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Market News

Location American Market News for 2 October 2015

Jobs Number Leaves Fed in the Killing Yields

Wall Street Journal - 2 Oct 2015 20:05
A weak September employment report doesn't mean the job market is in trouble, but investors aren't taking any chances.
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10-Year Yield Tumbles Below 2% After Weak Jobs Report

Wall Street Journal - 2 Oct 2015 19:16
A weak employment report sent investors piling into U.S. government bonds Friday, with the yield on the benchmark 10-year Treasury note tumbling below 2% for the first time in more than a month.
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One Banking Scandal That Can Be Laid to Rest

Wall Street Journal - 2 Oct 2015 18:25
The U.K. consumer financial watchdog is right to call time on one of the country's biggest bank scandals, missold payment protection insurance.
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Jobs Data Likely to Stay Fed's Hand in October

Wall Street Journal - 3 Oct 2015 01:32
Friday's soft jobs numbers are unlikely to produce panic at the Federal Reserve about the health of the jobs market, but the report does reduce the likelihood the central bank will raise interest rates at its policy meet...
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Discount brokerage Scottrade Inc. disclosed a data breach Friday that appeared to target the names and street addresses of around 4.6 million clients.
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Fat Dividend Yield Becomes Spotlight In BDC Battle Between TPG And TICC Capital Investors lured by the promise of yields should tread carefully. It turns out some companies are reaching into investors' pockets to make fat dividend payments.
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Oil Surges as Rig Count Falls

Wall Street Journal - 3 Oct 2015 00:09
Crude prices jumped after the number of working U.S. oil rigs fell to a five-year low.
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IRS Shares More Account Information With Foreign Countries

Wall Street Journal - 2 Oct 2015 23:09
The Internal Revenue Service has kicked off a new program under which it shares large amounts of individuals' financial-account information with certain foreign countries, the agency said Friday.
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Micron: Time to Put More Chips Down

Wall Street Journal - 2 Oct 2015 23:08
Memory-chip maker Micron still has some tough periods ahead, but the stock looks ready to take a turn for the better.
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Friday Sector Laggards: Financial, Utilities The worst performing sector as of midday Friday is the Financial sector, showing a 0.9% loss. Within that group, The Charles Schwab Corporation (NYSE: SCHW) and CME Group (NASD: CME) are two of the day's laggards, showin...
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Dish Network: Everything Is Still on the Table

Wall Street Journal - 2 Oct 2015 22:29
Dish's decision to surrender some spectrum licenses could give it more financial flexibility.
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Leading memory chip manufacturer, Micron Technology lost almost 35% of its market value since it reported its Q3 2015 earnings on June 25th. The stock rose marginally in after hours trading yesterday as Micron?s Q4 2015 ...
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Yelp Is Worth $30 Per Share

Forbes - 2 Oct 2015 21:53
Yelp's stock has fallen out of favor with the investors and the price has declined by over 50% in the past six months. As a result, the stock has also under-performed the broader markets. The company operates in geograph...
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Shell-BG Deal Could Face Regulatory Sanctions, But Shell Will Do Everything It Can To Save Deal Ever since announcing the $70 billion deal to acquire BG Group Plc. back in April, Royal Dutch Shell Plc. has been busy these last few months obtaining the required merger related approvals from various regulatory author...
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Thor Industries (THO) approved, at their October 1, 2015 meeting, an increase in the amount of Thor's regular quarterly dividend to $0.30 per share from $0.27 per share, an increase of 11%. The regular dividend is payabl...
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Wynn Resorts has seen a steep fall in its stock price in the recent past amid renewed concerns over Macau junket operators. While the stock plunged over 30% in September, it is down over 70% in last 12 months due to a sl...
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Micron bodes well for Sandisk
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Glencore: Save The Lehman Moments For A Different Crisis Even if events at Glencore take a turn for the worse, comparisons to the bankruptcy of Lehman Brothers, which set off the worst global financial panic since the Great Depression, are misguided.
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Twitter And Four Other Stocks To Avoid Like The Plague Markets are getting restless. Valuations are stretched, the global economy is shaky, and after six years of a bull market investors are taking every excuse to sell. Now, more than ever, it’s important to own quality bu...
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India Makes Gold Coin Of The Realm

Forbes - 2 Oct 2015 21:32
India Makes Gold Coin Of The Realm Gold tends not to leave India once it enters. As the world’s largest importer, the country consumes massive quantities of the yellow metal—it’s on track to take in 900 tonnes of the stuff this year—where it remai...
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Cloud over US jobs data has a golden lining for metals miners Investors suffered a mild bout of indigestion following the release of disappointing US jobs data, with the FTSE dipping 0.3pc before closing up 0.95pc.
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Friday's ETF with Unusual Volume: CGW

Forbes - 2 Oct 2015 21:02
The Guggenheim S&P Global Water Index ETF (CGW) is seeing unusually high volume in afternoon trading Friday, with over 190,000 shares traded versus three month average volume of about 42,000. Shares of CGW were up about ...
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