Market News
United States Steel Shares Slide 59.0% Below Gerber's Purchase Price
Forbes - 12 Jan 2016 17:04
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 20, United States Steel Corp.'s Director, Murry Gerber, invested $131...
How to Profit From Rising Rents: Build Apartments
Wall Street Journal - 12 Jan 2016 17:59
After six years of rising apartment rents in U.S. cities, investors from all corners of the real-estate industry are piling into new projects in a bet the boom still has a long way to run.
Yuan's Offshore and Onshore Rates Converge
Wall Street Journal - 12 Jan 2016 17:16
The yuan's offshore and onshore rates converged Tuesday, closing a gap between the two that has been a headache for Beijing.
Asian Shares Regain Footing
Wall Street Journal - 12 Jan 2016 06:09
Most shares in Asia recovered Tuesday, with China's stock market edging higher at the open and China's yuan stabilizing for the third-straight day.
Bitcoin-Like MintChip Acquired By Canada's nanoPay With Digital Cash Future Promise
Forbes - 12 Jan 2016 23:58
nanoPay Corporation, a loyalty and payment platform tech start-up in Toronto, has acquired all the assets related to MintChip, a fledgling digital currency developed by the Royal Canadian Mint (RCM), which has been in th...
Housing Regulator Closes Loan Loophole Used by REITs
Wall Street Journal - 12 Jan 2016 23:17
A top federal housing regulator shut the door on mortgage investors who had been using a loophole to access low-cost, government-backed financing.
This Stock Has A 12.33% Yield, Sells For Less Than Book, and Insiders Have Been Buying
Forbes - 12 Jan 2016 23:08
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and dir...
Qlik Suffering From Vanishing Profits And Intense Competition From Amazon's QuickSense
Forbes - 12 Jan 2016 23:02
Taking a closer look at QLIK provides little comfort that the share price slide has run its course.
How Lululemon Can Return to Form
Wall Street Journal - 12 Jan 2016 22:14
Lululemon's updated guidance gives more weight to management's assurances that the company's margins will begin to expand.
Investors in Volatility Enjoy Wild Ride
Wall Street Journal - 12 Jan 2016 21:40
Markets around the world are volatile. That's good news for those who make their living on gyrations.
Tuesday Sector Laggards: Energy, Materials
Forbes - 12 Jan 2016 21:39
In afternoon trading on Tuesday, Energy stocks are the worst performing sector, showing a 3.8% loss. Within the sector, Williams Cos Inc (NYSE: WMB) and Southwestern Energy Company (NYSE: SWN) are two large stocks that a...
Tuesday Sector Leaders: Services, Consumer Products
Forbes - 12 Jan 2016 21:38
The best performing sector as of midday Tuesday is the Services sector, losing just 0.1%. Within that group, Time Warner Inc (NYSE: TWX) and Ross Stores, Inc. (NASD: ROST) are two large stocks leading the way, showing a ...
BTG Pactual Aims to Sell Stakes in Firms
Wall Street Journal - 12 Jan 2016 21:29
The Brazilian investment bank is attempting to raise cash and restore investor confidence following the November arrest of its former CEO.
Oil Prices at $30 Bend Nations, But Which Ones Could Break?
Wall Street Journal - 12 Jan 2016 21:14
Low oil prices have raised risks of political and economic instability for petroleum exporters such as Saudi Arabia, Iran, Venezuela and Russia. But the risks aren't so easy to quantify.
Alcoa's 2016 aluminium forecast upbeat, but it all depends on China
livemint.com - 12 Jan 2016 21:07
China's economic data in recent months has been weakening, raising fears it may slow down further. That is a risk to its appetite for metals
IndusInd Bank continues to maintain profit momentum in Q3
livemint.com - 12 Jan 2016 21:02
Overall net profit grew at around 30% year-on-year, to Rs581 crore in the December quarter, helped by 37% growth in operating profit
Spot electricity prices at record lows
livemint.com - 12 Jan 2016 21:01
Last month the market clearing price on the Indian Energy Exchange averaged at Rs2.56 per unit (kilowatt hour), down from Rs2.67 in November and Rs3.03 in October
Newmont Mining Well Placed To Face The Challenges Of 2016
Forbes - 12 Jan 2016 20:42
Newmont Mining enters 2016 well placed to face the challenges that it faces. Gold prices have fallen considerably over the past couple of years, putting downward pressure on the profitability of gold miners. This has for...
SAP Q4 Preliminary Earnings: Top-Line Surges Across The Board; S/4HANA Adoption Picked Pace
Forbes - 12 Jan 2016 20:40
The company continued its trend of announcing preliminary results ahead of the detailed earnings, which are due on January 22nd for the fourth quarter. Momentum in cloud bookings continued at a slowing pace with 75% year...
Alcoa Q4 2015 Earnings Review: Weakness in Aluminum Prices Weighs On Results
Forbes - 12 Jan 2016 20:38
The most important takeaway from the earnings call was that Alcoa remains on track to complete the separation of its upstream and value-added business segments into two companies in the second half of 2016, with cost red...
Oil slump nears $30 a barrel mark on unabated output
livemint.com - 12 Jan 2016 20:36
Analysts from some major banks have cut their 2016 oil forecasts to as low as $10 per barrel
Intel's Q4'15 Earnings Review: Growth To Be Driven By Data Center, IoT & Memory
Forbes - 12 Jan 2016 20:36
Weakness in the macroeconomic environment and the continued slowdown in PC sales restricted Intel's topline growth in 2015. Nevertheless, despite deriving over 60% of its revenue from the PC market, Intel has done a good...