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Market News

Location American Market News for 1 September 2015
U.S. Auto Sales Roll On Despite Expected August Drop U.S. automakers reported August sales that topped expectations on Monday, despite expectations that they would drop off as the summer came to an end.
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India is on an extremely slow path to economic recovery: Report The time is running out for lending rate cuts with the April-October busy industrial season barely two months away
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China's stocks extend rout as factory data adds to economy woes The official Purchasing Managers' Index was 49.7 for August, down from 50 in July. Numbers below 50 indicate contraction
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U.S. Drivers Will Put Oil Prices in Reverse

Wall Street Journal - 1 Sep 2015 22:45
Ahead of the Tape: Pressure on crude-oil demand may rise as driving season ends and U.S. refineries approach turnaround season.
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Stocks Start The Month In Sea Of Red As China Fears Persist Investors hoping to put August behind them and start September off on a good note were sorely disappointed on Tuesday.
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General Growth Properties (GGP) declared a third quarter common stock dividend of $0.18 per share payable on October 30, 2015, to stockholders of record on October 15, 2015. The dividend represents an increase of $0.02 p...
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Billionaires Buffett and Icahn Bottom Picking These Energy Stocks They have a knack for picking the winners, the stocks and sectors, and marking the bottom when they enter.
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NSEL investor group asks Sebi to probe FTIL role in NSEL scam Issues related to the firm siphoning off funds along with insider trading and stock price manipulation need to be probed by Sebi, the group says
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U.S. Changes Rules on FHA Loans in Bid to Woo Back Banks

Wall Street Journal - 1 Sep 2015 21:42
The Obama administration released new versions of the certification that lenders must make when submitting a loan to the FHA, the main avenue through which borrowers with weaker credit and little money for a down payment...
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The markets are bleeding red again, but two airline companies are managing to fly well above the fray: Delta Airlines and American airlines are two of only a handful of S&P 500 companies making gains in Tuesday trading, ...
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Apple's Original Programming Idea: Unproven and Unoriginal

Wall Street Journal - 1 Sep 2015 21:20
Just because Apple may be getting into original content doesn't mean it can make good shows.
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Sebi committee suggests dropping SGF norm for bourses Since requirement of SGF has already been met, transfer of 25% of profits by every stock exchange to the fund may no longer be required, says the panel
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UBS AG's wealth-management unit was ordered to pay more than $2.9 million to two investors in Puerto Rico for losses tied to funds holding the island's municipal bonds.
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Tuesday Sector Leaders: Utilities, Consumer Products The best performing sector as of midday Tuesday is the Utilities sector, losing just 2.0%. Within that group, Pepco Holdings Inc. (NYSE: POM) and NiSource Inc. (NYSE: NI) are two large stocks leading the way, showing a l...
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What I Didn't Do On My Summer Vacation

Forbes - 1 Sep 2015 20:29
Doing nothing can be the smartest--and hardest--investment strategy.
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Billionaire hedge fund manager David Einhorn announced Monday his Greenlight Capital Inc. hedge fund has lost nearly 14 percent in 2015, marking the firm's most difficult year since the financial crisis in 2008. The rece...
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Most of the company's revenue streams have suffered in the first half of 2015, with the exception of enterprise SSD revenues, which witnessed a massive 64% y-o-y increase to $360 million. On the other hand, the biggest a...
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Medtronic completed the consolidation of Covidien's acquisition last fiscal year, but significant synergies are not expected to be realized until the second half of fiscal 2016. On the other hand, the company is expected...
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Data compiled by the Federal Reserve shows that the total deposit base of all U.S. commercial banks is currently at a record high figure of $10.9 trillion. While this is more than double the $5 trillion in total deposits...
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Why Are The Airlines Splurging and Spending Money On Premium Services? The prolonged weakness in crude oil prices has enabled the industry to come out of its age-old stigma of being a poor investment. However, the airlines are not taking this success for granted. Most of the US airlines are...
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In recent months, there have been signs of slowing economic growth in China. Stock market crashes usually impacts the economy at large as capital reductions diminish wealth. Accordingly, the Chinese equities crash has ma...
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Investors Betting on More ECB Stimulus

Wall Street Journal - 1 Sep 2015 19:20
Six months after the European Central Bank launched its blockbuster bond-buying program to rouse the region's economy, some investors are betting that authorities will crank stimulus efforts even higher.
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