Financial Markets

Crude Oil Prices Rise as Optimism Persists

Investing.com - Crude oil prices rose on Friday, recovering from the previous session's sharp losses as optimism over the tightening of the market …

Oil

Trump Claimed He Sold All His Stocks Before the 1987 Market Crash. He Was Lying.

On October 19, 1987, the Dow Jones Industrial Average lost just over 22 percent of its value, dropping 503 points on the day that would become known …

Donald Trump

Most of the US stock market rally in 2017 is 'earnings driven': Pro

Alger CEO and CIO Dan Chung gives his thoughts about the current state of valuations in the U.S., with comment on how the region is performing …

Markets

Markets: Dollar picks up on renewed tax cut hopes; Kiwi and sterling stung

What you need to know:<p>Dollar and Treasury yields gain as US Senate passes budget blueprint<br>• European stocks open higher on a weaker euro<br>• Oil prices see …

Economy

Gold Prices Drop on Stronger U.S. Dollar

Investing.com - Gold prices dropped on Friday, as the U.S. dollar strengthened amid fresh hopes for a major tax overhaul in the near future.<p>Comex …

Economy

I Love The Smell Of 'Chaos' At 3:30 In The Morning

Let me take you on a quick tour of what happened overnight on Thursday.<p>Long story short, things went "wrong" right around the European open.<p>And …

Business

Qudian’s New York IPO underlines appetite for China’s fintech

Qudian, one of China’s largest online lenders, had a debut to remember on the New York Stock Exchange this week. Its shares closed up 22 per cent, …

FinTech

End of an era as Hong Kong stock trading floor set to close

HONG KONG (AP) — Hong Kong's last remaining stock market floor traders are taking their final orders as the exchange prepares to shut its trading hall, joining other world exchanges in going fully automated.<p>The bourse's operator, Hong Kong Exchanges & Clearing, says it will close the trading hall …

Business

Have we seen this story before? Black Monday 30 years later

How long can this nirvana last for investors?<p>The stock market keeps ticking methodically higher into record territory, and the Dow Jones industrial average closed above 23,000 for the first time on Wednesday. It’s been nearly 16 months since S&P 500 index funds had a pullback of even 5 percent over …

Economy

A Stock Market Panic Like 1987 Could Happen Again

Oct. 19, 1987, was one of the worst days in stock market history. Thirty years later, it would be comforting to believe it couldn’t happen again.<p>Yet that’s true only in the narrowest sense: Regulatory and technological change has made an exact repeat of that terrible day impossible. We are still at …

Business

Here's Why Apple Shares Are Falling Today

Apple‘s shares fell 1.5% in premarket trading on Thursday as brokers and traders speculated over poor demand and cuts in production of iPhone 8, …

IPhone X

European Stocks Gain on Solid Earnings, Senate Budget Agreement

European stocks posted solid early gains Friday as global markets reacted to the Senate passage of a budget blueprint that could lead to $1.5 …

Business

Japan’s securities watchdog prepares Toshiba probe

Japan’s securities regulator will launch an investigation into Toshiba’s financial reporting practices just days before a critical showdown with …

Stock Markets

Betterment, the investing startup that's attracting $12 million a day, is now valued at $1 billion in private market trading

• <b>Betterment, the largest independent roboadviser with $11 billion under management,</b> <b>provides algorithm-based online and mobile financial advice.</b>• <b><br>It raised $70 million in a funding round in July led by Swedish investor Kinnevik, giving it an $800 million valuation.</b>• <b><br>According to a list of investment</b> …

Business

SpaceX to retry satellite launch after explosion

The companies have come to an agreement, according to Israeli satellite operator Spacecom, which told the Tel Aviv stock exchange it would be …

UK News

Asian shares rise as investors await Japan vote, Fed choice

HONG KONG (AP) — Asian shares pushed higher on investor optimism over the global outlook despite uncertainties over the outcome of political events in China and Japan and speculation over Trump's choice for the next Fed chief.<p>KEEPING SCORE: Japan's benchmark Nikkei 225 crept less than 0.1 percent …

Markets

The NYSE Market Close... Is It A Marketing Stunt? Should It Be Illegal?

Lately, the NYSE touts their human floor traders’ informed judgment in placing orders at the market close.<p>Floor traders have a monopoly -- a …

Trading

Hang Seng regains ground as Asia equities climb

Asia equities were broadly firmer on Friday as Hong Kong stocks attempted a recovery from a sharp sell-off in the previous session on comments from …

Markets

Daimler profits down

2017-10-20T06:55:34.000Z<p>By: Siona Jenkins<p>Daimler profits down. FT <i>Opening Quote</i> is your early Square Mile briefing. You can sign up for the full …

Markets

How Sustainable Is the Dow’s Meteoric Rise?

| By John Jagerson and Wade Hansen, Editors, SlingShot Trader<p>The <b>Dow Jones Industrial Average</b> has been on a bullish tear (climbing above 23,000) since …

Stocks

Crude or condensate? The dilemma over Nigeria's oil-cut exemption

LONDON (Reuters) - When OPEC agreed to exempt Nigeria from its oil production-restraint deal last year, it knew the country faced a huge challenge in …

Oil

What Black Monday, the Worst One-Day Stock Plunge in History, Would Look Like Today

It was 30 years ago today.<p>Thirty years ago today, the stock market suffered its worst one-day plunge ever. The Dow Jones industrial average fell 508 …

Investing

Black Monday: Can a 1987-style stock market crash happen again?

Trading

Cenovus to sell Palliser assets for $1.3 billion to pay down debt

(Reuters) - Canadian oil and gas producer Cenovus Energy (CVE.TO) (CVE.N) said on Thursday it will sell its Palliser crude oil and natural gas assets in southeastern Alberta to Torxen Energy and Schlumberger Ltd (SLB.N) for C$1.3 billion ($1.04 billion) to lower its debt load.<p>The company has been …

Oil

Investors Are Coming Off the Sidelines

Confidence in this year’s rally continues to build, with the amount of cash kept on the sidelines by investors falling to the lowest point in more than two years. For those looking for reasons to be wary, that should be a red flag.<p>Fund managers have cut cash holdings to 4.7% of their portfolios in …

Business

Fin24.com | Why threats to the PIC concern all South Africans

If the stories doing the rounds about the Public Investment Corporation are true, this could be a concern for all South Africans and not just …

News (South Africa)

Trump’s Richest Donors Are Missing Out on the Stock Rally

Donald Trump regularly applauds the stock market, posting on Twitter this week that the Dow Jones Industrial Average surpassed 23,000 for the first …

Dow Jones Industrial Average

Tanzania: Acacia Shares Up At London Stock Exchange After Deal with Govt

President John Magufuli greets the Barrick Gold Corporation Executive Chairman, Prof John Thornton.<p>Dar es Salaam — Soon after striking an agreement …

London Stock Exchange

Technology companies lead early slide in US stocks; oil down

Technology companies led a slide in U.S. stocks early Thursday as the market pulled back from its latest record highs. Cruise lines, fast-food restaurants and other consumer-focused companies also declined. Phone company stocks notched gains. Investors were poring over a batch of company earnings. …

Markets

Why Are These 6 Dow Stocks Fairly Valued?: Part 4 Of 5

The Dow Jones Industrial Average is at an all-time high, but here are six that are fairly valued.<p>Pfizer Inc. (PFE), JPMorgan Chase & Company (JPM), …

Stocks