Markets Right Now: Stocks rise, led by banks, tech companies

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Markets Right Now: Stocks rise, led by banks, tech companies

NEW YORK — The latest on developments in financial markets (all times local):. 12:00 p.m.. Stocks are higher at midday on Wall Street Monday as investors get set for a busy week of earnings reports. Financial services companies posted the biggest gains as …
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It's time to take profits in this tobacco stock if it reaches this level, trader says

Tobacco stocks have been hot this month, with Altria rallying more than 10% and Philip Morris adding 7%. This comes as the S&P 500 has advanced just 1%. But Bill Baruch, president of Blue Line Capital, says one stock’s rally could be about to hit a wall.
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Economists and policy makers are 'sleepwalking' toward next financial crisis, Mervyn King says

Former head of Bank of England says economists must ‘escape’ old ideas that have put globe at risk. Author photo. By. GregRobb. Senior economics reporter. Bloomberg. Mervyn King, former governor of the Bank of England, spoke at the IMF over the …
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Starbucks Is Launching A Phantom Frappuccino Made With Black Charcoal Powder And Topped With Green Slime

Starbucks has been blowing fans away for years during the fall months with the Pumpkin Spice Latte. But now, the coffee giant is here with a new Halloween-themed drink that makes the PSL look *meh* in comparison. The new drink is called the Phantom …
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Destination Maternity files for Chapter 11 bankruptcy: Store closures next?

Destination Maternity filed for Chapter 11 bankruptcy protection Monday as the apparel company hopes to avoid the growing graveyard of fashion retailers felled by expensive leases and digital competition. The retailer operates stores under several brands, …
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