Market News
U.S. Stock Market Can't Sidestep Emerging-Markets Trouble This Time Around
Wall Street Journal - 14 Oct 2015 21:43
The financial crises of the late 1990s were scary moments for U.S. investors, but recent troubles in developing economies could pack more punch.
Economic Deceleration In China No Reason To Ditch U.S. Stocks
Forbes - 15 Oct 2015 01:27
Investors shouldn't ignore the impact of China, but they should consider it in a broader context, where it doesn?t seem nearly as bearish to the U.S. market.
Goldman Entangled in Malaysia Fund Scandal
Wall Street Journal - 14 Oct 2015 08:16
The FBI and Justice Department are gathering information about Goldman Sachs's role in a series of transactions at 1Malaysia Development.
Payments Startup Square Discloses IPO Plans
Wall Street Journal - 15 Oct 2015 01:49
Payments startup Square officially filed to go public Wednesday, a move that comes as the market for initial public offerings remains shaky.
Investor Seeks to Hold Ernst & Young Liable for Madoff Losses
Wall Street Journal - 15 Oct 2015 01:39
Ernst & Young failed to serve as a gatekeeper for a Washington investment firm that sunk millions of dollars into Bernard Madoff's investment firm and should be held liable for its losses, the firm's lawyer told a jury.
Optimism Jumps To Highest Level Since March As Stocks Rally
Forbes - 15 Oct 2015 01:38
Individual investor optimism about the short-term direction of stock prices is at its highest level in more than six months, according to the latest AAII Sentiment Survey. Neutral sentiment also rose, while pessimism plu...
Federal Reserve Beige Book Reveals Strong US Dollar Is Restraining Manufacturing Activity
IBTimes - 15 Oct 2015 01:29
The U.S. Federal Reserve's latest Beige Book, released Wednesday, reveals that the strong dollar was hurting the manufacturing sector in mid-August through early October, according to anecdotal comments from contacts out...
Dollar Weakens on U.S. Data
Wall Street Journal - 15 Oct 2015 01:28
A batch of disappointing U.S. economic data sent the dollar tumbling broadly on Wednesday, with the WSJ Dollar Index falling nearly 1% to its lowest level since the end of June.
Dow Jones Industrial Average Tumbles 150 Points After Wal-Mart Stores Inc. (WMT) Sinks 10%
IBTimes - 15 Oct 2015 01:10
U.S. stocks closed sharply lower Wednesday, with the Dow Jones Industrial Average tumbling more than 150 points, after a series of mixed economic reports and earnings results raised questions on whether the Federal Reser...
Netflix Shares Tumble As U.S. Subscriber Growth Falls Short Of Company's Forecast
Forbes - 15 Oct 2015 00:34
Strong subscriber growth has long driven Netflix soaring stock price -- up 75% year-over-year as of the closing bell. But it turns out shareholders are paying attention to the details. Shares of the video streaming serv...
Netflix shares rebound as execs soothe investors
CNBC - 15 Oct 2015 00:04
Netflix, led by CEO Reed Hastings, missed expectations for third-quarter U.S. subscriber growth, sending its shares down.
Wal-Mart Becomes Screaming Bargain As Shares Get Thrashed
Forbes - 15 Oct 2015 00:01
In late August, we wrote that Wal-Mart shares were a bargain and today’s overreaction to management’s guidance presents an even better buying opportunity.
Why Wal-Mart Finds Itself in a Big Box
Wall Street Journal - 14 Oct 2015 23:59
Wal-Mart's efforts to spruce up its business come at a time when the retailing environment is particularly tough.
Bank of America, Wells Fargo Earnings: You Really Can't Fight the Fed
Wall Street Journal - 14 Oct 2015 23:16
Returns fall at two more big banks as low-interest rates squeeze margins.
Notable Wednesday Option Activity: HD, COST, MU
Forbes - 14 Oct 2015 23:08
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Home Depot Inc (NYSE: HD), where a total of 27,870 contracts have traded so far, representing approximately 2.8 mill...
Trial Opens for Former Rabobank Traders
Wall Street Journal - 14 Oct 2015 23:00
The prosecution against two former Rabobank traders said in a trial opening statement that the traders manipulated the London interbank offered rate over and over again for their own benefit.
Wednesday Sector Laggards: Services, Financial
Forbes - 14 Oct 2015 22:51
Looking at the sectors faring worst as of midday Wednesday, shares of Services companies are underperforming other sectors, showing a 1.2% loss. Within that group, Wal-Mart Stores, Inc. (NYSE: WMT) and Best Buy Inc (NYSE...
Noteworthy Wednesday Option Activity: GOOGL, COP, JPM
Forbes - 14 Oct 2015 22:50
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Alphabet Inc (NASD: GOOGL), where a total of 25,750 contracts have traded so far, representing approximately 2.6 mil...
Wednesday Sector Leaders: Technology & Communications, Energy
Forbes - 14 Oct 2015 22:49
Looking at the sectors faring best as of midday Wednesday, shares of Technology & Communications companies are outperforming other sectors, up 1.2%. Within that group, Tripadvisor Inc (NASD: TRIP) and SanDisk Corp. (NASD...
Wilbur Ross Turns to Ex-TXU Chief to Save Exco
Wall Street Journal - 14 Oct 2015 22:20
C. John Wilder made a fortune selling the Texas utility he led, TXU Corp., to financial firms. Now, other financiers, including Wilbur Ross, are turning to Mr. Wilder to rescue a different energy company--Exco Resources.
Albertsons, First Data Are Set to Be Year's Two Biggest IPOs
Wall Street Journal - 14 Oct 2015 22:16
Supermarket operator Albertsons and payment-processing company First Data aim to end this year's drought of large initial public offerings in the U.S. amid recent market volatility.
Why Intel's PC Beat Doesn't Compute
Wall Street Journal - 14 Oct 2015 22:07
Chip giant Intel trimmed the outlook for its data-center business, which is more important than what is happening with personal computers.