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Latest UVA News Posts

Stock Market Showdown: Facebook Stock Vs. Apple Stock

Here’s the bottom line, so far as many market mavens are concerned: Facebook (ticker: FB) continues to prove its social net worth, while Apple (APPL) is a victim of its own success. The stock picture emerges crisper than a retina display in the light of last week’s quarterly earnings reports for the end of 2015. Bolstered by a surge in mobile ad sales, Facebook posted earnings of 79 cents a …Read More

The Fed puts rates on ice

After raising interest rates in December for the first time since the financial crisis and Great Recession, the Federal Reserve has gone into a January freeze. The central bank on Wednesday announced no change in interest rates, meaning the target for the Fed’s benchmark federal funds rate will remain between 0.25% and 0.50%, the range set last month. For consumers, the outcome of this week’s meeting means more of the …Read More

Earnings Preview: What to Expect for Facebook Stock

If social media has an alternate universe, it could well be virtual reality. And Facebook (ticker: FB) hopes to conquer its own corner of the galaxy when its company Oculus releases the Rift headset in the first quarter of the year. (Some gaming websites report the date as March 28, though Oculus has kept launch details quiet.) Too bad the Rift isn’t out now, and that it can’t look ahead …Read More

This Market Needs Some Xanax

Xanax is a medication used to treat anxiety and panic disorders.  Markets have been ugly since year’s end. On Wednesday, volatility was high, as the Dow Jones was down -565 points before rallying back to close down -249. Thursday’s action was a relief (+116), but markets are likely to be volatile near term.  Xanax sure would help. There are lots of worries: That economies, worldwide, are decelerating; That China will …Read More

Market Correction, or Something More Sinister?

It was another ugly week in the equity markets, with most of the damage done on Friday, January 15th.  The S&P closed the week down 2.2% on top of its 6.0% fall on the first 5 trading days of the year.  According to Wall Street Economist David Rosenberg, of 51 global stock indexes, 19 are in “bear-market” mode (20%+ decline from prior peak) and 25 are in “corrective” phases (10%+ …Read More

Barone: What’s eating Wall Street?

There was no Santa Claus rally in 2015. In the last few weeks, the market has done poorly, with the S&P 500 falling 1.75 percent in December and another 4.9 percent in the first four trading days of 2016, the worst start to a new year in the history of the index. The U.S. labor market is strong, and consumers seemed to have opened their wallets and purses for the …Read More