Market News
How To Find An Honest Broker
Forbes - 17 Jun 2015 15:26
It's no easy task finding a broker-adviser who won't fleece you. Here's how you go about it.
Fed Faulted BofA Over Its Foresight
Wall Street Journal - 17 Jun 2015 02:25
Bank of America earlier this year was chastised by the Federal Reserve for not anticipating problems with its "stress test" submission.
Hedge-Fund Bet Hits Pensions
Wall Street Journal - 17 Jun 2015 01:38
U.S. companies from Ford Motor to supermarket chain Kroger have boosted their pension plans' bets on hedge funds, a shift that left many of them on the short end of a stock-market rally.
Why 2015 Could Be The Best Year For M&A Since The Financial Crisis
Forbes - 17 Jun 2015 23:10
From the $55 billion Charter-Time Warner deal to the nearly-$50 billion Heinz-Kraft merger and everything in between, the first half of 2015 has been a busy time for merger and acquisition activity. According to data fro...
J.P. Morgan Deal Maker Jimmy Lee Dies
Wall Street Journal - 17 Jun 2015 22:57
James B. Lee, one of the best-known and most-successful investment bankers on Wall Street who played a key role in the evolution of deal making over a 40-year career, has died. He was 62.
Dow Jones Industrial Average Closes Higher After Federal Reserve Keeps Interest Rates Unchanged, Signals September Liftoff
IBTimes - 17 Jun 2015 22:42
U.S. stocks closed higher Wednesday after the Federal Reserve kept interest rates unchanged. Rates have hovered at historic lows since the financial crisis began in 2008, but the central bank provided clues Wednesday abo...
Elizabeth Warren Intervenes in Search for New York Financial Regulator
Wall Street Journal - 17 Jun 2015 22:42
The search to replace New York's former top financial regulator, Benjamin Lawsky, has attracted the involvement of one of the banking industry's harshest critics: Sen. Elizabeth Warren.
Fed Given Green Light by Pay Prospects
Wall Street Journal - 17 Jun 2015 22:15
An improving wage picture sets the stage for the Federal Reserve to start raising interest rates in September.
Remembering Jimmy Lee: When JPMorgan's Star Dealmaker Graced The Cover Of Forbes
Forbes - 17 Jun 2015 22:14
One of Wall Street's top dealmakers, JPMorgan's Jimmy Lee, died unexpectedly Wednesday. In 2000, Lee graced the cover of Forbes as one of the bankers funding the new wave of leveraged buyouts.
Tax pass-through status gives a boost to AIF investments
livemint.com - 17 Jun 2015 21:16
The total investments made by AIFs increased by nearly 29% to `7,356.81 crore in the three-month period ending March
Wednesday 6/17 Insider Buying Report: EVA, DEA
Forbes - 17 Jun 2015 21:03
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...
Daily Dividend Report: USB, BMY, BEN, FITB, SLG, O
Forbes - 17 Jun 2015 20:58
U.S. Bancorp (USB) has approved a 4.1 percent increase in the dividend rate on U.S. Bancorp common stock to $1.02 on an annualized basis, or $0.255 on a quarterly basis, payable July 15, 2015, to shareholders of record a...
Wednesday's ETF with Unusual Volume: IPKW
Forbes - 17 Jun 2015 20:52
The PowerShares International BuyBack Achievers Portfolio ETF (IPKW) is seeing unusually high volume in afternoon trading Wednesday, with over 195,000 shares traded versus three month average volume of about 26,000. Shar...
Wednesday Sector Laggards: Agriculture & Farm Products, Metals & Non-Metallic Mining Stocks
Forbes - 17 Jun 2015 20:48
In trading on Wednesday, agriculture & farm products shares were relative laggards, down on the day by about 2.7%. Helping drag down the group were shares of Origin Agritech (SEED), down about 7.3% and shares of Cresud (...
Janet Yellen Speech Live Update: Federal Reserve Keeps Interest Rates Unchanged In FOMC Statement
IBTimes - 17 Jun 2015 20:46
UPDATE: 3 p.m. EDT The Fed chair said it is clear that most FOMC participants anticipate a rate increase this year. "Certainly an increase this year is possible," Yellen said. UPDATE: 2:58 p.m. EDT "Conceivably I think w...
Dollar Weakens After Fed Statement
Wall Street Journal - 17 Jun 2015 20:45
The dollar weakened on Wednesday after the Federal Reserve lowered U.S. growth forecasts and pushed down longer-term projections for interest rates.
Wednesday Sector Leaders: Water Utilities, Cigarettes & Tobacco Stocks
Forbes - 17 Jun 2015 20:45
In trading on Wednesday, water utilities shares were relative leaders, up on the day by about 1.4%. Leading the group were shares of CADIZ (CDZI), up about 4.9% and shares of Consolidated Water (CWCO) up about 3.6% on th...
Wednesday Sector Leaders: Utilities, Services
Forbes - 17 Jun 2015 20:37
In afternoon trading on Wednesday, Utilities stocks are the best performing sector, up 0.8%. Within that group, NiSource Inc. (NYSE: NI) and CenterPoint Energy, Inc (NYSE: CNP) are two large stocks leading the way, showi...
Wednesday Sector Laggards: Energy, Materials
Forbes - 17 Jun 2015 20:36
The worst performing sector as of midday Wednesday is the Energy sector, showing a 0.3% loss. Within the sector, Chesapeake Energy Corp. (NYSE: CHK) and Apache Corp. (NYSE: APA) are two large stocks that are lagging, sho...
Fed Upgrades Economic Outlook But Is Still Not Ready To Raise Rates
Forbes - 17 Jun 2015 20:17
In what could have been the most exciting Fed meeting of the year Janet Yellen and her team instead decided to stay the course.
U.S. Restricts Six Banks Over Foreclosures
Wall Street Journal - 17 Jun 2015 20:04
The Office Comptroller of the Currency imposed restrictions on the mortgage-servicing operations of six banks, including the national bank arms of J.P. Morgan Chase and Wells Fargo, for failing to fully comply with enfor...
Kroger's Rally Is Getting Stale
Wall Street Journal - 17 Jun 2015 20:01
Ahead of the Tape: Kroger has looked super but investors may be less enthusiastic once fuel-price benefits fade.