So much happening in the market, so little time. The Business Media Fiddles While the Nasdaq Burns “The combination of central bankers’ unprecedented largesse (and liquidity) when combined with mindless quant strategies and the enormous popularity of ETFs will, as night follows day, become a toxic cocktail for the equity markets.” –Kass Diary, My Market […]
Getty Images By Tae Kim Tech stocks are getting pummeled, but that didn’t stop a prominent Wall Street strategist from raising his price target for the S&P 500 Monday. The five biggest technology stocks lost nearly $100 billion in market value Friday, which caused the Nasdaq composite to post its worst week of the year. […]
Simon Dawson | Bloomberg | Getty Images The European Union flag is displayed on stage during the launch of the Liberal Democrats’ manifesto in London, U.K., on Wednesday, May 17, 2017. With the result of the U.K. General Election showing a hung parliament, analysts are contemplating what it means for Brexit negotiations, with Prime Minister […]
Former FBI director gives damaging testimony about dealings with U.S. president Former FBI director James Comey accused the Trump administration Thursday of spreading “lies, plain and simple” about him and the FBI in the aftermath of his abrupt firing in dramatic testimony that threatened to undermine Donald Trump’s presidency. As he opened his much-anticipated first public […]
Support For Donald Trump’s Impeachment Is Now Higher Than His Approval Rating More Virtually every single poll tracking President Donald Trump’s approval rating showed the figure plummeting Monday morning, well below the margin of error compared to the rising level of support for impeachment. The results follow Trump’s controversial decision to withdraw the United States from the Paris […]
(Reality Leigh Winner Screenshot via Twitter) The 25-year-old federal contractor who was arrested on suspicion of leaking top-secret intelligence to a news outlet has reportedly confessed to an agent, The New York Times reported on […]
Toronto-based Wave, a Canadian financial technology (fintech) firm that offers financial management software to small businesses, has received $32 million CAD ($23.8 million) in capital from investors including the Royal Bank of Canada (RBC), Exhibition Capital and National Australia Bank (NAB). Related: Is This The End Of Banking As We Know It? Other investors in […]
People stand in front of the LANXESS headquarter in Cologne, western Germany, on October 2, 2014. Lanxess is one of the leading chemical companies worldwide. AFP PHOTO / PATRIK STOLLARZ (Photo credit should read PATRIK STOLLARZ/AFP/Getty Images) Warren Buffett and Ken Griffin’s firms have taken opposing bets on a German chemical company. Berkshire Hathaway Inc.’s […]
That’s been the logic employed by tech stock bears who have thrown in the towel on short positions over the last year. And the buying volume that results from what’s commonly referred to as a “short squeeze” has been a crucial driver of tech gains during the period. What’s more, active managers have actually slightly […]
In today’s “Futures in Focus,” Todd Horwitz, chief strategist at Bubba Trading, and Bloomberg’s Vonnie Quinn examine the impact of OPEC and the U.S. dollar on the oil market. They speak on “Bloomberg Markets.” Don’t Miss: Bullfrog Gold Raises $816,000 Of Equity To Advance Its Nevada Gold Project Is This Tiny Gold Mining Company […]
The bulls are trying to catch their breath after the stock market’s string of records. Stocks started the week mixed as investors weigh a fresh batch of economic data after the Memorial Day weekend. Meanwhile, oil prices are lower on concerns that production cuts will not be enough to reduce the global supply glut. Yahoo […]
The U.S. Federal Aviation Administration on Tuesday proposed fining United Airlines (UAL) $435,000 for operating 23 flights in 2014 using a Boeing (BA) 787 that the government claims was not in a condition to fly, according to Reuters. The FAA alleged that in June 2014, United mechanics replaced a fuel pump pressure switch on the […]
