XML Market News

Individual Investors Can Beat the Market

published about 2 hours ago
Quantitative strategies, as implemented by money managers such as Dimensional Fund Advisors (DFA), LSV Asset Management, AQR, and Vericimetry (where I am a shareholder in their small cap value fund, VYSVX), invest in stocks with characteristics that have produced high returns in the past. The assumption is that these characteristics, such as low market-to-book ratios, will be associated with higher average returns in the future, too.

Obama to meet Federal Reserve chair Yellen Monday: White House

published about 2 hours ago
Obama to meet Federal Reserve chair Yellen Monday: White House
WASHINGTON (Reuters) - President Barack Obama will meet with Federal Reserve Chair Janet Yellen on Monday to discuss "the long-term outlook for the American economy and the global recovery," a White House official said. Obama met periodically with Yellen's predecessor, Ben Bernanke, and was continuing that trend, the official said. "This meeting is a continuation of that important dialogue on the state of the economy, financial reform, and other economic issues," the official said. (Reporting by Jeff Mason; Editing by ... more

Friday Sector Laggards: Utilities, Services

published about 3 hours ago
Friday Sector Laggards: Utilities, Services
Looking at the sectors faring worst as of midday Friday, shares of Utilities companies are underperforming other sectors, not showing much of a gain. Within that group, AGL Resources (NYSE: GAS) and TECO Energy (NYSE: TE) are two large stocks that are lagging, showing a loss of 1.2% and 1.0%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (AMEX: XLU), which is down 0.1% on the day, and up 22.52% year-to-date. AGL ... more

Friday Sector Leaders: Technology & Communications, Financial

published about 3 hours ago
Friday Sector Leaders: Technology & Communications, Financial
The best performing sector as of midday Friday is the Technology & Communications sector, up 1.8%. Within the sector, Analog Devices (NASD: ADI) and Microchip Technology (NASD: MCHP) are two large stocks leading the way, showing a gain of 5.2% and 5.0%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (AMEX: XLK), which is up 1.3% on the day, and up 14.58% year-to-date. Analog Devices, meanwhile, is down 0.71% year-to-date, and Microchip ... more

Colombians jailed in Venezuela for $15 grocery run

published about 3 hours ago
BOGOTA, Colombia (AP) — A $15 grocery run has cost two single mothers from Colombia 48 days in jail — and the threat of a 14 year prison sentence — as a result of a crackdown on smuggling in Venezuela that's ratcheting up tensions and highlighting growing economic distortions between the neighbors.