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Author Archives: Matt Egan
  • Where's the drama on Wall Street?

    The Dow may have fallen more than 100 points on Tuesday, but don't let that minor selloff fool you. The stock market is enjoying its longest stretch of calm since Mel Gibson battled the Brits as William Wallace in the blockbuster film "Braveheart."

    During the turbulent days of 2008-2011, Wall Street experienced 1% moves almost regularly amid deep disagreement over the state of the global economy.

    But the S&P 500 has gone 47 MORE

    - Jun 25, 2014 12:30 PM ET
  • Just 27% of investors bother to vote

    If retail investors received a "participation" grade, they'd definitely be flunking.

    A key benefit of owning shares in a company -- besides the gains or losses as the stock moves -- is the ability to vote in corporate elections. Shareholders get a voice in many key decisions, including the approval of members on the company's board of directors.

    It's a lot of power, but average Joe's who own stock rarely bother to exercise MORE

    - Jun 12, 2014 8:30 AM ET
  • Sallie Krawcheck invests in pro-women fund

    Sallie Krawcheck has long preached the financial benefits of gender diversity in Corporate America.

    The former Wall Street executive is now putting her money where her mouth is.

    On Wednesday, Krawcheck took a major stake in the first and only mutual fund in the U.S. that focuses on investing in companies with strong track records for advancing female leadership.

    "While gender diversity is a nice-to-do, I have become convinced that gender diversity is MORE

    - Jun 4, 2014 12:47 PM ET
  • Look out below! DSW stock falls 27%

    Cue the jokes about a shoe dropping or not fitting.

    DSW, the popular discount shoe retailer that allows customers to browse through thousands of shoes warehouse style, is having anything but a Cinderella moment.

    The footwear and accessories retailer dropped a bomb on investors on Wednesday, revealing shrinking sales and a diminished outlook for the rest of the year. DSW (DSW) blamed the bad news on severe weather, tumbling women's shoe sales MORE

    - May 28, 2014 3:32 PM ET
  • Best Buy to Silicon Valley: Please innovate more!

    Best Buy's rehabilitation efforts have run into a formidable challenge: A shortage of sexy new products to breathe life into sagging sales.

    Retailers are having enough trouble luring customers into their cavernous stores, especially customers who want to buy and not just play with toys they can purchase online for cheaper.

    But Best Buy (BBY) blamed its latest sales drop on an overall "lack of innovation" hitting the consumer electronics industry. As much MORE

    - May 23, 2014 9:17 AM ET
  • Investors are getting out of U.S. stocks

    Stocks may be near record highs, but investors are getting out.

    New data released Wednesday show investors have slashed their exposure to U.S. stocks in recent weeks, choosing instead to pile into bonds or simply hold cash.

    Many are still fearful of another major drop in the stock market, and they aren't sure how to read the current conditions. It's a peculiar period in the market with tumbling small-cap stocks, diminished volatility and low interest MORE

    - May 22, 2014 6:37 AM ET
  • Heads roll at Citigroup over fraud in Mexico

    Citigroup (C) has axed another 11 employees over the embarrassing and costly fraud unearthed at the bank's Mexican subsidiary Banamex.

    The terminations include four managing directors, two of whom are business heads in Mexico, Citi said in an internal memo to employees Wednesday.

    Citi said its ongoing investigation has identified additional employees who could be at fault and expects that several will receive disciplinary action. The bank previously announced the firing of MORE

    - May 14, 2014 11:27 AM ET
  • Don't blink: Stocks race past milestones

    Records are falling on Wall Street faster than you can say "high-frequency trading."

    After crossing over the 1,500 line in March 2000, it took the broad index a long time -- 4,790 days -- to break through the 1,600 mark, according to S&P Dow Jones Indices. That's more than 13 years! No wonder that period is known as Wall Street's "Lost Decade."

    But it's been a rapid climb since 2013.

    Consider: When the MORE

    - May 14, 2014 8:16 AM ET
  • 5 investing tips from hedge fund titans

    Some of the world's most successful hedge fund managers gathered in Manhattan on Monday to share their investing strategies on everything from the U.S. housing market to when to do business with Vladimir Putin.

    Many attendees at the 19th Annual Ira Sohn Investor Conference plopped down $4,000 a piece to hear tips from these titans of finance. Here are five top tips you can follow in case you weren't able to MORE

    - May 5, 2014 7:34 PM ET
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About This Author
Matt Egan
Matt Egan
Staff Writer, CNNMoney

Matt Egan is a staff writer for CNNMoney’s markets and investing section. He covers Wall Street, hedge funds, geopolitics, emerging markets, M&A moves and cyber security. He previously worked as a senior reporter at Follow him on Twitter @MattMEgan5

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Stupid Stock Move of the Day
#StupidStock Move of the Day! Yes, Urban Outfitters may be finally turnings things around. But $URBN up 17%? Seems a bit excessive, no?
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