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Market News

Location American Market News for 1 August 2015
Mark Karpeles, the former CEO of the collapsed bitcoin exchange MtGox, was arrested Saturday by Japanese police over his alleged connection with the loss of bitcoins worth hundreds of millions of dollars. Authorities sai...
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U.S. Labor Costs Rise at Slowest Pace in Three Decades

Wall Street Journal - 1 Aug 2015 02:02
U.S. labor costs rose at the slowest pace in at least three decades in the spring, a sign of persistently sluggish wage growth that could weigh on the Federal Reserve's decision to raise short-term interest rates.
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KKR Founder Jerome Kohlberg Dies

Wall Street Journal - 1 Aug 2015 18:42
Jerome Kohlberg, a co-founder of private-equity giant KKR & Co. and an architect of the industry's leveraged-buyout model, has died. He was 90.
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SoulCycle Inc. is giving new meaning to the term "sweat equity." Beloved by high-profile celebrities such as the actress and talk-show host Kelly Ripa, Victoria Secret's model Karlie Kloss and former soccer player David ...
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Emerging-market currencies post monthly drop on Fed rate outlook Investors have withdrawn from developing nations amid bets that the Fed is moving closer to raising benchmark borrowing costs
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The Week Ahead: Is Bearish Sentiment High Enough? The weakness in the Shanghai Composite spooked investors at the start of the week but they seemed to be less concerned as the week progressed since the Composite lost another 10%. It was the worst month for the Shanghai ...
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Gold, silver rebound on good buying, global cues

livemint.com - 1 Aug 2015 12:48
Gold, silver rebound on good buying, global cues Gold of 99.9 and 99.5% purity surged by Rs200 each to Rs25,300 and Rs25,150 per ten grams respectively
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Taiwan in the second quarter didn’t come close to reaching the government’s GDP growth forecast issued only in May, underscoring pressure from the easing expansion in mainland China’s economy and inventory build-...
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Japanese Police Arrest Mark Karpelès of Mt. Gox

Wall Street Journal - 1 Aug 2015 03:47
Japanese police arrested Mark Karpelès, the head of collapsed bitcoin exchange Mt. Gox, and an official said police are alleging that he manipulated the company's computer system to inflate its assets.
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As Fed Move Nears, Traders Obsess Over Data

Wall Street Journal - 1 Aug 2015 02:26
Traders are scouring once-overlooked economic data for clues to the timing of the Federal Reserve's first interest rate rise in years.
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Carlyle Fund Walloped in Commodities Rout

Wall Street Journal - 1 Aug 2015 01:29
The selloff has helped drive down holdings in its hedge-fund firm's flagship fund from about $2 billion to less than $50 million.
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Should You Join The Buy And Hold Stampede?

Forbes - 1 Aug 2015 00:17
Should You Join The Buy And Hold Stampede? Given the markets performance over the past six years it’s no wonder that so many investors have joined the buy-and-hold parade. But as the investment herd stampedes in the passive direction this may be a good time to ...
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