Market News
Goldman Puts Head of U.S. Inflation Trading on Leave
Wall Street Journal - 23 Mar 2016 22:34
Goldman Sachs Group put its head of U.S. inflation trading on leave as it reviews the way certain trades were booked, according to people familiar with the matter.
How GameStop Can Stay in the Game
Wall Street Journal - 23 Mar 2016 22:22
A low valuation buys GameStop time to diversify, but videogames will remain crucial to its business.
South Korea's Economy Has Bigger Worries Than Threats From Up North
Forbes - 23 Mar 2016 16:27
Landing at Incheon Airport – South Korea’s international gateway to its vibrant capital city of Seoul and the industrial hub of Incheon – you would not get an impression of an economy spooked by a barrage of nuclea...
Alleged 'Flash Crash' Trader Faces U.S. Extradition
Wall Street Journal - 23 Mar 2016 16:15
Navinder Sarao, the British trader who allegedly contributed to the 2010 stock market "flash crash," should be extradited to the U.S., a U.K. judge ruled.
The New Leucadia Is No Longer Lovable
Wall Street Journal - 23 Mar 2016 13:04
Since Leucadia National's deal to take full control of Jefferies Group, investors have headed for the exits and the conglomerate's shares have sunk.
Wall Street Faces New Rules on Pay
Wall Street Journal - 23 Mar 2016 23:30
Wall Street executives face new rules on their compensation as regulators prepare to release in April a tougher version of a proposal to rein in executive pay.
U.S. Oil Takes Biggest Losses in a Month as Stockpiles Keep Growing
Wall Street Journal - 23 Mar 2016 23:22
Oil prices are falling into deeper losses Wednesday after U.S. government data confirmed that oil stockpiles took another massive addition on top of already record-high levels.
Art Basel in Asia Is Showcase for Market Anxiety
Wall Street Journal - 23 Mar 2016 22:43
As Art Basel in Asia, one of the world's largest art fairs, gets under way in Hong Kong, galleries, artists and art investors are anxious about spillover from the region's shaky stock markets. Art sales in China fell 23%...
Will steel output increase, providing support to surging iron prices?
livemint.com - 23 Mar 2016 21:23
The World Steel Association said global crude steel production in February declined by 3.3% from a year ago
Could a battery of new orders bring hope for Bhel?
livemint.com - 23 Mar 2016 21:04
Bhel stock is up 5% since Monday, following a bullish report by CLSA Research that sparked off renewed interest in the company
Lessons from Sharepro: can another share transfer fraud be averted?
livemint.com - 23 Mar 2016 21:01
The alleged fraud by share transfer agent Sharepro Services is a wake-up call for both companies that use such agents and for their regulator
Wednesday Sector Leaders: Utilities, Consumer Products
Forbes - 23 Mar 2016 20:32
Looking at the sectors faring best as of midday Wednesday, shares of Utilities companies are outperforming other sectors, up 1.4%. Within that group, Pepco Holdings Inc. (NYSE: POM) and CMS Energy Corp (NYSE: CMS) are tw...
Gold Suffers Sharp Losses Amid Improved Risk Appetite And Bearish Outside Markets
Forbes - 23 Mar 2016 19:54
Gold prices ended the U.S. day session sharply lower and hit a three-week low Wednesday.
Yum Holds Talks With KKR, Others on China Business Stake Sale
Wall Street Journal - 23 Mar 2016 19:34
Yum Brands is considering selling a stake in its Chinese operation as part of a plan by the restaurant giant to spin off the once-fast-growing business. It started discussions with several financial firms about selling a...
Political Hardball: More Banks Steer Clear of Russia's Bond Sale
Wall Street Journal - 23 Mar 2016 19:34
European banks have joined their U.S. counterparts in staying away from a $3 billion Russian debt offering, unwilling to upset authorities amid sanctions. That leaves Moscow reliant on local and Chinese banks to get the ...
Wednesday's ETF with Unusual Volume: DTN
Forbes - 23 Mar 2016 19:28
The WisdomTree Dividend ex-Financials Fund ETF (DTN) is seeing unusually high volume in afternoon trading Wednesday, with over 336,000 shares traded versus three month average volume of about 44,000. Shares of DTN were o...
Wednesday's ETF Movers: XLU, GDX
Forbes - 23 Mar 2016 19:27
In trading on Wednesday, the Utilities Select Sector SPDR Fund ETF (XLU) is outperforming other ETFs, up about 0.6% on the day. Components of that ETF showing particular strength include shares of CMS Energy (CMS), up ab...
Wednesday Sector Laggards: Oil & Gas Exploration & Production, Metals & Mining Stocks
Forbes - 23 Mar 2016 19:25
In trading on Wednesday, oil & gas exploration & production shares were relative laggards, down on the day by about 4.3%. Helping drag down the group were shares of Linn Company LLC (LNCO), down about 16.2% and shares of...
Grab This Bargain Even Cheaper Than Divisional President Erwin Did
Forbes - 23 Mar 2016 19:24
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 March 16, Acxiom Corp.'s Divisional President, Richard E. Erwin, invested $4...
Wednesday Sector Leaders: Agriculture & Farm Products, Airlines
Forbes - 23 Mar 2016 19:24
In trading on Wednesday, agriculture & farm products shares were relative leaders, up on the day by about 0.7%. Leading the group were shares of S&W Seed Company (SANW), up about 2.8% and shares of CVR Partners LP (UAN) ...
Why CIT Hasn't Stepped Out of John Thain's Shadow
Wall Street Journal - 23 Mar 2016 18:46
CIT is promising better profitability, but still lacks a convincing strategic plan.
Big Oil's Next Big Energy Problem
Wall Street Journal - 23 Mar 2016 18:31
The LNG market faces an even longer recovery than oil as spot prices crater, a major project in Australia is shelved and buyers start renegotiating long-term contracts.