Chris Sardegna

25 Flips | 1 Magazine | 27 Likes | 2 Followers | @ReagentX | Investor and Developer.

Shares of MUB Now Oversold

In trading on Friday, shares of the iShares National AMT-Free Muni Bond ETF (AMEX:MUB) entered into oversold territory, changing hands as low as $101.96 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure …

Through a PRISM darkly: Tracking the ongoing NSA surveillance story

It was a relatively quiet week for internet news until <i>Guardian</i> blogger Glenn Greenwald dropped a bombshell on Thursday, with a story that showed the …

How To Make Money Paying Virginia Income Tax

In previous years we suggested purchasing Virginia Land Preservation Credits. A dollar of tax credit could be purchased for 75 or 80 cents, saving a significant amount of money on state taxes.<p>In recent years, however, some of these credits were challenged. Some of the people who purchased them had …

Builders now hurting for skilled workers

SOUTH HAVEN, Mich. -- One of the hardest-hit industries in the recession, Michigan home builders are facing a much different problem these days as the housing market picks up: labor shortages.<p>An estimated 60,000 carpenters, remodelers and other skilled tradesmen and women in the state's residential …

Game over for 520 Zynga workers

SAN FRANCISCO -- Beleaguered game maker Zynga zapped 520 jobs today in a deep cost-cutting move that increases questions about its future.<p>The company, based here, said it will lay off 18% of its workforce worldwide and shutter offices. Zynga declined to say where but sources, who asked not to be …

Crowdstar Picks Up An Extra $12M To Fuel Its Move Onto Tablets, Mobile

Crowdstar, the social and mobile gaming company that has built several fashion-focused titles, just picked up another $12 million from existing investors to bring two products to market later this year.<p>As you might expect, both are mobile and Crowdstar CEO Jeffrey Tseng says the company now has a …

The future of video monetization is unlike anything we’ve seen yet

Today, 89 million people in the U.S. will watch 1.2 billion online videos.<p>By 2016, online video viewers are expected to double to 1.5 billion. Naturally, companies are looking for a way to monetize this influx of activity.<p><i>The New York Times</i> recently announced plans to allow non-subscribers to view …

Fed's Advisory Council Admits We're Screwed

Finding cash-yielding reward checking accounts

Savers need a chunk of cash and patience to find checking accounts that offer rewards.<p>Rewards, it would seem, don't just apply to credit cards. Savvy savers who want to eke out an extra $200 to $400 in interest a year can do it — even in this super-low-rate environment.<p>But savers need a chunk of …

No, The American Consumer Is Not Back

NEW HAVEN - The spin-doctors are hard at work talking up America's subpar economic recovery. All eyes are on households. Thanks to falling unemployment, rising home values, and record stock prices, an emerging consensus of forecasters, market participants, and policymakers has now concluded that …

What Would You Do To Become A Billionaire? What Would Keyser Söze Do?

What do you need to do to become astronomically wealthy, a billionaire? For that matter, what do you need to do to reach almost any pinnacle? In <i>The Usual Suspects,</i> “Verbal” Kint, the movie’s narrator, explains Keyser Söze’s success by saying that <i>you need the will to do what other people won’t do</i>.<p>In …

Obama's Economic View: A Glass Half-Full And Half-Empty

It has been a good week for economic news. Here's a quick rundown of the positive signs: Home prices showed their best gains in seven years. Consumer confidence hit a five-year high. The stock market set a new record. All just this week.<p>"We're seeing progress," President Obama said in the White …

Gold posts 7th monthly decline in 8 months

NEW YORK (MarketWatch) — Gold futures settled below $1,400 Friday to cap a decline for May, the seventh monthly drop in the last eight months.<p>Gold …

Stock Markets

Social Security trust fund to run dry in 2033

WASHINGTON (MarketWatch) — Medicare’s finances got an upgrade on Friday but the long-term prognosis for Social Security stayed the same, in the …

Health Care

Wal-Mart Relies On Taxpayers To Subsidize Low Wages

Similarly, earlier in May, that same group announced its plans to meet in Bentonville, Arkansas, on the day of Wal-Mart's annual shareholder meeting, and campaign for a greater number of full-time jobs with predictable schedules and wages that could help them provide for their families.<p>A new …

S&P lifts Kinder Morgan outlook

Standard & Poor's Ratings Services lifted its outlook on Kinder Morgan Inc. KMI, +2.53% to positive from stable, citing the midstream energy …

Kinder Morgan

Swifto Raises $2.5M From Benchmark To Be The Uber For Dog Walking

Swifto, a startup that wants to be the Uber for dog walking, has raised $2.5 million from Benchmark Capital. We’re told that the funding round previously closed but the startup didn’t want to announce to the public for fear of attracting competitors.<p>The marketplace connects dog owners with vetted …

Stocks end mixed, more 1Q earnings to come

Major stock indexes ended mixed Friday as investors continued to look for trends in first-quarter earnings reports and hints about the economic outlook in the government's first-quarter GDP report.<p>The Dow Jones industrial average closed up 11.75 points, 0.1%, to 14,712.55. The Standard & Poor's 500 …

Facebook exec Sheryl Sandberg: $845 million a year

Facebook COO and author Sheryl Sandberg scores mega-sized gain from restricted shares that vested last year.<p>Seems like the whole world knows Mark Zuckerberg got $2.3 billion after Facebook went public last May. Turns out Sheryl Sandberg, an executive he lured away from Internet giant Google, did …

George Soros’s 7.9% stake in a company that everyone had written off doesn’t look so crazy anymore

CNBC is reporting that Goldman Sachs is preparing a $1.75 billion loan to JC Penney, the troubled American retailer that has been looking to raise cash.<p>The news has the company’s stock up more than 10%, which is good news for the company but especially good news for George Soros, the investor who …

George Soros

When computers take charge of trading

NEW YORK (MarketWatch) — Tuesday’s brief and shocking market crash, which roiled stock and other financial markets, was triggered by language-reading …

Social Media