A court won’t reconsider the decision from a three-judge panel that threw out a $1.27 billion fine related to mortgage fraud for Bank of America (BAC). Christina Rexrode, The Wall Street Journal. Reuters A hedge fund startup that’s using funding from Chinese heavyweights to snap up U.S. government debt. Miles Weiss, Bloomberg. A look at […]
After the results of the Brexit referendum, many EU governments and officials went out of their way to emphasize that the vote did not herald the end of the European Union and could even make it stronger.
After the United Kingdom voted to leave the European Union in June, Europe and much of the world is facing significant economic uncertainty. This has led some investors to increasingly shift to relatively safer instruments such as government bonds...Show More Summary
With two and a half months to go until the presidential election, Republican nominee Donald Trump doesn’t seem to be getting as much cash as many expected from the hedge fund industry so far. As CNBC’s Kate Kelly reports, filings with...Show More Summary
China's Bank of Tangshan called "mirage" of shadow lending; Trump getting little love from hedge funds; No one wants to buy Lyft; KFC introduces fried chicken-scented sunscreen; and more.
Wednesday, August 24th, marks a five-year anniversary of late Apple (AAPL) co-founder and CEO Steve Jobs resigning as head of the company and handing the reins to Tim Cook. Hence, the media today has been abuzz with assessments of Cook’s anniversary. Show More Summary
SAC Capital Advisors founder Steven A. Cohen has seen plenty of his former devotees start their own shops, although not all have been able to claim success. Take Folger Hill Asset Management, founded by SAC alum Solomon Kumin in 2014. As Reuters reports, redemptions and losses have shaved nearly a third off the firm’s assets from their peak last year.
Or at least just reevaluate his relationships with Herbalife and Valeant.
Monetary Policy in a Low R-star World John C. Williams FRBSF Economic Letter 2016-23 | August 15, 2016 Central banks and governments around the world must be able to adapt policy to changing economic circumstances. The time has...Show More Summary
Today I'd like to dust off one of our favorite strategies for dealing with a pullback: getting paid to buy stocks at a discount. If you've followed along with StreetAuthority Daily for a
Evening Headlines Bloomberg: East Asia’s Foreign Ministers Hold Talks Amid Regional Tensions. The foreign ministers of Japan, China and South Korea will have plenty to discuss when they sit Wednesday morning in Tokyo for their first formal talks in five years. Show More Summary
gmi: 6 gmi-2: 6 t2108: 67 No tags for this post.
Good news comes out at the top? Add the late summer cheese (never short a dull market) to the Jackson Hole baloney coming at the end of the week and traders are in a pickle. The Breadth Oscillator is more neutral than directional. NYSE stocks above the MA50 keep on keeping on. Show More Summary
Forbes loses a clear, insightful voice amidst the market noise, columnist Bonnie Baha
Shares of fitness tracking pioneer Fitbit (FIT) are up 18 cents, or 1.2%, at $15.06, after the U.S. International Trade Commission this evening issued an initial determination from an administrative law judge finding that the company did not misappropriate any trade secrets from competitor Jawbone, which is privately held. Jawbone had brought suit against Fitbit […]
Payments processing pioneer Square (SQ) Tuesday rose by 57 cents, or almost 5%, to close at $12.39, after Stifel Nicolaus’s Scott Devitt raised his rating on the company to Buy from Hold, with a $15 price target, writing that he’s "become...Show More Summary
Shares of cloud computing applications vendor Workday (WDAY) today rose 71 cents, or 0.9%, to $79.95, after Oppenheimer & Co.’s Brian Schwartz today reiterated an Outperform rating, and a $90 price target, writing that he thinks the commune’s “fundamentals remained solid in F2Q,” the fiscal Q2 that ended in July, which the company is expected to report […]
Shares of security technology vendor Palo Alto Networks (PANW) today rose $4.57, or 3.3%, to close at $142.11, after Nomura’s Frederick Grieb reiterated a Buy rating, and a $200 price target, writing that it is “one of the strongest share gainers in its market and continues to benefit from greater awareness of cyber threats,” and that […]
Ali Rashid is no longer a member of Team Apollo.
Shares of personal and business finance software maker Intuit (INTU) are down $4.33, or almost 4%, at $109.51, after the company this afternoon reported fiscal Q4 revenue that topped analysts’ expectations, and a surprise profit per share, and but forecast revenue and profit below consensus this quarter. Revenue in the three months ended in July […]