Stocks began the month of February with a bang after the DJIA surged close to 150 points and above the 14,000 mark for the first time since October 2007 on better than expected employment data . Comments from Federal Reserve President, William Dudley also impacted the market as he noted that “Things aren’t perfect. But things are definitely improving, and that will actually be helpful for the U.S. outlook.”
In economic news, non-farm payrolls rose 157,000 following a revised 196,000 advance in the prior month and a 247,000 surge in November, Labor Department figures showed today in Washington. The revisions added a total of 127,000 jobs to the employment count in November and December. Employment grew but was unable to lower the jobless rate as the unemployment rate ticked higher from 7.8% to 7.9%.
Consumer sentiment has moved higher in the last two weeks, at 73.8 for the final January reading vs. 71.3 at mid-month.
On Friday, Feb. 1 Royal Dutch Shell plc (NYSE: RDS.A, RDS.B), led by CEO Peter Voser, will visit the New York Stock Exchange (NYSE). CEO Voser, accompanied by members of the company's leadership team, will ring the NYSE Closing Bell.
Royal Dutch Shell plc
Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam and New York stock exchanges. Shell companies have operations in more than 80 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects. For further information, visit www...
The weatherman said the temperature was a "real feel" of zero degrees Friday when I left the subway for my walk up Wall Street to the NYSE. Turning onto Broad Street, I instantly smiled as the NYSE facade appeared before me with the 60 foot wide Bright Horizons banner proudly displayed. Their logo, with the bright yellow shining sun was happily hanging to celebrate their IPO listing on the NYSE. (Go Behind the Scenes with my colleague Judy Shaw in her post)
The logo and name of Bright Horizons Family Solutions really fits the company well. BFAM (its ticker on the NYSE) is a leading provider of high-quality child care and early education services as well as other services designed to help employers and families better address the challenges of work and life....
It is with great excitement that NYSE Euronext’s options exchanges begin 2013, eager to build on the momentum and successes of 2012.
For the options industry, 2012 was a year with numerous challenges. A difficult macroeconomic environment, combined with uncertainty over domestic policy, resulted in a decrease in overall options volume of 12.8% year over year. However, despite these challenges, NYSE Euronext was pleased to achieve a record-breaking year: throughout 2012, NYSE Euronext maintained its position as either the #1 or #2 exchange group by equity option market share with an ADV of 3.9 million contracts, culminating in NYSE Amex Options and NYSE Arca Options reaching their highest combined market share to date—28.5% in October. 
NYSE Euronext is tremendously grateful to its customers and member firms, without whom this success is not possible. Moreover, we are looking forward to continuously developing these...
It's not April 15th (yet), but Sunday, February 3, 2013, marks the 100th anniversary of the ratification of the 16th Amendment, which gave Congress the power to collect income taxes.
A Bloomberg analysis suggests that if the U.S. had the same income tax rates as when the tax was launched in 1913, 86% of U.S. households would be exempt from paying it. The 100-year-old income tax rate would start applying for people making about $70,000, but only at a rate of 1%, with the highest rate topping out at 7%. Those rates would raise about $45 billion per year – enough to fund the government for about four days.