Market News

The regulator finds some mutual fund schemes have not restricted a single investor from holding more than 25% of the corpus of a scheme

Fabrice Tourre, the former Goldman Sachs Group Inc. trader found liable for securities fraud last year, said he will not seek an appeal challenging the federal jury's verdict.

Our data continue to show the economy rolling forward at its core real growth pace of 2.5% with nothing to change our expectations for the rest of 2014 – 2.5% real growth. Consumption is picking up, especially for thin...

Add Royal Bank of Scotland to the list of foreign banks cutting U.S. staff. The Financial Times reported Tuesday that the bank will lay off "hundreds" of workers over the next few years after it shrinks it mortgage tradi...

The US markets are higher this afternoon, with the Dow up 0.33%, the S&P up 0.46% and the Nasdaq higher by 0.88% so far today. Some of the most actively traded stocks include Facebook (FB) up 2.84%, Bank of America (BAC)...

Merck (MRK) has declared a quarterly dividend of $0.44 per share of the company's common stock for the third quarter of 2014. Payment will be made on July 8, 2014, to stockholders of record at the close of business on Ju...

The worst performing sector as of midday Tuesday is the Materials sector, higher by 0.1%. Within that group, Newmont Mining Corp. (NYSE: NEM) and Freeport-McMoran Copper & Gold (NYSE: FCX) are two of the day's laggards, ...

On May 16th, Chesapeake Energy updated its currently anticipated 2014 asset sales and divestitures and the projected impact of such transactions on its 2014 Outlook. The company also introduced preliminary estimated rang...

The best performing sector as of midday Tuesday is the Utilities sector, up 0.8%. Within that group, FirstEnergy Corp. (NYSE: FE) and NRG Energy Inc (NYSE: NRG) are two large stocks leading the way, showing a gain of 5.6...

IntercontinentalExchange Group said it will split off its European stock-market operator, Euronext, through an initial public offering in coming weeks.

Apple is trading at prices its investors haven't seen since October 2012.

Hedge fund skeptics are abundant nowadays. The problem is that many of their arguments don't make sense, including the faulty assumption that there is an asset class called "hedge funds."

Expansion of its Next Day Air Early AM service to cover more ZIP Codes will help UPS cater to a broader audience of such businesses and boost its package volumes.

The carrier added over 7 million 3G and 2 million 4G subscribers in April, compared to the combined tally of less than 3 million by rivals China Unicom and China Telecom in the same period. The wireless major enjoys a do...

Tesla announced that it expects to produce somewhere between 8,500 to 9,000 cars in the second quarter, with a delivery target of 7,500. These numbers indicate that the lag time between production and deliveries will onl...

This start-up falls in line with Exxon Mobil's current strategy of boosting the proportion of liquids (crude oil, natural gas liquids, bitumen and synthetic oil) and LNG in its portfolio for better margins.

Abreast of the Market: For many bond investors this year, the reach for yield has come up short. Bonds perceived as safe have produced better returns than riskier ones for the first time since 2010.

The SPDR S&P World ex-US ETF (GWL) is seeing unusually high volume in afternoon trading Tuesday, with over 1.0 million shares traded versus three month average volume of about 133,000.  Shares of GWL were up about 0.2% ...

In trading on Tuesday, the SPDR S&P Biotech ETF (XBI) is outperforming other ETFs, up about 3% on the day.  Components of that ETF showing particular strength include shares of Dyax (DYAX), up about 24.3% and shares of ...

In trading on Tuesday, precious metals shares were relative laggards, down on the day by about 3.3%.  Helping drag down the group were shares of Midway Gold (MDW), off about 8.9% and shares of International Tower Hill M...

In trading on Tuesday, biotechnology shares were relative leaders, up on the day by about 2.4%.  Leading the group were shares of Dyax (DYAX), up about 21.5% and shares of TG Therapeutics (TGTX) up about 13.8% on the da...

Shareholders of United States Steel Corp. (NYSE: X) looking to boost their income beyond the stock's 0.8% annualized dividend yield can sell the January 2016 covered call at the $35 strike and collect the premium based o...