Financial Markets

Pound hits five-week high as continued fallout from Trump's inauguration speech weakens dollar

• <b>Pound hits five-week high as dollar weakens</b>• <b><br>Continued fallout from Trump's inauguration speech weighs on dollar</b>• <b><br>European bourses open lower weighed down by bank stocks</b>• <b><br>Markets digest protectionist tone struck in Trump's inauguration speech</b>• <b><br>Hong Kong stocks rise on stronger resource stocks</b><p>8:42AM<p>European …

Commodities

Price of Silver in 2017: Why It Could Bounce Higher

The silver market performed reasonably well in 2016, with the price of the precious metal picking up more than $2 to close the year at $15.88 per ounce. That in turn helped boost the prospects for silver-tracking investments like the <b>iShares Silver Trust</b> (NYSEMKT: SLV). But as much as investors …

Commodities

This fund manager is finding profits in the wreckage of corporate Europe

U.S. stocks have gotten so expensive in this eight-year bull market that even value shares aren’t the bargain they usually are.<p>That’s why David Marcus, the CEO of Evermore Global Advisors in Summit, N.J., relishes finding companies going through a restructuring and those that “take advantage at …

Wall Street

The Dollar Still Appears to Be Carving Out a Bottom

<b>The US dollar turned in a mixed performance over the past week.</b> The technical indicators continue to support our expectation that after correcting …

Commodities

No end to Takata stock freefall

Shares of troubled Japanese airbag maker Takata have continued their downward slide as the company braces for a drawn-out bankruptcy restructuring. The firm is at the center of the auto industry's biggest recall.<p>Takata shares tumbled again on Monday, diving nearly 18 percent on the Tokyo Stock …

Stock Markets

Stocks, Dollar Fall on Trump Policy Jitters

Stocks slipped, the dollar dropped, and bonds strengthened to start the week as investors sought clarity on President Donald Trump’s fiscal and trade policies.<p>The Stoxx Europe 600 was down as much as 0.7% midmorning, trading in negative territory for the year as losses in bank shares offset gains …

Commodities

Gold rises to two-month high on Trump policy uncertainty, dollar drop

REUTERS - Gold prices rose on Monday to the highest in two months as investors sought safer assets amid uncertainty around the economic policies of new U.S. President Donald Trump and as the dollar declined against other major currencies.<p>Spot gold rose 0.7 percent, to $1,217.81 per ounce by 0303 …

Commodities

At a private lunch in Davos, Jamie Dimon was asked about the elephant in the room

DAVOS, SWITZERLAND — The main topic of conversation at the World Economic Forum last week was the fate of the world under the US Presidency of Donald J. Trump.<p>Views on this topic ranged from fear to greed.<p>At a private lunch on Thursday, a number of high-profile attendees were asked to share a few …

Wall Street

Sensex, Nifty rise as banks rally ahead of budget

REUTERS - Indian shares recovered on Monday as bargain hunting lifted recently-hit stocks, though sentiment remained cautious ahead of the union budget next week.<p>Asian indices were mixed after U.S. President Donald Trump declared his intention to withdraw from the Trans-Pacific Partnership, but did …

Stock Markets (India)

FTSE 100 lower as Paddy Power slides

<b>London's stock market opened lower with Paddy Power Betfair suffering after it said revenues had been affected by a run of "customer friendly" results.</b><p>The bookmarker said football results in December and Donald Trump's surprise US election win had cost it about £40m in the final quarter of …

FTSE 100

Markets Always Have a Way of Surprising Us – Is This That Year?

By Rick Kahler via Iris.xyz You know we are in a long-running bull market when you see people at the gym keeping one eye on their smart phones to see if the Dow Jones Industrial Average has finally breached the 20,000 mark. With so much uncertainty at this time last year, nobody could have …

Dow Jones Industrial Average

Trump could teach Pharma investors a hard lesson

“They’re getting away with murder,” said Donald Trump at last week’s epic news conference.<p>No, he didn’t mean Russian hackers. He was talking about red-blooded American drug companies.<p>Trump went on: “Pharma has a lot of lobbyists and a lot of power, and there is very little bidding. We’re the …

Wall Street

Alphabet Abandons Space Project -- Is SpaceX Next on Its List?

