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Market News

Location American Market News for 9 March 2017

Shell's Oil-Sands Exit Puts It on Solid Ground

Wall Street Journal - 9 Mar 2017 15:37
Shell's $7.25 billion sale of oil-sands assets helps it shed debt and reduce exposure to one of the costliest forms of oil production
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AAII Sentiment Survey: Highest Investor Pessimism In 13 Months Pessimism among individual investors jumped to its highest level in more than year in the latest AAII Sentiment Survey. At the same time, the percentages of individual investors describing their six-month outlooks as bul...
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Stock Buybacks Are So Yesterday

Wall Street Journal - 9 Mar 2017 22:14
Companies are acting like there are better things to do with their money than buy back their shares.
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Days of angel groups with dumb money are gone, says Nikhil Kapur of GREE Ventures GREE Ventures investment manager on why investors are reducing valuations of local e-commerce firms amid caution over investing in 'localized copycats'
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Oil Price Plummets As US Supply Grows, What It Means For Your Wallet The price of oil plummeted on March 8 and 9. What does this mean for investors and for the cost of filling up your car?
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Coach And Michael Kors Still In The Hunt For Kate Spade Handbag and accessories retailer Kate Spade recently confirmed speculation that it is exploring strategic alternatives for its business. Earlier it was reported that the company was working with a bank to contact possibl...
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The Wild Card of Health-Care Reform

Wall Street Journal - 9 Mar 2017 20:46
Wall Street shouldn't ignore President Donald Trump's interest in lowering drug prices.
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HSBC Cleans Up Balance Sheet Further With Sale Of $1.6 Billion U.S. Mortgages To Credit Suisse In the latest step by HSBC towards winding down its non-core operations in the U.S., the bank has agreed to sell mortgages worth $1.6 billion to DLJ Mortgage Capital - a subsidiary of Credit Suisse.
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Are Investors Betting On An Italian Banking Crisis? Credit default swaps on Italian debt rising as market concerns grow over Rome's "Zombie banks".
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Sebi continues flip-flop on penny stocks tax cases

livemint.com - 9 Mar 2017 19:58
Sebi continues flip-flop on penny stocks tax cases Markets regulator Sebi is torn between acting against the tax evaders and letting the income-tax department deal with the suspected offenders
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As ECB Tweaks Tone, Markets Should Listen

Wall Street Journal - 9 Mar 2017 19:50
The ECB takes a baby step, but not a giant leap. Still, the tide is starting to turn on monetary policy.
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Investors likely to cheer as UP exit polls favour BJP Stock markets are likely to open higher on Friday after UP exit polls show BJP emerging as the single largest party, but analysts warn of volatility, high valuations
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5 Things For New Investors To Know Before Investing In Marijuana Stocks As California gets closer to establishing its recreational marijuana market, new investors are being drawn to cannabis company stocks. Here are five things these new investors should know.
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Bill Gross: Don't Be Fooled By 'Trump Mirage' Bill Gross has never been one to mince words -- and his latest investment outlook is no anomaly in his oeuvre of outspoken manifestos. In it, the billionaire bond guru warns against putting too much faith in the market e...
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The Big Reveal About Trumponomics

Forbes - 9 Mar 2017 17:17
The Big Reveal About Trumponomics The Big Reveal is that significant market pull-backs come along with the possibility of 3-4% economic boom expansion rates. With expansions come contractions and recession. Get set for a new reality. A reality that looks...
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D-Mart IPO oversubscribed 5.71 times on Day 2

livemint.com - 9 Mar 2017 16:29
D-Mart IPO oversubscribed 5.71 times on Day 2 The IPO of D-Mart parent Avenue Supermarts, received bids for 25.31 crore shares against the total issue size of 4.43 crore shares on the second day
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AIG CEO Peter Hancock To Depart Amid Mounting Losses He will remain at the insurance giant until a replacement is found.
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Chinese wireless carriers will eliminate mobile roaming charges and fees for long-distance calls nationwide starting from October 1 this year. The move comes shortly after Chinese Premier Li Keqian delivered the governme...
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Spoiler Alert: The ECB Is Still Very Dovish... Easy Money Here For Extended Period Of Time The European Central Bank (ECB) just wrapped up its latest meeting and held its main rate at 0.0 percent and said it will leave rates low for an extended period of time.
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4 Words That Broke Many Investors

Forbes - 9 Mar 2017 15:00
4 Words That Broke Many Investors Four little words may have cost more investors more money than anything else in stock market history: This time is different.
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Those Jobs Are Never "Coming Back"

Forbes - 9 Mar 2017 15:00
Those Jobs Are Never Technological advancements are eliminating working-class jobs not only in the US, but around the world.
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Gold prices extend slide on weak global cues

livemint.com - 9 Mar 2017 14:55
Gold prices extend slide on weak global cues Standard gold prices slumped by Rs205 to end at Rs28,640 per 10 grams from its Wednesday's close
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