Gold and silver bars are seen at the Kazakhstan’s National Bank vault in Almaty, Kazakhstan, September 30, 2016. REUTERS/Mariya Gordeyeva/File Photo By Apeksha Nair (Reuters) – Gold was mostly unchanged early on Thursday as the dollar held firm on strong U.S. services sector growth, with markets awaiting the key U.S. non-farm payrolls report on Friday. […]
Shares of Western Digital (WDC) continued to feel the pain from Toshiba’s (6502.JP/TOSYY) $17.8 billion deal to sell its flash memory chip business to a consortium led by Bain Capital that includes rival Seagate Technology (STX). Shares of Western Digital (WDC) continued to feel the pain from Toshiba’s (6502.JP/TOSYY) $17.8 billion deal to sell its flash memory chip business to […]
Here’s one simple lesson to be learned from the initial public offerings of Facebook (FB), Alibaba (BABA), Snap (SNAP) and Square (SQ): Big-buzz IPOs don’t always live up to the hype – at least not at first. Buying a stock right when it has an IPO is a high-risk proposition, regardless of how convincing the hype may seem. Facebook, Alibaba, Snap and Square […]
general motors (GM headquarters in Detroit.Bill Pugliano/Getty Images) • Morgan Stanley continues to press for GM to spin off aspects of its business. • GM has a bad history with spinoffs. • GM owns its current strategy and doesn’t need to follow Wall Street’s lead. At some point in the past five years, Wall Street […]
(Another win for Jamie Dimon and JPMorgan Chase.Reuters) JPMorgan Chase dominates Wall Street investment banking. It’s also the largest US bank by assets and market capitalization. Now, it can add top US bank by deposits to the mantle. For the first time in 23 years, JPMorgan leads US banks in total deposits, according to data released […]
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 8, 2017. REUTERS/Brendan McDermid By Sruthi Shankar (Reuters) – The S&P and the Dow were set to open at record highs on Monday as appetite for riskier assets improved on easing tensions on the Korean peninsula and […]
Move to sell assets from its balance sheet is a turning point for monetary policy The Federal Reserve is set to take a leap into the unknown this week by beginning to sell some of the roughly $3.7 trillion of bonds and mortgage securities it amassed during the financial crisis. The Fed will meet on […]
Scrapped Flights Risk Reviving Ryanair’s Bad-Boy Image Ryanair Holdings Plc risks reviving its reputation for slack customer service with a move to scrap hundreds of flights through the end of October because of poor planning amid aggressive expansion. The cancellations could leave hundreds of thousands of passengers in the lurch, undermining efforts by Europe’s biggest discount airline to improve […]
North Korea’s latest missile test over Japan has shaken, but not stirred, global equity markets. European stocks are expected to open modestly lower Friday as global markets react to another missile launch from North Korea over Japan just days after the United Nations agreed tougher sanctions on Pyongyang. Benchmarks in Europe are expected to drift […]
Per a Business Insider report, Snap Inc.’s SNAP messaging application, Snapchat is being used for recruiting “next generation bankers” from 19 U.S. universities by leading global financial services firm Morgan Stanley MS. The investment bank was also the lead underwriter of Snapchat’s parent company when it went public on Mar 2, 2017. Moreover, a geofilter has also […]
If there is anyone out there who doesn’t need affirmation from Wall Street analysts, it’s the 87-year-old investing icon Warren Buffett . But JPMorgan gave it to the “Oracle of Omaha” anyway Thursday, initiating coverage on Berkshire Hathaway (BRK-A), the conglomerate he’s run for five decades, with an overweight rating. Despite Berkshire being the sixth-largest […]
Oil traded near a five-week high after the International Energy Agency and OPEC boosted their forecasts for crude demand. Futures were steady in New York after rising 3.8 percent in the previous three sessions. Global demand will climb this year by the most since 2015, the IEA said Wednesday. OPEC on Tuesday raised estimates for the amount […]
