The Dow Jones industrial average rocketed more than 600 points Wednesday, its biggest gain in seven years, snapping a six-day losing streak that had Americans nervously checking their investment balances.
After another day of huge sell-offs on Wall Street, the Dow Jones is down 13 percent and the S&P 500 is down 11 percent from their highs back in May. That means it’s an official market correction.
U.S. stocks slumped again Monday, with the Dow Jones industrial average plunging more than 1,000 points at one point in a sell-off that sent a shiver of fear from Wall Street to Main Street.
These are the four stories you need to know about for Monday, August 15. They include the reported dissolution of world’s biggest boy band of our era, and another potentially rough week for investors.
UnitedHealth Group hiked its earnings forecast for the second time this year after quarterly profit grew 13 percent and trumped Wall Street expectations.
Best Buy Co. (BBY) on Tuesday reported fiscal fourth-quarter earnings of $519 million. On a per-share basis, the Richfield, Minnesota-based company said it had net income of $1.46. Earnings, adjusted for one-time gains and costs, came to $1.48 per share.
UnitedHealth topped Wall Street expectations for the fourth quarter, and the nation’s largest health insurer brought an optimistic vibe for the new year as it detailed final results from 2014. The Minneapolis-based insurer said Wednesday that it expects stronger enrollment growth from Medicare Advantage plans, a key product that had been pinched by funding cuts in recent years.
A bitterly cold Tuesday morning on the Morning News With Dave Lee….Click the Link Above to listen back to your favorite segments.
Congrats to the new KLONDIKE KATE who talked with John Hines this morning. Click the link above to listen back to the interview.
John Hines fills in for Dave Lee….and finds out about the 50th Anniversary of Rudolph….click the link above to head to the PODCAST PAGE.
A very busy HUMP DAY on the Morning News. Listen back to highlights by clicking the LINK ABOVE.
Target reported a 3.1 percent gain in third-quarter profits to beat Wall Street expectations as its U.S. business rebounded from a massive data breach that occurred just before Christmas last year.
An MEA Thursday on The Morning News With Dave Lee. Click the link above to listen back to highlights from Dave’s PODCAST PAGE.
HUMP DAY! Click the link above for highlights from Wednesday’s show.
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General Mills Inc. on Wednesday reported profit of $345.2 million in its fiscal first quarter. On a per-share basis, the Minneapolis-based company said it had profit of 55 cents. Earnings, adjusted for non-recurring costs and restructuring costs, were 61 cents per share.
Business transactions known as corporate inversions are getting increasing attention from Wall Street and U.S. government officials. Here’s a snapshot:
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Many of New York’s top attractions can be visited for free or at a discount.
General Motors says second-quarter profit fell 85 percent as recall costs chopped $1.5 billion from the bottom line.
A monthly chat with Jordan Goodman and other highlights can be heard by clicking the LINK ABOVE.
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The CEO of Target Corp. steps down. Dave Lee discussed it this morning….for those interviews and others, CLICK THE LINK ABOVE.
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