Siemens stock takes off on guidance upgrade, earnings beat
By John Revill ZURICH (Reuters) – Siemens shares surged on Thursday after the engineering company upped its full year sales and profit guidance and said …
Stock
Analysis-Rebounding yields could scuttle U.S. stock rally as Powell stays firm on rates
By Lewis Krauskopf NEW YORK (Reuters) – The fate of an early year rally in stocks may depend on whether equities can withstand a recent …
Citing ‘Outrageous’ Big Oil Profits, Biden Calls For Quadrupling Tax On ‘Corporate Stock Buybacks’
Citing ‘Outrageous’ Big Oil Profits, Biden Calls For Quadrupling Tax On ‘Corporate Stock Buybacks’ John Hugh DeMastri on February 7, 2023 President Joe Biden criticized …
Global hedge funds gain in January, but not as much as stock market, HFR says
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds posted a solid 2.8% gain in January, but they missed out on the stellar rally …
Factbox-U.S. stock buybacks so far in 2023: big money, fewer companies
NEW YORK (Reuters) – Corporate stock buybacks are offering investors a measure of excitement in what has been a gloomy earnings season. Chevron Corp late …
Individual Who Portrayed Himself as Experienced Stock Trader Sentenced to 30 Months’ Imprisonment for Defrauding Investor
Gonzalo Ortiz was sentenced yesterday in federal court in Brooklyn by United States District Judge William F. Kuntz II, to 30 months in prison for …
How Did One American Company’s Stock Skyrocket In A Single Day?
How Did One American Company’s Stock Skyrocket In A Single Day? John Hugh DeMastri on February 2, 2023 Meta stocks skyrocketed Thursday morning, on pace …
White House blasts Big Oil stock buybacks again as Chevron profits double
By Nandita Bose and Jarrett Renshaw WASHINGTON (Reuters) – The White House on Friday launched a fresh attack against U.S. oil companies, accusing them of …
S.Korea fines Citadel Securities for stock algorithm trading breaches
SEOUL (Reuters) – South Korea’s financial regulator has imposed a fine of 11.88 billion won ($9.66 million) on U.S.-based Citadel Securities, saying it disturbed the …
U.S. Senate finance chair: Congress should hike tax on oil firms’ stock buybacks
(Reuters) – U.S. Senate Finance Committee Chair Ron Wyden on Thursday said Congress must do more to raise taxes on oil companies’ stock buybacks after …
Philippine stock market opens after delay due to technical issue
MANILA (Reuters) – The Philippine stock market’s opening was delayed by half an hour on Wednesday because of a technical issue, the bourse operator said. …
Bank of America to give stock awards to rank-and-file workers
(Reuters) – Bank of America Corp will give stock awards to most of its global workforce for a sixth consecutive year, the company said in …
Ark’s Wood remains bullish on Tesla, says oil stock rally ‘defying logic’
By David Randall NEW YORK (Reuters) – Star stock picker Cathie Wood of Ark Invest suggested the rally in energy stocks will soon end and …
EIA data shows surprise U.S. crude stock build after winter storm
By Arathy Somasekhar HOUSTON (Reuters) – U.S. crude stocks built unexpectedly last week, the Energy Information Administration said, as refiners were slow to restore production …
Venator Materials’ investor pushes for board change amid plummeting stock price
By Svea Herbst-Bayliss NEW YORK (Reuters) -An investor with a large stake in Venator Materials Plc has asked for board seats, criticizing the chemical company’s …
Former Registered Broker Sentenced to 5 Years’ Imprisonment for Conspiring with Long Island Boiler Room to Pump and Dump Stock on Unsuspecting Elderly Investors
Earlier today, in federal court in Central Islip, Lawrence Isen, a former registered broker who participated in a criminal conspiracy to promote and manipulate the …
Australian stock exchange’s blockchain failure burns market trust
By Byron Kaye SYDNEY (Reuters) – In a Sydney hotel conference room in May, Tim Hogben, the head of securities and payments for ASX Ltd, …
New Jersey law seeks “period equity” to force K-12 schools to stock feminine hygiene products
TRENTON, NJ – The New Jersey Senate has passed a bill that would require K-12 schools statewide to stock feminine hygiene products at no charge …
Students, Lawmakers Demand New York Colleges Stock Abortion Pills On-Campus
Alexa Schwerha on December 15, 2022 It was reported that students and lawmakers rallied near Barnard College in New York City on Wednesday in support …
For bear stock pickers, 2023 is full of rich pickings
By Nell Mackenzie LONDON (Reuters) – Well-known activist short-selling hedge funds expect to find more companies squeezed by tough economic conditions in 2023, potentially increasing …
U.S. SEC votes to advance stock market overhaul proposals
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Wednesday voted in favor of proposing some of the biggest changes to the structure …
Explainer-Who would the U.S. SEC’s proposed stock market overhaul impact?
