Apple is no bellwether for the market
It’s the biggest stock in the world, but don’t call it a bellwether. Apple is worth more than any company in history, at more than $750 billion.
Blog
Deflation? Oil's 45 pct rebound could be markets' next headache
Whisper it, but the next challenge for financial markets and policymakers may not be deflation, but the remarkable surge in oil prices from the six-year low touched in January. Since then, Brent crude futures have risen 45 percent. These measures have ranged from interest rate cuts to bond-buying “quantitative easing” programmes. All have been in response to the fall in inflation rates and inflation expectations driven by the 60 percent
What’s really driving stocks to record highs
While all the focus has been on technology stocks, the real catalyst for all this is what’s happening with the U.S. dollar.
Mylan says Teva offer too low and stock 'unacceptable'
Mylan, which is pursuing its own takeover of Perrigo Co Plc, had been expected to reject the offer after having indicated that such a combination would not be a good fit. Wall Street analysts had said Mylan might be looking for $90 to $95 per share and an increased cash component. Coury said in the letter, which described Teva’s culture as “dysfunctional,” that Teva’s stock was an unacceptable currency because
Clinton Foundation admits missteps in donor disclosure
The acting chief executive of the Clinton Foundation is acknowledging the global philanthropy made mistakes in how it disclosed its donors amid growing scrutiny as Hillary Rodham Clinton opens her presidential …
'Real room to run' for Nasdaq: Analyst
Stocks soared to record highs with the Nasdaq closing last week at all-time highs. And according to one trader, the rally is just getting started.
Oil bears routed by spring thaw in prices
Speculators pulled bearish oil bets at the fastest pace on record as Saudi Arabia renewed strikes on Yemen and U.S. output slowed. Hedge funds reduced their short position in West Texas Intermediate crude …
Corinthian Colleges to shut down all 28 remaining campuses
Corinthian Colleges will shut down all of its remaining 28 ground campuses, displacing about 16,000 students, less than two weeks after the U.S. Department of Education announced it was fining the for-profit …
Deutsche Bank CEO eyes 'smaller, leaner' operation
Deutsche Bank announced a major overhaul in an effort to deliver savings Monday, which would cost a one-off $4 billion to achieve.
Your Prayers Have Been Answered by the Orange Is the New Black Season 3 Poster
Orange Is the New Black season three is just months away! Can you feel the Crazy Eyes closing in on you? To celebrate the June 12 release, Netflix has released the season three poster featuring…