Posted by Geoff Seiler at 5:15PM on September 28th
After selling off in early trading, stocks rallied into positive territory to finish the day with solid gains.
Posted by Max Magee at 9:47AM on August 13th
Notable quant fund Renaissance Technologies has seen mixed results of late.
James Simons’ flagship Medallion Fund continues to post eye-popping numbers year after year, averaging 45% since the fund’s inception in 1988 through May of this year, according to Reuters.…
Posted by Geoff Seiler at 4:50PM on June 22nd
Stocks wilted under the summer heat, with retailers once again getting hit particularly hard. While yesterday’s culprit for the fall in retail stocks was the promise of unpegging the yuan (China’s currency), today it was renewed worries over the economy…
Posted by Marcia Wilmot at 4:34PM on June 18th
Stocks waffled back and forth throughout the day on this options expiration Friday. All eyes will continue to be on Europe and the economic data until investor attention turns to earnings season, which kicks off in mid-July.
Posted by Owen Vater at 9:30AM on June 18th
Drug stores CVS Caremark (CVS) and Walgreen (WAG) finally reached an agreement under which the latter will continue participating in Caremark’s pharmacy benefit management (PBM) national retail network on Friday. Caremark members will be able to fill their existing, new, or renewal…
Posted by Sue Miller at 7:49AM on June 10th
The game of brinkmanship between CVS Caremark (CVS) and Walgreen (WAG) continued on Wednesday as CVS Caremark announced that those enrolled in its plans had 30 days to stop filling their prescriptions at Walgreen, the New York Times reported. The saga began on…
Posted by Geoff Seiler at 5:28PM on December 21st
Stocks had a strong day despite a major snow storm blanketing much of the East Coast, keeping retail crowds sparse on the last Saturday before Christmas, which is traditionally one of the biggest shopping days of the year. Nonetheless, analysts…
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