Oscar Williams-Grut
Jun. 8, 2015, 9:35 AM
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REUTERS/Murad SezerTurkish President Recep Tayyip Erdoğan cast his ballot at a polling station during the parliamentary election in Istanbul on Sunday.Turkey’s stock market is tumbling and the lira is down over 5% against the dollar Monday morning after President Recep Tayyip Erdoğan suffered a huge setback in the country’s elections.Erdoğan’s AKP has suffered its first […]
Big outflows from U.S. stocks
What do April’s major mutual fund and ETF outflows tell us? Andrew Burkly of Oppenheimer and Boris Schlossberg of BK Asset Management discuss with Brian Sullivan.
Many investors appeared to ditch American stock funds in April, in the biggest exodus since the financial crisis. But far from taking that as a bad sign, some investors view the […]
Twitter’s stock dropped $8bn in a single day, all thanks to a tweet.Investors were rattled by the early disclosure of unexpectedly low revenues, exposed before the close of trading by Selerity, a service that scours the web looking for investment information.”We inadvertently released an early version of [Twitter’s] earnings,” Nasdaq admitted to the BBC. “We are investigating the root cause.”Normally, […]
Google FinanceShares of Aerie Pharmaceuticals erased more than two-thirds of their value in a few minutes late on Thursday.The stock closed nearly 2% higher at $35.39 per share, giving the company a market value of $850 million. Then shortly after the end of trading, the company announced that Rhopressa, an experimental eye drop, failed a late-stage test.In after-hours trading, shares crashed by more […]
Google FinanceShares of Aerie Pharmaceuticals erased more than two-thirds of their value in a few minutes late on Thursday.The stock closed nearly 2% higher at $35.39 per share, giving the company a market value of $850 million. Then shortly after the end of trading, the company announced that Rhopressa, an experimental eye drop, failed a late-stage test.In after-hours trading, shares crashed by more […]
* Energy shares lower on dollar strength, oversupply concern* Guess posts strong quarterly earnings, shares rally* Indexes: Dow off 0.6 pct, S&P off 0.5 pct, Nasdaq up 0.2 pct (Updates prices, changes comment, byline)By Rodrigo CamposNEW YORK, March 19 (Reuters) – U.S. stocks fell on Thursday as a stronger dollar weighed on oil and other commodity prices, with energy and […]
Just as the BIS has grown concerned at “the markets’ buoyancy hinges on central banks’ every word and deed.,” the following two charts show, perhaps more worryingly and more clearly that any others just how bipolar (and short-fuse schizophrenic) the world’s equity markets have become…Sentiment has been totally crazy.. swinging from utterly dysphoric to complacently euphoric and back to ‘brink […]
OK, listen up – it’s time to “buy the dip.”I’m talking about the biotech dip that just happened. Here’s the deal:A leading biotech company just issued some news that spooked some jittery investors. The stock took a dive, taking the entire sector down a peg or two.But this is just a temporary blip, and it’s handing you a golden chance […]
In other news, a Food and Drug Administration advisory panel will meet Wednesday to decide whether to recommend approval for a biosimilar drug, which represents a potentially cheaper alternative to Amgen Inc. ’s Neupogen. If it gains agency approval, this drug would be the first biosimilar to get the FDA’s OK and it could mark the beginning of a new […]
The financial media is playing the “when will oil bottom?” game to help fill the 24-hour news cycle—but that’s not going to make you money.So, today I have a trade that will…Sure, crude just took a breather to plug the leaks. It even jumped a couple of bucks. But when all was said and done yesterday, oil landed right back […]
