Finance Feed

Wall Street ends flat in quiet end to dramatic week | Reuters

Wall Street ended a tumultuous week with a flat close on Friday as investors shrugged off concerns that a September rate rise was more likely than some investors expected.

Shares traded lower earlier in the session after Fed Vice Chairman Stanley Fischer told CNBC the Fed had not yet decided whether to raise interest rates in September. However, the market largely recovered in the final moments of trade. (Full Story)

via www.reuters.com


REPORT: 2nd Quarter GDP up 3.7%

Real gross domestic product -- the value of the goods and services produced by the nation's economy less the value of the goods and services used up in production, adjusted for price changes -- increased at an annual rate of 3.7 percent in the second quarter of 2015, according to the "second" estimate released by the Bureau of Economic Analysis.  In the first quarter, real GDP increased 0.6 percent.   

The full text of the release on BEA's Web site can be found at www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm


Winkel, Parker & Foster, CPA PC added to the Corridor Search business directory

The Coralville Courier is pleased to announce the addition of Winkel, Parker & Foster, CPA PC to the 'Accountants & Tax Services' category in the Corridor Search business directory.

WPFWinkel, Parker & Foster, CPA PC

Our firm provides outstanding service to our clients because of our dedication to the three underlying principles of professionalism, responsiveness and quality.

Professionalism

Our firm is one of the leading firms in the area. By combining our expertise, experience and the energy of our staff, each client receives close personal and professional attention.Our high standards, service and specialized staff spell the difference between our outstanding performance, and other firms. We make sure that every client is served by the expertise of our whole firm.

Responsiveness

Our firm is responsive. Companies who choose our firm rely on competent advice and fast, accurate personnel. We provide total financial services to individuals, large and small businesses and other agencies.To see a listing of our services, please take a moment and look at our services page. Because we get new business from the people who know us best, client referrals have fueled our growth in the recent years.
Through hard work, we have earned the respect of the business and financial communities. This respect illustrates our diverse talents, dedication and ability to respond quickly.

Quality

An accounting firm is known for the quality of its service. Our firm's reputation reflects the high standards we demand of ourselves.Our primary goal as a trusted advisor is to be available and to provide insightful advice to enable our clients to make informed financial decisions.  We do not accept anything less from ourselves and this is what we deliver to you.  We feel it is extremely important to continually professionally educate ourselves to improve our technical expertise, financial knowledge and service to our clients.  Our high service quality and "raving fan" clients are the result of our commitment to excellence.  We will answer all of your questions, as they impact both your tax and financial situations.  We welcome you to contact us anytime.

Peer review results

Every three years, CPA firms are required to obtain an independent peer review of their system of quality control for their accounting and auditing practice.  The most recent peer review report received by Winkel, Parker & Foster, CPA PC expressed an unqualified opinion.  Our firm received a rating of pass, which is the most positive report that can be received.

via wpf-cpa.com


H&H Home Builders added to the Corridor Search business directory

The Coralville Courier is pleased to announce the addition of H&H Home Builders to the 'Home Builders', 'Home Improvement' and 'Contractors, General' categories in the Corridor Search business directory.

H&H Home Builders“Certified Green Builders of Iowa”

H&H Home Builders, your certified green builders of Iowa have been constructing Energy Star Compliant homes since bursting onto the building landscape in 1995 as "North Liberty’s Premier Builder." H&H Home Builders feel very fortunate to be a vital part of quality, growth and development in our area and would like to offer their services to you as part of your next quality building experience. H&H designs and builds high quality custom homes in the Iowa City, Cedar Rapids Corridor at reasonable rates. "The Name Means Quality"

Our Commitment to Green Building:

H&H Custom Home Builders have constructed Energy Star Compliant homes since we burst onto the building landscape in 1995 as ‘North Liberty’s Premier Builder’. Since then, Energy Star Guidelines have evolved into what we consider today as the pinnacle of efficiency and we, as builders of ‘green’ homes, have kept pace with those guidelines and have adapted them into each home that we build. H&H Home Builders will build you what is known today as a ‘green’ home, but what has always been lesser known as a ‘sustainable’ home. Sustainable homes are quality built so that they last not just decades, but are built to maintain value, encouraging pride of ownership for generations to come. An H&H ‘green’ Home uses raw materials in a responsible way, using fewer resources, resulting in the use of less energy.

