Stock Market

9:23am

Tue April 23, 2013
The Two-Way

Apple Beats Wall Street Expectations

Originally published on Wed April 24, 2013 5:37 am

The just-launched Samsung Galaxy S4 smartphone is the latest competition for Apple's iPhone 5.
Greg Wood AFP/Getty Images

Update at 5 p.m. ET:

Reuters reports that Apple has posted better-than-expected second-quarter earnings of $43.6 billion, "reflecting strong sales of the iPad and iPhone." Wall Street had forecast revenue of $42.3 billion, the wire service says.

We pick up our original post here:

Investors are waiting, many not so eagerly, for a look at how Apple for the second quarter.

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2:42am

Mon April 15, 2013
Business

Savvy Investors Pumped By Cicadas' Return

Originally published on Mon April 15, 2013 12:21 pm

Transcript

DAVID GREENE, HOST:

And our last word in business today is: The Cicada Index.

Every 17 years, these nasty, loud, little insects known as Brood 2 cicadas emerge in staggering numbers - as many as on billion per square mile from the Carolinas to Connecticut.

STEVE INSKEEP, HOST:

They have a grinding song. They have an endless appetite for vegetation, and most people along the East Coast dread their arrival. But savvy investors know better.

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3:49pm

Thu April 11, 2013
Business

Japan's Big Stimulus Move Shocks Globe's Market Watchers

Passersby watch share prices spike in Tokyo on April 4, the day Japan's central bank announced a massive purchase of government bonds. The bank hopes the scale of the effort will boost Japan's slow-moving economy.
Yoshikazu Tsuno AFP/Getty Images

Currency traders were stunned last week by aggressive action from Japan's central bank. The Bank of Japan embarked on a bond-buying program that, by one measure, is twice the size of the extraordinary moves by Ben Bernanke and the Federal Reserve in the United States. The BOJ's move is an effort to shock the Japanese economy out of more than a decade of sluggish growth and deflation.

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8:47am

Thu April 11, 2013
The Two-Way

Why Does Anyone Care About Minutes Of Weeks-Old Fed Meetings?

Originally published on Thu April 11, 2013 10:30 am

The Federal Reserve's headquarters in Washington, D.C. What goes on inside there is of intense interest to investors.
Karen Bleier AFP/Getty Images

There's been a bit of a brouhaha over the Federal Reserve's inadvertent early release Tuesday evening of minutes from its closed-door March 19-20 policy meeting.

As The Associated Press writes, "employees at JPMorgan Chase, Goldman Sachs Group, Wells Fargo and Citigroup were among those to receive [the] market-sensitive information."

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12:04pm

Tue April 9, 2013
The Two-Way

KPMG Partner May Have Traded Inside Information

Originally published on Tue April 9, 2013 1:20 pm

KPMG has withdrawn as auditor of Herbalife and Skechers USA after the accounting firm revealed that one of its partners may have sold inside information on the companies to a third-party stock trader.

Nutrient-supplement seller Herbalife briefly halted activity in its shares after the revelation, only reopening trading Tuesday afternoon. The company's stock was down 21 cents at $38.18 Tuesday. The broader market was mixed.

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