By John McCrank NEW YORK (Reuters) – The U.S. Securities and Exchange Commission is set to vote on Wednesday on advancing rule proposals related to …
U.S. stock rally faces gauntlet of CPI data, Fed meeting
By Lewis Krauskopf NEW YORK (Reuters) – A double dose of potentially market-moving U.S. events next week could set the tone for asset prices in …
Major University To Stock Tampons In Men’s Bathrooms — At Students’ Expense
Major University To Stock Tampons In Men’s Bathrooms — At Students’ Expense Alexa Schwerha on December 8, 2022 Wichita State University will spend more than …
JPMorgan Strategists Predict Stock Plunge, Recession As Early As First Half Of 2023
JPMorgan Strategists Predict Stock Plunge, Recession As Early As First Half Of 2023 John Hugh DeMastri on December 1, 2022 Strategists at JPMorgan Chase predicted …
Corporate Insider Sentenced to 10 Years’ Imprisonment for Conspiring with Long Island Boiler Room to Pump and Dump Stock on Unsuspecting Elderly Investors
Earlier today, in federal court in Central Islip, Jeffrey Chartier, a former registered broker who participated in a criminal conspiracy to promote and manipulate the …
Kyiv mayor tells residents to stock up on food, says heating could be hit
(Reuters) -Kyiv’s mayor told residents on Thursday to stock up on water, food and warm clothes in case of a total blackout caused by Russian …
Goldman Sachs Issues Stock Market Warning
John Hugh DeMastri on November 28, 2022 NEW YORK, NY – U.S. investors are significantly underestimating the risk of a recession, potentially increasing the impact …
A tale of two stock markets: how London still trumps Paris for investors
By Joice Alves, Vincent Flasseur and Samuel Indyk LONDON (Reuters) – Paris’ luxury-laden stock exchange is now worth more than London’s. But although size matters, …
Saudi stock exchange to close on Wednesday after World Cup win against Argentina
CAIRO (Reuters) – The Saudi stock exchange will be closed on Wednesday after Saudi Arabia declared a public holiday and will reopen on Thursday, state …
Kherson residents stock up as first Ukrainian supermarket opens
KHERSON, Ukraine (Reuters) – Hundreds of Kherson residents flocked on Sunday to buy groceries at the first Ukrainian supermarket to open since the city was …
‘Big Short’ fund manager Burry buys another prison stock
By Carolina Mandl NEW YORK (Reuters) – Scion Asset Management’s Michael Burry, known for his timely bets against housing ahead of the 2008 financial crisis, …
European stock investors on alert for heightened balance sheet stress
By Danilo Masoni MILAN (Reuters) – Stock pickers have a message for company finance bosses and it’s getting louder: bolster your balance sheets before the …
Elon Musk Offloads Nearly $4 Billion In Tesla Stock As Shares Continue To Tank
Elon Musk Offloads Nearly $4 Billion In Tesla Stock As Shares Continue To Tank John Hugh DeMastri on November 8, 2022 Tech mogul Elon Musk …
Canada to propose taxing corporate stock buybacks – source
By Steve Scherer OTTAWA (Reuters) – Canada will on Thursday propose a tax on corporate stock buybacks, a senior government source said, similar to a …
Meme stock rally could be sign that investor appetite for risk is returning
By David Randall NEW YORK (Reuters) – Rallies in Getty Images Holdings Inc, Revlon Inc, Tilray Brands Inc and other so-called meme stocks on Monday …
