By Mark Russell, Newser Staff

New York has long been home to some of the most expensive apartments in the world. But now the city that never sleeps is getting a new icon of excess -- a $1 million parking spot, reports the New York Post. Buying it would be the same as paying a $115 ticket for illegal parking every day for 24 years, notes the paper.

The 12-by-23-foot spot is located on East 11th Street inside a former eight-story parking garage, which was bought for $120 million and is now being turned into six luxury condos with inside parking. ...

Updated with report on analyst downgrade.

NEW YORK (TheStreet) -- Shares of JPMorgan Chase were down more than 2% Monday afternoon after CEO Jamie Dimon said the bank will suspend its share repurchase program at an investor conference.

The announcement prompted a downgrade from Evercore Partners analyst Andrew Marquardt from overweight rating to equal weight. ...

Click to research the Banking industry.

NEW YORK (TheStreet) --Facebook's IPO has come and gone to a muted reaction, and today's price performance will surely make its bankers cringe.

Facebook's underwriters priced its IPO at $38 a share, selling 421.2 million shares in the offering. The IPO raised $16 billion for the company and its investors, but left little for an after-market pop, rising just 0.6% on Friday. In January, TheStreet conducted a poll, with almost 75% of readers saying they did not think Facebook was worth $100 billion. What do you think of Facebook's IPO?

Facebook's IPO had 31 underwriters, led by Morgan Stanley, JPMorgan and Goldman Sachs. Despite incredible interest in the offering, the underwriters used a significant portion of their allotment defending the $38 level, as investor demand seemed to be waning. ...

By Mark Russell, Newser Staff

Newt Gingrich and Rick Santorum may hate the US national debt, but for now they have a much more local spending fight on their hands -- their personal campaign costs.

As of the end of April, Santorum had $2.3 million in debt versus just $1.3 million in cash reserves, and Gingrich was stuck with a brutal $4.8 million in debt but only $807,000 in cash, reports Politico. ...

NEW YORK (TheStreet) - Wal-Mart and Motorola Mobility Holdings hit 52-week highs on Monday.

Wal-Mart

Shares of Wal-Mart hit a 52-week high on Monday of $62.96. The stock's 52-week low of $48.31 was set on Aug. 10. ...

Click to research the Retail industry.

NEW YORK (TheStreet) -- In case you missed them, here are the top 10 most popular articles and videos on TheStreet today. Sign up for free email delivery of our daily Top 10.

10 Cheapest Sports Cars of 2012 Jason Notte Looking for a good summer sports car? You can buy a great one that doesn't speed through your savings account.

Buy Nokia, Prepare RIM's Grave Rocco Pendola Nokia makes the right moves, while RIM gets set to join Nortel Networks in Canada's corporate graveyard. ...

Click to research the Telecommunications industry.

WINDERMERE, Fla. (Stockpickr) -- Professional traders running mutual funds and hedge funds don't just look at a stock's price moves; they also track big changes in volume activity. Many times when above average volume moves into equity it precedes a large spike in volatility.

Major moves in volume can signal unusual activity, such as insider buying or selling -- or buying or selling by "superinvestors."

>>5 Stocks Set to Soar on Bullish Earnings ...

Click to research the Drugs industry.

NEW YORK (TheStreet) -- Stocks continued to rally in Monday's early afternoon trading, rebounding after their worst weekly performance of 2012

News that the Chinese government plans to undertake measures to boost the world's second largest economy was helping sentiment. Shares of Facebook, which made a shaky public debut on Friday, were diving on Monday, breaking well below their offering price of $38 each and losing roughly 10%.

At last check, the Dow Jones Industrial Average was rising 91 points, 0.7%, at 12,460. The index ran as high as 12,480 earlier in the session. ...

Updated to reflect analyst comments and additional data throughout

NEW YORK (TheStreet) -- Engineering giant Eaton is buying electrical equipment supplier Cooper Industries for $11.8 billion, making the industrial merger the largest U.S. acquisition of 2012, and bolstering expectations for additional M&A in the sector.

The deal values Cooper Industries at $72 per share, a 29% premium to its Friday close. It is expected to add to Eaton's earnings per share and bolster the Cleveland-based company's revenue by roughly a third through an expansion of its power systems and electrical products businesses and geographic reach. ...

Click to research the Industrial industry.

NEW YORK (TheStreet) -- Strategic Mindset: Our Strategic Mindset at Top Gun Options changed two weeks ago from market neutral with a bearish bias to bearish.

Target: Green Mountain Coffee Roasters trading at $23.54.

...

Click to research the Food & Beverage industry.

NEW YORK (TheStreet) -- It was really inevitable. As hot sectors mature, the multiple folks are willing to pay for earnings has to decline, toward that of the market as a whole.

