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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 an 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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Company that saw £7bn wiped off shares linked to firm that shrank by £12bn Second Hong Kong-listed company sees its shares plummet, as it emerges it had links with Hanergy Thin Film Power Group, whose stock dropped on Wednesday
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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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