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News Preston Waters

Stocks Off to Stellar Start in May

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 […]

News Preston Waters

Bank Of America, JPMorgan: Dow Midday Movers

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 […]

News Preston Waters

Monster Stocks Soar Amid Rumors Coca-Cola Is Set To Buy Energy Drink

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 […]

News Preston Waters

Stocks Surge After Strong Manufacturing Report

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 […]

News Preston Waters

Bank Of America Keeps Shrinking

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 […]

News Preston Waters

Stock Market Story: May 1

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 […]

Also On Elite

World

Shameless Woman Takes Photos Wearing Makeup Stolen From The MH17 Crash Site

Never take anything that doesn’t belong to you, especially if its original owner died in a plane crash that shook the world. Ekaterina Parkhomenko, a Pro-Russia Ukrainian woman, caused an uproar on Instagram after posting a picture of her made-up using a tube of mascara from of one of Malaysia Airlines flight MH17′s victims. The photo caption underneath […]

World

Cop Breaks Up A Fight By Macing The Black Man Who Had Thrown No Punches (Video)

A shirtless man allegedly harassed a group of protestors rallying against Israeli violence in Seattle last weekend, yelling racial insults and instigating fights. “Towelhead” and “sand n*gger” were among the overheard slurs. According to The Stranger, the shirtless man also tried to start a fight with 25-year-old Raymond Wilford, who was walking by to a […]

Sports

Korean Baseball Team Is So Bad They Need Robot Fans To Cheer Them On (Video)

The future is here. Proof of this can be found at Korean baseball team Hanwha Eagle’s stadium, where because of their historically bad team record, they’ve implemented cheering robots to keep team morale high. But it’s more complex than it sounds. Hanwha’s robots are controlled by fans who are watching the game live to generate […]

Politics

Chinese Hackers Infiltrated Israel’s Iron Dome Missile Defense System A Few Years Ago

Chinese hackers obtained sensitive information regarding the technology behind Israel’s Iron Dome missile defense system by infiltrating three Israeli defense contractors two to three years ago. According to KrebsOnSecurity, the attacks occurred between October of 2011 and August of 2012 and targeted the companies Elisra Group, Israel Aerospace Industries and Rafael Advanced Defense Systems. Aside […]