Sterling finds support as U.K. PM seeks to prop up government Treasury yields steady as Fed meeting starts; gold slips U.S. stocks snapped a two-day slide to close at fresh records as technology shares rebounded from the worst drop of the year. The dollar weakened and Treasuries were steady...
So much happening in the market, so little time. The Business Media Fiddles While the Nasdaq Burns "The combination of central bankers' unprecedented largesse (and liquidity) when combined with mindless quant strategies and the enormous popularity of ETFs will, as night follows day, become a toxic cocktail for the equity markets." --Kass...
Getty Images By Tae Kim Tech stocks are getting pummeled, but that didn't stop a prominent Wall Street strategist from raising his price target for the S&P 500 Monday. The five biggest technology stocks lost nearly $100 billion in market value Friday, which caused the Nasdaq composite to post its worst week...
Simon Dawson | Bloomberg | Getty Images The European Union flag is displayed on stage during the launch of the Liberal Democrats' manifesto in London, U.K., on Wednesday, May 17, 2017. With the result of the U.K. General Election showing a hung parliament, analysts are contemplating what it means for Brexit...
Former FBI director gives damaging testimony about dealings with U.S. president Former FBI director James Comey accused the Trump administration Thursday of spreading "lies, plain and simple" about him and the FBI in the aftermath of his abrupt firing in dramatic testimony that threatened to undermine Donald Trump's presidency. As he opened...
Support For Donald Trump's Impeachment Is Now Higher Than His Approval Rating More Virtually every single poll tracking President Donald Trump's approval rating showed the figure plummeting Monday morning, well below the margin of error compared to the rising level of support for impeachment. The results follow Trump's controversial decision to withdraw the...
                                         (Reality Leigh Winner Screenshot via Twitter) The 25-year-old federal contractor who was arrested on suspicion of leaking top-secret intelligence to a news outlet has reportedly confessed to an agent,...
Toronto-based Wave, a Canadian financial technology (fintech) firm that offers financial management software to small businesses, has received $32 million CAD ($23.8 million) in capital from investors including the Royal Bank of Canada (RBC), Exhibition Capital and National Australia Bank (NAB). Related: Is This The End Of Banking As We...
People stand in front of the LANXESS headquarter in Cologne, western Germany, on October 2, 2014. Lanxess is one of the leading chemical companies worldwide. AFP PHOTO / PATRIK STOLLARZ (Photo credit should read PATRIK STOLLARZ/AFP/Getty Images) Warren Buffett and Ken Griffin’s firms have taken opposing bets on a German...
That's been the logic employed by tech stock bears who have thrown in the towel on short positions over the last year. And the buying volume that results from what's commonly referred to as a "short squeeze" has been a crucial driver of tech gains during the period. What's more,...
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