So this month, all the big cloud-related stocks have fallen faster than the market. Rackspace, Red Hat and VMWare are all down over 10% this month, a move that has accelerated as the month has gone on.

One result is that their price-to-earnings multiples are almost getting affordable. VMWare is down to 55, still rich but more in line with the 21.74 of EMC, which owns 80% of it. ...

Click to research the Retail industry.

NEW YORK (TheStreet) -- U.S. stocks were rising midday Monday on news China was undertaking measures to boost the world's second-largest economy.

The Dow Jones Industrial Average rose nearly 87 points, or 0.7%, to 12,456 midday Monday. Leading the Dow higher were Caterpillar and Boeing.

Shares of Caterpillar gained 3% to $991.34. The stock has risen 0.82%, year to date. ...

Click to research the Conglomerates industry.

This column originally appeared on Real Money Pro at 9:39 a.m. EDT on May 21.

NEW YORK (Real Money) -- After traveling for most of last week, I wanted to address the two most important questions facing investors and traders:

Why has the market plummeted? ...

Click to research the Banking industry.

NEW YORK (TheStreet) -- Facebook made a mixed market debut on Friday but it could be beneficial to the company in the long run if this pullback leads to a tempering of expectations.

A multitude of issues impacted Friday's action in the stock. The Nasdaq exchange had to delay opening the shares, and underwriters reportedly stepped in and bought the stock when it touched the IPO pricing level of $38 per share at numerous times during the session. Both of these occurrences are never a good sign but taking these kind of hits early and alleviating some of the hype around the social networking giant may ultimately be a positive.

Wedbush Securities analyst Michael Pachter believes the underwriters may have overestimated the demand for shares on Friday, by adding an additional 84 million shares to the offering. However, Pachter still believes that Facebook has "huge upside potential for revenue and earnings growth," given its size and reach in the advertising markets. Pachter rates shares of Facebook "outperform" with a $44 price target. ...

NEW YORK (MainStreet) -- What's happening in small business today?

1. Why every entrepreneur needs a mentor. Finding someone you can bounce ideas off of and who is willing to tell you the truth will be much more valuable than turning to friends and family who will likely just say "yes" to support you, according to a blog post by Rieva Lesonsky, CEO of GrowBizMedia.

So how do you find the right mentor for your business? By getting out there and meeting people at events, through friends, even on Twitter, for instance. Make sure though to find someone in a position to be directly relevant to your business, as well as someone who has the time and inclination to help you, the article says. ...

Click to research the Financial Services industry.

NEW YORK (TheStreet) -- The decline in stocks gained negative momentum with technical sell signals across all major averages at the May 11 weekly closes.

The key trigger level for the upside and downside this year has been my annual pivot at 1363.2 on the S&P 500. On Friday, March 9 the weekly close was above 1363.2, which signaled new highs for the Dow Jones Industrial Average, S&P 500 and Nasdaq.

The Nasdaq was the first to peak, at 3,134 on March 27. The S&P 500 followed, with a high at 1422 on April 2. The Dow Industrials followed with a peak at 13,339 on May 1. These highs were confirmed as the 2012 highs with the close on Friday, May 11 back below 1363.2 on the S&P 500. ...

NEW YORK (TheStreet) -- Apple's iPhone 3GS could become a pre-paid phone, and Apple's Chinese supplier is ramping up production for none other than ... Apple.

Foxconn is reportedly spending up to $210 million in new production capacity for Apple, which will happen in October, according to China Daily.

Foxconn is Apple's main Chinese supplier and produces iPads, iPods, Macs and iPhones, but the report didn't say for what the plant would be used. ...

Click to research the Computer Hardware industry.

WINDERMERE, Fla. (Stockpickr) - Short-sellers hate being caught short a stock that reports a blowout quarter. When this happens, we often see a tradable short-squeeze develop as the bears rush to cover their positions to avoid big losses. Even the best short-sellers know that it's never a great idea to stay short once a bullish earnings report sparks a big short-covering rally.

This is why I scan the market for heavily shorted stocks that are about to report earnings. You only need to find a few of these stocks in a year to help enhance your portfolio returns -- the gains become so outsized in such a short timeframe that your profits add up quickly.

That said, let's not forget that stocks are heavily shorted for a reason, so you have to use trading discipline and sound money management when playing earnings short-squeeze candidates. It's important that you don't go betting the farm on these plays and that you manage your risk accordingly. Sometimes the best play is to wait for the stock to break out following the report before you jump in to profit off a short squeeze. This way, you're letting the trend emerge after the market has digested all of the news. ...

Click to research the Retail industry.