Global equities climbed in thin trading, while oil headed for the longest winning streak in almost seven years. The yen weakened for a second day.
Category: Financial Markets
U.S. accuses Chinese citizens of hacking law firms, insider trading
Three Chinese citizens have been criminally charged in the United States with trading on confidential corporate information obtained by hacking into networks and servers of law firms working on mergers, U.S. prosecutors said on Tuesday. Iat Hong of Macau, Bo Zheng of Changsha, China, and Chin Hung of Macau were charged in an indictment filed in Manhattan federal court with conspiracy, insider trading, wire fraud and computer intrusion.
China bank calls documents ‘fake’ after bond default on Alibaba-linked platform
BEIJING: The fate of a defaulted US$45 million Chinese corporate bond sold through an Alibaba-backed online wealth management platform was thrown into doubt on Monday, after a bank said letters of guarantee for the bonds were counterfeit. China Guangfa Bank Co Ltd said guarantee documents, official seals and personal seals presented by the insurer of the bonds “are all fake” and that it has reported the matter to the police.
Asian Stocks Drop to 1-Month Low; Japan Down in Thin Trading
Most Asian equities fell; Japan shares dropped as the yen gained against the dollar, while Indian stocks slid to a one-month low. China indexes rebounded from earlier losses on a day when many global markets are shut for a holiday.
Apple Seen Offering iPhone 7S, iPhone 8
Apple could offer two classes of new smartphones in 2017: a premium handset with an OLED display and more traditional models with LCD screens. The latest news leak from Apple ‘s Asian supply chain points to the company offering two classes of new smartphones in 2017: a premium handset with an OLED display and more traditional models with LCD screens .
Morgan Stanley Says Don’t Believe Hype Over Trump and Le Pen
Trumponomics may promise more than it delivers, says Morgan Stanley, while investors steering clear of Europe may find it delivering more than it promises. The dollar’s surge to 14-year highs against the euro, while the S&P 500 Index scales new records, shows traders are underestimating the risk that Donald Trump will adopt more protectionist policies if U.S. economic growth fails to live up to his campaign pledges, according to Morgan Stanley’s head of cross-asset strategy Andrew Sheets.
A Quick Look at What’s in Store for U.K. Stock Markets in 2017
While the FTSE 100 Index is among the developed world’s top performers in 2016, its showing relative to Europe has been less impressive since investors turned bullish on global growth. About a third of the gauge is composed of health care and consumer staples, which are typically deemed more immune to economic cycles.
Europe Stocks’ Rally Dims as Banks Drop; Oil Gains: Markets Wrap
European stocks faltered after reaching the highest level in almost a year, as banks dragged indexes lower. Oil extended its advance and the dollar weakened against major peers.
Disappearing 1,500% IPO Gain Causes Concern on Hong Kong Bourse
Hong Kong’s Growth Enterprise Market has seen a string of the world’s best stock debuts this year. It’s also been home to some of the biggest plunges, wiping out gains and raising questions about how the exchange operates.
European Stocks Little Changed in Thin Trading as Banks Decline
European stocks were little changed, after two straight weeks of gains, as investors kicked off the last full week of trading of the year. The Stoxx Europe 600 Index fell 0.1 percent at the close.
Is National HealthCare Corporation (NHC) A Good Stock To Buy?
The successful funds run by legendary investors such as Dan Loeb and David Tepper make hundreds of millions of dollars for themselves and their investors by spending enormous resources doing research on small cap stocks that big investment banks don’t follow. Because of their pay structures, they have strong incentive to do the research necessary to beat the market.
Could Yirendai Be a Millionaire Maker Stock?
The Chinese P2P lending market is a perilous place, but it could also generate huge returns over the next few years. 10 stocks we like better than Yirendai When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
S&P 500 Slips on China Tension as Financial Rally Takes Pause
U.S. stocks slid as a report that China’s navy seized a U.S. drone in international waters in the South China Sea spurred geopolitical concern and financial companies dropped for the third day this week. The S&P 500 fell 0.2 percent to 2,258.07 by 4 p.m. in New York.
Witlingo Launching the Motley Fool on Google Home
Witlingo, a McLean, VA based startup focused on building products and solutions for delivering highly usable far field voice conversations today announced that it is working with the Motley Fool to launch a Google Home stock market information Act. Customers will be able to ask Google Home for quotes on major indexes and individual stocks, as well as create and manage stock watchlists by just speaking to their devices.
Why Verint Systems Inc. Shares Are on the Decline Today
Verint Systems, which offers communication analyzing software and other cyber intelligence services, has seen its profit declining at a fairly drastic rate. The $0.13 loss this quarter follows a $0.12-per-share profit in Q3 2015.