Wall Street

Investors Have Lost Sight of the Purpose of Indexes

Index providers are not in the business of arbitrating disputes about transparency in China, U.S. corporate governance or Venezuelan politics.<p>The construction of financial market indexes has never been a very hot topic, but now:<p>MSCI adds some China A shares to its benchmark emerging-market index, …

NYSE

Asian shares rally on Wall St rebound as confidence rises

HONG KONG (AP) — Asian shares rallied Thursday following Wall Street's rebound as investors regained confidence in the global economic outlook.<p>KEEPING SCORE: Japan's benchmark Nikkei 225 index rose 0.6 percent to 20,242.63 and South Korea's Kospi advanced 0.7 percent to 2,399.41. Hong Kong's Hang …

NYSE

Wall St higher as banks, consumer stocks rise

Wall Street was higher in late morning trading on Wednesday as financial and consumer stocks led a broad rally among the major sectors.<p>Bank stock reflected a rise in treasury yields, following a Reuters report that the market had overinterpreted chief Mario Draghi's comments that the ECB was ready …

Business

New U.S. Global Investors Gold Miners ETF Enters Smart Beta Space

U.S. Global Investors rolled out an intelligent, smart beta exchange traded fund on Wednesday that has a focus on the quality gold miners segment. As part of the launch, U.S. Global Investors CEO and Chief Investment Officer Frank Holmes will ring the bell at the New York Stock Exchange on Thursday …

NYSE

After-hours buzz: C, SPLS, PIR & more

<i>Check out which companies are making headlines after the bell</i>:<p>Financial stocks were among the heaviest movers after hours as the Federal Reserve …

NYSE

Technology companies fall sharply, leading US indexes lower

Technology stocks led a broad slide in U.S. stocks Tuesday after a day of mostly choppy trading.<p>Phone and utilities companies were among the big decliners after a sell-off in bonds sent yields sharply higher. Banks bucked the broader market decline amid heightened expectations of rising interest …

NYSE

New Market Regulations Will Make Things Worse For China

If there is one thing to understand about financial markets, it’s that government interference frequently makes things worse than they would otherwise be.<p>A case in point is China, which over the past couple of months has placed increasing regulations on how its stock markets operate. The sad fact …

NYSE

U.S. stock market executives tell lawmakers about conflicts in broker rebates

NEW YORK (Reuters) - Some of the biggest players in the U.S. equities market went to Capitol Hill on Tuesday to update lawmakers on issues that impact stock trading, including potential conflicts of interest arising from exchanges paying brokers for orders.<p>The hearing gave top executives from stock …

NYSE

Pandora CEO Tim Westergren departs

NEW YORK (AP) — The co-founder and CEO of Pandora, under intensifying competitive pressure from Spotify and Apple Music, has relinquished his position and will step down from the company board as well.<p>Westergren, who helped found the company 17 years ago, returned as CEO about 15 months ago with …

NYSE

NYSE President Calls Short Sellers ‘Icky’ - Bloomberg

The head of the New York Stock Exchange said short sellers should be forced to reveal more about what they’re doing.<p>“It feels kind of icky and …

NYSE

Sprint In Talks With Comcast And Charter Over Wireless Deal

Shares in Sprint rose this morning on the news that the wireless company is talking with Comcast and Charter Communications about a possible …

NYSE

`Untested' ETF Market Worries Top Speed Trader in U.S. Equities - Bloomberg

The growing market for exchange-traded funds hasn’t been fully put to the test, according to one of the top U.S. speed trading firms.<p>Ari Rubenstein, …

NYSE

Wall Street slides as Senate delays healthcare vote | Reuters

NEW YORK Stocks fell broadly on Wall Street on Tuesday, with indexes extending their declines after a delay in a healthcare bill vote in the U.S. …

Markets

Biggest Jump In a Month For Wall Street's 'fear Gauge' As Health Bill Is Delayed

A popular gauge of volatility, or fear, on Wall Street Tuesday surged by the most since mid-May as the stock market turned firmly lower in afternoon trade. The CBOE Volatility Index was up 12% at 11.07 and on pace to mark its largest daily jump since May 17, when it climbed more than 46%, according …

Markets

Art Cashin says we're 'in a bit of trouble' if tech stocks fail to rebound

Closely followed trader Art Cashin told CNBC on Tuesday that Wall Street could be "in a bit of trouble" if tech stocks fail to rebound soon.<p>"The …

