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Stocks soar more than 400 points

Traders work on the floor of the New York Stock Exchange in New York, Thursday, Dec. 18, 2014. AP Photo/Seth Wenig Stocks soared a day after the Federal Reserve's holiday gift to investors.The Dow Jones industrial average soared 420 points on Thursday, or 2.4 percent, to close at 17,778, its biggest gain of the year. Over the last two trading sessions the blue-chip chip index has gained more than 700 points, the best two-day performance for the Dow. The Standard & Poor's 500 rose 48 points, or 2.4 percent, to end at 2,061, while the Nasdaq composite index added 104 points to 4,078.Oracle (ORCL) led a rally in technology shares after the business software maker reported earnings that were better than expected.Energy stocks lagged the market as the price of crude oil turned lower, erasing an early gain.Stocks are building on a rally that was driven by steadying oil prices and comments from the Fed Wednesday after its last policy meeting of the year. Stocks spiked after the Fed said that while it was edging closer to raising interest rates from close to zero, it will be "patient" in deciding when to do so. Fed Chair Janet Yellen said she foresaw no rate hike in the first quarter of 2015.Investors shrugged off a renewed decline in oil prices. After starting the day higher, benchmark U.S. crude resumed its slide by mid-morning. The price of U.S. benchmark oil slumped $2.36, or 4.2 percent, cents, to $54.11 after rising as high as $58.71 in morning trading. Oil has plunged sin...  

La Liga schedule and preview, Week 16: Barcelona, Atlético Madrid can make ...

Gonzalo Arroyo Moreno/Getty Images With Real Madrid away for the Club World Cup, Barca and Atléti can close the gap at the top entering the winter break. Real Madrid will enter the winter break as the top club in La Liga despite the fact they don't play this week. Los Blancos are participating in the FIFA Club World Cup -- they face San Lorenzo in the final on Saturday -- so they're match for the week is pushed back to early February. With the leaders idle, both Barcelona and Atlético Madrid have a chance to make up some points after their slip-ups last week. Barca face 18th-placed Córdoba at the Camp Nou, a match they'll be expected to win comfortably. Atléti are hoping to bounce back from a disappointing loss against Villarreal as they travel to face inconsistent Athletic Club. Friday's matchup between Celta Vigo and Almería probably isn't going to be on anyone's radar, but it's still worth mentioning. Is it because Celta have lost four straight matches and Almería have lost three in a row? Nope. It's the return of Juan Ignacio Martinez to the top flight after he got Real Valladolid relegated last season. Hopefully things will go better this time around for JIM. Just a reminder, these are final matches in La Liga for 2014. The league will take a winter break and return to action on Janaury 3rd. Here's the full schedule for the final match week of the year. Friday, December 19 Celta Vigo vs. Almería | 2:45 p.m. ET, 8:45 p.m. CEST Satu...  

Value Won't Be Enough To Save Emerging Markets Next Year

Emerging markets are risky business. It´s become increasingly difficult for investors to play these markets passively through index funds like ETFs. Pick a country, and you might get a wrong. It´s a stock pickers world. But top down investors know that sometimes a stock is cheap for a reason: the country that it operates in is struggling politically. “We do not think 2015 will be a good year for emerging markets, far from it,” says Tony Volpon, head of emerging markets Americas for Nomura Securities in New York. At present valuations, and given the vigorous policy reaction we could see in many countries, some emerging markets could bounceback in the near term. Neverthless, cheap valuations won´t save emerging market funds next year, major investment firms like Schroders and USAA are warning their clients. Money managers told FORBES that companies like Russian energy giant Gazprom, trading at just 4 times forward earnings at the time, were a must buy because it was so cheap. But less than a month later, the natural gas company is trading now at just 3.12x, having been hit by Western sanctions that clobbered investor sentiment and shut the spigot to Western banks. Investment firms cautiously optimistic at best on their outlook for emerging markets in 2015. Earlier this year, global emerging markets look supported by strong domestic demand in China and reform potential in India, this year´s emerging market darling. However, challenges re...  

What would make a baseball hat be worth $300000?

