Finance

Wall Street banks bet on Federal Reserve increasing interest rates

Big banks aren’t giving up on a rate hike just yet, and their most recent comments reinforce that. Many Wall Street banks are pricing in expectations for an interest rate rise from the Federal Reserve, which would be a shot in the arm for their businesses. Economists see rising optimism from the Federal Open Market Committee, which could lead to ... Read More »

We’re at the halfway mark for earnings. Here’s the good news…

e’re at the halfway mark for earnings. More than half of the S&P 500has reported as of this morning. Here’s the good news: 1. Guidance for the second half of the year has been steady. Most companies that comment are reaffirming third quarter and full-year guidance. This is far and away the most important takeaway from earnings season so far ... Read More »

Marcato Capital takes stake in crane manufacturer Terex

Balint Porneczi | Bloomberg | Getty Images A Terex reach stacker transports a CMA CGM SA shipping container in the Med Europe Terminal at the Port of Marseille, France. Just days after announcing a substantial new position in the restaurant chain operator Buffalo Wild Wings, the hedge fund Marcato Capital Management plans to announce a new 5.1 percent position in ... Read More »

Japanese yen jumps against dollar after Bank of Japan decision disappoints

he safe-haven yen jumped against the dollar on Friday after the Bank of Japan’s monetary policy easing disappointed investors who had been hoping for more radical stimulus measures. The dollar last traded at 103.35 yen, down 1.8 per cent on the day. It initially rose to 105.75 yen right after the BOJ’s announcement but later tumbled to as low as ... Read More »

Manali Petrochemicals stock gains 9% on Tamil Nadu Pollution Control nod

ALSO READ: Here is why Dr Reddy’s shares tanked 13 per cent in two days “With the TNPCB nod, now the utilization of the plants is being restored to the earlier levels,” said the company in a filing to BSE. The company will declare its June quarter earnings on August 04, 2016 Shares of Manali Petrochemicals rallied nearly 9 per ... Read More »

Asian Paints shares hit record high after stellar June quarter results

Shares of Asian Paints jumped over 8 per cent to a record high in trade on Thursday after India’s largest paint maker reported an 18.46 per cent increase in consolidated net profit at Rs 552.56 crore in the June quarter. The stock hit an intraday high of Rs 1152.65, up 8.55 per cent, its biggest intraday percent gain since September ... Read More »

As IPO market improves, will Spotify be the next big name to go public?

NYSE president Tom Farley (R) celebrates with Japan’s Line Corp. CFO In Joon Hwang (2nd L) and Chief Global Officer Jungho Shin (middle) and Chief Strategy and Marketing Officer Jun Masuda (2nd R) during the company’s IPO on the floor of the New York Stock Exchange, July 14, 2016. AdvancePierre Food Holdings capped a good week for the IPO markets. ... Read More »

Here’s how to make money off of your breakfast

Corn and wheat prices are tumbling and commodity market experts say they could be set to fall even further. From a broad macroeconomic perspective, Britain’s vote to leave the European Union and its impact on the U.S. dollar created a “risk-off” attitude in the commodity market, according Chip Flory, editor and publisher of the Pro Farmer newsletter. Those economic conditions ... Read More »

Europe’s ‘next domino to fall’ is teetering: Strategist

Problems are piling up in Italy, sending Italian stocks sinking and creating fresh concerns about the future of the European Union. The ETF tracking the MSCI Italy index (EWI) has become one of the year’s worst-performing, losing about a quarter of its value in 2016. Unfortunately, Boris Schlossberg, managing director of FX strategy for BK Asset Management, doesn’t see an ... Read More »

Here’s what’s behind gold’s crazy post-jobs volatility

Gold had a hard time making up its mind about Friday’s jobs report. In the 20 minutes before the number came out, gold futures first rose about $10, before promptly giving up those gains. At the second before the number was released at 8:30 a.m. EDT, gold was sitting at $1,356.5 per troy ounce. On the initial news that the ... Read More »