Greek contagion risks may be higher than you think
A perception in financial markets that Greece exiting the euro zone would have limited knock-on effects is misguided, some analysts say.
Hedge fund that made 18% on dollar strength now bets on drop
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 lifted by U.S. production decline
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,
UK trader accused of 'flash crash' role opposes extradition to U.S
A British futures trader accused by U.S. authorities of an illegal role in the Wall Street “flash crash” that briefly wiped out nearly $1 trillion in market value five years ago, told a London court on Wednesday he opposed being extradited to the United States. The U.S. Justice Department said on Tuesday it had criminally charged Navinder Singh Sarao, 36, of west London, with wire fraud, commodities fraud and manipulation.
Facebook, McDonald's and Google ready reports, China developer defaults
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.
Horses vs. unicorns: Public companies at big disadvantage to hot startups
After an IPO, companies in fast-growing industries find it tough to compete with flush private competitors with huge valuations.
Global stocks may not be the bargain they appear
American stocks currently look expensive. But those who attempt to find value by tapping into Europe and Japan may be getting an even worse deal.
Bove: The Fed won't dare hike rates this year
Expectations that the Fed will raise rates in September or even June are off the mark, says top bank analyst Dick Bove.
Hewlett-Packard to Sell Snapfish Operation to District Photo
Hewlett-Packard Co. said it would sell its Snapfish photo-sharing site to District Photo, part of the computer maker’s plan to refocus operations as it splits in two. Snapfish works with retailers to help consumers store, share and print photos online. District Photo, which is based in Beltsville, Maryland, handles digital printing for business and other customers. Meg Whitman, Hewlett-Packard’s chief executive officer, told shareholders last month that the Palo Alto,
Facebook, Google bulls getting reason to run?
This week, 19 information technology companies from the S&P 500 will release results. Two of the most closely watched this earnings season will be Facebook and Google.
