Market News
Has High Yield Already Bottomed?
Forbes - 27 Feb 2016 20:42
Since at June of last year, when the high yield market started to underperform equities, investors have been concerned about high yield "leading the way." Ongoing weakness in the high yield market has kept that concern f...
Volkswagen, Uncharacteristically, Will Be Avoiding The Limelight In Geneva
Forbes - 27 Feb 2016 17:54
Volkswagen executives are usually all over the media at events like the Geneva Car Show, but humbled by the dieselgate scandal, they are unlikely to be seen breaking cover near microphones, notebooks or cameras next week...
The Week Ahead: Should Investors Ignore "The Wall of Worry"?
Forbes - 27 Feb 2016 17:46
The stock market was hit mid-week by a heavy wave of selling as traders pointed to the failure of the S&P 500 to surpass the resistance at 1950 as one of the reasons that the market was going to move lower. This was base...
Russian Unemployment Increased By About 5% In 2015
Forbes - 27 Feb 2016 17:29
Rosstat just released updated data on unemployment, and it makes for some interesting reading. First, and most important, is the simple fact that unemployment did meaningfully increase during the course of 2015: it went ...
Berkshire Hathaway sees jump in profit in 2015
CNBC - 27 Feb 2016 15:05
Warren Buffett's conglomerate saw a jump in profit during 2015, the company said on Saturday in its annual letter to shareholders.
Gold, silver dim on low demand, weak global cues
livemint.com - 27 Feb 2016 11:20
Gold of 99.9 and 99.5% purity fell by Rs40 each to Rs29,250 and Rs29,100 per ten grams respectively
Citigroup Receives Subpoena in FIFA Probe
Wall Street Journal - 27 Feb 2016 05:18
Citigroup is the first major U.S. bank to disclose a link to probes involving alleged corruption involving soccer's governing body.
Blackstone's Stephen Schwarzman Sees Windfall
Wall Street Journal - 27 Feb 2016 02:16
Blackstone Group co-founder Stephen Schwarzman collected $799.2 million in 2015, up from $689.3 million in 2014, despite market turmoil that battered the firm's stock and threatened to slow a frenzied stretch of selling ...
Morgan Stanley CEO Awarded $5.2 Million in Stock
Wall Street Journal - 27 Feb 2016 01:50
Morgan Stanley awarded James Gorman, the Wall Street firm's chairman and chief executive, shares valued at more than $5.2 million for exceeding his performance goals over the past three years, according to a regulatory f...
DOJ Subpoenas GE Unit in Subprime Probe
Wall Street Journal - 27 Feb 2016 01:28
The Justice Department has subpoenaed records concerning subprime mortgages from General Electric Co.'s financial services business, the company said in a securities filing
Is Facebook A Screaming Buy Or Sell?
Forbes - 27 Feb 2016 01:00
This article is directed to the individual investor concerned with achieving the highest possible total return. The highest total return will typically come from a true growth stock simply because a faster growing compan...
IRS: Cyberattacks More Extensive Than Reported
Wall Street Journal - 27 Feb 2016 00:41
The Internal Revenue Service said more than twice as many taxpayer accounts may have been hit by cybercriminals than the agency previously reported, with hackers gaining access to as many as 700,000 accounts and attempti...
India, Emerging Markets' Bright Star, Is Faltering
Wall Street Journal - 27 Feb 2016 00:40
A weakening currency is increasingly weighing on what had been seen as one of the last bright spots in emerging markets: India. The rupee is down almost 4% this year, flirting with an all-time low against the U.S. dollar...