Tag Archives: Wall Street
Today’s Dow is a lot different from just 20 years ago
by Paul R. La Monica With the Dow approaching (but still below) 20,000, I thought it might be fun to stroll down memory lane and look at just how much this venerable index (well, technically it’s average) of 30 stocks
How one Goldman Sachs trader made more than $100m
By Justin Baer, WSJ / 19 October 2016 One junk-bond trader at Goldman Sachs earned more than $100 million in trading profits for the firm earlier this year, an unusual gain at a time when new regulations have pushed Wall Street to
World Trade Set for Slowest Yearly Growth Since Global Financial Crisis
WTO cuts world trade growth forecast to 1.7% in 2016 By PAUL HANNON and WILLIAM MAULDIN Wall Street Journal Updated Sept. 27, 2016 5:16 p.m. ET World trade will this year grow at the slowest pace since the global
ADDRESSING THE UNCERTAINTY OF THE BREXIT VOTE
By now, most of us probably heard about UK voting to leave EU. There are many commentaries on this topic. One of the questions people are asking is this: Is there a chance that the UK could stay in the
IT’S 1995 AGAIN for Dollar Traders Bracing for Trade War Trouble.
Back in 1995, an international trade dispute between the U.S. and Japan helped drive a 25 percent plunge in the dollar versus the yen. Now, with Hillary Clinton and Donald Trump heading into the November presidential election pledging to reshape
DOW JUMPS 130 POINTS ON EASING BREXIT FEARS
Wall Street’s Brexit headache just got a dose of relief. Will it last? The Dow soared as many as 271 points on Monday before closing with a gain of 130 points. The advance was fueled by a series of
U.S. DOLLAR AWAKENS AHEAD OF YELLEN SPEECH
The strong dollar could be coming back very soon. After rallying last year, the dollar stumbled at the start of 2016. One key measure for the dollar, the ICE dollar futures index, fell on May 2 to its lowest point
WALL STREET SLUMPS AS DISNEY AND MACY’S SLAM CONSUMER SHARES
U.S. stocks dropped on Wednesday and the Dow Jones industrial average suffered its worst day since February as feeble quarterly reports from Walt Disney, Macy’s and Fossil undermined confidence across the consumer sector. The consumer discretionary index .SPLRCD fell 1.98
MARKET RALLY PAUSES AHEAD OF UNUSUALLY-HECTIC SUMMER
It’s been a rocky year for Wall Street – and the uncertainty surrounding the Federal Reserve’s path on interest rates and political uncertainty across the pond haven’t helped matters much. From the S&P 500’s February 11 intraday low, the index
YES, CHINA HAS WON BIG FROM U.S. TRADE
America’s middle class is deeply concerned about jobs, pay and their future, and many of them are blaming China. In the U.S., 43% of voters believe trade with other countries is a bad thing, according to the Pew Research Center.
STOCKS HAVEN’T BEEN THIS EXPENSIVE IN 7 YEARS.
Bargain-shopping for stocks is pretty tough these days. The good news is that the recent dramatic comeback on Wall Street has erased painful losses in your portfolio. The bad news is there are growing questions about how long the rally
STOCKS AT 2016 HIGHS AS OIL SURGES
Thursday the European Central Bank, better known as the ECB, said it was pushing its key deposit rate further into negative territory. It might seem far-fetched, but it actually makes sense – in theory. The Public Accounts Committee (PAC) said
ARE BILLIONAIRES MORE LIKELY TO BE GRADUATES?
Are billionaires good with exams as well as their finances? Or are they more likely to have escaped school at the first opportunity and worked their way up to make their fortunes? Are they likely to be graduates or to
BUTTONWOOD: LIQUID LEAK.
ECONOMISTS have been a bit puzzled by the market turmoil of early 2016. It seems to be driven, in part at least, by fears of either an American recession, or a sharp Chinese slowdown, neither of which looks likely from