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Market News

Location American Market News for 21 May 2015

Here Comes the Yuan

Wall Street Journal - 21 May 2015 14:40
Investors are going to be pouring money into China in the years to come, increasing demand for the Chinese currency--which will have long-term impacts.
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The Man Who Lost $14 Billion in One Day

Wall Street Journal - 21 May 2015 15:07
On the day Hanergy Thin Film Power owner Li Hejun lost roughly $14 billion, he was skipping his company's annual meeting to attend what it said was a clean-energy exhibition in Beijing.
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De-jargoned: Section 89 of the Income-tax Act

livemint.com - 21 May 2015 16:16
De-jargoned: Section 89 of the Income-tax Act Here is a look at what is covered under this section, and how one can avail of the relief
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People of little means in our country are routinely being incarcerated for minor crimes. Meanwhile, big-time criminals engaging in major financial crimes that effectively involve the theft of billions of dollars from the...
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U.S. stocks closed higher Thursday, with the S&P 500 index hitting a record closing high. Thursday's gains were driven by the energy sector, as all 10 sectors in the S&P 500 traded higher, except for the financial sector...
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New York to Unveil Fresh Bitcoin Licensing Rules

Wall Street Journal - 21 May 2015 22:52
New York's top financial regulator, Benjamin M. Lawsky will soon unveil a set of new licensing rules that could have long-lasting effects on businesses using bitcoin and other virtual currencies.
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Despite Mixed Q2 Earnings HP Shares Pop On China, Separation Staffing News Hewlett-Packard delivered mixed second quarter results but anĀ abundance of news Thursday from the Palo Alto based company pushed the stock into positive territory.
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Is the worst over for Bajaj Auto?

livemint.com - 21 May 2015 21:44
Is the worst over for Bajaj Auto? Improved volume on the back of a revamped two-wheeler portfolio will add to the profit margin that the firm has maintained despite adversities in the last couple of quarters
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Higher electricity purchases hit CESC operating profit Performance is broadly in line with estimates, but losses continue to expand at the retail business
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Shares of Shake Shack Inc. (NYSE:SHAK) soared 8 percent Thursday as the fast-casual burger joint explores adding chicken sandwiches to its menu, according to a recent filing. The stock hit a new 52-week high of $90.52 Th...
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One year may be too soon to pass a verdict on Modi government: Nishith Sheth The vice-president at Elara Capital says the government's direction and vision seem to be right and, hopefully, will pick up pace
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Thursday Sector Leaders: Energy, Industrial

Forbes - 21 May 2015 20:58
Thursday Sector Leaders: Energy, Industrial Looking at the sectors faring best as of midday Thursday, shares of Energy companies are outperforming other sectors, up 1.2%. Within that group, Noble Corp plc (NYSE: NE) and Transocean Ltd. (NYSE: RIG) are two of the d...
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Sebi may raise bar for derivatives trade

livemint.com - 21 May 2015 20:50
Sebi may raise bar for derivatives trade Market regulator has expressed concerns on retail investors participating in F&O segment
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U.S. stocks traded slightly higher Thursday, with the Nasdaq composite and S&P 500 index receiving a boost after shares of e-commerce company Amazon.com Inc. leaped around 3 percent. The S&P 500 hit a new intraday high o...
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4 Growing Concerns Now Serious Enough To Cause A Stock Market Correction Stock market's new highs may not be strong enough to counter building uncertainties.
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Investing Basics: What Is A Portfolio?

Forbes - 21 May 2015 20:05
Investing for the long term means you should own a portfolio of stocks, bonds and other types of investments. But why, and what is a portfolio, really? First, let's consider some of the common investments chosen by peopl...
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Selling the Dream at Salesforce

Wall Street Journal - 21 May 2015 20:02
Rapid, if expensive, growth keeps cloud pioneer Salesforce on top. That actually makes a deal look less likely.
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Farm Bust Puts Deere in the Headlights

Wall Street Journal - 21 May 2015 19:53
Ahead of the Tape: A reliance on farmers helped Deere until recently, but has come back to haunt it.
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Lumber Set to Build on Its Rally

Wall Street Journal - 21 May 2015 19:51
Lumber prices are on the upswing--and a possible rebound in U.S. home building may keep them high.
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Trends Driving Our $21 Price Estimate For Freeport-McMoRan Freeport-McMoRan Inc. is a diversified natural resources company which mainly produces copper, in addition to crude oil, natural gas, and their by-products. The company's stock price had been under pressure over the past...
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America's second largest home improvement retailer, Lowe's, reported its fiscal first quarter results on May 20. The retailer delivered a 5.4% sales increase in the quarter to $14.1 billion, with comp sales growing 5.2% ...
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Scenarios That Can Move American Airlines' Valuation The US airline industry has been in the limelight lately due to its exceptional performance on plummeting global crude oil prices. As jet fuel costs constitute nearly a third of an airline's total operating expenses, the...
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