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Stocks were kicking off May in high style Tuesday, posting sharp gains after a much better-than-expected report on U.S. manufacturing activity. The Dow Jones Industrial Average was rising 103 points, or 0.8%, at 13,317, after hitting a four-year high at 13,338. The S&P 500 was up 14 points, or 1%, at 1413, and the Nasdaq was adding 23 points, or 0.7%, at [...]
U.S. stocks were rising in midday action Tuesday following a better-than-expected read on U.S. manufacturing activity.The Dow Jones Industrial Average was up more than 116 points, or 0.9%, at 13,330. The biggest percentage gainers within the Dow were Bank of America (BAC), JPMorgan Chase (JPM) and Intel (INTC). Shares of Bank of America rose 2.59% to $8.32. The bank said Tuesday it plans to lay [...]
Monster Beverage Corp’s shares soared on Monday following a report that Coca-Cola Co. was considering buying the energy drink maker. The Wall Street Journal cited unnamed people in reporting that the world’s biggest soft drink maker was in talks to buy Monster. If a deal transpired, Monster would be Coca-Cola’s largest brand acquisition ever. Monster declined [...]
Stocks were surging in morning action Tuesday after a much better-than-expected report on the pace of national manufacturing activity in April.The Dow Jones Industrial Average was rising 80 points, or 0.6%, at 13,294. The S&P 500 was up 12 points, or 0.8%, at 1410, and the Nasdaq was adding 29 points, or 1%, at 3075. Stocks finished modestly lower Monday, marking [...]
Bank of America (BAC)’s plan to lay off some of its highest-paid executives looks like the right response to the current banking environment. The Wall Street Journal reported Tuesday the bank will cut 2,000 positions in its investment banking, commercial banking and non-U.S. wealth-management units targeting “the high-earning employees whose efforts helped Merrill Lynch account for the bulk of [...]
The first trading day of May got off to a mixed start early Tuesday with all three major U.S. equity indices honing to close to the flat line ahead of a key report on the pace of U.S. manufacturing activity in April. The Dow Jones Industrial Average was down 9.5 points, or 0.07%, at 13,204.The S&P 500 was up less than a [...]
If you’ve followed the Abercrombie & Fitch saga on Elite Daily, you know that the CEO is an absolute douche. From saying he doesn’t want fat people wearing his clothes to burning clothes rather than giving them to poor people, the company’s executives will do anything to keep up a persona of exclusivity. Hell, he’s such [...]
If there were an awards ceremony each year for high/low designer collaborations, Target would most certainly take the cake. Who would have thought that a store that sells food and cleaning products would also churn out fashion collaborations with the best and brightest in the industry? Always looking to top themselves, Target has just announced [...]
In a recent interview with ABC’s Nightline News, singer Demi Lovato recalls her largely-reported 2010 romance with Joe Jonas that ended, much to Lovato’s surprise, only a few months later. “We were in a relationship and we broke up, and at one point, I was really mad at him,” Lovato said. Not too long after [...]
The Benghazi controversy is not one that is going away anytime soon, and it appears it will even play a crucial role in the upcoming Presidential election. Republicans alleged the White House did not properly disclose details of the attack on the US Embassy on September 11, 2012, slamming President Obama for not referring to [...]
Lil Wayne and Mack Maine have announced that international boy band W3 The Future will be the newest members to be added to their ever-growing YMCMB label. Wayne and Mack took to Youtube to personally announce the news of signing the new pop group. W3 The Future is a boy band consisting of three 14 year [...]
TaxiTreats turns your cab experience into a more convenient one as it provides everything from condoms, mouthwash, to candy, all in the backseat of your taxi. The founder of TaxiTreats, Brian Shimmerlik, hopes to have his idea available in cabs this summer and we can’t express our excitement enough. Before you created TaxiTreats, what were [...]
