Market News
Oil markets extend gains after biggest daily climb in six years
livemint.com - 28 Aug 2015 06:53
US crude are on track for their first weekly gains in 11 weeks, ending the longest losing streak since 1986
How Brazil's China-Driven Commodities Boom Went Bust
Wall Street Journal - 28 Aug 2015 06:33
Brazil's big bet on China is turning sour as the Asian country's once voracious appetite for Brazilian exports dims.
China Retail Billionaire's Metersbonwe Posts Loss As E-Commerce Squeeze Continues
Forbes - 28 Aug 2015 05:17
Struggling Shanghai Metersbonwe Fashion and Accessories, one of China’ s biggest home-grown apparel and fashion chains, lost 95 million yuan, or $14.9 million, in the first half of 2015, reversing a profit of 179 milli...
Fed Urged to Press Ahead With Rate Rise
Wall Street Journal - 28 Aug 2015 03:03
After months of forewarning by the Federal Reserve that it is preparing to raise short-term interest rates, some international officials have a message: Get on with it already.
Investors Brace for Puerto Rico's Debt-Restructuring Plan
Wall Street Journal - 28 Aug 2015 23:40
Investors will be watching Puerto Rico for details of a restructuring plan for its $72 billion debt load, as officials face a Sunday deadline to deliver a draft of the plan.
What The E-T-F Happened On August 24?
Forbes - 28 Aug 2015 23:02
They say a picture is worth a thousand words. I think this one speaks volumes. In red we have the SPDR S&P 500 ETF (SPY). In blue, we have the Guggenheim S&P 500 Equal Weight ETF (RSP). We can see that SPY and RSP ar...
Practice The Virtue Of Patience When Markets Swoon
Forbes - 28 Aug 2015 22:00
Let us explore the following scenario together: you have bought a collection of investment properties for $1 million. These properties are of high quality and you have every reason to believe you will be able to increa...
Feeling Old Yet? College Freshmen Have Always Known Google
Forbes - 28 Aug 2015 21:46
I use Google every day, and yet I still marvel at how amazing a tool it is. Part of this amazement stems from the fact that most of my life was spent in the dark ages before the search giant changed human knowledge forev...
Fund Reaps Windfall Investing in ETF 'Minefield'
Wall Street Journal - 28 Aug 2015 20:54
A small mutual fund has returned 42% so far this year with an investment strategy involving exchange-traded funds that have been criticized in past years as a "minefield" for individual investors.
Friday Sector Leaders: Energy, Materials
Forbes - 28 Aug 2015 20:37
In afternoon trading on Friday, Energy stocks are the best performing sector, up 2.6%. Within that group, Chesapeake Energy Corp. (NYSE: CHK) and Diamond Offshore Drilling, Inc. (NYSE: DO) are two large stocks leading th...
Friday Sector Laggards: Utilities, Healthcare
Forbes - 28 Aug 2015 20:37
Looking at the sectors faring worst as of midday Friday, shares of Utilities companies are underperforming other sectors, showing a 1.0% loss. Within that group, Pepco Holdings Inc. (NYSE: POM) and Public Service Enterpr...
Your Best Market Timing Moves Now
Forbes - 28 Aug 2015 20:29
I freely admit to being perhaps the world’s worst market timer. For instance, October 2008 found me in Siem Reap, Cambodia watching the market attempt to come unglued on satellite TV. My wife still hasn’t forgiven me...
Why the Fed Won't Raise Rates by Much
Wall Street Journal - 28 Aug 2015 20:13
While the Federal Reserve may raise rates in September, persistently low inflation would stay its hand from future increases.
China Seems Kinder To Mercedes-Benz
Forbes - 28 Aug 2015 19:40
It's been a slow year for most automakers who depend on their sales in China, considering how the country had been a cash cow over the last few years. The world's largest automotive market has suffered a substantial hit ...
Q2 2015 U.S. Banking Review: Mortgage Originations
Forbes - 28 Aug 2015 19:38
The U.S. mortgage industry witnessed an exceptionally strong level of activity over the second quarter of the year, with data compiled by the Mortgage Bankers Association showing that $395 billion in mortgages were origi...
Weak DRAM Demand & Declining ASPs Is A Temporary Setback For Micron
Forbes - 28 Aug 2015 19:36
The market for memory products is highly cyclical in nature, and the product prices are heavily dependent on the balance of demand and supply. In addition to the slowdown in PC sales in recent years, DRAM demand has been...
Can Pharmacy Retailers Finally Stop Worrying About Generic Price Inflation?
Forbes - 28 Aug 2015 19:34
While generic prices are still increasing, fewer drugs have increased in price and also by lower amounts in Q2 2015 than they did an year ago. The pace of FDA approvals for generic drugs has also picked up in 2015 and co...
Stanley Fischer Says Fed on the Fence for September Move
Wall Street Journal - 28 Aug 2015 19:30
The Federal Reserve's No. 2 official, Stanley Fischer, told CNBC the central bank hasn't settled on whether to raise interest rates next month, and the option remains on the table.
Media Stock Sell-off: Investors Send Warning About The Digital Transformation
Forbes - 28 Aug 2015 18:11
The August media stock sell-off is a call for studios and distributors to develop solid digital strategies.
George W Bush New Orleans Hurricane Katrina Visit: 10 Years After Disaster, A Look Back At Presidential Promises To Louisiana City
IBTimes - 28 Aug 2015 17:31
Former U.S. President George W. Bush returned to New Orleans on Friday for the 10th anniversary of Hurricane Katrina, the disaster that killed more than 1,200 people with subsequent flooding and marked one of the lowest ...
Oil Prices Resume Rally
Wall Street Journal - 28 Aug 2015 17:28
Oil prices rose Friday, erasing earlier losses, as a surprise one-day rally extended to a second day.
China's Growing Pains Give The Fed A Reason To Wait On Rate Hikes
Forbes - 28 Aug 2015 17:10
The global investor cannot afford to ignore what's happening in China. The world's second largest economy, or first depending on whom you talk to, has a massive impact on global dynamics and asset prices. This week's mar...