After a long drought, bear market funds attract buyers After a long drought, bear market funds attract buyers: Bearish stock investors are slowly coming out of hibernation, as money has begun to move into funds that aim to profit when markets dive. U.S. mutual funds that attempt to profit in […]
U.S. jobless claims rise; labor market still tightening U.S. jobless claims rise; labor market still tightening: The number of Americans filing for unemployment benefits unexpectedly rose last week, but the underlying trend remained consistent with a tightening labor market. Initial claims for state unemployment benefits increased 3,000 to a seasonally […]
News Corp revenue misses on weak demand for print advertising News Corp revenue misses on weak demand for print advertising: News Corp (NWSA.O) on Thursday reported fourth-quarter revenue that missed estimates as the owner of the Wall Street Journal grapples with a declining demand for advertising in the print industry. […]
North Korea talk drags stocks lower; gold, yen rise North Korea talk drags stocks lower; gold, yen rise: Stocks around the world fell sharply on Thursday and investors moved into the yen, gold and other safe-haven assets amid more aggressive talk between the United States and North Korea. The S&P […]
Stocks, dollar extend slide as U.S., North Korea tensions intensify Stocks, dollar extend slide as U.S., North Korea tensions intensify: Asian equity markets extended a global slide on Friday as tensions ramped up between the United States and North Korea, sending investors fleeing to less risky assets such the yen, […]
Shorting the short Investors bet against Icahn’s oil refiner after biofuel trade Shorting the short Investors bet against Icahn’s oil refiner after biofuel trade: Investors have built up a large short position in investor Carl Icahn’s oil refining company, CVR Energy (CVI.N), in the past three months, according to Reuters […]
Hedge fund Pine River loses $2 billion in 12 months to July Hedge fund Pine River loses $2 billion in 12 months to July: Hedge fund firm Pine River Capital Management’s flagship fund has lost about 68 percent of its assets in the 12 months to July, according to data […]
Disney pays at least $177 million to settle ‘pink slime’ case Disney pays at least $177 million to settle ‘pink slime’ case: Walt Disney Co paid $177 million, in addition to insurance recoveries, to settle the closely watched “pink slime” defamation case against its ABC network by Beef Products Inc., […]
Twenty-First Century Fox revenue misses, profit tops estimates Twenty-First Century Fox revenue misses, profit tops estimates: Rupert Murdoch-controlled Twenty-First Century Fox Inc’s quarterly profit edged past analysts’ estimates, but revenue fell just short of expectations, hurt by the lack of box office hits from its movie studio. The media company, […]
Oil slides as output rises at Libya’s largest oil field Oil slides as output rises at Libya’s largest oil field: Oil prices fell as much as 2 percent on Monday on selling triggered by a rebound in production from Libya’s largest oil field, along with worries about higher output from […]
