in Asia Thursday. In Japan the Nikkei 225 Index sank 2% to 9,192 and in China the Shanghai Composite lost 1% to end the day at 2,374. The Hong Kong Stock Exchange was closed today in celebration of SAR Establishment Day commemorating the end of British control of the territory in 1997.

In Japan, investors were spooked by both the recent slowdown in Chinese manufacturing...

Continue reading Japanese Shares Tumble, Sony Stung by Melting Computers and Toyota Faces More Recalls

Japanese Shares Tumble, Sony Stung by Melting Computers and Toyota Faces More Recalls originally appeared on DailyFinance on Thu, 01 Jul 2010 07:00:00.

Filed Under: Economy, Investing

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Goldman Sachs's second in command, Gary Cohn, testified before the federal financial crisis commission on Wednesday. He came across as surprisingly clear -- and even charming -- as he explained Goldman's "no denial" accounting practices.

Continue reading Financial Crisis Commission Testimony: Goldman's Cohn Defends Derivatives

Financial Crisis Commission Testimony: Goldman's Cohn Defends Derivatives originally appeared on DailyFinance on Wed, 30 Jun 2010 20:05:00.

Filed Under: Economy, Investing, Goldman Sachs

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The stock market ended the second quarter with a whimper Wednesday as all three major averages collapsed late in the session. It was a fitting end to a lousy three months and first-half for stocks.

Continue reading Stocks Falter in Late Trading, Flop in First Half of Year

Stocks Falter in Late Trading, Flop in First Half of Year originally appeared on DailyFinance on Wed, 30 Jun 2010 16:15:00.

Filed Under: Economy, Investing

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