Market News
Money-Fund Yields Should Rise Within Days
Wall Street Journal - 19 Dec 2015 05:54
It will only take days for the Federal Reserve's boost to short-term interest rates to start showing up in the yields of money-market mutual funds.
The Week Ahead: Are German Investors Right About Stocks Again?
Forbes - 19 Dec 2015 16:47
The stock market's bullish reaction to the FOMC rate hike did not last long as after last Wednesday's strong close the sellers again took over. A week ago I was not convinced that the market would able to recoup the prio...
Why 2016 Will Be Another Year Of Currency Turmoil
Forbes - 19 Dec 2015 14:15
One safe bet: the liberalization of China's yuan will be at the heart of another turbulent year.
Gold, silver bounce back on global cues, jewellers buying
livemint.com - 19 Dec 2015 13:23
Gold bounces back to trade `155 higher at `25,530 per 10 grams at the bullion market
Slippery Oil, High-Yield Warnings Could Challenge Stocks' 'Santa Rally'
Forbes - 19 Dec 2015 12:00
Sinking oil prices sapped what was shaping up to be sharp weekly gains for the broad stock averages early last week, leaving the major averages essentially flat when the final bell clanged. Commodities volatility isn’t...
Wall Street's Biggest Junk Bond Dealer Weighs In on the Rout
Wall Street Journal - 19 Dec 2015 02:41
The executive overseeing J.P. Morgan's debt capital markets says the market for high-yield bond isn't in a bubble, even as he forecasts sizable losses across the industry in the short term.
Rate Rally Fizzles as Dow Ends Week With Slide
Wall Street Journal - 19 Dec 2015 02:27
In the two days after the Federal Reserve gave investors exactly what they expected, the Dow Jones Industrial Average posted its steepest loss since a late-August plunge.
Puerto Rico Power Authority in Preliminary Pact with Bond Insurers
Wall Street Journal - 19 Dec 2015 02:14
The Puerto Rico Electric Power Authority reached a preliminary agreement with bond insurers to restructure the utility's finances, a key step toward completing the first deal that would grant debt relief to the U.S. comm...
Feds Investigating Consumer-Debt Expert Howard S. Dvorkin
Wall Street Journal - 19 Dec 2015 00:14
Federal authorities in Montana and Washington, D.C., are investigating Howard S. Dvorkin, a prominent advocate for consumer-debt relief, over his business ties to payday lenders that charge high rates of interest, accord...