As the standards continue to get tighter, we too will strive to meet and exceed those guidelines; our commitment to you as your builder. We will continue to research and utilize quality building products that are made from recycled and renewable materials. H&H Home Builders offer free consultations and design ideas, various lots to choose from, customization options, and a one year warranty on all new construction. Our homes will always be revered as ‘Quality’ and ‘Valuable’ The choice is yours to make. Let us help you design quality into your next home building experience.

H&H has been featured in Room Magazine & Better Homes and Gardens

Home BuildersH & H Home Builders
North Liberty, Iowa

Randy Hahn
Mobile: 319.936.2030
319-665-2365

Gerald Hingtgen
319.936.2031

via www.hhgreenhome.com


Stock Market Turmoil: Dow Makes Gains After a Day of Turbulence - NBC News

The wild ride isn't over on Wall Street — and this time the big move is up.

Investors were as hungry to buy on Tuesday as they were desperate to sell the day before. The Dow Jones industrial average climbed 350 points at the opening bell, the biggest rally of the year on Wall Street.

China relieved investors by stepping in overnight to cut interest rates and prop up the world's second-largest economy. Worries about economic growth in China have driven days of chaotic selling in stock markets around the world.

On TODAY, CNBC's Jim Cramer cautioned: "No one ever made a dime panicking."

via www.nbcnews.com


US stocks slump; Dow briefly plunges 1,000 points - Yahoo News

U.S. stocks are closing sharply lower, with the Dow Jones industrial average down more than 588 points and the Standard & Poor's 500 index now down more than 10 percent off its recent high.

The slump is part of a global wave of selling triggered by increased signs of an economic slowdown in China.

The Dow fell 588.47 points, or 3.6 percent, to 15,871.28. The index dropped more than 1,000 points in the opening minutes of trading.

via news.yahoo.com


Wall Street in free-fall as traders ditch stocks amid global rout - Yahoo Finance

Wall Street plummeted early Monday -- with the Dow falling more than 1000 points -- as traders aggressively sold stocks and bid-up only the safest asset classes.

The Dow Jones Industrial Average tumbled 1065.4 points, or 6.5%, to 15419, the S&P 500 plunged 97.6 points, or 4.9%, to 1874, and the Nasdaq Composite dived 328 points, or 7%, to 4385. 

In a sign of the intensity of the selling, trade in S&P 500 and Nasdaq 100 futures was repeatedly halted early Monday after the contract hit the 5% overnight limit. NYSE also invoked so-called "Rule 48," which is used in times of high volatility to smooth the open of trade.

via finance.yahoo.com


U.S. stocks end worst week in four years, as Dow falls by more than 500 - Moneycontrol.com

Investing.com - Investing.com -- U.S. stocks crashed more than 2% for the second straight session as the Dow Jones Industrial Average fell more than 500 points to enter into correction territory, amid weak Chinese manufacturing data and cascading crude oil prices.

The downturn has exacerbated fears of a global economic slowdown, as markets ranging from the U.K. to China also entered correction after declining by more than 10% this week from recent highs.

via www.moneycontrol.com


New York Stock Exchange Suspends Trading - The New York Times

The New York Stock Exchange unexpectedly shut down trading in all of its listed stocks late Wednesday morning.

The exchange did not immediately give an explanation for what caused the shutdown. In an alert on its website, it wrote: “Additional information will follow as soon as possible.”

The New York Stock Exchange, which is now owned by Intercontinental Exchange, has had, like other stock exchanges, technical difficulties in the past, but the scale of the problem on Wednesday has little precedent.

Nearly 45 minutes after the shutdown, there was still little clarity on what was causing the problem. Stocks listed on the New York Stock Exchange continued trading on other exchanges, such as Nasdaq.

via www.nytimes.com


Microsoft reported to weigh Salesforce.com bid

Salesforce.com shares popped Tuesday after a report that Microsoft might be interested in the cloud software company.

According to Bloomberg, Microsoft is considering a bid for Salesforce.com, one week following a report the company was fielding bids for a potential takeover.

Salesforce shares (CRM) closed up 1.6% to $72.75 a share after a brief halt in trading after the news emerged. The stock rose more than 3% after it resumed trading. The company's shares had surged 12% to a record in late April after a report it had hired financial advisers to field takeover inquiries.

via www.usatoday.com