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Market News

Location American Market News for 13 May 2015

Bond Market Rout: Born in the USA?

Wall Street Journal - 13 May 2015 23:27
Explanations of the great selloff in eurozone bonds tend to be too Eurocentric; the selloff has been global, pushed by slowing growth and fears of higher inflation, writes Simon Nixon.
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Jefff Gundlach Says Auctions Like $179 Million Picasso Depend On Russian And Chinese Billionaires Jeffrey Gundlach says art prices are sustainable "as long as the world continues to mint new billionaires in Russia and China who can't get their money out of there fast enough."
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Investors Double Down on Spring Turnaround

Wall Street Journal - 13 May 2015 23:29
Traders are piling into assets that rose as the dollar fell--but how long will the rally last?
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Credit-Card Firms Reap Rewards of Consumer Brand Loyalty

Wall Street Journal - 13 May 2015 23:10
Stuck with slow growth prospects in a saturated market, banks that issue credit cards are increasingly churning out cards that are aimed at creditworthy customers loyal to a store, airline or hotel.
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JC Penney 'On The Offensive' After Smaller Than Expected Loss But Not Out Of The Woods Yet In what is scheduled to be his last earnings report as JC Penney's CEO Mike Ullman promised the retailer was now "on the offensive" and planned to win back American's respect. The report was perhaps a small step in th...
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Why 10 Is The Most Important Number In Shake Shack's Earnings Report Fast-growing sales have Shake Shack sizzling again, but its measured growth pace doesn't match its outsized stock returns.
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U.S. stocks closed mostly lower Wednesday, extending losses for a third straight session as investors weighed a mixed retail sales last month. Wednesday's declines were led by the utility sector, with electrical power co...
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Is The Party Over For Industrial Stocks?

Forbes - 13 May 2015 21:18
Is The Party Over For Industrial Stocks? American manufacturing has enjoyed a renaissance over the past five years, but recently we have seen a few factors that suggest very real threats to its continued growth.
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Improving Retirement Outcomes with Investments, Life Insurance, and Income Annuities Financial goals for retirement generally include meeting spending goals sustainably, while also preserving assets for contingencies and legacy. The financial services industry offers different tools for meeting these o...
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Wednesday Sector Leaders: Materials, Technology & Communications Looking at the sectors faring best as of midday Wednesday, shares of Materials companies are outperforming other sectors, higher by 0.9%. Within that group, Owens-Illinois, Inc. (NYSE: OI) and Goodyear Tire & Rubber Co. ...
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A closer look at Danaher's shape shifting sheds new light on a trend taking grip of C-Suites across America: the expectation that corporate boards and management act as if they own the company.
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MSCI adds eight new stocks to India index

livemint.com - 13 May 2015 20:20
MSCI adds eight new stocks to India index There are 64 stocks on the MSCI India index at present
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Retailers Can't Gas Up on Oil Savings

Wall Street Journal - 13 May 2015 20:03
U.S. consumers are hanging on to the money they have saved on gasoline, creating a tough environment for retailers.
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American Express Company (AXP) approved a $0.03 - or 12 percent - increase in the quarterly dividend on the company's common stock. The dividend was raised to $0.29 per common share, from $0.26, payable on August 10, 201...
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From 349 in 2007, Ann Taylor's store count declined to 245 in 2014, as the company closed more stores than it opened every year. The strategy behind these store closures was to have an optimum presence in the market with...
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Nordstrom Gets a Good Fit Off the Rack

Wall Street Journal - 13 May 2015 19:42
Ahead of the Tape: At Nordstrom, the rich get richer--and thriftier.
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Q1 2015 U.S. Investment Banking Round-Up: Equities Trading The first quarter of the year is usually the best period for global investment banks in terms of equity trading revenues due to the notable increase in activity over the first three months of a year. This was definitely ...
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Wednesday's ETF with Unusual Volume: GURU

Forbes - 13 May 2015 19:40
The Guru Index ETF (GURU) is seeing unusually high volume in afternoon trading Wednesday, with over 744,000 shares traded versus three month average volume of about 89,000. Shares of GURU were up about 0.5% on the day.
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In spite of difficult economic situations in some markets, increasing regulatory control over the sale of tobacco products, currency headwinds, and declining tobacco volumes, the maker of Marlboro has managed to deliver ...
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Wednesday's ETF Movers: GDXJ, IYT

Forbes - 13 May 2015 19:39
In trading on Wednesday, the Junior Gold Miners ETF (GDXJ) is outperforming other ETFs, up about 3.3% on the day. Components of that ETF showing particular strength include shares of Silver Standard Resources (SSRI), up ...
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Despite short-term weakness, AMD remains optimistic about its long-term growth opportunities. Though the company agrees that the next several quarters will be challenging, due to the adverse market environment, it remain...
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Over the last few days, American, United, Southwest, and JetBlue released their traffic results for the month of April and year-to-date 2015. While Southwest and JetBlue continued to aggressively add capacity, American a...
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