Zuckerberg nixes new Facebook share class after shareholder lawsuit Zuckerberg nixes new Facebook share class after shareholder lawsuit: Facebook Inc Chairman Mark Zuckerberg abandoned plans on Friday to create a new class of company stock with no voting power, which was meant to be a way for Zuckerberg to retain […]
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Summer rumblings could herald a stormy fall for U.S. stocks Summer rumblings could herald a stormy fall for U.S. stocks: The Trump-fed rally in stocks, lately showing signs of faltering as the long Wall Street summer nears its end, faces a key test in the weeks ahead with the approach […]
Investors sell stocks, dollar on fears Trump agenda is foundering Investors sell stocks, dollar on fears Trump agenda is foundering: Asian stock investors joined a global retreat from riskier assets on Friday and the dollar wavered on growing doubts about U.S. President Donald Trump’s ability to fulfill his economic agenda. […]
Fed policymakers grow more worried about weak inflation Fed policymakers grow more worried about weak inflation: Federal Reserve policymakers appeared increasingly wary about recent weak inflation and some called for halting interest rate hikes until it was clear the trend was transitory, according to the minutes of the U.S. central […]
Asian shares bounce after losses, dollar sags on weak U.S. CPI Asian shares bounce after losses, dollar sags on weak U.S. CPI: Asian stocks bounced on Monday after three losing sessions, tracking a firmer Wall Street, while the dollar was weighed down by tensions on the Korean peninsula and weak […]
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 […]
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 […]
Strong U.S. jobs report bolsters case for further Fed tightening Strong U.S. jobs report bolsters case for further Fed tightening: U.S. employers hired more workers than expected in July and raised their wages, signs of labor market tightness that likely clears the way for the Federal Reserve to announce a […]
Stocks slip as Wall Street eases, dovish BoE hits sterling Stocks slip as Wall Street eases, dovish BoE hits sterling: A gauge of world stocks declined as Wall Street dipped on Thursday, although European shares rallied, while sterling hit a nine-month low against the euro after the Bank of England’s […]
Asian shares pull back after U.S. techs knocked off highs Asian shares pull back after U.S. techs knocked off highs: Asian stock markets sagged on Friday after U.S. tech shares retreated from recent rallies, though optimism about U.S. corporate earnings and the global economy underpinned overall sentiment. MSCI’s broadest index […]
