Posts From King World News
Norway’s Opera Software, a maker of internet browsers and mobile phone advertising solutions, currently sees positive market developments despite difficulties in Russia and a reorganization of its development teams, CEO Lars Boilesen said. “We have informed the market about the situation in Russia and said the economic situation there is not optimal. Opera’s share price has risen by about 40 percent to around 71 Norwegian crowns since hitting a 2015
The trade that George Soros and Stanley Druckenmiller pulled off in 1992 by betting against the British pound — and making $1 billion in the process — has gained legendary status. So Gross may well be right.
McDonald’s reported quarterly earnings that fell short of analysts’ expectations. “The results show it’s not going to be an overnight turnaround story,” says one analyst.
The National Association of Realtors said on Wednesday existing home sales increased 6.1 percent to an annual rate of 5.19 million units, the highest level since September 2013. “The stronger rebound in existing sales is extremely encouraging as it hints at a nascent rebound in economic activity over the coming weeks,” said Gennadiy Goldberg, an economist at TD Securities in New York. The U.S. housing index (.HGX) fell in line
Although there’s no fundamental cause for concern, history doesn’t bode well for long-term Apple shareholders.
Google Inc. is set to unveil its new U.S. wireless service as early as Wednesday, pushing the Internet giant further into telecom and injecting fresh uncertainty into a wireless industry already locked …
Concerns over a shortage of pork drove shares of Chipotle lower before the opening bell Wednesday. The Mexican food chain has been facing a shortage since January when it suspended a major supplier over …
A perception in financial markets that Greece exiting the euro zone would have limited knock-on effects is misguided, some analysts say.
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. He’s now betting the greenback will weaken against Asian currencies including Singapore’s dollar, South Korea’s won and India’s rupee, the founder of Singapore-based Charlie Chan Capital Partners said. Chan said his Splendid Asia Macro Fund has returned more
Oil prices rose on Wednesday after the U.S. government’s Energy Information Administration (EIA) reported a decline in U.S. production. Brent crude for June delivery (LCOc1) was up 66 cents at $62.74 a barrel by 1358 GMT, after touching an intraday low of $61.39. “It’s another decline in production and the market is certainly anxiously awaiting more of those, at least people who are on the long side,” said Dominick Chirichella,
