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Market News

Location American Market News for 10 March 2017

Strong Jobs Market Is a Risk to Growth

Wall Street Journal - 10 Mar 2017 21:35
The job market keeps steaming ahead, but the economy is still just poking along. The reason behind this disconnect is a risk if growth in the gross domestic product picks up.
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Jobs Report: Wages Will Set the Tone for Fed

Wall Street Journal - 10 Mar 2017 00:45
Friday's jobs report shouldn't prevent the Federal Reserve from raising interest rates at next week's meeting.
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Trading Strategies For The 5 Best Performing Dow Stocks Since March 2009 Five Dow components have returned more than 500% since March 2009. Here's have to trade them.
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Here's How General Motors' Exit From Europe Can Benefit Its Shareholders Recently General Motors announced that its Opel/Vauxhall subsidiary and GM Financial's European operations will be sold to the PSA Group for a total transaction value of around $ 2.3 billion.
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How to Pick Winners in Hotel Merger Wave

Wall Street Journal - 10 Mar 2017 12:32
Hotel groups may find themselves besieged, but they are bulking up to go toe-to-toe with online travel agents.
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Middle Market M&A: Why You Should Be Mad As...Heck...And Not Take It Any More When selling your family-run business - no matter how small - current law might require you to hire an investment banker. In spite of the absurdity, Congress and state-level securities regulators have been reluctant to r...
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Using Public Money For Yankees Spring Training Site Upgrades Is Fair, Not Foul A majority of the $40 million dollars in upgrades to the New York Yankees Spring Training home in Tampa is funded by the public. Are the Yankees the only winners in this deal?
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World's only F1/motorbike champ dies

CNN - 10 Mar 2017 21:05
"A gentleman and a true legend." The motorsport world has paid tribute to one its greatest all-round racers, John Surtees, who passed away Friday at the age of 83. He is the only man to win a world title on both four and...
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How The Largest U.S. Banks Have Strengthened Their Core Capital Ratios Since 2012 As regulatory requirements became stricter in the wake of the economic downturn, the largest U.S. banks worked diligently to improve their common equity tier 1 (CET1) capital ratio figures.
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Sebi streamlines M&A rules for listed firms

livemint.com - 10 Mar 2017 19:50
Sebi streamlines M&A rules for listed firms Firms have to take Sebi's nod before going to court with a so-called scheme of arrangement
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Biotech Firm's Stock Options Complicate Its Valuation From yesterday's research, analysts parsed 104 10-K filings and collected 12,874 data points. In total, they made 2,194 forensic accounting adjustments with a dollar value of $117 billion. Analyst Cody Fincher found an u...
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Gold prices remain weak on muted demand, global cues

livemint.com - 10 Mar 2017 15:44
Gold prices remain weak on muted demand, global cues Standard gold prices plunged by Rs240 per 10 grams to finish at Rs28,400 from its overnight closing level of Rs28,640.
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U.S. Adds 235,000 Jobs In February, Surpassing Economist Expectations The bull market just celebrated its eighth birthday, and it's not the only part of the economy that's hitting new milestones. The BLS reported Friday that the U.S. job market added 235,000 non-farm jobs in February, lead...
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Forget 3% Growth With This Deficit

Forbes - 10 Mar 2017 15:00
Forget 3% Growth With This Deficit Studies have shown that when government debt rises above 90% it begins to have an effect on the growth of GDP.
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Currency in circulation drops to Rs11.73 trillion after demonetisation, says govt Rs16.41 trillion worth currency notes in circulation as on 31 March 2016 has come down to Rs11.73 trillion as on 3 March 2017, says MoS finance Arjun Ram Meghwal
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D-Mart IPO subscribed 104 times on last day

livemint.com - 10 Mar 2017 13:19
D-Mart IPO subscribed 104 times on last day D-Mart IPO received bids for 460.22 crore shares against the total issue size of 4.43 crore shares, data available with the NSE till 1545 hours shows
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Investing Legend Joel Greenblatt On The Trump Rally And Why Apple Is A Value Stock The stock market isn't cheap and it's as hard as ever for fund managers to prove their worth on Wall Street, but legendary investor Joel Greenblatt is finding opportunity in the current environment.
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Mahindra & Mahindra divests 7.5% stake in Mahindra Holidays for Rs274 crore Mahindra & Mahindra has executed the sale at an average gross price of Rs412.05 per share
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Canara Bank sells 13.45%stake in housing finance arm to Caladium Investment Canara Bank sold the stake to Singapore-based Caladium Investment for Rs754 crore as a part of the monetisation process of its non-core assets
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Gold prices crash Rs400 to two-month low

livemint.com - 10 Mar 2017 11:45
Gold prices crash Rs400 to two-month low In Delhi, gold of 99.9% and 99.5% purity tumbled by Rs 400 each to Rs 28,850 and Rs 28,700 per 10 grams, the lowest since 7 January
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Oil's Slide Should Grease Stock Picking

Wall Street Journal - 10 Mar 2017 11:07
Japan is a massive oil importer. Don't assume that means cheaper oil will give growth or equities a big boost.
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Global gold prices fall below key $1,200 level ahead of US jobs data Spot gold prices were down 0.2% at $1,197.90 per ounce at 9.40am, after touching $1,197.02 earlier in the session, the weakest since 31 January
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