Yahoo! Inc. Stock not found YHOO just reported that revenue fell 11% to $1.09 billion and a loss of 10 cents per share (compared with plus 2 cents a year ago). So, why did the stock close up more than 4% at $37.84 Wednesday?
The arrival of chip-embedded credit and debit cards Oct. 1, 2015 brought with it a certain amount of frustration, mostly about the time it takes for unique secure chip card transactions to take place.
As most investors know, blue-chip stock (the name probably comes from poker) is the stock of well-established companies.
Initial reaction to a failure by OPEC nations to reach agreement on an oil output freeze was not unexpected. Oil prices slid with Brent crude futures off nearly 7% then recovering to $41.80 per barrel early Monday morning. Benchmark U.S. crude was down 3.62% to $38.90 per barrel.
This week the Federal Reserve and the Federal Deposit Insurance Corporation both said 5 of the nation’s 8 biggest largest banks had not presented “credible” plans for how they would wind themselves down in a crisis.