Market News
Death toll rises on Dakar Rally
CNN - 10 Jan 2014 22:18
The Dakar Rally claims another victim Friday with organizers announcing the death of Belgian Eric Palante, a competitor in the motorbikes section.
Beijing Tests Tools to Tackle Bad Debt
Wall Street Journal - 10 Jan 2014 07:23
China is gearing up for a spike in nonperforming loans, endorsing a range of options to clean up the banks and experimenting with ways for lenders to squeeze value from debts gone bad.
China's December Export Growth Slowed But Rosier Outlook Predicted For 2014
IBTimes - 10 Jan 2014 06:38
China's export growth slowed down more than was expected last month because of a higher comparison base a year earlier and a clampdown on speculative activities dressed up as export deals, thus failing to meet the offici...
Earnings for Wells Fargo Projected to Rise
Forbes - 10 Jan 2014 22:52
Wall Street is high on Wells Fargo, expecting it to report earnings that are up 8% from a year ago when it reports its fourth-quarter earnings on Tuesday, January 14, 2014. The consensus estimate is 98 cents per share, u...
Earnings for Linear Technology Projected to Rise
Forbes - 10 Jan 2014 22:52
Wall Street is optimistic about Linear Technology, which is slated to report its second quarter results on Tuesday, January 14, 2014. Analysts project a profit of 44 cents a share, a rise from 40 cents per share a year a...
Factors Supporting Our Bullish Outlook For American Eagle Outfitters
Forbes - 10 Jan 2014 22:33
American Eagle is working hard to expand its fashion category, which does not contribute much to its revenues at the moment, but has been performing well. Moreover, despite the retailer's problems, its direct-to-consumer...
Alcoa Reports Lower Revenues On Aluminum Prices, Net Loss On Impairments
Forbes - 10 Jan 2014 22:27
Alcoa witnessed robust global growth in the aerospace segment to the tune of 9-10%. The bulk of this growth came due to demand for commercial planes rather than civilian aircraft. Going forward, Alcoa predicts a constant...
Strong Equity Market Activity In Q4 Boosts Underwriting Fees For Banks
Forbes - 10 Jan 2014 22:16
Global equity markets saw a marked turnaround from the extremely slow Q3 to record the strongest quarter in three years for Q4 2013, according to data compiled by Thomson Reuters. Companies across the globe raised $264....
METALS OUTLOOK: Gold Looks To Test $1,250 Next Week
Forbes - 10 Jan 2014 21:47
(Kitco News) - Gold prices may try to rise above $1,250 an ounce next week after rallying Friday following a dismal U.S. jobs report.
Why This Most Controversial Bank Is An Attractively Undervalued Stock
Forbes - 10 Jan 2014 20:54
We remain buyers of JPM shares despite the negative impact on fourth quarter earnings of the Madoff settlement as we think investors are willing to trade the near-term litigation charges for better earnings visibility an...
Employment Situation: Still Improving, But Not That Fast
Forbes - 10 Jan 2014 20:21
Nonfarm payrolls expanded by a meager 74,000 in December, but the unemployment rate dropped a significant 0.3 percentage points to 6.7%. There were no revisions to October (stayed at +200,000), but November was revised u...
World's 10 Biggest Private Equity Funds
Forbes - 10 Jan 2014 20:07
10 Largest Private Equity Buyout Funds Closed. (source: Preqin)
Private Equity Boom: Why Apollo's New $18B Buyout Fund Matters
Forbes - 10 Jan 2014 20:07
Private equity shops are getting ready to deploy billions in fresh capital as fundraising reached $169 billion in 2013.
The Long-term Economic Forecast: Same As It Ever Was
Forbes - 10 Jan 2014 19:09
Suppose you made a 20-year forecast about the economic environment of your business. And then, after more than 20 years, you revisited your old forecast. Would you learn anything? I certainly did.
5 New Year's Resolutions from 5 Expert Traders
Forbes - 10 Jan 2014 19:00
(Kitco News) - With the New Year comes new resolutions, some resolve to quit smoking, some vow to lose weight - but what about traders? Kitco News asked five of our regularly featured traders what their resolutions are ...
Wiz Khalifa's Smokin' Hot Merchandise
Forbes - 10 Jan 2014 18:30
Cash Kings newcomer Wiz Khalifa has turned his affection for marijuana into a moneymaking marketing tool -- and in the process, transformed himself into a lucrative lifestyle brand. Here are some of his hottest-selling i...
Pot Profits Mostly Smoke: Some Smoldering Facts
Forbes - 10 Jan 2014 18:30
For some aggressive investors, buying companies that have anything to do with marijuana distribution is more than a slow burn of an idea: It's one of the hottest investment themes of the moment.
Admit It, You So Know You Do This
IBTimes - 10 Jan 2014 18:21
A study released this week revealed that almost half of Americans tune in to a second device while watching television. The study was released at this week's International Consumer Electronics Show in Las Vegas by its pr...
Intercept Pharma Continues Epic Stock Surge After Thursday Blockbuster
Forbes - 10 Jan 2014 18:19
Fresh off Thursday's amazing 280% stock pop, Intercept defied gravity again on Friday, surging another 50% in morning trading.
Bearish Sentiment Could Push Hewlett-Packard To New Highs
Forbes - 10 Jan 2014 18:01
H-P stands to benefit from an unwinding of pessimism among option traders and analysts.Speculators wanting to wager on additional upside for Hewlett-Packard may wish to consider buying the stock's in-the-money March 23 c...
Bond prices jump, stocks muted after weak US jobs data
livemint.com - 10 Jan 2014 17:39
US jobs market surprisingly weak in December; US treasury bond yields fall
Brazilian Officials Say Rising Inflation Rate Is Fine But Economists Disagree
IBTimes - 10 Jan 2014 17:36
Consumer prices in Brazil grew faster in 2013 than analysts had expected, confirming fears about the country's economic future. This is not a welcome report for a nation with one of the world's highest interest rates and...