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

    Hold! The S&P 500 has closed less than 1% higher or lower in the past 47 trading days, the longest streak since 1995.

    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 MORE

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

    Retail investors voted just 27% of their shares during proxy elections this fall.

    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 MORE

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

    Sallie Krawcheck is investing in a fund focused on companies that promote gender diversity.

    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 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 has taken $235 million in charges tied to fraud at its Mexican subsidiary Banamex.

    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 MORE

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

    The S&P 500 climbed above the 1,900 mark on Tuesday, just 172 days after its previous milestone.

    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 MORE

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

    Hedge fund manager David Einhorn thinks we're in the middle of another tech stock bubble.

    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 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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