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US stock market daily report (December 31, 2013, Tuesday)
As the clock slowly ticks down toward the end of 2013 on Tuesday, 2014 could likely bring more celebration for world financial markets. Wall Street is on track for its best year since 1997 with a 29% gain. World stock markets are ending 2013 close to six-year peaks with benchmark bond yields poised for their first annual rise since 2009 as investors celebrated an improvement in global growth with expectations of more good to come for the global economy, in the New Year. With an improving economic outlook, during 2013, stocks are celebrating a vintage year.
We take this time to wish all our avid readers a Very Happy & Prosperous 2014!
We now bring you some of the top news stories from, 2013.
Boston Marathon bombing
During the Boston Marathon on April 15, 2013, two pressure cooker bombs exploded at 2:49pm ET, killing 3 people and injured nearly 264 others. Perpetrators identified as two Chechen brothers one deceased and the other in solitary confinement, facing trial in 2014.
CEO Steve Ballmer will retire and whoever is in line to replace him, will inherit a new management structure that encourages more collaboration between divisions and a newfound focus on devices and services, rather than software alone. Microsoft is expected to be a much different tech company in 2014.
Edward Snowden, Traitor or Patriot
Leaks by former NSA contractor Edward Snowden remind us of what we’ve given up in exchange for growing more dependent on Internet services to keep our lives in order. The Prism program consists of NSA collecting swaths of data about users, from major tech companies. The U.S. government has been tapping into Internet gateways, keeping tabs on world leaders, using tracking cookies to monitor persons of interest, collecting location data worldwide and even, spying on online games.
Apple iOS 7
Apple gave its mobile operating system a major face-lift with iOS 7. The new iOS offers a more modern, flat design that polarized critics from day one. The new iPhone 5c was introduced by Apple, with a colorful plastic casing instead of aluminum. The tech giant could be planning another huge product line for the upcoming new year.
BlackBerry Rotting on the Vine
Twelve months after the launch of the flagship touch screen BlackBerry Z10 that crashed and burned at retail, the company is on its last legs. In November, BlackBerry’s directors abruptly scuttled a plan to go private, cut ties with CEO Thorsten Heins as well as numerous other executives, offering no clear vision for the company’s future.
Legacy of Nelson Mandela
Nelson Mandela, at the age of 95, passed away on December 5. Mandela leaves behind a legacy that extended far beyond ending 46 years of apartheid in South Africa. He inspired generations around the world to fight not just for racial equality, but for inclusiveness. His memorial was graced by the presence of over 91 world leaders for the largest gathering in the continent's history.
Paula Deen Southern Charm Falters
Paula Deen, former celebrity chef, is proof of how quickly the famous and wealthy can fall, and fall hard she did. Deen was found to have made racially charged comments resulting in a racial discrimination and sexual harassment lawsuit filed by a former employee against her and her brother. The suit was settled in August after, the Food Network dropped Deen.
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