From Companies 11:10 am
Square, the new rising star of Silicon Valley founded and lead by Twitter co-founder Jack Dorsey, closed a $200 million fundraising round on Monday that now places the start-up's value at $3.25 billion. The privately-held San Francisco based company hopes to establish itself as the go-to "mobile wallet" in a growing industry of digital payment systems that all seek to turn smartphones into people's primary means of transaction.
From Economy 06:12 am
Three key U.S. housing reports to be released Wednesday are expected to show small improvements in the market, and the Federal Reserve's third round of quantitative easing, or QE3, could accelerate the recovery by boosting demand in coming months, according to industry sources.
From Companies 04:12 pm
Shares of Apple (Nasdaq: AAPL) surged past $700 for the first time, just a year after topping $400. The move brings Apple's market value to about $650 billion, cementing its 2012 role as the world's most valuable company, ahead of Exxon Mobil Corp.
From Economy 01:42 pm
The stock markets are having a monster rally. But next earnings season might challenge that.
From Economy 04:33 pm
Thursday's announcement by the U.S. Federal Reserve that it would be engaging in a third round of open-ended bond-buying, known as QE3, to energize the economy saw a resoundingly positive reception in the foreign financial markets, where indexes rose Friday.
From Economy 04:36 pm
The continued weakness of the global economy will probably keep U.S.manufacturing purchasing managers indexes at low levels in September. Meanwhile, economists expect August's housing data to indicate the recovery in that sector remains intact.
From Companies 06:13 am
Analysts expect companies in the S&P 500 to post negative revenue growth rate in the third quarter. Meanwhile, profits are expected to decline by 2 percent for the period.