Market News
Trading the World's Biggest Trend
Forbes - 1 Oct 2015 07:22
Over the past several months it has become increasingly clear that the US dollar has been the best house in an otherwise bad neighborhood. I have been both a vocal proponent and a benefactor of this notion. There are sev...
Lawrence Summers Still Disagrees With Janet Yellen
Wall Street Journal - 2 Oct 2015 01:40
Several Fed officials, including Chairwoman Janet Yellen, say they plan to raise rates this year, and Lawrence Summers thinks that's a mistake.
Merrill Shuffles Brokerage Managers in Wake of Broader Cost Cuts at BofA
Wall Street Journal - 2 Oct 2015 01:04
Bank of America's Merrill Lynch unit is shuffling several of the top executives who oversee the brokerage's more than 14,000 financial advisers, in the wake of broader cost cuts at the bank.
Hedge Fund Hotel Stocks Tanked In Q3 And That Could Be A Good Test For Wall Street
Forbes - 2 Oct 2015 00:51
Many hedge fund radically altered their structures in the wake of the financial crisis in search of stability, and the recent turmoil could be a good litmus for what works.
Micron's Stock Pops After Earnings Top Estimates
Forbes - 2 Oct 2015 00:26
Shares of Micron Technology were rallying in after-hours trading on Thursday after the chipmaker reported earnings that topped estimates.
Can Synaptics Really Do Better?
Wall Street Journal - 1 Oct 2015 23:46
A reported bid for chip maker Synaptics shows a fair premium despite recent selloff.
Regulatory effort needed to ensure trust in markets: Michael Klowden
livemint.com - 1 Oct 2015 23:43
The president and CEO of the Washington DC-based Milken Institute on the current business and political climate in Asia, China and India, as viewed by US investors and stakeholders
Indian markets are maturing, but there is a long way to go: Biswajit Chatterjee
livemint.com - 1 Oct 2015 23:40
The partner at legal firm Squire Patton Boggs says deal making in India being held back by factors ranging from currency fluctuations to impractical valuation expectations of promoters
Fed Aims for a Work-Price Balance
Wall Street Journal - 1 Oct 2015 23:20
Even if the Fed raises rates in December, unemployment may be headed to uncomfortably low levels by next year, sparking inflation worries.
Credit Suisse Wins U.S. Exemption to Continue Managing Pension Assets
Wall Street Journal - 1 Oct 2015 22:54
Credit Suisse Group AG won a U.S. government exemption enabling the Swiss bank to continue managing billions of dollars in pension fund assets, following its guilty plea in a U.S. court last year.
Judge Rules for J.P. Morgan in $8.6 Billion Lehman Lawsuit
Wall Street Journal - 1 Oct 2015 22:53
A federal judge in New York granted a victory to J.P. Morgan & Co. in its $8.6 billion legal fight with Lehman Brothers Holdings Inc.'s, rejecting the failed investment bank's claim that J.P. Morgan illegally siphoned bi...
Volkswagen Recall Casts Shadow Over France's Auto Industry: How Will Emissions Scandal Affect The Future Of French Diesel?
IBTimes - 1 Oct 2015 22:38
Known for such cars as the classic Citroen Deux Chevaux and the luxury vehicles of powerhouse Renault, France has long been one of the largest and most recognizable car manufacturers in Europe -- and indeed, in the world...
Thursday Sector Laggards: Utilities, Technology & Communications
Forbes - 1 Oct 2015 22:36
In afternoon trading on Thursday, Utilities stocks are the worst performing sector, showing a 1.4% loss. Within that group, FirstEnergy Corp. (NYSE: FE) and Duke Energy Corp (NYSE: DUK) are two of the day's laggards, sho...
Looming storm trims gains made by commodity stocks
Telegraph - 1 Oct 2015 22:20
Despite making ground in early trade, oil and mining stocks' gains were trimmed as oil prices slipped.
Carnitas Coming Back to Restaurants: Does This Really Impact Chipotle's Valuation?
Forbes - 1 Oct 2015 22:06
Chipotle Mexican Grill announced that its pork shortage is almost over and Carnitas will be back on the menu in most of its restaurants by November. This development might have a positive impact on the same store sales a...
Petrobras Price Estimate Slashed Based On Reduced Realizations, Depreciating Real And S&P Downgrade
Forbes - 1 Oct 2015 22:04
Petroleo Brasileiro Petrobras is a vertically integrated oil and gas company, which operates in both the upstream and downstream segments of the industry. The Brazilian multinational energy giant is one of the largest co...
Daily Dividend Report: EPD, AFG, LTC, PNC, WSO, SM, MW
Forbes - 1 Oct 2015 22:01
Enterprise Products Partners (EPD) declared an increase in the quarterly cash distribution paid to partners to $0.385 per common unit, or $1.54 per unit on an annualized basis. The quarterly distribution will be paid on ...
With T-Mobile Deal Dead In The Water, Dish Could Lease Spectrum To Verizon
Forbes - 1 Oct 2015 21:59
Dish Network is reported to have had talks with Verizon regarding a partnership which could lead to Verizon using Dish's spectrum in exchange for providing Dish with wireless capacity. Dish was earlier in discussions wit...
Thursday's ETF with Unusual Volume: GNR
Forbes - 1 Oct 2015 21:55
The SPDR S&P Global Natural Resources ETF (GNR) is seeing unusually high volume in afternoon trading Thursday, with over 1.7 million shares traded versus three month average volume of about 215,000. Shares of GNR were do...
Hedge funds blamed as Glencore slides back into negative territory
Telegraph - 1 Oct 2015 21:54
Despite gaining momentum in early trade, as a result of a note from Barclays, Glencore fell into negative territory in afternoon trade .
Thursday's ETF Movers: EMLP, XBI
Forbes - 1 Oct 2015 21:53
In trading on Thursday, the First Trust North American Energy Infrastructure Fund ETF (EMLP) is outperforming other ETFs, up about 0.4% on the day. Components of that ETF showing particular strength include shares of Enb...
Thursday Sector Laggards: Education & Training Services, Metals & Mining Stocks
Forbes - 1 Oct 2015 21:50
In trading on Thursday, education & training services shares were relative laggards, down on the day by about 3.2%. Helping drag down the group were shares of National American University Holdings (NAUH), off about 12.5%...