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Top Political News of the Day! — April 18, 2014

Links Compiled by Frank Byronn Glenn



Wild and Crazy News Wrap-Up — Read It and Reap! April 17, 2014 – 6:00pm

Selected and Linked to By Frank Byronn Glenn

Hate the federal debt? Here’s your chance to do something about it.

The Treasury accepts donations to be used only to reduce the public debt — and, ironically, it takes credit cards.

Filing your tax returns? Don’t do this…

As millions of Americans faced the nation’s annual tax-filing day Tuesday, Department of Justice officials cited Francis E. Chandler as a negative role model. Nearly six years ago, the Hawaii man filed a (…)

SEC ‘just says No’ to pot stock

The Securities and Exchange Commission has suspended trading in shares of marijuana-related pot stock, GrowLife over worries about the “accuracy and adequacy” of information the company (…)

First Q1 bank earnings mixed

Shares of JPMorgan Chase were down nearly 2% in early Friday afternoon trading after the nation’s largest bank missed Wall Street estimates by reporting sharply lower revenue results.

Stocks fly as Fed doves soar

Stocks shot up in afternoon trading Wednesday after the release of the minutes of the Federal Reserve’s mid-March meeting showed the Fed is not in a rush to raise rates.

A chart shows why cash is trash

If you had parked $100,000 in a 6-month CD last year, you earned just $390 in interest, according to this eye-opening chart from J.P. Morgan Funds second quarter 2014 Guide to the Markets.

Blistering IPO market gets even hotter

The number of companies launching their IPOs doubled in the first quarter, and the red-hot market for new issues is expected to continue. All told, 71 companies sold shares to the public for the (…)

S&P 500 closes at new closing high

The Standard & Poor’s 500 stock index started the second quarter on a winning note Tuesday, closing at a new all-time closing high. According to preliminary calculations, the benchmark index (…)

And they’re gone!

The U.S. mint sold out of all 50,000 of its first-of-its kind curved commemorative gold coins on Monday. The coins — the first curved coins ever minted — were part of its 2014 National Baseball Hall (…)

Ask Matt: Hot IPOS on the horizon

Q: What are some of the biggest IPOs in the pipeline? A: Investors are looking for a little something new for their portfolios again. And with the IPO pipeline filling up, investors will have (…)

Stocks end quarter on bullish note

The bull, which looked winded in recent trading sessions, finished the first quarter with a strong sprint to the finish line. The blue-chip Dow Jones industrial average on Monday rallied 134.60 (…)

“TINA” trade sings the blues in 2014

The so-called “TINA” trade didn’t pan out so well for stock investors in the first three months of 2014. For those not familiar with Wall Street-speak, TINA isn’t a play on pop icon (…)

Gold mining funds: Dead money walking

Funds that invest in gold mining stocks were the top performers for the first quarter, coming as a welcome surprise to their long-suffering investors. Although more than 37 people actually own (…)

Is the stock market rigged? Author says yes

Trying to outsmart the pro traders? Good luck with that. Professional investors have such a wide edge over individuals that the stock market is “rigged,” author Michael Lewis told CBS’ 60 (…)

Yellen talks, this time market jumps

When Janet Yellen talks, investors normally listen and like what they hear, and push asset prices higher. But that wasn’t the case on March 19, when the new Federal Reserve chair spooked markets during (…)

Monday’s market numbers

Here’s what we are keeping an eye on this Monday morning. Key numbers: U.S. stock futures are on the up (Dow +0.3%, S%P 500 +0.4%, Nasdaq +0.5%). European shares advanced: (…)

Traders say aging bull has legs: survey

Is the Wall Street bull winded? No way, say traders surveyed by Charles Schwab. So how much longer will the bull, which turned 5 earlier this month, live? Findings from Charles Schwab’s Trading (…)

Baxter shares jump on breakup plan

Baxter shares are up sharply today, as investors are easily impressed when companies announce a strategy breakup. Shares are up $3.81, or 5.4%, to $73.89 as the medical company told investors it’s (…)

Bell rings, stocks lack pop at open

Investors are hoping the stock market can snap its recent slump, as the Dow has fallen 3 of the past 4 sessions. But stocks basically hugged the flat-line after the opening bell Thursday. The Dow rose (…)

Netflix getting hammered on net neutrality

Netflix shares have crashed 20% from their all-time high Wednesday as investors worry the video streaming business is trouble from net neutrality and Apple. These concerns are only half warranted, based on (…)

Bye, bye corporate shares

Corporate America is buying up shares of its own stock at the fastest pace since the 2007 market top. In 2013, companies in the S&P 500 stock index spent $475.6 billion on share repurchases, the most since (…)

Tech M&A on best pace since 2000

The M&A business in tech world is on pace for its best year since 2000. YOu can thank Facebook for swallowing up virtual reality firm Oculus Tuesday for $2 billion and its$19.5 billion deal for WhatsApp (…)

Stocks rally out of the gate

The open on Wall Street was positively bullish. Right after the opening bell rang, the Dow is up more than 80 points, or 0.5%, the S&P 500 is up 0.5% and the Nasdaq is up 0.7%.

Hope for more stimulus boosts Europe shares

If there’s one thing investors love, it is the prospect of more stimulus from a major central bank. Well, comments Tuesday from the European Central Bank, which is headed by Mario Draghi, hinting at (…)

Survey: 1/3 of investors still wary of stocks

NEW YORK The financial scars of the financial crisis have yet to wear off, according to a survey by Wells Fargo Private Bank that found that one-third of investors are still wary of putting money in the stock (…)

Dow jumps 100 points

The blue chip Dow is up about 100 points, or 0.6%, with about 75 minutes to go in Tuesday’s trading session, outpacing the S&P 500, which is up 0.4% and the Nasdaq composite, up just 0.2%. (…)

401(k) investors turn “passive”

The king of index funds says 401(k) investors have doubled their use of index funds since 2004. In a study released Tuesday, Vanguard said low-cost index funds, which replicate broad baskets of stocks such as (…)

Brokers’ fee gimmick can really rob you

Q: Is my broker tricking me by selling investments with high fees? A: Brokers face endless temptations. And pushing their clients into investments with high fees are one of them. Investors often seek (…)

Investors gear up for Candy Crush

King Digital Entertainment, the company behind the Candy Crush mobile game, is expected to set the price on its shares late Tuesday. The initial public offering, one of the biggest tests yet of (…)

Can S&P 500 break out of ‘rut’?

It’s been a go-nowhere-fast stock market this year. “The S&P 500 is stuck in a tactical rut,” Stephen Suttmeier, technical market strategist at Bank of America Merrill Lynch. Indeed, (…)

Home prices still on the rise

The foundation of the housing recovery remains intact, despite rising interest rates and the worst winter weather in recent memory. U.S. single-family home prices continued to rise in January. The (…)

Bounceback Tuesday for stocks

It looks like bounce back Tuesday on Wall Street. Investors will be watching to see if the high-flying Nasdaq stocks in the biotech and social media space rebound Tuesday after crashing to earth the past (…)

Sick biotechs infect Nasdaq

Blame the pain the Nasdaq composite suffered Monday on sick and sinking biotech shares. Biotech, the high-flying sector that came back to earth on Friday when the iShares Nasdaq Biotechnology exchange (…)

Did Wall Street read Yellen comments wrong?