Market News
Stock-Market Rout: Where's the Fed?
Wall Street Journal - 20 Jan 2016 20:55
Part of what is spooking markets is central bankers don't look like they are about to swoop in for the rescue, and it is uncertain whether they could.
Saudi Arabia and Iran Tussle Over Exports to China
Wall Street Journal - 20 Jan 2016 03:35
Chinese President Xi Jinping arrived in Riyadh, starting a trip that puts his country at the center of a clash between Saudi Arabia and Iran over crude-oil sales, an issue at the core of the Middle East economy.
Goldman Sachs earnings, revenue top expectations
CNBC - 20 Jan 2016 15:05
Goldman Sachs profit slumped for the third straight quarter as a settlement of crisis-era claims ate into earnings in a tumultuous three months.
Market Rout Starts 2016 Off on Wrong Foot
Wall Street Journal - 20 Jan 2016 03:32
Stock markets have done swift work so far this year to dash investor hopes for an improvement over 2015, which delivered some of the worst annual losses since 2008.
Canada Grapples With Housing Bubble Risk
Wall Street Journal - 20 Jan 2016 02:57
Almost a decade after Canada's housing market escaped the real-estate meltdown, the risk of a potential housing bubble in Vancouver and in Toronto has become a central preoccupation for policy makers.
Deutsche Bank Warns Litigation Charges to Spur Quarterly Loss
Wall Street Journal - 20 Jan 2016 23:51
Deutsche Bank said it expects a fourth-quarter loss of €2.1 billion, weighed down by additional charges tied to legal and restructuring costs, and by the impact of difficult market conditions.
Why Twitter's Battered Stock Could Make It a Takeover Target
Wall Street Journal - 20 Jan 2016 23:29
Twitter's shares are well below its IPO price. That could attract suitors.
£52bn wiped off UK's top companies, as blue-chip index closes at same level of exactly 10 years ago
Telegraph - 20 Jan 2016 22:40
FTSE dragged into bear market after falling by more than 20pc from April highs
Starbucks Results Should Trump Red-Cup Mess
Wall Street Journal - 20 Jan 2016 22:17
Starbucks's financial results are expected to be strong, withstanding the red-cup fiasco.
Dow Tumbles; Investors Flee to Bonds on Oil Rout
Wall Street Journal - 20 Jan 2016 22:06
Investors fled stocks and rushed into the safety of U.S. government bonds Wednesday.
ECB Finds Global Market Turmoil Blunting QE Weapon
Wall Street Journal - 20 Jan 2016 21:49
The European Central banks bond-buying program was designed to stimulate the eurozone's economy, but slumping markets have wiped out gains.
Russia's Economy Is A Mess, But Will Its Financial System Implode? Probably Not
Forbes - 20 Jan 2016 21:43
Russia's economy is, obviously, not in particularly good shape right now. The economy entered recession in 2015 and that recession is currently forecast to continue at least through the end of 2016. Yes the initial IMF...
Wednesday Sector Leaders: Healthcare, Consumer Products
Forbes - 20 Jan 2016 21:38
Looking at the sectors faring best as of midday Wednesday, shares of Healthcare companies are outperforming other sectors, losing just 0.4%. Within that group, Endo International plc (NASD: ENDP) and Celgene Corp. (NASD:...
Hedge Funds' Hot Idea: Retreat
Wall Street Journal - 20 Jan 2016 21:16
Hedge funds reeling from the recent stock-market turmoil are rallying around a hot tip: Buy nothing.
Some Recent Developments In The Cosmetics Arena: Estee Lauder, L'Oreal, Avon Products
Forbes - 20 Jan 2016 21:09
There have been some important developments in the beauty arena lately. It seems all the major players want to start 2016 with fresh vigor and growth opportunities. Premium beauty giant, Estee Lauder, announced a new Vic...
Will Digital Initiatives Drive Revenues For Bed, Bath & Beyond?
Forbes - 20 Jan 2016 21:07
Bed Bath & Beyond reported a 25% increase in comparable sales from customer facing digital channels in Q3 2015, while comparable store sales declined in the low single digit percentage range. While overall sales in Q3 20...
Oil Wipeout: Why Prices Aren't as Cheap as They Look
Wall Street Journal - 20 Jan 2016 21:06
Drawing conclusions from the oil price without considering inflation and exchange rates is the equivalent of flying blind.
Key Metrics To Watch As Verizon Reports Q4 Earnings
Forbes - 20 Jan 2016 21:05
erizon is set to publish its Q4 2015 earnings on Thursday, January 21, reporting on another quarter that saw significant promotional activity by its smaller rivals who are looking to court an increasingly limited number ...
IBM Earnings: Revenues From Strategic Imperatives Improves
Forbes - 20 Jan 2016 21:04
International Business Machines posted its Q4 results on January 19th. In line with our expectations, the revenues declined by 2% in constant currency (9% as reported) to $22.1 billion due to declining revenue in the Mid...
Goldman Sachs Profit Drops on Big Legal Bill, Trading Woes
Wall Street Journal - 20 Jan 2016 20:58
Goldman Sachs's profit tumbled 65% as weak trading and a large penalty took a heavy toll.
Lower input costs aid UltraTech Cement in Q3
livemint.com - 20 Jan 2016 20:52
Given the falling prices of cement during the December quarter, UltraTech Cement beating profit estimates was a pleasant surprise
Stocks Whacked, Oil Routed Again, Before A Bounce
Forbes - 20 Jan 2016 20:50
Stocks are on pace for their worst month since the 2008 crisis as the January selloff resumes.