In a scary market, what exactly do investors fear?
When volatility spikes, it’s usually because of a complex clustering of fears. Here are a few at play now.
MONEY (MSM)
Greek bailout review in October to pave way for debt talks
International creditors expect the first review of Greek reforms under the latest bailout to start in October, bringing changes to a memorandum of understanding signed with Athens and paving the way for debt rescheduling talks, euro zone officials said. Euro zone finance ministers will discuss preparations for Greek reforms envisaged by the third bailout, worth 86 billion euros ($96.8 billion), at an informal meeting in Luxembourg on Saturday. “There are
U.S. economy just starting to tap into big source of dry powder
Going back to the 1940s, the U.S. central bank has never embarked upon a tightening phase with housing having so much room to run to the upside.
U.S. jobless claims drop; imported inflation remains weak
The U.S. labor market appeared to gain momentum in early September as fewer Americans filed for weekly unemployment benefits, but weak inflation pressures may complicate the Federal Reserve’s decision whether to raise interest rates. Initial claims for state unemployment benefits dropped 6,000 to a seasonally adjusted 275,000 for the week ended Sept. 5, the Labor Department said on Thursday. It was the 27th straight week that claims remained below the
China says Apple unit underpaid $71 million in tax in 2013
A China unit of U.S. tech giant Apple Inc (AAPL.O) underpaid taxes in 2013 by 452 million yuan (46 million pounds), according to a report from the country’s finance ministry, which comes as China toughens its stance on tax payments by foreign firms. The Ministry of Finance (MOF) report, dated Sept. 9 but cited by official news agency Xinhua on Thursday, said Apple Computer Trading (Shanghai) Co Ltd had already
Nasdaq CEO boasted of gaining top tech IPO, then lost it to NYSE
Nasdaq Chief Executive Robert Greifeld said in July he was delighted to have snared one of the hottest technology IPOs of the year. According to a source familiar with the matter, Greifeld angered Pure Storage’s top executives when he prematurely announced that the company was going to list, and that the mandate had gone to Nasdaq. Greifeld made the announcement on Nasdaq’s second quarter earnings call.
Interest rate rise: turning point looms for US debt binge
With the prospect of steadily higher interest rates and a $4 trillion mountain of debt maturing over the next five years, corporate America’s reliance on cheap cash is about to get tested.
The crazy stocks that correlate with Apple
In the past year, stocks such as Illinois Tool Works and Honeywell have the highest correlation to Apple stock, surprising compared to big tech names.
Yahoo and the IRS, Apple's big event and McDonald's goes cage free
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.
Record high U.S. job openings point to skills shortage
Job openings, a measure of labor demand, increased 430,000 to a seasonally adjusted 5.8 million, the Labor Department said in its monthly Job Openings and Labor Turnover Survey on Wednesday. “The data now signal unambiguously that the labor market is unable to supply the people companies need. Usually, that means wages will accelerate, though the evidence for that now is mixed,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics