Market News
Bitter Medicine in Store for Activists
Wall Street Journal - 29 Jan 2014 04:26
As activist hedge funds step up their hunt for new targets, companies are bolstering their defenses.
Turkey Shocks Forex Market As Fed Decision Looms
Forbes - 29 Jan 2014 16:16
This year was always going to be about the central banks and their interest rate decisions. So far, no asset class can be disappointed, because tagging along with central bank decisions is volatility, a word that could n...
Soft European Market Outlook, Legal Uncertainty Could Present Downside To Deutsche Bank's Value
Forbes - 29 Jan 2014 15:54
Legal trouble in itself is not something specific to just Deutsche Bank, as the entire banking sector has been dealing with this issue for a while now. But what makes things worse for the bank when compared to its Americ...
State Of The Union Address Power Grab? Why Congress Can Blame Itself
Forbes - 29 Jan 2014 00:26
President Barack Obama and his handlers spent months signaling that the president intends to use his "pen" and his "phone" to implement a "Year of Action," and that if Congress doesn't like it, it can pucker up for his d...
James Packer Bets Big On Asia's Casino Sector
Forbes - 29 Jan 2014 23:55
Australia's James Packer dumped his dad's old-line media businesses and rolled the dice on casinos. He got killed, but then his luck turned.
Engine trouble for F1 star's car
CNN - 29 Jan 2014 22:29
Even Formula One world champion Sebastian Vettel's car gets engine trouble but could his testing problems point to Red Bull unreliability?
Elliott Wave Playbook For Facebook Correction
Forbes - 29 Jan 2014 22:20
The Elliott Wave theory was put forth by Ralph Nelson Elliott back in the 1930s. To put it briefly, all stock market movements can be seen to unfold in cycles of eight waves. Five of these in general take the price in th...
Gold Ends Higher on Safe-Haven Demand; FOMC a Non-Event
Forbes - 29 Jan 2014 21:49
(Kitco News) - Comex gold futures ended the U.S. day session with moderate gains Wednesday on short covering and bargain hunting following selling pressure on Monday and Tuesday. Importantly, there was also some safe-ha...
Fed To Further Trim Monthly Asset Purchases To $65 Billion As Economic Growth Continues
Forbes - 29 Jan 2014 21:15
During his final Federal Open Market Committee meeting as chairman of the Federal Reserve, Ben Bernanke and co continued on the path set in December, again cutting back asset purchases.
January FOMC Meeting Statement: Fed Tapers $10 Billion To $65 Billion
IBTimes - 29 Jan 2014 21:09
As expected, the U.S. Federal Reserve on Wednesday voted unanimously to reduce asset purchases on Feb. 1 by another $10 billion a month to $65 billion. The Fed said information received since the Federal Open Market Comm...
Federal Reserve System: How Will FOMC Tapering QE & Emerging Market Turmoil Impact The US Dollar In 2014?
IBTimes - 29 Jan 2014 20:58
U.S. stocks tumbled on Wednesday, with the Dow dropping as much as 174 points in early trading, as investors continued to weigh fears in emerging markets and await a decision from the Federal Reserve on whether the centr...
U.S. Stocks Drop as Emerging Markets Extend Slide
Wall Street Journal - 29 Jan 2014 20:55
Investors staged a broad retreat from risky investments, taking U.S. stocks lower, as efforts to halt a selloff in emerging-market currencies failed.
Advertising Income Will Boost Viacom's Q1 Earnings
Forbes - 29 Jan 2014 20:51
Better ratings at media networks led to 24% jump in the net income for the company in the previous quarter. We expect Viacom to benefit from the improved ratings and see higher advertising revenues in Q1 2014 as well.
Amazon Can Expect Good Q4 On Holiday Sales
Forbes - 29 Jan 2014 20:46
We expect Amazon's sales to grow faster than that of the online retail industry, due to its market leading position and supply chain efficiency. In addition, we expect some support from the continued expansion of web ser...
Turkey, South Africa Moves Fail to Stem Slides
Wall Street Journal - 29 Jan 2014 20:45
Two major emerging-market central banks tried and failed to stem slides in their currencies with surprise interest-rate increases, reigniting a wave of selling across global markets.
Yahoo Earnings: Downtrend In Ad Revenues Continues
Forbes - 29 Jan 2014 20:44
During the fourth quarter, Yahoo acquired eight companies to strengthen its product, content offerings and technology. The company also attracted a record number of users to its properties during the quarter. We believe ...
Despite T-Mobile Competition, AT&T Posts Strong Q4 On Wider LTE Coverage And Lower Subsidies
Forbes - 29 Jan 2014 20:42
To be sure, AT&T is still lagging behind Verizon in subscriber additions (Verizon added more than twice as many postpaid subscribers as AT&T in 2013), but its subscriber patterns are showing signs of stabilizing as the L...
Munch icon of angst, The Scream, sells for $120m
Forbes - 29 Jan 2014 20:29
Edvard Munch's 'The Scream' fetched almost $120 million at Sotheby's auction of impressionist, modern, and contemporary art, in New York City. The masterpiece is one of four versions created by Munch, and the only one th...
Under Pressure By Dan Loeb, Sotheby's To Return $325M To Shareholders; Marcato Asks For $1B
Forbes - 29 Jan 2014 20:29
Sotheby's, the global art auction house that has been around since 1744, announced plans to issue a special dividend and a buyback program that should return $325 million to shareholders this year, but activists hedge fu...
Copper Prices May Be On The Rise, In Sharp Contrast To The Other Much Duller Commodities Markets
IBTimes - 29 Jan 2014 19:31
Commodities have started to seriously bore Wall Street. That's because commodity prices are expected to hold steady -- at best -- this year and many are expected to fall. Production is generally seen as keeping pace with...
U.S. Banks Steer Clear of Sensitive Customers
Wall Street Journal - 29 Jan 2014 19:30
Under fire from several regulators, U.S. banks increasingly are rejecting customers involved in activities that are legal but might attract government scrutiny, such as medical marijuana businesses and payday lenders.
China Should Allow Investments To Fail, Major Shadow Banking Bailout Raises Risk Of Moral Hazard
IBTimes - 29 Jan 2014 18:48
China's financial market just narrowly dodged a bullet, but the $1.7 trillion trust industry (the fastest-growing segment of the shadow-banking system) will continue to experience disruptions in the year ahead.