Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
Stock investors are more interested in how the world's biggest crude exporter is handling its finances with oil below $50 a barrel than the daily rise and fall of the commodity's price, Shiv Prakash, a senior research analyst at NBAD Securities LLC, said in an e-mailed note this week. The Tadawul All Share Index has declined about 10 percent this year as the kingdom, which may cancel more than $20 billion of projects, seeks to boost non-oil revenue and cut spending, while oil prices jumped almost 30 percent.
It turns out some wealthy companies are just like some wealthy hedge fund managers: They're taxed at far lower rates than nearly everyone else. Whether or not Apple used illegal breaks to pay virtually no taxes in Europe over 11 years, as regulators there contend and the company denies, the order last week that it pay billions in back taxes highlights a worrisome divide among the world's biggest corporations: Some pay relatively little taxes, others a lot.
Job growth slowed in August, and traders hope that will convince the Federal Reserve to wait before raising interest rates. Stocks started the day with big gains following the Labor Department's job report.
U.S. stocks rose Friday as investors found some positive aspects in a middling employment report. Job growth slowed in August, and traders hope that will convince the Federal Reserve to wait before raising interest rates.
DTN'S MARKETVISION ONLINE TOOL FORECASTS FIELD YIELD, PROFIT POTENTIAL Aug. 31, 2016 Source: DTN/ The Progressive Farmer news release Have you ever held out from making a grain sale, thinking the market might give you another nickel, only to watch the market head the other direction instead? DTN MarketVision, powered by FarmLink, is designed to help farmers resist that temptation. Launched in January, the online tool combines local price information with individual field-by-field yield potential to provide selling opportunity indicators and production-related decision measures.
Hong Kong stocks rose as Industrial & Commercial Bank of China Ltd. and Bank of China Ltd. gained before releasing earnings. China Southern Airlines Co.
The Democratic presidential nominee's influence was on display again Wednesday, when she sent Mylan NV's shares plummeting as much as much as 6.2 percent within minutes of calling for the company to drop prices of its EpiPen emergency allergy shot. It marked the third time over the past year that Clinton's comments roiled drug stocks.
The start of a central bankers' meeting in the mountains of Wyoming, which could clarify the path of U.S. interest rate policy, kept most investors from making big bets on Thursday. Federal Reserve Chair Janet Yellen will deliver the keynote speech on Friday, when she may struggle to convince financial markets she can steer a divided U.S. central bank to raise interest rates at least once in 2016 after it started the year with four hikes on its radar.
Watch Interview With Kansas City Fed President Esther George on Mornings with Maria on Fox Business at 7:30 ET Just about a year after Democratic presidential nominee sent biotechnology stocks and exchange traded funds tumbling with rhetoric aimed at high drug prices, one would think that any healthcare company and its executives opting to raise prices on devices, pharmaceuticals and treatments by hundreds of a percent is just asking for trouble. Well, Mylan NV can now be a case study in bungling executive leadership after revealing steep price increases for its EpiPen used to treat patients with severe allergic reactions.
Do you remember where you were the morning of August 24, 2015 - when the Dow dropped nearly 1,100 points shortly after the opening bell? I was at JFK getting ready for my annual late summer trip to see the in-laws in Nashville. I was relieved to not be in the office but also bummed that I was missing out on a huge breaking story.
It is always a pleasure for me to collaborate with Seeking Alpha Editor extraordinaire, Robyn Conti . Robyn emailed me recently when the news of another dividend cut by Potash hit the tape.
Asian stocks climbed as energy producers advanced after oil entered a bull market and Japanese shares advanced as the yen stabilized after breaching 100 against the dollar. The MSCI Asia Pacific Index rose 0.2 percent to 139.59 as of 9:04 a.m. in Tokyo, paring its decline for the week to 0.3 percent.
An eerie calm has washed over Wall Street in recent weeks, especially compared with the wild bouts of turbulence that rocked the markets earlier this year. The closely-watched VIX volatility index recently slipped below 11.4, touching its lowest level in more than two years.
Aug 9 Britain's FTSE 100 index is seen opening up 9 to 11 points higher on Tuesday, or up as much as 0.16 percent, according to financial spreadbetters, with futures marginally up ahead of the cash market open. * The UK blue chip index closed 15.6 points higher on Monday at 6809.13 points to touch its highest level in more than 13 months on the back of gains in mining stocks and Barclays, which was boosted by an upgrade.
The most-read Bloomberg News reports from the past week are listed below. The rankings are based on daily statistics through Aug. 6. Goldman Employees to Pull $350 Million From Och-Ziff Fund -- Goldman Sachs Group Inc.'s retirement plan is pulling cash from one of the investment bank's most famous alumni, liquidating a hedge fund run by Daniel Och's Och-Ziff Capital Management Group.
The latest display of strength in the U.S. labor market is breathing new life into the dollar divergence trade. A broad measure of the greenback extended a rebound from its weakest level since June after Friday's report on July job growth trounced forecasts and bolstered bets that the Federal Reserve will raise interest rates this year.
Hedge fund manager Dan Loeb's corporate credit portfolio returned 15 percent in the second quarter, helped by a bet on high-yield bonds. "Performance was largely driven by positive returns from performing credit investments in the energy sector," Loeb said Friday in a conference call discussing results at Third Point Reinsurance Ltd., the Bermuda-based company that counts on him to oversee investments.
Two years after a white policeman fatally shot a 22-year-old black man in an Ohio Wal-Mart who was carrying an air rifle that he had picked up from a store shelf, the U.S. Department of Justice has yet to conclude... Two years after a white policeman fatally shot a 22-year-old black man in an Ohio Wal-Mart who was carrying an air rifle that he had picked up from a store shelf, the U.S. Department of Justice has yet to conclude its... Investigators are trying to determine what caused a house to explode in Connecticut, injuring seven people, including four children, and sending debris flying.
Fitzpatrick, a former FBI agent accused of lying during his testimony in the tri... . FILE - This file June 23, 2011, booking photo provided by the U.S. Marshals Service shows James "Whitey" Bulger.