Walter Todd

Walter Todd News

  • Tech Stocks Are Cheapest in Seven Years

    U.S. technology stocks, the second- best industry of the past decade, have fallen to the cheapest levels in at least seven years and are vulnerable to more losses as analysts reduce second-quarter profit estimates.

  • Human Beats Machine This Time as Fake Report Roils Stocks

    When a false report of explosions at the White House instantly wiped more than $136 billion off the value of U.S. stocks, Jonathan Corpina didn’t need a powerful computer.

  • Fake Post Erasing $136 Billion Shows Markets Need Humans

    A false report of explosions at the White House that wiped out $136 billion from the Standard & Poor’s 500 Index in about two minutes highlighted the risks of the computerized trading that dominates the $18 trillion market.

  • Emerging Stocks Fall on Commodity Plunge as Brazil Slumps

    Emerging stocks fell to a four- month low, led by energy companies, as declining commodities prices dragged down equities from Brazil to Russia.

  • S&P 500 Rally Shows Analysts Slow or Investors Sanguine

    The advance that pushed the Standard & Poor’s 500 Index to a record left companies trading closer to analyst price estimates than any time in at least seven years.

  • Emerging Stocks Cap Longest Drop Since November on Cyprus

    Emerging stocks fell a seventh day, capping the longest slump since November, as Cyprus lawmakers rejected a tax on bank deposits needed to win a financial bailout. Mexican stocks sank to a three-month low.

  • Dow Average Rises to 5-Year High; Euro, Italy Bonds Gain

    Stocks rallied, sending the Dow Jones Industrial Average to the highest since October 2007, as Italy sold debt amid political turmoil and U.S. data bolstered confidence in the world’s largest economy. The euro rebounded from a seven-week low and Italian 10-year bonds gained.

  • Bats Highlights Hazards as Flows to Funds Hit Record

    Bats Global Markets Inc.’s disclosure that computer errors that permitted almost 450,000 bad trades comes just as investors start to regain confidence in stock markets.

  • Buffett’s Cash Makes General Mills to Grainger Targets

    The $23 billion takeover of H.J. Heinz Co. isn’t enough to sate billionaire Warren Buffett.

  • U.S. Stocks Fall on Confidence Data as Pound Gains on BOE

    U.S. stocks declined as an index of consumer sentiment unexpectedly fell, while the pound strengthened after Bank of England Governor <a href="blpnews:linkid=X3RV3DQJ4GTV&peplid=1495538&pepllastname=King&peplfirstname=Mervyn_Allister&peplcompanyname=Bank_Of_England/London&peplcompanynumber=49321&peplwhohits=764&pepltitle=Governor&interviewstatus=0&interviewdate=2013-03-15_09_43_22&interviewreporterpepl=0&intervieweditorpepl=3214638&intervieweditoremail=skirkland@bloomberg.net&interviewsource=News_Reporter_Software&srange=184&erange=195">Mervyn King</a> said policy makers aren’t trying to weaken the currency.

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