Great all-round baseball player, Babe Ruth (George Herman Ruth, 1895 – 1948) shakes hands with the 29th President of the USA, Warren Harding. After the handshake Babe Ruth hit a home run to help his team, the New York Yankees win the third game of the series with the Wash. (Photo by Keystone/Getty Images) NEW YORK– A baseball hat Babe Ruth wore during his 1934 tour of Japan just sold for $303,277 on the site Grey Flannel Auctions. The navy blue hat emblazoned with a “US” logo is believed to be the only hat the legendary slugger wore during the monthlong tour, according to Grey Flannel Auctions — except when he swapped the cap for a little leaguer’s hat, resulting in the classic photo of the Sultan of Swat with a tiny hat perched on his head. Other big-ticket baseball memorabilia items that sold in Wednesday’s auction include a Joe DiMaggio 1937 baseball cap that fetched over $150,000 and a 1932 Yankees ball, signed by both Ruth and Lou Gehrig, which went for just over $115,000. A pair of baby blue Converse shoes that basketball great Michael Jordan wore during his 1981-82 season at the University of North Carolina sold for just over $33,000. The leather high-tops are autographed and according to Grey Flannel Auctions are “the earliest known, fully documented pair of Jordan sneakers that exist.” Don’t worry if you were left out of this auction — you’ve still got a chance to own sports hist...  

Peach Health Benefits: Protects Vision, Helps With Digestion, Prevents Diabetes

(Photo : wikipedia.org) Peach is a widely adored delicious juicy fruit. It is origins from China and now popular in all over the world. The health benefits of peaches are merely known to its regular eater. Peaches are a rich source of vitamins, minerals, antioxidant and other chemical contents.Like Us on Facebook This fruit looks like an apple in shape measuring about 7-10 cm in diameter and about 130g in weight. It is naturally juicy and sweet with a lovely aroma. Here are seven major nutrition and health benefits of peaches with some serving process, according to organicfacts.net. Peaches store a broad range of nutrients that are vital for the healthy functioning of the body. Peaches are a rich provider of vitamin A, beta-carotene, and vitamin C (ascorbic acid). They are also a good source of vitamin E (alpha-tocopherol), vitamin K (phylloquinone), vitamin B1 (thiamine), vitamin B2 (riboflavin), vitamin B3 (niacin), vitamin B-6, folate, and pantothenic acid. Peaches also offer a rich treasure of minerals such as calcium, potassium, magnesium, iron, manganese, phosphorous, zinc, and copper. Peaches are low in calories, contain no saturated fat or cholesterol, and are a good source of dietary fiber, according to organicfacts.net. Health Benefits of Peaches Prevents Cancer Peaches are rich with antioxidants that help prevent cancerous cell growth. Peaches are known particularly for effectively protecting the body against lung, colon and oral ca...  

Google Partners With Indian Manufacturer Karbonn On Upcoming 'Android One ...

Google Inc. has teamed up with Indian mobile manufacturer Karbonn on the upcoming Android One program, a line of low-cost smartphones targeted at emerging markets. The Mountain View, California-based company is expected to release the first Android One phones in the first quarter of 2015.ADVERTISEMENT “We have had an excellent response on Android One devices. We believe that Android One will mature over time. Our partnership for Android One is going to be long term,” Shashin Devsare, Executive Director of Karbonn Mobiles told BGR India at the Dream 500 Million Smartphones event in New Delhi. Google announced its Android One program in June at its I/O Conference and began releasing handsets, the Dream UNO Mi-498, the Canvas A1 and the Sparkle V in September. The devices all include a standard template of specifications that are not that remarkable, but are good for devices priced at or around $100. The devices include 3G data, Wi-Fi, Bluetooth and GPS. While little is known about upcoming Android One smartphones, they are expected to feature Qualcomm processors. Chip manufacturer Qualcomm has released a host of budget market processors with updated technology, such as 64-bit capability, in the last two years. If true, chips such as those in the Snapdragon 200 series or Snapdragon 400 series could be used in low-end devices like the Android one Smartphones. The Android One program aims to make smartphones accessible and affo...  

Pak to world hockey: 'Unite against India's overbearing attitude'

Days after tendering a written unconditional apology, chief coach of the Pakistan hockey team Shahnaz Sheikh has claimed that it was forced upon him by Hockey India and International Hockey Federation (FIH) after spending ‘tough hours’ with them. He also called on the other nations to ‘unite against the overbearing attitude of India in world hockey and how they were trying to influence the game.’ Sheikh further alleged that the entire episode was a ‘conspiracy’ to ensure Pakistan did not beat Germany in the Champions Trophy final last Sunday in Bhubaneswar. “What happened in Bhubaneswar was a conspiracy against our team, a clear case of victimisation where an apology was forced upon us which I submitted in the interest of Pakistan hockey,” he told the Associated Press of Pakistan in an interview. Shahnaz strongly defended his players for their post-match celebrations and added that a non-issue was blown out of proportions to victimise Pakistan players. After beating India 4-3 in an epic semifinal clash in front of a packed Kalinga Stadium, the Pakistani players indulged in lewd celebrations. Sheikh ran on the pitch and slapped his second goalkeeper Amjad Ali while ordering the rest of the team to leave the field. The FIH, after initially not imposing any sanctions on them, suspended Ali and midfielder Muhammad Tousik while reprimanding Shafqat Rasool. However, they acted only after Hockey India threate...  

