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Yahoo Finance’s Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
MONEY (MSM)
Puerto Rico slides deeper into the fiscal abyss
Puerto Rico’s debt crisis is deepening after the commonwealth defaulted for the first time. Here’s what you need to know.
Puerto Rico slides deeper into the fiscal abyss
Puerto Rico’s debt crisis is deepening after the commonwealth defaulted for the first time. Here’s what you need to know.
Strategist makes a case for 20% stock drop risk
When the Fed hikes interest rates for the first time since 2006, here’s why stocks could suffer a major decline, strategist Komal Sri-Kumar says.
Strategist makes a case for 20% stock drop risk
When the Fed hikes interest rates for the first time since 2006, here’s why stocks could suffer a major decline, strategist Komal Sri-Kumar says.
Einhorn faults unfavorable market conditions for worst month since '08
Hedge fund manager David Einhorn affirmed his approach after July losses tied to Consol Energy Inc., SunEdison Inc. and gold fueled his worst monthly performance since 2008. “The overall market environment has become acutely unfavorable for our investment strategy,” Einhorn said Tuesday in a conference call discussing results at Greenlight Capital Re Ltd., the reinsurer where he is chairman. Einhorn said the investment portfolio dropped about 5.9 percent in July
Einhorn faults unfavorable market conditions for worst month since '08
Hedge fund manager David Einhorn affirmed his approach after July losses tied to Consol Energy Inc., SunEdison Inc. and gold fueled his worst monthly performance since 2008. “The overall market environment has become acutely unfavorable for our investment strategy,” Einhorn said Tuesday in a conference call discussing results at Greenlight Capital Re Ltd., the reinsurer where he is chairman. Einhorn said the investment portfolio dropped about 5.9 percent in July
Crude collapse pressures Big Oil's fat dividends
The fat yield premium on bellwether energy stocks reflects the market’s assessment that they are under increasing pressure to maintain their cash payouts.
Crude collapse pressures of Big Oil's fat dividends
The fat yield premium on bellwether energy stocks reflects the market’s assessment that they are under increasing pressure to maintain their cash payouts.
Freddie Mac posts $4.2B profit in 2Q; paying $3.9B dividend
Mortgage giant Freddie Mac reported net income of $4.2 billion for the second quarter, up sharply from the same period of 2014, as it increased its purchases of home loans and sold off greater volumes …