Market Archive

U.S. stocks poised to pull back as caution sets in ahead of Fed speakers

U.S. stocks were poised for a cautious open on Thursday, ahead of a round of appearances by Federal Reserve officials and important energy-supply data that could set the direction for investors. Against a backdrop of mostly weaker global markets, Dow Jones Industrial Average futures YMZ5, -0.06% slipped 34 points to 17,621. Those for the S&P [&hellip

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Former VW CEO quits as Audi chair as emission-scandal probes continue

Image credit: wbur.org Former Volkswagen Chief Executive Martin Winterkorn has stepped down as chairman of luxury brand Audi amid an investigation of two emissions scandals that occurred during his reign at Europe’s largest carmaker. Winterkorn quit his post at Audi on Wednesday, a spokesman at the Ingolstadt-based carmaker said on Thursday, after resigning as chief executive [&hellip

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The 19 most successful CEOs in Europe right now, according to the Harvard Business Review

The Harvard Business Review recently launched its yearly ranking of the world’s best-performing CEOs. The ranking is created by looking at three key financial variables: the change in market capitalisation a CEO has overseen, the country-adjusted total shareholder return, and the industry-adjusted total shareholder return. HBR also measured what it calls ESG, or the environmental, [&hellip

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Blackstone to take minority stake in NCR Corp -source

Photo credit: Bloomberg Blackstone Group LP has agreed to invest more than $800 million in NCR Corp that will give it the equivalent of more than a 15 percent stake in the automated teller machines maker, a source familiar with the matter said on Wednesday. Duluth, Georgia-based NCR plans to announce details of the deal [&hellip

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Apple’s stock sinks on concern about slowing growth

Shares of Apple Inc. sank 3.2% on Tuesday after Credit Suisse lowered its earnings estimates on the iPhone maker. And Doug Kass, president of money manager Seabreeze Partners Management, reminded investors that Apple AAPL, -3.15% is facing slowing earnings and revenue growth in an article in which he said he’s maintaining his short position, wagering [&hellip

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There’s one thing that everyone is getting wrong about the war between Walmart and Amazon

A lot of people are betting against Walmart right now. The retailer’s stock price recently suffered its biggest one-day drop in 25 years after executives warned that annual growth over the next three years would range between 3% and 4% and profit would decline by up to 12% in 2017. Shares have dropped by more [&hellip

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Oil prices rise, but China trade data casts a shadow

Source photo Oil prices edged up marginally in early Asia trade Monday as data indicate China’s appetite for crude oil remains strong, but the sharp drop in overall imports is fuelling worries that slowing demand by the world’s second-biggest economy is unlikely to reverse anytime soon. On Sunday, China’s General Administration of Customs said in [&hellip

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General Motors’ stock has 40 percent return potential: Barron’s

Source photo Shares in General Motors Co could return as much a 40 percent, including a 5 percent dividend yield, a year from now when investors start to focus on 2017 per share earnings of $6, according to financial weekly Barron’s on Sunday. Barron’s says GM’s stock should be up “far more” year-to-date than the [&hellip

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World’s biggest shipping company: Global economic growth is even worse than it looks

The CEO of the biggest shipping company on earth is pretty much as exposed to global growth as anyone gets, and he’s got a worrying message for the world. In an interview with Bloomberg, Moeller-Maersk CEO Nils Smedegaard Andersen suggested that consensus forecasts for global growth are still too strong, despite already being trimmed from [&hellip

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Goldman Sachs is ditching its BRIC fund

Fourteen years after coining a term that came to define emerging-market investing, Goldman Sachs has ditched the BRICs. The firm is merging its BRIC fund — which invests in Brazil, Russia, India, and China — with a broader emerging-markets fund, according to a September SEC filing first reported by Bloomberg. “Over last decade emerging market [&hellip

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