Markets

Analyzing Ether: A Bitcoin Investor's Skeptical Take

<i>'P4man' is an active bitcoin miner and investor with an academic background in economy and IT. He has been a member of the online discussion forum</i> …

Market Cap

Goldman Sachs' new online lending business has already hit a $1 billion milestone

Goldman Sachs launched Marcus, an online lending business for customers seeking loans of $30,000 or less, in October 2016.<p>It was a departure from what Goldman Sachs is best known for, namely, wealth management, trading, and investment banking.<p>And the business has already hit a $1 billion milestone, …

Business

The 9 GOP senators who will decide the fate of the Republican healthcare bill

The GOP healthcare bill faces an uncertain future in the Senate after its introduction this week.<p>Even though Senate Majority Leader Mitch McConnell wants to vote on the Better Care Reconciliation Act (BCRA) by the end of next week, many Republican senators have not embraced the bill with open …

U.S. Congress

Nintendo's Market Capitalisation Overtakes Sony's Following Switch Success

The ongoing success of the Switch has seen Nintendo's market capitalisation hit 5.44 trillion yen ($48.9 billion), which sees the Kyoto giant …

Nintendo

AMD, NVIDIA: Bitcoin Run Could Be Short Lived

Advanced Micro Devices Inc. (AMD) and NVIDIA Corp. (NVDA) shares have been surging as investors bet demand for its graphic chip cards used to mine …

Cryptocurrency

Even if the Senate healthcare bill passes, it's headed straight for a wall

The future of the Senate Republican leadership's healthcare bill, released on Thursday, is already in doubt as at least five Republican senators have come out in opposition of the legislation in its current form.<p>Even if Majority Leader Mitch McConnell successfully wrangles his members and gets the …

U.S. Congress

FTSE Russell CEO on Rebalancing, China Shares and Brexit

Mark Makepeace, FTSE Russell chief executive officer, discusses market volatility, the inclusion of Chinese stocks on MSCI's benchmark indexes and …

Business

Why Shares of Bed Bath Beyond Slumped Today

The retailer reported a drop in comparable sales along with higher expenses, a one-two punch that led to a steep earnings decline.<p>What happened<p>Shares …

Business

There’s a surprising new champion of the stock market

Don't look now, but there's some competition brewing atop the equity market standings.<p>US indices have been ruled by mega-cap technology companies and financial firms for much of the period since the presidential election in November. But after some bullish news last week, drug developers now look …

Business

Morgan Stanley: It Really Wasn’t That Bad. Really.

<b>Morgan Stanley</b> (MS) passed its stress test, but you wouldn't know it from the stock's performance today.<p>Shares of Morgan Stanley have dropped 1.8% to …

Morgan Stanley

Uber and Tesla are showing ominous signs that the era of auto disruption may be about to come to an abrupt end

<b>•Uber's CEO departed and Tesla's head of Autopilot left in the same week.</b><p><b>•The leading disruptors of the auto industry are experiencing severe challenges.</b><p><b>•Investors and tech enthusiasts have insisted that transportation is about to undergo profound change — but maybe that won't happen.</b><p>The …

Uber

SkyBridge Flagship Sees Jump in Client Redemptions

Investors pulled a net $1.6 billion from SkyBridge Multi-Adviser Hedge Fund Portfolios in the year ended March 31, according to a filing this month …

Business

BlackBerry shares fall 12% as rivals threaten its turnaround

BlackBerry shares fell as much as 12 percent after the company said its revenue fell short of analyst expectations. Revenue fell 43 percent to $244 million, the company said, below Wall Street’s consensus estimate of $264 million.<p>Despite the revenue decline, BlackBerry managed to post a net profit …

Business

What's News: Business & Finance -- WSJ

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the US print edition of The Wall Street Journal (June 24, 2017).<p>Uber's senior managers have been urging its more than 15,000 employees to stick around and see how the firm reinvents itself …

S&P 500

Gold adds gain on global cues, jewellers' buying

<b>New Delhi:</b> Rising for the second straight session, gold prices went up further by Rs 35 to Rs 29,225 per 10 grams at the bullion market today in …

Business (India)

Stocks Are Ignoring Oil's Bear Market - Bloomberg

The bear market in crude in many ways resembles its more severe predecessors from 2014 and 2016: oil prices plummeting, non-U.S. producers …

Oil

The End of the Innocence? Dow Ends Week Higher as Health Care Rises, Energy Crumbles

The major indexes rose this week as health care rallied and energy tumbled.<p>The <b>S&P 500</b> advanced 0.2% this week after rising 0.2% to 2438.30 today, …

Stocks

Are All of Sears Vendors Getting Ready to Run?

The troubled retailer is tamping down more fires from its suppliers, but more may spring up.<p>As the financial condition of <b>Sears Holdings</b> (NASDAQ:SHLD) …

Investing

U.S. Stocks Notch Weekly Gains

The S&P 500 rose Friday and posted a second straight week of gains, as a rise in health-care stocks offset a drop in energy shares in recent sessions.<p>Though the S&P 500’s health-care sector slipped Friday, it notched its biggest weekly rise since the presidential election.<p>Shares of pharmaceutical …

S&P 500

Sears to close more stores amid retail industry tumult

Struggling department-store retailer Sears on Friday said it will shutter another 20 stores – including 18 Sears stores and two Kmart locations – by mid-September, as it continues to respond to an industry-wide shift in consumer shopping habits that’s hitting traditional retailers particularly hard.<p>…

Business

How Markets Are Performing on the Anniversary of Brexit

Bloomberg's Paul Dobson and Matt Campbell report on the performance of financial markets a year after Britain voted to leave the European Union. They …

Business

S&P 500 Weekly Update: New Market Highs As The Earnings Driven Bull Market Continues

Rising interest rates and the flattening yield curve are added to the "worry" list. We are not yet at a point of concern.<p>S&P 500 marked 24 record …

Trading

Wall Street ends higher on tech, energy

US stocks have ended higher after a last-minute trading spike and a technology sector gain offset weakness in financial stocks and sent the Nasdaq …

S&P 500

Why Blackberry Shares Just Dropped 11%

Shares of Blackberry have had a tremendous year, jumping 61% through Thursday's close. The former smartphone king's transition into a mobile security …

BlackBerry

CIBC looks to generate quarter of earnings from U.S.

Bank currently makes 5% of its profits in the United States<p>CIBC closed its acquisition of Chicago-based PrivateBancorp on Friday, securing its …

United States

Wal-Mart Said to Steer Clear of Making Rival Bid for Whole Foods - Bloomberg

Amazon.com Inc.’s path to acquiring Whole Foods Market Inc. looks clear.<p>Wal-Mart Stores Inc., one of the few retailers with the resources to mount a …

Business

Marijuana Price Rises 2% to $1,578 a Pound

For the week ended Friday, June 23, 2017, the spot price index for a pound of cannabis rose 2.3% to $1,578. According to the analysts at Cannabis …

Cannabis

Oracle's Quarter: Taken At The Flood

Oracle reported the results of its fiscal Q4 and 2017 fiscal year the other evening.<p>The quarter showed significant beats in terms of revenues. …

Stocks

Caterpillar: Past the Point of Maximum Optimism?

Shares of <b>Caterpillar</b> (CAT) have surged 32% during the past 12 months on optimism around global economic strength. But has it come too far too</b> …

Caterpillars

Why BlackBerry, Sysco, and bluebird bio Slumped Today

These stocks dropped on a quiet day on Wall Street. Find out why.<p>The stock market didn't make very many big moves on Friday, closing another week of …

Stocks