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Market News

Location American Market News for 16 July 2015

Germany Blasts Deutsche Bank Over Culture

Wall Street Journal - 16 Jul 2015 20:21
German regulators accused a half-dozen current Deutsche Bank executives of failing to stop or tell regulators about years of attempted market manipulation, according to a confidential report.
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U.S. Stocks Rise as Greek Uncertainty Ebbs

Wall Street Journal - 16 Jul 2015 17:25
U.S. stocks climbed following a batch of upbeat earnings reports and as Greece's Parliament passed austerity measures needed to secure a fresh bailout.
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Goldman Sachs Posts Weaker Results on Big Litigation Provision

Wall Street Journal - 16 Jul 2015 17:17
Goldman Sachs reported a drop in quarterly profit after the firm set aside more than $1 billion to cover legal costs and debt-trading revenue fell.
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To determine the direction in which the winds of corporate earnings will blow, Wall Street observers have long looked to Alcoa for guidance. For years, the lightweight metals and aluminum giant was the first Dow componen...
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Investors, Yellen Out of Sync on Inflation Views

Wall Street Journal - 16 Jul 2015 23:17
Many bond investors don't share Janet Yellen's confidence that inflation will pick up, signaling healthy U.S. growth.
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Citi May Finally Slip Its Cuffs

Wall Street Journal - 16 Jul 2015 21:59
Citigroup's second-quarter results add credibility to the idea that its shares could trade above tangible book value in the not-so-distant future.
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End long-term capital gains tax breaks: BSE

livemint.com - 16 Jul 2015 20:52
End long-term capital gains tax breaks: BSE Some entities use preferential allotment route on exchange platform to benefit from current tax regulations, BSE tells finance ministry
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Plenty of Open Road for J.B. Hunt

Wall Street Journal - 16 Jul 2015 20:43
Ahead of the Tape: Intermodal traffic growth should help J.B. Hunt continue its strong run.
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Thursday 7/16 Insider Buying Report: JMI

Forbes - 16 Jul 2015 20:43
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...
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Thursday Sector Leaders: Utilities, Services The best performing sector as of midday Thursday is the Utilities sector, up 0.9%. Within that group, WEC Energy Group Inc (NYSE: WEC) and Exelon Corp. (NYSE: EXC) are two of the day's stand-outs, showing a gain of 1.9% ...
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Saving Greece's Banks Could Mean a European Takeover

Wall Street Journal - 16 Jul 2015 19:59
European bailout funds should be used to directly recapitalize Greece's financial system. That is bound to mean more controversy.
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You've heard they're lazy and entitled, but a recent survey added "forward-thinking" and "predicting a financial crisis" to the ever-growing list of millennial characteristics. The survey, conducted by LinkedIn and marke...
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Delta Air Lines opened the earnings season yesterday on a positive note, posting an adjusted profit of $1.27 per share for the June quarter, comfortably exceeding the market's estimate of $1.22 per share. The Atlanta-bas...
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Our take on Netflix is that its overall subscriber base will continue to grow in the coming years but the rate of growth in domestic subscribers is likely to come down due to increased competition and potential market sa...
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The diversified banking giant reported a year-on-year increase in total revenues after five consecutive declines, primarily due to a $669 million accounting gain from the revaluation of its debt securities. But investors...
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While Intel expects PC sales to improve in the second half of the year (after the Windows 10 launch and as new Intel Skylake products hit the market), the company admits that PC sales are weaker than it initially expecte...
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Johnson & Johnson?s stock has barely moved following its Q2 2015 earnings announcement, as there was nothing unexpected or groundbreaking. Currency headwinds were a dampener in otherwise what was a quarter of modest oper...
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Goldman Results Buffeted by Fickle Trading Wind

Wall Street Journal - 16 Jul 2015 19:30
Second-quarter results for Goldman Sachs provide an unwelcome reminder of how volatile its trading business can be.
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HSBC in the Cross Hairs of Saudi Regulator

Wall Street Journal - 16 Jul 2015 19:24
The U.K. bank's Saudi Arabia unit is being investigated over whether it inflated the valuation of a construction firm's IPO in 2008.
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Stanford Endowment Manager Loses Some Staff

Wall Street Journal - 16 Jul 2015 19:18
Several employees are leaving Stanford University's endowment management arm amid strategy changes by new chief executive Robert Wallace.
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According to a recent AAII survey of individual investors, the recent drops in Shanghai and Shenzhen exchanges haven't impacted their short-term expectations for how U.S. stocks will perform.
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U.S. markets were up in midday trading Thursday as investors welcomed a raft of positive corporate earnings and applauded the Greek parliament's passage of a bailout deal that puts off concerns of an imminent "Grexit" fr...
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