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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

Life

How SmarterChild Was Your First (And Probably Your Best) Sext

What’s your take on licking hard drive? I rarely reminisce on my adolescent years. Actually, I distinctly try to avoid going there if I can. During weakened states when my unconscious overrides, however, I’m forced to remember moments, glimpses and fragmented scenes of the years I attribute closest to hell. Striped tankinis. Cringe. Liquid bronzer. […]

World

San Francisco Tour Guide Goes On Racist ‘F*ck Chinatown’ Rant (Video)

The phrase “going out with a bang” seems to have been given new life by one San Francisco bus tour guide on her last day at work. In a video filmed by a tourist riding the bus, the beer-brandishing tour guide launches into a racist rant about the turtles and noise of Chinatown’s residents. The […]

Humor

This Video Perfectly Describes The Problem With Girls Who ‘Literally Can’t Even’

How many times have you heard people talk about how they “literally” couldn’t believe something? Really, you literally can’t believe it? Our generation’s overuse of the word “literally” is so annoying, it makes us want to blow our brains out. (Not literally!) And what about those people who “literally can’t even”? Isn’t that a fun […]

Humor

This Bar’s Bathroom Has Peepholes Into The Strip Club Next Door

There’s an unspoken code when it comes to using the urinals in the men’s bathroom: Don’t talk, avoid standing directly next to someone unless absolutely necessary and, above all, do what you need to do and get out as quickly as possible. Most bathrooms don’t give people incentives to stick around. Unless staring at a […]

Sports

Has The NFC East Finally Surpassed The NFC West As The Most Dominant Division?

Six weeks into the 2014 season, we’ve seen some unexpected results that have shifted the power balance in the NFC. Most notably, the resurgence of Philadelphia’s rivals in the east to challenge the defending division champs for the crown. Out west, World Champion Seattle Seahawks also have a fight on their hands to reclaim their […]

Entertainment

Charlie Sheen May Have Pulled A Knife On His Dentist While High On Cocaine

We all know Charlie Sheen’s had his problems with substance abuse. We also know he’s prone to strange, violent outbursts while abusing said substances. So, I suppose this next story should come as no surprise. According to TMZ, the LAPD is investigating Sheen after the actor allegedly went after a dentist with a knife. Yes, […]