Well that was fast.<p>It was only one month ago that we learned Google parent company <b>Alphabet</b> (NASDAQ: GOOG) (NASDAQ: GOOGL) is sending up another batch of Earth-imaging "Terra Bella" satellites. The mission is slated to take place sometime in late 2017 -- but now, it turns out, by the time those …

Investing

FTSE 100 falls following Trump’s speech

Dollar sells off after new US president’s inauguration speech, helping lift sterling<p>UK stocks fell Monday, losing ground while the British pound …

FTSE 100

China's "Hedge Fund Brother No.1" sentenced to 5-1/2 years in prison - court

Xu Xiang, the Chinese hedge fund manager detained in the wake of the country's stock market crash in 2015, was sentenced on Monday to 5-1/2 years imprisonment for market manipulation.<p>Xu, general manager of Shanghai-based Zexi Investment, who earned nicknames like "Hedge Fund Brother No.1" and …

Wall Street

Pain Is Coming for Emerging Market Bonds - Bloomberg Gadfly

Forget trade wars, protectionism and all the tough talk coming from the Twitter account of President Donald Trump. It hasn't been this safe to own …

Commodities

Why Coinbase cofounder Fred Ehrsam is leaving

Five years after co-founding Coinbase, one of the most well-funded Bitcoin ventures, Fred Ehrsam has decided to leave the company.<p>The former Goldman Sachs trader revealed in a blog post Wednesday that he would resign from his day-to-day role at the company at end of the month. He plans to remain on …

Bitcoin

Warren Buffett's Advice for Investing During Trump's Presidency

"Never bet against America." That's what Warren Buffett recently told CNBC when he was asked about incoming President Donald Trump, and what his …

S&P 500

Sizable Equity Pullback Less Likely During Periods Of Strong Earnings

The return for many of the the equity indexes subsequent to the U.S. election has been stronger than many expected. However, most of the post …

Stocks

Investors hungry for UK buyout firms despite Brexit

UK-focused buyout funds enjoyed their second-best end of the year since 2006<p>UK-focused buyout funds enjoyed their second-best end of the year since …

Wall Street

How Markets Are Reacting to Trump's Inauguration

David Schawel, New River Investments portfolio manager, discusses investor reaction to President Donald Trump's inauguration with Bloomberg's Yousef …

Wall Street

Exclusive: Blackstone readies new Asia real estate fund of at least $5 billion: sources

HONG KONG (Reuters) - Blackstone Group LP (BX.N) is readying a new Asia-focused real estate fund that aims to raise a record $5 billion or more, betting on strong returns from property investments in the region, people familiar with the plans told Reuters.<p>The world's biggest alternative asset …

Wall Street

One Stat That Shows a Trump Bull Market Is Unlikely

After the stunning Obama bull market, it is no surprise that it will be tougher for stocks to register more big gains during the Trump years. The main reason is Barack Obama took office after the market had tanked and was cheap, but another important reason is what happened to corporate profits …

Wall Street

MLPs: Wait For It

MLPs and most everything were flattish this week, with the AMZ up 0.1%, although the equal weight Alerian MLP Index was better. Interest rates rose a …

NYSE

All eyes on earnings in President Trump’s first week on the job

If the “Trump Rally” is going to regain its legs now that Donald Trump is in the White House, corporate earnings will likely have to come up big this week.<p>After the sharp run-up in stocks following the election, the market ran out of steam in the month leading up to last Friday’s inauguration, with …

S&P 500

J.P. Morgan Joins Push for Nontransparent, Active ETFs

J.P. Morgan Chase & Co. is joining a long line of asset managers backing a new type of exchange-traded fund that mimics active strategies but keeps its investments secret.<p>The concept, designed by Precidian Investments, has so far been rejected by the U.S. Securities and Exchange Commission despite …

Wall Street

Wall Street Week Ahead: Optimism Among S&P 500 CEOs as Trump Takes Power

SAN FRANCISCO – U.S. President Donald Trump's administration is only hours old, but already a small parade of S&P 500 companies' chiefs have voiced optimism that his promised tax cuts, stimulus spending and deregulation will boost corporate profits.<p>In the days ahead of Friday's inauguration, senior …

Wall Street

Investment chiefs make Trumponomics play

Fund managers are banking on Donald Trump's policies to fuel markets during 2017<p>Steer clear of government bonds during 2017 – that was the …

Wall Street

Market Lulls As President Trump Takes Office

<i>It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect our dinner, but from their regard to their own interest.</i> …

Wall Street

'US Federal Reserve has raised interest rates '; Janet Yellen

With monetary policy still modestly accommodative, the U.S. central bank should continue to raise interest rates slowly or risk harm to the recovery …

Commodities