In Chile, Indigenous Groups Push Back

Photographer: Cristobal Olivares for Bloomberg BusinessweekPampa Colorada, an area that an indigenous community has kept pristine. Wilson Galleguillos watches the wind whip up dust clouds above the waste deposits of the Radomiro Tomic copper mine in northern Chile. He says the dust falls on the fields of Chiu Chiu, his village 3 miles away, and that the chemicals in it damage the harvest. Nestled in the valley of Alto Loa, this indigenous community of 300—descendants of the Atacameños, who lived in the desert valleys long before the Spanish arrived—couldn’t stop construction of the mine 20 years ago. Since Chile’s 2008 adoption of a global accord on indigenous rights, state-owned miner Codelco must consult with them over its planned $5.4 billion expansion. That means Codelco and other mining companies have to meet with indigenous communities to consider the impact a big project would have on their rights and customs. It’s a messy process. Ideally, a consultation allows a company to proceed with its plans while making adjustments to spare the indigenous people, their customs, and their livelihoods. Although the law doesn’t require that the indigenous communities consent before the project gets under way, indigenous leaders can delay development by refusing to meet with the company or suing it for failing to consult in good faith. Says Galleguillos, a village leader and potter by trade: “I don’t even w...  

FOREX-Dollar edges higher in wake of Fed statement, Swiss rate move

* Dollar hits 28-month high against franc after Swiss rate cut * Dollar gains against euro, yen after Fed* Dollar rebounds against rouble (Adds comments, updates prices)By Sam ForgioneNEW YORK, Dec 18 (Reuters) - The U.S. dollar rose against major currencies for a second straight session on Thursday in the wake of the Federal Reserve's signals that it could hike rates soon and looser monetary policy overseas.The greenback hit a 28-month high against the Swiss franc at 0.9847 franc after the Swiss National Bank said it would impose an interest rate of -0.25 percent on some large deposits held by investors in francs, as it seeks to discourage buying of the currency as a safe haven.The euro hit its lowest level against the dollar since Dec. 8, at $1.2266, while the dollar also hit a one-week high against the Japanese yen of 119.30 yen a day after the Fed altered a pledge to keep rates near zero for a "considerable time" in a show of confidence in the U.S. economy.The contrast between approaching tighter monetary policy in the U.S. and looser policies in Europe, Japan, and Switzerland "could not be starker" and continued to push the dollar higher, said Shaun Osborne, chief currency strategist at TD Securities in Toronto.Rate increases are expected to boost the greenback by driving investment flows into the United States. The Fed's upbeat assessment of the U.S. economy also helped the dollar extend gains against the safe-haven yen.The dollar rose against the rouble, meanwhile, aft...  

Stocks: Did You Match The Market This Year?

The end of 2014 is closing in rapidly and it’s beginning to look like another double-digit year for the broad index of stocks known as the S&P 500. At this writing, the index is up 10.65% year to date. If you owned it through an index fund such as the SPDR S&P 500 (SPY) you also got the dividends paid out, at this point a return equal to 1.79% on top of your price gain. If the market stays at about this level, that’s comfortably over 12% on the year just for holding a single index fund. You didn’t have to buy and sell. You didn’t have to guess which stocks would do better or worse. All you had to do was match the market. Yes, some individual stocks did much better. And some individual stocks did much, much worse. You might have picked the right 10 or 12 stocks — or not. At the beginning of the year, more than a few pundits predicted a weak year for stocks, particularly after the huge run-up we saw in 2013. Many of them now call stocks “expensive” or “fully priced.” Some are projecting a lower return from stocks for years to come. And maybe they’re right. All we know for sure is that if you spent 2014 sitting on cash, you absolutely missed another double-digit year and even lost a little ground due to inflation. That’s the whole point of portfolio indexing. Guessing right the direction of any given asset class is not just hard to d...  


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