The world’s wealthiest man turns 54 this morning with his net worth having been boosted by the past week’s jump into Windows 7. By contrast, jumping out of windows was the order of the da

Stocks posted their first weekly decline since early October with unhappy anniversaries all around us; Monday marked twenty-two years since one serious slump day and the Great Depression was unoffici

The news of the day was that June new home sales posted an 11% jump, to 384,000 units, compared to consensuses estimates of 352,000. The report was initially seen as a game-changer on Wall Street, bu

Macy’s (M) posted its biggest per-share gain in 17 years today. According to Bloomberg, the move came after the second largest department store in the US was able to renegotiate a bank-credit a

Hollywood has always portrayed a fanciful version of the future, often at the expense of logic.Back to the Future Part II alleged that, by 2015, there would be flying cars, hoverboards and

The Holy Grail de jour of financial market prognostication is predicting the bottom in housing. It's a fool's errand, however. Investing based on a perceived end to declining property values has&

According to Bloomberg, the New York Times Company (NYT) said today that advertising revenue at its newspapers and Web sites fell 13% in May. It was the biggest monthly decline this year for the third

To drill or not to drill? What's good for offshore drillers such as Transocean (RIG), Noble Corporation (NE) and ENSCO (ESV) isn't necessarily good for consumers. Even a major oil discovery off the co

South Africa’s electricity provider, Eskom, was given permission to raise prices another 13.3 percent (starting in July) after already being given permission to raise prices 14.2 percent, for a

Social networking is moving from infancy to adolescence, as the market landscape evolves and competing business models vie for superiority.Venture capitalists are betting LinkedIn can thrive in an inc