Goldman Sachs has lowered its stock market estimates for 2016, as oil prices have still not shown any signs of recovery from their long-running slump. The continuing poor performance of oil and other commodities is […]
Tag: Stock Market
New Index Reveals That Coral Reefs Are Worth Four Times As Much As The UK
Coral reefs are worth more than four times the value of the economy of the United Kingdom, as the reefs provide over $9 trillion in services to people worldwide. The statistic was provided from a […]
Glencore Losing Massive Amounts of Money Could Spell Its Demise
Commodity trader and mining company Glencore lost as much as one-third of its value today, representing the company’s single largest one day decline since it made its initial public offering in 2011. The company has […]
Four Brokerages Accused Of Stock Market Violations Amid Chinese Market Meltdown
Four Chinese securities brokeages and employees of its securities regulator are under investigation for alleged stock market offences. China’s official News Agency, Xinhua, reported that three of the brokerages have confirmed they are being accused […]
‘Black Monday’ In China As Stocks Suffer Worst One Day Loss In Eight Years
China’s stock market fell out of bed overnight, falling by its biggest margin in eight years. A wave of risk-off selling hammered the market. 993 stocks listed on the benchmark index, accounting for over 90 […]
Stock Market Plunges 531 Points In Biggest Loss Of The Year
America’s stock markets suffered a dramatic selloff Friday and posted their biggest loss of the year. The benchmark Dow Jones Industrial Average plummeted 531 points, and had its worst week since 2011. That performance was […]
High Frequency Trading Firms Attack Chinese Markets Amid Turmoil
China’s stock markets are being hit once again by traders from foreign hedge funds. Despite efforts to calm Chinese markets, foreign investors are reported to have found loopholes that allow hedge funds and proprietary traders […]
Chinese Stock Market Posts Largest One Day Drop On Record
In a turbulent time for the Chinese markets, Chinese shares plunged 8% on Monday, its steepest one-day drop in eight years. The main Shanghai share index dropped 8.5% while Shenzhen’s main index fell 7.5%. The […]
Legendary Sports Car Maker Ferrari Files For U.S. IPO
Always wanted to own a Ferrari but found it to be a little out of reach? Good news, then, as the iconic Italian sports car maker has filed its request for an initial public offering […]
Google Posts Largest One Day Gain In U.S. Stock Market History
Following the release of its quarterly earnings report on Friday, Google posted a 16% jump in its stock, which translates to $65.1 billion for the company. This barely beat the previous record of $65 billion […]
NYSE Says Software Update, Not Hackers, Caused Wednesday’s Market Failure
A “software update” has been blamed for a “system shutdown” which brought trading at the New York Stock Exchange (NYSE) to a grinding halt on Wednesday. Because the Stock Exchange computer crash occurred on the […]
Chinese Stocks Plummet In 1929 Style Crash
As people turn their attention to Greece as the austerity measures have been voted on and recently denied, on the other side of the world China is feeling their own financial pain. It has been […]
Invading Your Privacy Is Big Business: Facebook Now Worth More Than Wal-Mart
The market seems to love Facebook’s business of selling your private data to hungry advertisers. So much so, in fact, that the serial privacy invader has left retail giant Wal-Mart behind in the dust, with […]
SEC Chasing Sophisticated Insider Trading Hacking Group
A collection of hackers, known only as “FIN4,” are being investigated by the U.S. Secret Service under suspicion of hacking into corporate email accounts for confidential merger information, to be used for insider trading. The […]