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, …
NYSEAsian 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 …
NYSEWall 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 …
BusinessNew 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 …
NYSEAfter-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 …
NYSETechnology 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 …
NYSENew 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 …
NYSEU.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 …
NYSEPandora 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 …
NYSENYSE 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 …
NYSESprint 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, …
NYSEWall 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. …
MarketsBiggest 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 …
MarketsArt 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 …
NYSEMarkets 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 …
BusinessThis 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 …
NYSEThe 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 …
NYSEBlackberry 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 …
StocksThe 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 …
NYSEDollar 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 …
NYSECarmaker 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 …
NYSEWall 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 …
NYSESnapchat 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 …
NYSEU.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, …
NYSEGrenfell 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 …
NYSEDoes 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 …
NYSEInvestors 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 …
NYSEAn 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 …
StocksCharter, 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 …
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