Market News
Sen. Elizabeth Warren Sharply Criticizes SEC Chairman in Letter
Wall Street Journal - 2 Jun 2015 16:24
The Massachusetts Democrat sharply criticized Mary Jo White, saying her tenure as chairman of the SEC has been "extremely disappointing."
Brazil Oil Giant Petrobras Sells $2.5 Billion in Bonds
Wall Street Journal - 2 Jun 2015 02:06
Brazil's state-controlled oil giant Petroleo Brasileiro sold $2.5 billion in 100-year bonds, the latest sign of robust demand from investors for bonds that offer higher rates than safe government debt.
Falling for America's Latest Tech Hub: Chicago
Wall Street Journal - 2 Jun 2015 23:18
One South Wacker in downtown Chicago sold for $344 million last week, a price that was 56% higher than what the owner paid for the building just 2 ½ years ago.
Capital Markets Firms Balancing Risk And Return In Their Journey Toward Growth
Forbes - 2 Jun 2015 22:31
Capital markets firms have been operating in a difficult environment in recent years, facing a range of challenges including derivatives reform, capital constraints, reduced proprietary risk-taking and product commoditiz...
Oil Boosted by Weak Dollar
Wall Street Journal - 2 Jun 2015 22:22
Oil prices rose to the highest level of the year Tuesday on a weaker dollar and expectations of a fifth straight weekly decline in U.S. crude supplies.
Data Analytic Technology: The New Game Changer
Forbes - 2 Jun 2015 22:06
Marjella Alma is founder and CEO of eRevalue Ltd., a women-led technology company with offices in London and NYC. eRevalue offers Datamaran™, an emerging issues management system that delivers real-time analytics on n...
US equities helped by weak dollar; inflation lifts euro
livemint.com - 2 Jun 2015 21:59
MSCI's all-country world index up 0.4%, pan-European FTSEurofirst 300 index closes off 0.93%
Euro Jumps Against Dollar
Wall Street Journal - 2 Jun 2015 21:40
The euro vaulted toward its biggest one-day gain against the dollar in more than two months, as signs of movement in creditors' standoff with Greece triggered another round of volatility in currency markets.
Coal Miners Throttle Back
Wall Street Journal - 2 Jun 2015 21:38
China's appetite for coal used in steelmaking is faltering, deepening a market downturn miners say is the worst in recent memory.
Testing Silicon Valley's Greater-Fool Strategy
Wall Street Journal - 2 Jun 2015 20:50
Lofty valuations for venture-backed companies like Uber and Snapchat depend on the stock-market off-ramp staying open.
Tuesday Sector Leaders: Energy, Materials
Forbes - 2 Jun 2015 20:50
In afternoon trading on Tuesday, Energy stocks are the best performing sector, higher by 1.3%. Within that group, Noble Corp plc (NYSE: NE) and Diamond Offshore Drilling, Inc. (NYSE: DO) are two of the day's stand-outs, ...
Tuesday Sector Laggards: Utilities, Healthcare
Forbes - 2 Jun 2015 20:49
In afternoon trading on Tuesday, Utilities stocks are the worst performing sector, showing a 1.8% loss. Within that group, PPL Corp (NYSE: PPL) and CMS Energy Corp (NYSE: CMS) are two large stocks that are lagging, showi...
Tuesday 6/2 Insider Buying Report: PODD, URI
Forbes - 2 Jun 2015 19:49
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to mak...
Casino Notes: Macau Gaming Revenues Plunge 37% In May
Forbes - 2 Jun 2015 19:42
The Macau government released the May gaming data, which came on expected lines with a 37% drop in gross gaming revenues. This marks the 12th straight month of revenue decline in the world's largest gambling hub. Nevada ...
If Sikorsky's Out to Bid -- Who Could Be The Buyer?
Forbes - 2 Jun 2015 19:40
Sikorsky won four major contracts in 2014, including the U.S. Presidential Helicopters deal. These contract wins are cumulatively valued at approximately $13 billion, and could move Sikorsky ahead of Boeing in terms of r...
Alibaba: Here Are The Key Growth Drivers In The Chinese E-Commerce Market
Forbes - 2 Jun 2015 19:38
The rapid increase in China?s Internet penetration rate, driven by the rising adoption of smartphones, is one of the main growth drivers in the Chinese e-commerce market. There were more than 360 million online shoppers ...
Broadcom To Be Acquired By Avago In Record Tech Deal
Forbes - 2 Jun 2015 19:36
The transaction is expected to close by the end of the first calendar quarter of 2016 and is subject to regulatory approvals in various jurisdictions, as well as the approval of Avago?s and Broadcom?s shareholders. Once ...
Shadow Banking Now Dominates The Mortgage Market, Edging Out Wall Street Giants
IBTimes - 2 Jun 2015 19:35
Ever since subprime mortgages helped torpedo the American financial system, a quiet revolution has taken place in the home loan industry. The handful of large banks that once dominated the field have steadily retreated f...
Afrezza Supporters Remain Steadfast Despite Harsh Business Realities
Forbes - 2 Jun 2015 19:31
I can't help but think how things in diabetes would be different if these experts and companies had the passion seen with Afrezza supporters. How different it would be if they understood the way to riches or accolades is...
Will New CEO David Brandon Be The Magic Charm For A Toys 'R' Us IPO?
Forbes - 2 Jun 2015 19:18
Brandon led Domino's to a big IPO before running Michigan's Athletic Department. Now he takes over the struggling toy-seller.
See Which 9 Guru Fund Managers Hold American Express
Forbes - 2 Jun 2015 19:11
When hedge fund manager "titans" think alike, investors are wise to pay attention. At Holdings Channel, we have reviewed 4,016 13F filings for the 03/31/2015 reporting period, and noticed that American Express Co. (NYSE:...
Funds Added To Apartment Investment & Management Positions
Forbes - 2 Jun 2015 19:10
At Holdings Channel, we have reviewed 4,016 13F filings for the 03/31/2015 reporting period, and looked at the various S&P 500 components held by each of these reporting hedge funds and other 13F filers. For each compone...