Markets The Federal Reserve is in the spotlight with the central bank due to release minutes from its meeting in September this afternoon. The text will be closely analyzed to see how close the three dissenting Fed members from the … Continue reading
Markets Equity markets are looking to shift their focus back to corporate results, with Alcoa (NYSE:AA) kicking off the third-quarter earnings season before today’s opening bell. Earnings could move the bar for stocks more than anything else, especially because of … Continue reading
Markets Happy Columbus Day! Traders looking to take a day off for the federal holiday will be disappointed to find out that the stock markets will remain open. While investors will have to keep their eyes on their portfolios, the … Continue reading
Markets The pound took a dive overnight, tanking as much as 9%, as traders scrambled to assess the cause of the heavy selling. Possible reasons? A fat finger, an error, a low liquidity sell-off, algorithmic trading, fears of a “hard … Continue reading
Markets With Twitter sale news coming fast and furious, Re/code reports that Alphabet (GOOG, GOOGL) isn’t planning to make an offer, and Apple (NASDAQ:AAPL) and Disney (NYSE:DIS) are unlikely as well. That may leave the driver’s seat open for Salesforce.com … Continue reading
Markets U.K. Prime Minister Theresa May said she’s not worried about the pound’s recent fall to a 31-year low against the dollar, although the prospect of a hard Brexit is spooking investors and sent sterling down to $1.2685 overnight. The … Continue reading
Markets Oil prices are down in early trading after reports of increased production out of Libya and Iran cut into some of the enthusiasm over the OPEC deal from last week. The market is also anxious over tomorrow’s read on … Continue reading
Markets Crude prices that were lower during Asian trading hours turned back up later, as markets continued to digest reports last week of an OPEC production cut. The cartel informally agreed to reduce production to 32.5M barrels/day, but such agreements … Continue reading
Markets Deutsche Bank -4% in Frankfurt, as worrying headlines continue to surface and traders fear contagion due to its position at the heart of world finance. A report yesterday suggested a number of hedge funds were cutting back their exposure … Continue reading
Markets The world’s biggest oil producers have agreed to cap output for the first time since the financial crisis. After hours of talks in Algiers, OPEC members committed to lowering production to between 32.5M-33M barrels a day, marking a drop … Continue reading