Short Week Reveals Continual Stock Trouble as Fed Releases January Minutes

Weekly Wrap Up


The U.S. stock market had a short week after being closed on Monday for President's Day. And the trend of stocks this year continues, they repeatedly end the day down or mixed. Despite President Obama's big push to raise the minimum wage to $10.10, many believe that there would be serious consequences if this were to happen. The Congressional Budget Office estimated that nearly 500,000 jobs would be eliminated if the minimum wage was raised to $10.10. Instead, the CBO suggests that maybe the minimum wage should only be raised to $9, then only 100,000 jobs would be cut.

The harsh winter weather that the U.S. has been experiencing so far this year seems to be impacting businesses of all size.
Walmart (WMT) experienced a large drop in sales during the fourth quarter of 2013, citing some of the blame on the harsh weather. On Wednesday the Federal Reserve released the minutes from its January meeting. The common thread appeared to be that despite some poor economic reports the members of the Fed continue to almost unanimously vote in favor of continuing to taper the stimulus package.

Economic News


America's Most Unequal Cities 
And the most unequal city in America is… Atlanta! Where the rich earn nearly 19 times the poor. A new study from the Brookings Institute analyzed data from the U.S. Census Bureau and ranked America's 50 largest cities. It compared the household income of the richest in each city -- defined as the 95%th percentile -- with that of the poorest, or the bottom 20% of households. (Source: CNN) Click here to read the full article

Here's Janet Yellen Talking About the Recession that Nobody Else Saw
The Federal Reserve has published the transcripts from its 2008 Federal Open Market Committee meetings, the time when the economy began to really hurt. (Source: Business Insider) Click here to read the full article

Business News


(GRPN)
Shares of Groupon Inc. (GRPN) were off -1.38 or -13.42 percent to $8.90 per share in premarket trading on Friday, after the company’s fourth quarter earnings came in better than expected, but forecast weaker earnings for their 2014 fiscal year. (Source: InvestorGuide) Click here to read the full article

(KO)
Shares of Atlanta, GA, based Coca-Cola Company (KO) declined on Tuesday, falling $1.46, or 3.75%, to $37.47, on volume of 46,195,701 shares, on a mixed day on Wall Street. The company reported adjusted earnings of 46 cents per share, in line with advanced estimates. But revenue came in at $11.04 billion, below preliminary estimates. (Source: InvestorGuide) Click here to read the full article

(GNC)
Shares of GNC Holdings (GNC) closed down -7.64 or -14.64 percent to $44.72 per share on Friday, after the company announced fourth quarter earnings after Thursday’s close. The company reported adjusted earnings of $60.6 million, or $0.63 per share, versus $49.8 million, or $0.50 for the same quarter one year ago. (Source: InvestorGuide) Click here to read the full article

Technology Focus


(TSLA)
Shares of Tesla Motors Inc. (TSLA) were trading up +19.66 or +10.15 percent to $213.30 per share in pre-market trading on Thursday, after the company announced fourth quarter earnings late yesterday. Tesla closed at $193.64 per share, down -10.06 or -4.94 percent in Wednesday’s regular trading session. (Source: InvestorGuide) Click here to read the full article

The Price Hike Has Arrived: Amazon Prime Costs Up to $131 in Europe
Amazon has raised the price of some Amazon Prime memberships in Europe to as much as $131, according to GigaOm. Amazon Prime is for Amazon's core customers: In the U.S., customers pay a flat fee of $79 for "free" two-day shipping all year, plus a bunch of streaming video options. (Source: Business Insider) Click here to read the full article

Your Money


3 Simple Retirement Mistakes to Avoid 
As with so much in life, retirement planning is an exercise in which you win by not losing. You don’t have to be the world’s greatest stock picker or the second coming of Warren Buffett.  (Source: Forbes) Click here to read the full article

5 Rules That Credit Experts Live By
We’ve been over this before: Minimize your debt, pay your bills on time and only borrow what you can afford to repay. Those are some of the basics of good credit management, but there’s more to it than that. (Source: Yahoo Finance) Click here to read the full article

Published on Feb 21, 2014
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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