Meta Stock Is In Freefall As Its Brutal Week Continues
Meta Stock Is In Freefall As Its Brutal Week Continues John Hugh DeMastri on October 27, 2022 Meta stocks plummeted 22% on Thursday, at time …
Analysis-Recession fears threaten perfect track record of post-midterm U.S. stock gains
By Lewis Krauskopf NEW YORK (Reuters) – A potential recession could end a streak of gains for U.S. stocks that has followed every midterm election …
Analysis-Options trades, lockstep moves fuel U.S. stock swings
By Saqib Iqbal Ahmed and Carolina Mandl NEW YORK (Reuters) – A surge in short-term options bets, rock-bottom equity allocations and tandem moves in individual …
Nasdaq halts IPOs of small Chinese companies as it probes stock rallies
By Echo Wang NEW YORK (Reuters) – Nasdaq Inc has put the brakes on initial public offering (IPO) preparations of at least four small Chinese …
Megacap earnings to test fledgling U.S. stock rebound
By Lewis Krauskopf NEW YORK (Reuters) – Earnings reports from the four biggest U.S. companies by market capitalization in the coming week may test a …
ValueAct’s Morfit sees Insight Enterprises stock surging as cloud computing grows
By Svea Herbst-Bayliss NEW YORK (Reuters) – Insight Enterprises Inc, which helps clients with the critical but largely unsung work of digital transformation, is poised …
Get out the Red Bull, 24/7 stock trading is coming, market execs say
By John McCrank (Reuters) – Around-the-clock trading, a feature of cryptocurrency markets, is likely coming to U.S. equities within five years, some retail brokerages and …
London Stock Exchange sets listing rules for carbon cutters
By Huw Jones, Susanna Twidale and Simon Jessop LONDON (Reuters) – The London Stock Exchange has become the first major bourse to set listing rules …
China to include eligible dual-listed shares in Stock Connect scheme
BEIJING (Reuters) – Dual-class shares, which have converted to primary listings in Hong Kong, can be included in the cross-border Stock Connect scheme, Shanghai and …
Dip buyers may be burned again as another U.S. stock rally falters
By Lewis Krauskopf NEW YORK (Reuters) – Friday’s swoon in U.S. stocks is helping drive home a humbling message for investors: buying dips may have …
Major U.S. airlines in no rush to resume stock buybacks as ban ends
(Reuters) – Major U.S. airlines said on Monday they have no immediate plans to resume stock buybacks after a Congress-imposed ban expired last month, amid …
China’s Sinopec intends to de-list ADSs from London Stock Exchange
(Reuters) – China Petroleum and Chemical Corp, the world’s biggest oil refiner by capacity, said on Monday it intended to de-list its American Depositary Shares …
‘Failure Of House Leadership’: Dem Rep Excoriates Own Party, Pelosi For Not Passing Bill Banning Stock Trading
‘Failure Of House Leadership’: Dem Rep Excoriates Own Party, Pelosi For Not Passing Bill Banning Stock Trading Harold Hutchison on September 30, 2022 Democratic …
‘Defeats The Whole Purpose’: Nancy Pelosi’s Stock Trading Ban Bill Contains A Major ‘Loophole,’ Experts Warn
‘Defeats The Whole Purpose’: Nancy Pelosi’s Stock Trading Ban Bill Contains A Major ‘Loophole,’ Experts Warn Gabe Kaminsky on September 30, 2022 House Speaker …