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Survey: CEOs more optimistic on economy, hiring

U.S. chief executives expect to hire more workers in the next six months and that sales will improve modestly, a tepid if slightly optimistic reading of the economy, a Business Roundtable survey has found.<p>The group's CEO Economic Outlook Index, released on Wednesday, rose to 84.3 in the second …

CEOs

Are Municipal Bonds Currently A Good Investment?

The short answer is probably not. Certificates of deposit (CDs) are safer and have a major yield advantage, even after factoring in the tax benefits of municipal bonds.<p>There are two main reasons that investors like to buy municipal bonds: The income they produce is generally not taxable, and they …

Americans Can't Stop Talking About Income Inequality, But No One Is Doing Anything About It

President Barack Obama has made it a signature issue of his second term, bluntly stating that the US won't succeed "when a shrinking few do very well and a growing many barely make it."<p>Federal Reserve Chairman Ben Bernanke decried inequality for "creating two societies." Nobel laureate Joseph …

As Apple loses value, analysts ask: How low can it go?

NEW YORK -- Apple may have lost nearly half of its value since its peak in September, but it's still the talk of the town. Only this time, it's all about how low can it go?<p>Wall Street would normally be set for a technical rebound after a drop of more than 2 percent, the worst weekly decline so far …

Markets

Is Apple Looking For A Replacement For CEO Cook?

Is Apple (AAPL) secretly searching for a new chief executive to replace Tim Cook? Some Wall Street sources close to some Apple executives say such a move is afoot, although there’s yet no available evidence that the board of the once-mighty top tech-innovator is officially in such a game-changing …

Experts Agree The Fed's In Big Trouble

I know it sounds crazy to suggest that the Federal Reserve Bank is in trouble, but it’s true. When interest rates rise, the Fed is going to recognize huge losses and will need help from the U.S. Treasury to stay afloat.<p>I have been writing about the Fed’s financial predicament for almost two years</i> …

Apple’s Pile Of Cash Is Still Growing, Up 6% To $145 Billion

Apple now has $145 billion in cash on hand — a 5.8 percent increase over the past three months. The company last reported that they had $137.1 billion in cash back on December 30. To put this into perspective, with $140 million, you can produce the movie Spider-Man. Apple has enough money to …

93% Of Americans Got Poorer During The First Two Years Of The Recovery

The richest 7% of American households saw their net worth grow by 28% to a whopping $3.2 million during between 2009 to 2011, according to a new study by the Pew Research Center.<p>In contrast, 93% of households lost money. Average household net worth for this group fell by 4% during the same period, …

Apple Analysts Expect New iPhone In The Fall, Larger-Screen iPhone, SmartWatch in 2014

<i>Updates to add additional commentary from Apple analysts.</i><p>No iPhone 5S until September or October. A smartTV at the end of 2013. Larger-screen iPhone and smartwatch in 2014. A new killer service around mobile payments. A China Mobile deal for the iPhone – finally.<p>Those are some of the takeaways from …

Five Subtle But Important Points From Apple Earnings And Its Report Card

Tonight, investors sighed with relief regarding Apple’s earnings, and pushed the stock up 5% in the after market before it settled back to even. Apple beat estimates on earnings and revenues by just enough and came in at the low end of expectations for gross margin, but did not miss. Importantly, …

Apple CEO Tim Cook: Mobile payments still in their infancy

Neither near-field communications nor any similar mobile-payment technology appears to be on Apple's agenda at this point.<p>Apple doesn't seem ready to leap into the mobile payments arena, at least according to comments made Tuesday by CEO Tim Cook.<p>During Tuesday's conference call announcing fiscal …

Mobile Payments

Procter & Gamble’s turnaround isn’t fast enough

• <b>The numbers:</b> Procter & Gamble reported net income of $2.56 billion for the quarter ended March 31, marking a 6% increase year on year and beating profit expectations. But sales, at $20.6 billion, slightly missed analyst expectations of $20.7 billion. The company also gave a disappointing earnings …

Investing

Here’s what Apple is most likely to release next

Predicting what products Apple will roll out next is a cottage industry so robust it has its own ecosystem of devoted news sites, but that doesn’t mean there isn’t signal in all the rumor noise. Here, based on the leaks that have come out already, are the products that are most likely to constitute …

Google Glass

Citi shareholders still aren’t happy, but at least they are in a better mood this year

Was it only last year that Citigroup executives and board members were dealing with angry shareholders at the bank’s annual meeting? At this year’s gathering, there was still concern from investors (video) at Citi’s lagging performance. But at least they didn’t revolt like last year. The bank’s …

Investing

Qualcomm rakes in $6.12 billion in revenue during Q2 2013

Qualcomm has come out with its Q2 2013 quarterly earnings, and things are looking pretty mixed for the chip maker. The company posted a revenue of …

Galaxy S4

Has Apple Fallen?

Apple reported a year-over-year earnings decline for the first time in a decade. Its stock has corrected severely, giving back 40% of its gains over the last ten years (chart). Is this the beginning of the end, or just a correction of expectations that were out of line?<p>Apple’s business is driven by …

Barry Sanders Tackles Adrian Peterson To Win Madden NFL 25 Cover Honors

Barry Sanders has made history. The co-cover athlete of EA Sports NCAA Football 13 (along with Washington Redskins quarterback Robert Griffin III) is now keeping the Detroit Lions streak going in the first ever back-to-back Madden cover honors. Sanders beat out Minnesota Vikings running back, and …