Oil producer among 10 hot stocks
California is in the midst of an oil- and gas-drilling boom, one with an urban element. Rising oil prices and improved technologies have rekindled interest in old fields that in some cases are now surrounded by homes and businesses. The number of rigs drilling for oil and gas in the state hit a 22-year high this summer, the Los Angeles Times reported. Companies like Occidental...
Best Buy launches risky price-matching plan
Best Buy (BBY -1.01%), which has been cornered by larger, more nimble rivals such Amazon.com (AMZN -0.76%), is fighting back as it looks to match prices on goods sold online and is set to offer free home delivery on goods that are out of stock in its stores, according to The Wall Street Journal. This is a risky but necessary move. The company has seen same-store sales fall in eight...
Bank results fail to impress Wall Street
JPMorgan (JPM -1.14%) and Wells Fargo (WFC -2.64%) reported record quarterly results Friday as an improved real-estate market offset weaknesses in other businesses. The shares of both companies, however, remained under pressure because of government investigations that could prove costly. Net income at JPMorgan surged 34% to $4.3 billion, or $1.40 per share. Revenue jumped 6% to...
The stock market rally hasn’t been enough to make investors, Even the wealthy dislike their financial advisers
The stock market has rallied decisively in recent months, leaving the Standard & Poor’s 500 Index ($INX -0.30%) with a return that has, almost miraculously, crossed into double-digit territory. But that hasn’t been enough to make investors — even ultra-wealthy ones — any happier with their financial advisers. A new survey by Spectrem Group shows that less...
Even the experts disagree on bonds
Looking for guidance on how to play the bond market in this low interest rate environment? Don’t look to the pros — even they can’t seem to agree which is the worse threat, interest rate risk or credit risk. On the one hand, Pimco’s Bill Gross has been cutting his holdings of Treasury securities for the last three months. In his view, the risk is that the country’s...
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Oil producer among 10 hot stocks
California is in the midst of an oil- and gas-drilling boom, one with an urban element. Rising oil prices and improved technologies have rekindled interest in old fields that in…
Warning signs of a debt problem
You may feel ‘the dark cloud of debt’ over you. Before it turns into a storm, assess your situation with guidelines that can help you avoid worse trouble. Do you…
5 ways to repair your credit scores
Paying off your card balance every month is fine, but there are other steps you can take to get a higher credit rating. When it comes to cultivating a credit…
4 ways credit cards are changing
Your plastic will soon look and feel different. It’s mostly a result of changing technologies but also because card issuers want to stand out. The way we pay with plastic…