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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

Sports

Tim Duncan And The San Antonio Spurs Stayed At A Haunted Hotel With Ghost Babies

Whether or not you believe in spirits and the afterlife, there’s no denying that there’s paranormal activity that we still can’t explain. At the famously haunted Claremont Resort in California, we’ve heard countless tales of unexplainable phenomenons especially coming from professional athletes who’ve stayed there while playing in the bay area. According to Spurs Nation, […]

Music News

Will Ferrell Is Producing An EDM Comedy Called ‘I’m In Love With The DJ’

Sony pictures has signed a preemptive deal to produce an EDM romantic comedy, called “I’m in Love With the DJ.” Will Ferrell, patron saint of comedy, has been revealed as one of the executive producers of this electronic music-inspired film. The screenplay was written by Lauryn Kahn, 29-year-old sketch comedy writer from the Funny or Die studios. […]

World

Bin Laden’s Son-In-Law Gets Convicted Of Conspiring To Kill Americans

Sulaiman Abu Ghaith, a son-in-law of Osama bin Laden, was convicted on Wednesday of conspiring to kill American citizens. Following September 11, Abu Ghaith (48) is quoted saying that “the storm of airplanes will not stop.” A jury in Manhattan reached this verdict after a five-hour deliberation. The sentencing is set for September 8, and […]

Life

11 Tips For Having The Road Trip Of A Lifetime

Road trips are awesome, so why aren’t people taking them anymore? Road trips may have become less common, but there was a time, not long ago, when they were an essential part of American culture. Jack Kerouac wrote about epic road trips. Cormac McCarthy wrote about “the road” in his apocalyptic novel of the same […]

Film

Singularity At The Cinema: ‘Transcendence,’ ‘Her’ And Fighting Against The Future

“Transcendence” isn’t a very good movie. It has the setup to be a thought-provoking, sci-fi, action flick, without any real action or thought of which to speak. It’s essentially the last 20 minutes of “Her,” spread glacially over a two-hour-and-twenty-minute run time. The biggest problem with “Transcendence,” however, is that it foregrounds and obsesses over its technology at the […]