MAY 23rdUS STOCKS-Wall St ends lower after Yellen comments fail to inspire – Yellen comments leave rate expectations unchanged on Wall Street – Core inflation highest since January 2013 – Boeing falls after Bombardier jet report – Microsoft down after report of Salesforce deal talksU.S. stocks were generally lower Friday after hawkish remarks from Federal Reserve Chair Janet Yellen, who […]
HONG KONG (AP) — Most Asian stock indexes rose Friday, with China’s benchmark at its highest in seven years, after Wall Street eked out another record close.KEEPING SCORE: Japan’s Nikkei 225 index edged 0.1 percent lower to 20,172.15 and South Korea’s Kospi rose 0.5 percent to 2,134.11. Hong Kong’s Hang Seng advanced 1.2 percent to 27,863.25. The Shanghai Composite Index […]
In this challenging market, investors seem to be looking over their shoulders constantly for fear they will either be buying a top or missing the next rotation.But while it’s tempting to think that you need to be making big moves right now, churning your portfolio can result in much more pain than gain. So don’t rack up trading fees chasing […]
Tax scare on Yahoo’s Alibaba stake spin-off seen premature by BusinessInsider.com : Wednesday 05:30:11 CTCategories: markets, streamBy Supantha Mukherjee and Abhirup Roy(Reuters) – Yahoo Inc’s planned spin-off of its stake in Alibaba Group Holding Ltd is likely to proceed on a tax-free basis, analysts said, as Yahoo shares regained most of their losses after concerns of a possible change in […]
Vivek Ramaswamy
Just before Christmas last year, a newly formed Bermuda-based biotech run by former hedge fund partner Vivek Ramaswamy struck a deal to in-license a shelved Alzheimer’s drug from GlaxoSmithKline ($GSK) with plans to put it into Phase III. That late-stage study won’t start until the fourth quarter, but the newborn biotech isn’t waiting around at the starting line. The […]
Berkshire Hathaway chief executive Warren Buffett plays the ukulele in a video prior to the Berkshire Hathaway annual meeting in Omaha, Nebraska on Saturday. Photograph: Rick Wilking/Reuters
Warren Buffett has warned that stock prices will appear expensive if interest rates increase from their current ultra-low levels.“If we get back to normal interest rates, stocks at these prices will look high,” said […]
Konami today voluntarily delisted itself from the New York Stock Exchange, effective April 24.Konami first notified investors of plans to delist in November and filed the notice on April 1, according to SEC documents. In today’s filing, Konami notes that 99.71 percent of the trading of the company’s stock over the past year occurred in Japan and London.In the April […]
Netty Idayu Ismail of Bloomberg reports, Hedge Fund That Made 18% on Dollar Strength Now Bets on Drop:
Charlie Chan, a former Credit Suisse Group AG proprietary trader who now runs his own hedge fund, reduced bets the dollar will strengthen and added trades that would profit from a decline.Chan said he trimmed his fund’s long dollar position versus the yen […]
Gilead Sciences (NASDAQ: GILD) has enjoyed remarkable success in the past year thanks to the launch of two instant billion-dollar blockbuster hepatitis C therapies, however, even best-in-breed biotech stocks like Gilead Sciences still face risks that could leave investors in the lurch. Read on to learn which three risks concern me most, and how they could impact Gilead Sciences down […]
Every month, we review the latest BAML survey of global fund managers. Among the various ways of measuring investor sentiment, this is one of the better ones as the results reflect how managers are allocated in various asset classes. These managers oversee a combined $600b in assets.The data should be viewed mostly from a contrarian perspective; that is, when equities […]
