Recent Posts

OPEC producer Angola scraps kwanza, U.S. dollar peg

Simon Dawson | Bloomberg | Getty Images The logo for Sonangol, Angola’s state oil company, illuminated above passing traffic in the capital Luanda on November 7, 2013. Angola, OPEC producer and one of sub-Saharan Africa’s largest economies, unveiled two economic overhauls this week. Central bank Governor Jose Massano and Finance …

Read More »

Sonic tops first-quarter profit forecasts

Daniel Acker | Bloomberg | Getty Images An employee delivers food at a Sonic drive-in restaurant in Normal, Illinois. Sonic on Thursday reported fiscal first-quarter profit of $11.4 million. The Oklahoma City-based company said it had profit of 29 cents per share. Earnings, adjusted for non-recurring costs, were 30 cents …

Read More »

Netflix could surge another 20 percent, says technical analyst

Investors have been binging on Netflix this week, sending the stock to all-time highs. TradingAnalysis.com’s Todd Gordon says the streaming platform’s run is hardly done. According to Gordon, the stock just broke out of a consolidation near the $200 region, and based on one market theory Netflix is set to …

Read More »