The once-deflated Nasdaq has fully reflated. For the past 15 years, chatter about the Nasdaq 5000 was mainly in the past tense, a historical remnant of the dot-com stock bubble era.
FILE - In this May 16, 2012 file photo, a taxi passes in front of the Nasdaq MarketSite in New York's Times Square. After fifteen long years, the Nasdaq is close to topping its all-time high of 5,048.62, set on March 10, 2000.
Bill Gross on Monday said the Nasdaq hitting 5,000 represents "a little bit of a bubble" in some technology stocks, including those that are up 10 percent and 15 percent year to date.
(Bloomberg) -- American consumers are treating the windfall from the plunge in fuel prices judiciously -- spending some and saving the rest -- signaling the boost to economic growth will be long-lasting.
PayPal is purchasing startup Paydiant to strength its mobile wallet offerings as competition in the space grows. PayPal didn't disclose how much it is paying for the Wellesley, Massachusetts, company, which has a platform that companies can use to build their ...