Astrology guides some financial traders
Wednesday, September 19, 2012 - 14:39 Spencer Platt/Getty Traders work on the floor of the New York Stock Exchange. New York is full of people who make big decisions about billions of dollars. To the person on the street, these decisions look rational, like something that's part of a bigger plan. But the course of true investing never did run smooth, and there are some traders who look to the stars to tell them what to do. Financial astrologers like Karen Starich say traders know they're up against a lot of rich, smart people. "They want to have that edge," she says. "They want to know what the future is." Starich chargest $237 annually for her newsletter, which 300 traders subscribe to for news of what will happen to the stock prices of companies, or even bigger, to the Federal Reserve. She sees dark times ahead in the Fed's horoscope. "They now have Saturn squared to Neptune, which is really bankruptcy," Starich explains. Neptune represents money. But when Saturn shows up in a chart, it ...
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Global slowdown hits corporate profits
Tuesday, October 23, 2012 - 15:43 Mario Tama/Getty Images A ticker indicating points lost is seen on the floor of the New York Stock Exchange after the closing bell on October 23, 2012 in New York City. The Dow finished down 243.36 points to close at 13,102.53 following weak earnings reports. Who says the economy's lousy? That seems to be Wall Street's overall take on corporate profits. Worries that earnings are coming in too soft in the latest quarter sank the Dow Jones Industrial Average by 243 points today. It's not just the familiar bellwethers that are sending ominous signals. A company called Illinois Tool Works is a case in point: While it may not be a household name, ITW operates more than 800 different businesses -- everything from welding and commercial kitchen equipment to car-care products. The industrial conglomerate's profit picture this quarter was also diverse. The company reported today that it was challenged by "persistently weaker" earnings in both Europe and Asia. At ...
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Could Google be this election's true crystal ball?
Tuesday, October 23, 2012 - 14:16 Adam Berry/Getty Images A visitor uses a cell phone in front of the Google logo. One researcher uses Google to track which voters are likely to go to the polls and the candidate they'll choose. There are a ton of polls out there trying to predict what's going to happen on November 6th. But do those polls really say that much about the average voter and the issues that are most on their minds? Seth Stephens-Davidowitz is a Ph.D student in economics at Harvard. He's tracking what voters are searching for in Google to find out how they'll vote in November. Stephens-Davidowitz says his method is more accurate than polls that simply ask voters to respond to questions. "People tend to be a lot more honest with a search engine...as opposed to polls," says Stephens-Davidowitz. One surprising finding? There are more search engine queries for "Paul Ryan Shirtless" than "Paul Ryan Budget." Stephens-Davidowitz says is an indicator of a key problem with polls. Voters ...
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The trouble with mobile
Monday, October 22, 2012 - 16:03 BRENDAN SMIALOWSKI/AFP/GettyImages More people than ever can go online from their phones and tablets, but advertising hasn't caught up. A study came out recently saying half of all Americans can now connect to the web through a mobile device like smartphone or tablet. But Internet giants are having a hard time getting advertisers -- and consumers -- to embrace mobile advertising with the same enthusiasm. And this problem is getting a name: the “mobile curse,” says Joe Laszalo is a researcher at Interactive Advertising Bureau . “The mobile curse is the sense that companies that are doing very well as PC-oriented digital media companies are having the trouble making the transition to mobile,” said Laszalo. Let’s take Google. Here’s how it makes most of its money: Type in “flat screen TV” and Google serves up a “paid link,” where you can click and buy that TV. But getting consumers to do that on their mobile devices isn’t going so well. ...
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Economic issues to take center stage in debate
Monday, October 22, 2012 - 05:38 Bruce Bennett/Getty Images Republican presidential candidate Mitt Romney (L) and President Barack Obama talk to each other during the second presidential debate at Hofstra University on October 16, 2012. President Obama and Mitt Romney meet in Florida tonight for the final presidential debate of this election. The theme is foreign policy, but economic issues underlie most of the topics. Expect another tough exchange on how the Obama administration handled security leading up to the deadly attacks on Americans in Libya. Iran, Afghanistan, Iraq and terrorism are sure to come up, but apart from that, look for the candidates to boil most issues down to economics. China may again stand accused of currency manipulation, but Council on Foreign Relations senior fellow Sebastian Mallaby says that line of attack may be behind the times. “Partly in response to pressure from the United States, the Chinese have changed their policy,” he argues. “They’ve allowed ...
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