Market News
How much is Formula One worth?
CNN - 23 Dec 2015 15:56
As rumors circulate that Formula One could be sold in 2016, Amanda Davies explores the value of the sport.
African Firms Hit by Dollar Shortages
Wall Street Journal - 23 Dec 2015 04:30
Some of Africa's largest economies are restricting access to the greenback to protect dwindling reserves, and that is causing problems for large and small businesses.
The Trouble With Sovereign-Wealth Funds
Wall Street Journal - 23 Dec 2015 04:39
Sovereign-wealth funds proliferated with oil's rise. Now some are troubled, but the opacity of many such funds makes them a black box in global markets.
Chipotle's Lesson from Yum's China Syndrome
Wall Street Journal - 23 Dec 2015 23:19
Chipotle's E. coli woes are far from over, but the lesson from Yum Brands is that its reputation will likely recover.
Falling crude oil prices offer comfort to lubricant makers
livemint.com - 23 Dec 2015 21:51
Crude oil prices have declined further and that is good news for lubricant makers Castrol India and Gulf Oil Lubricants India
Green shoots in bank credit growth?
livemint.com - 23 Dec 2015 21:45
Bank credit growth seems to be finally picking up
Will China's renminbi devaluation be disruptive for EMs like India?
livemint.com - 23 Dec 2015 21:34
The weakening of the yuan could lead to competitive devaluation of Asian and EM currencies
Why Weekly Jobless Claims Matter
Wall Street Journal - 23 Dec 2015 21:32
Employment figures out Thursday may put additional pressure on the Federal Reserve to accelerate the tightening pace in 2016.
Wednesday Sector Laggards: Services, Technology & Communications
Forbes - 23 Dec 2015 21:32
Looking at the sectors faring worst as of midday Wednesday, shares of Services companies are underperforming other sectors, up 0.6%. Within that group, Bed, Bath & Beyond, Inc. (NASD: BBBY) and Expedia Inc (NASD: EXPE) a...
Neuberger Berman BuysStake in Private-Equity
Wall Street Journal - 23 Dec 2015 21:21
Neuberger Berman's private-equity unit Dyal Capital Partners has purchased a roughly 20% stake in an oil and gas investor, a new bet that energy bargains can be found following the worst commodity slump in years.
Gravity is back for 2016 markets as central banks recede support
livemint.com - 23 Dec 2015 21:06
After propping up financial markets with zero interest rates and debt purchases for seven years, top monetary-policy makers are becoming a less calming presence
Gold Weaker as Firmer U.S. Dollar Index Trumps Higher Crude Oil Prices
Forbes - 23 Dec 2015 20:56
Gold prices ended the U.S. day session modestly lower in quiet trading activity Wednesday.
Chevron's Decision To Reduce Near Term Capital Spending Makes Sense In Current Oil Price Environment
Forbes - 23 Dec 2015 20:43
Chevron recently announced that it is revising its estimates for the company's capital and exploratory investment program for 2016. This follows a spate of other cost cutting decisions the company has taken in the wake o...
Cliffs Exits Coal Mining Business As Part Of Larger U.S. Iron Ore Focused Strategy
Forbes - 23 Dec 2015 20:39
Cliffs has sold off the Pinnacle Mine in West Virginia and the Oak Grove Mine in Alabama to Seneca Coal Resources for $268 million. In addition, Seneca Coal could pay Cliffs an earn out of up to $50 million, which is con...
Nike Earnings: Company Delivers Another Strong Quarter Despite Currency Headwinds
Forbes - 23 Dec 2015 20:37
Nike posted a solid earnings on December 22nd, reporting healthy increases in revenues across all geographies and most product categories. Apart from recording good numbers across the board, the company has also seen hea...
Big Trader Strikes Back Against CFTC
Wall Street Journal - 23 Dec 2015 20:31
DRW Investments founder Don Wilson Jr. is fighting allegations by the regulator that his firm placed manipulative bets in an obscure corner of the futures market.
Daily Dividend Report: NTP, NECB, CSPI
Forbes - 23 Dec 2015 20:20
Nam Tai announced the record date for the Company's first quarter of 2016 cash dividend of $0.02 per common share will be on December 31, 2015 and the dividend payment date will be before January 20, 2016.
Wednesday's ETF with Unusual Volume: EMDD
Forbes - 23 Dec 2015 20:14
The EGShares S&P Emerging Markets Domestic Demand ETF (EMDD) is seeing unusually high volume in afternoon trading Wednesday, with over 95,000 shares traded versus three month average volume of about 28,000. Shares of EMD...
Wednesday's ETF Movers: XOP, FPE
Forbes - 23 Dec 2015 20:12
In trading on Wednesday, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is outperforming other ETFs, up about 5.8% on the day. Components of that ETF showing particular strength include shares of Halcon Resour...
Wednesday Sector Laggards: Real Estate, Defense Stocks
Forbes - 23 Dec 2015 20:10
In trading on Wednesday, real estate shares were relative laggards, down on the day by about 0.1%. Helping drag down the group were shares of United Development Funding IV (UDF), off about 9.6% and shares of China HGS Re...
Wednesday Sector Leaders: Oil & Gas Exploration & Production, Shipping Stocks
Forbes - 23 Dec 2015 20:06
In trading on Wednesday, oil & gas exploration & production shares were relative leaders, up on the day by about 8.2%. Leading the group were shares of Memorial Production Partners LP (MEMP), up about 41.4% and shares of...
Dow Analyst Moves: MCD
Forbes - 23 Dec 2015 18:51
The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, McDonald's (MCD) is the #21 analyst pick. Within the broader S&P 500, when c...