The Standard & Poor’s 500 closed at its highest in five years on Friday after a report showed that hiring held up in December, giving stocks an early lift. The S&P 500 finished up 7.10 points at...

I am wrong often enough to hurt – but rarely this fast. Richemont just pre-announced a big sales increase. I expected at best low single-digit sales increases and the company to guide down. Iblogged about it only on Friday....