NYSE

Markets Right Now: Stocks open slightly lower on Wall Street

The latest on developments in financial markets (All times local):<p>9:35 a.m.<p>Stocks are opening slightly lower on Wall Street, led by declines in phone and technology companies.<p>Verizon lost 1.8 percent early Tuesday, AT&T fell 1.1 percent and Microsoft slipped 0.8 percent.<p>Darden Restaurants rose 3 …

Business

This Time Really Is Different

Markets are constantly evolving based on our updated knowledge of the past.<p>Sir John Templeton wrote “16 Rules for Investment Success” in 1993. The following is by far the most quoted passage:<p>The investor who says, ‘This time is different,’ when in fact it’s virtually a repeat of an earlier …

NYSE

The Market in Nosedive

The market collapse of 2008 remains a vivid memory today, not least for investors who are still trying to recover. For Scott Nations, a Chicago-based financial engineer, it is but one of a series of meltdowns that have periodically shaken the country’s financial stability. In “A History of the …

NYSE

Blackberry Misses Street Revenue Estimates And Gets Taken To The Woodshed

Why did Blackberry sink post-earnings.<p>With Blackberry down after earnings, what should investors do?<p>Blackberry down on unrealistic …

Stocks

The Fed Is Wrong, Amazon Is Not Killing Inflation

After Amazon acquired Whole Foods (read here) for nearly $14 billion, Federal Reserve Bank of Chicago President Charles Evans said technology is disruptive and may be causing disinflation. Mr Evans implied that Amazon is killing inflation. I disagree with his conclusion because when you look at all …

NYSE

Dollar falls as ECB, BOE turn hawkish; banks lead stocks up

NEW YORK (Reuters) - The euro hit a one-year high against the U.S. dollar on Wednesday and the British pound rallied on bets that Europe's and Britain's central banks are preparing to scale back monetary stimulus, while bank stocks led a rebound on Wall Street.<p>The U.S. dollar index slid after Bank …

NYSE

Carmaker shares fall on gloomy outlook

Shares in Fiat Chrysler (NYSE:FCAU) and Ford (NYSE:F) are down about 1.5% premarket after General Motors (NYSE:GM) said it expected to fall short of …

NYSE

Wall St boosted by tech stocks, rebound in oil prices

U.S. stocks were higher in early trading on Monday, as technology stocks rose and oil prices climbed from last week's seven-month lows.<p>Apple's 1.1 percent rise was the biggest boost to all the three major indexes. The S&P tech index's 0.67 percent rise lead the gainers among the 11 major S&P 500 …

NYSE

Snapchat moves to allay privacy concerns over new Snap Map feature

Snapchat wants to allay privacy concerns over its new Snap Map feature.<p>Launched last week, Snap Map lets users share their location with friends on a map. “It’s easy to get started – just pinch to zoom out and view the Map!” it explained, in a blog post.<p>Snap Map, however, has sparked concerns over …

NYSE

U.K. Calls for Major Inquiry Into Cladding After Deadly Tower Fire

LONDON — The British government called on Tuesday for a major national investigation into cladding and insulation in high-rise buildings across the country, amid mounting concern after a fire at Grenfell Tower in London this month left at least 79 people dead.<p>Ninety-five buildings, in 32 areas, …

NYSE

Grenfell Tower cladding maker Arconic stops selling non fire-resistant version

Panels used on 24-storey Grenfell Tower weren't supposed to be used on tall buildings<p>The company that supplied the cladding used on London's Grenfell …

NYSE

Does Snapchat tell when you look at someones location on Snap Map?

Snap Map came to Snapchat’s users earlier this week and people had mixed reactions.<p>Snapchat updates their app to add a new layer to their photo …

NYSE

Investors betting trillions on ethically-appealing stocks may not be getting all they expect

BOSTON/NEW YORK (Reuters) - Investors betting trillions on ethically-appealing stocks may not be getting all they expect.<p>Buying into companies based on environmental, social and governance factors, has become a hot trend on Wall Street, spawning a new industry that sells investors company ratings …

NYSE

An in-depth look at whether dividend stocks are right for you

Many investors think that dividend stocks are only for stodgy portfolios or retirees. Whether you are a newbie or are on the brink of retiring, you get quarterly or annual income from stocks that pay dividends. You can also benefit from the potential for capital gains. In short, high-yielding …

Stocks

Charter, Comcast explore wireless partnership with Sprint: sources

(Reuters) - U.S. wireless carrier Sprint Corp is in talks with Charter Communications Inc and Comcast Corp about a partnership to boost the two U.S. cable companies' wireless offerings, according to sources familiar with the matter.<p>Sprint, controlled by Japan's SoftBank Group Corp, has entered into …

NYSE