Market News
Why China Shifted Its Strategy for the Yuan, and How It Backfired
Wall Street Journal - 7 Jan 2016 19:14
China's moves to guide the yuan lower have set off a free fall in the currency and global market reverberations as investors pile on the bets against the yuan--ultimately a no-win situation for Beijing.
Stocks Continue Rough 2016 as Crude Price Lowest in Over a Decade
Forbes - 7 Jan 2016 16:44
Different day, same drivers. Another stock rout in China and further depreciation for the price of oil are expected to drill U.S. stock averages at least initially on Thursday.
Stocks Slammed As China Worries Intensify
Forbes - 7 Jan 2016 16:39
It was a sea of red for stock markets around the globe on Thursday.
A Main Street Guide To Navigating The 2016 Wall Street Meltdown
Forbes - 7 Jan 2016 23:43
Main Street didn't cause this global market rout and its pain may be contained to Wall Street. But here are six important data points for ordinary Americans to pay attention to.
The December Jobs Report: Why China Matters
Wall Street Journal - 7 Jan 2016 23:38
If Friday's jobs report shows a slowdown in hiring, it will likely be a blip rather than the beginning of a new trend.
Something Is Seriously Wrong With Our Federal Reserve
Forbes - 7 Jan 2016 23:20
Is the U.S. Federal Reserve whistling past the graveyard
Everything You Need To Know About The 2016 Stock Market Selloff
Forbes - 7 Jan 2016 22:27
Markets around the world are reeling in early 2016. These are the facts and figures you need to know about China, oil prices and the big stock selloff.
Dollar snaps gains as China turmoil may limit Fed rate increases
livemint.com - 7 Jan 2016 22:14Daily Dividend Report: MET, PNC, STZ, SIG, WNR
Forbes - 7 Jan 2016 21:48
MetLife (MET) has declared a first quarter 2016 common stock dividend of $0.375 per share. The dividend will be payable on March 14, 2016, to shareholders of record as of Feb. 5, 2016.
The worst is definitely over for corporate earnings: Samir Arora
livemint.com - 7 Jan 2016 21:39Thursday Sector Leaders: Utilities, Services
Forbes - 7 Jan 2016 21:35
Looking at the sectors faring best as of midday Thursday, shares of Utilities companies are outperforming other sectors, losing just 0.8%. Within that group, NRG Energy Inc (NYSE: NRG) and Consolidated Edison, Inc. (NYSE...
As yuan slides, India's trade gap with China may bloat further
livemint.com - 7 Jan 2016 21:26
The yuan slide may lead to currency wars as other Asian countries rush to devalue to protect their exports and improve their competitive advantage vis- -vis goods manufactured in China
AAII Sentiment Survey: Not Surprisingly, Pessimism Rebounds Strongly
Forbes - 7 Jan 2016 21:03
Pessimism about the short-term direction of stock prices rebounded strongly as neutral sentiment pulled back from a 13-year high in the latest AAII Sentiment Survey.
How Much Revenues Can CBS' Streaming Services Add In Next 5 Years?
Forbes - 7 Jan 2016 20:48
How Much Revenues Can CBS’ Streaming Services Add In Next 5 Years? In the Table below, we answer this question by computing the number of subscribers for each of CBS’s Streaming services. We multiply this number firs...
Is Amazon Banking On India For Growth?
Forbes - 7 Jan 2016 20:46
In December 2015, Amazon led a $23 million investment in India-based Housejoy, a start-up that offers on-demand home services such as home cleaning, plumbing, beauty, fitness, laundry and other such services. According t...
Economic Outlook: Global Weakness Will Likely Be A Drag On The U.S. Recovery In 2016
Forbes - 7 Jan 2016 20:44
The U.S. economy is likely to be in a similar shape this year as it was in the past year. Solid growth in the labor market and consumer spending will support further recovery, while exports will continue to be a drag. In...
Thursday's ETF with Unusual Volume: URTH
Forbes - 7 Jan 2016 20:05
The iShares MSCI World ETF (URTH) is seeing unusually high volume in afternoon trading Thursday, with over 518,000 shares traded versus three month average volume of about 35,000. Shares of URTH were down about 1.7% on t...
Thursday's ETF Movers: GDX, XBI
Forbes - 7 Jan 2016 20:03
In trading on Thursday, the Gold Miners ETF (GDX) is outperforming other ETFs, up about 3% on the day. Components of that ETF showing particular strength include shares of Centerra Gold (CG.CA), up about 10% and shares o...
Thursday Sector Laggards: Shipping, Trucking Stocks
Forbes - 7 Jan 2016 19:57
In trading on Thursday, shipping shares were relative laggards, down on the day by about 6.4%. Helping drag down the group were shares of Golden Ocean Group (GOGL), down about 17.7% and shares of Navios Maritime Holdings...
Thursday Sector Leaders: Precious Metals, Apparel Stores
Forbes - 7 Jan 2016 19:55
In trading on Thursday, precious metals shares were relative leaders, up on the day by about 2%. Leading the group were shares of Barrick Gold (ABX), up about 8.5% and shares of Asanko Gold (AKG) up about 7.7% on the day...
Oil Could Sink Below $30 a Barrel
Wall Street Journal - 7 Jan 2016 19:17
Once a minority view, oil below $30 a barrel is increasingly being touted as the new home for a crude price being battered by troubles in China.
The perils of forecasting
livemint.com - 7 Jan 2016 19:06
Why forecasting is a mug's game, particularly for predicting markets such as those for commodities