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Author Archives: Ben Rooney
  • Puerto Rico to raise $3 billion in bond sale

    Puerto Rico plans to sell $3 billion in bonds Tuesday, as the Caribbean island struggles to shore up its finances.

    The sale of tax-free, general obligation bonds would be the first in two years for Puerto Rico and comes after the three main credit rating agencies cut the commonwealth's rating to junk in February.

    The final price has yet to be announced, but analysts say the bonds will come with an 8% MORE

    - Mar 11, 2014 12:44 PM ET
  • Ackman to take Herbalife war to China

    Bill Ackman has said he will go "to the end of the earth" to bring down Herbalife. Tomorrow, he will take the fight to China.

    The hedge fund billionaire plans to unveil new evidence Tuesday that he says shows Herbalife (HLF), which sells nutritional supplements through a network of independent distributors, is operating in violation of Chinese law.

    Pershing Square Capital Management, Ackman's $11 billion hedge fund, will release a report showing MORE

    - Mar 10, 2014 11:53 AM ET
  • Stocks: 2013 is one for the record books.

    Here's a fun fact: The stock market, as measured by the S&P 500 (SPX), had its strongest performance this year since the Wolf of Wall Street roamed lower Manhattan.

    The broad market gauge has gained 29.6% in 2013, its biggest jump since 1997 -- the year before Jordan Belfort, the hard-partying founder of brokerage firm Stratton Oakmont, was indicted for securities fraud and money laundering.

    Belfort, who served nearly two years in MORE

    - Dec 31, 2013 7:22 AM ET
  • JPMorgan in Twitter s#itstorm

    JPMorgan Chase (JPM) went viral on Twitter Wednesday ... and not in a good way.

    The bank, which has already had its share of bad press recently, announced plans to have one of its senior executives, Jimmy Lee, "take over" the @JPMorgan handle Thursday afternoon to answer questions from the social media masses.

    Tomorrow at 1pm ET $JPM Vice Chairman Jimmy Lee takes over @JPMorgan to answer your questions for 1 hour. MORE

    - Nov 14, 2013 10:37 AM ET
  • Angry investors tweet ... about Twitter

    Not all investors are a-Twitter about Thursday's big initial public offering.

    Twitter (TWTR) shares hit the ground running, surging to a high of $50 a share before pulling back to end the day at $44.90. The social media company priced its IPO late Wednesday at $26 a share.

    But the chatter on StockTwits, a Twitter-like service for investors and day traders, was less than flattering at best, and downright vicious at worst.

    Here MORE

    - Nov 7, 2013 12:38 PM ET
    Posted in: , ,
  • Sprouts shares double in IPO

    There's a new organic grocery store on Wall Street. And business is booming.

    Shares of Sprouts Farmers Market (SFM) soared Thursday in the natural foods company's initial public offering.

    Sprouts priced its offering of 18.5 million shares at $18. The stock more than doubled on its first day of trading to end at $40.11 a share.

    The company said Wednesday that it expects to raise nearly $300 million from the sale.

    Phoenix-based Sprouts bills MORE

    - Aug 1, 2013 1:21 PM ET
  • Tesla tries for new highs

    Tesla shares (TSLA) made a run at record highs early Friday in a burst of optimism following an upgrade by Deutsche Bank.

    But the stock struggled to hold the $130 level as the morning wore on, sparking a debate on StockTwits over how much the electric car maker is worth.

    The sky's the limit, say the bulls.

      TeslaMan
    $TSLA so the only question is... all time high before of after lunch? MORE

    - Jul 26, 2013 12:14 PM ET
  • Travel stocks take off

    Investors caught a case of the travel bug Thursday after a blowout quarter from TripAdvisor lifted shares of other online travel companies.

    Shares of TripAdvisor (TRIP) surged 16% after the company said late Wednesday that earnings and revenue jumped in the second quarter, blowing past analysts' estimates.

    Some traders on StockTwits are hoping the trend will continue when Expedia reports quarterly results after the closing bell Thursday.

    Speens
    $EXPE ... I MORE

    - Jul 25, 2013 12:29 PM ET
  • McDonald's: Investors not loving it

    You know times must be tough when McDonald's says consumers are struggling. But are diners really too stretched for the Dollar Menu, or is there something else going on?

    The fast food giant said Monday that global sales and earnings rose in the second quarter, though profits fell short of analysts' expectations.

    McDonald's warned that sales will be "relatively flat" in July and that results will be "challenged" in the second half MORE

    - Jul 22, 2013 2:12 PM ET
  • Bank of America in the hot seat

    Goldman's profits doubled. JPMorgan (JPM) and Citigroup (C) topped expectations. Next up, Bank of America.

    The big banks have reported strong earnings this week, and traders on StockTwits are betting the trend will continue with Bank of America (BAC), which releases second-quarter results Wednesday.

    strategymizer
    $GS great numbers from banks. Now all eyes will turn to $BAC

    Following a blockbuster report from Goldman Sachs (GS), shares Bank of America briefly rose above MORE

    - Jul 16, 2013 2:10 PM ET
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About This Author
Ben Rooney
Ben Rooney
Staff writer, CNNMoney

Ben Rooney is a staff writer for CNNMoney. He covers the European debt crisis and other international finance stories, in addition to writing about stocks, bonds, investing and other Wall Street-related news.

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Stupid Stock Move of the Day
#StupidStock Move of the Day! Yes. Before 10. $CSCO up on buy rating? Sure, it's safe dividend tech. But isn't Heartbleed router news bad?
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