Stocks Overcome Tech Weakness to Post Gains
Wall Street Journal–1 hour ago
Japan’s Nikkei Stock Average shed 0.5%, but still recovered from much deeper losses earlier in the day, and Chinese bourses notched some modest gains. Still, turmoil in the tech sector continued, with futures pointing to a 0.2% opening loss for the Nasdaq Co mposite, after a 1.8% decline the previous day …
US Stocks Plummet Amid Tech Selloff
Wall Street Journal–20 hours ago
Technology shares dragged down stock indexes, jolting investors who have rallied behind a handful of the hot tech companies and raising fresh questions about the resiliency of a nine-year-old bull market in U.S. stocks. Together, Facebook , Amazon.com , Netflix and Google parent Alphabet—young firms …
Is Tesla Feeling the Pressure?
U.S. News & World Report–Mar. 19, 2018
Tesla Inc (Nasdaq: TSLA) stock has struggled to gain traction in the past six months, declining 15.3 percent in the wake of repeated Model 3 production delays. Last week, CNBC reported that current and former employees say Tesla is producing a “surprisingly high” number of flawed vehicle parts as …
Morgan Stanley says the stock market melt-up is over
Financial News–4 hours ago
At least, that is the prognosis of one prominent Wall Street strategist who believes the torrid January rally that gave way to a correction may have been the market’s short-term apex. The S&P 500 jumped 7.5% between the end of 2017 and January 26, when it notched the last in a string of record closes at …
Hong Kong Stock Market Holds Out Hope for Aramco Listing
Wall Street Journal–2 hours ago
The head of Hong Kong’s stock exchange said he believes Saudi Arabian state-owned oil giant Aramco will eventually need to list in Hong Kong, despite news that its highly anticipated initial public offering is likely to take place on its domestic market. Charles Li, chief executive of Hong Kong Exchanges …
Europe Stocks Climb; Dollar Steady, Treasuries Dip: Markets Wrap
Bloomberg–13 hours ago
Europe Stocks Climb; Dollar Steady, Treasuries Dip: Markets Wrap. By. Adam Haigh. @adhaigh More stories by Adam Haigh. and. Samuel Potter. More stories by Samuel Potter. March 19, 2018, 2:55 PM PDT Updated on March 20, 2018, 1:16 AM PDT. Nasdaq futures slip, Treasury yields tick higher, oil advances.
Hong Kong’s Richest Woman Loses Half Her Wealth on Stock Plunge
Bloomberg–Mar. 18, 2018
Worth almost $12 billion as recently as January, she’s seen more than half of her wealth wiped out as the stock crashed. Kingston Financial Group Ltd., which operates businesses including Macau casinos and margin lending, has tumbled 50 percent since Hong Kong’s securities regulator in January …
Stocks Slump as Facebook Hits Tech; Bonds Recover: Markets Wrap
Bloomberg–Mar. 19, 2018
Stocks declined globally on Monday as a technology selloff sent the Nasdaq indexes to the steepest losses in six weeks. Government bonds … U.S. stocks slumped as tech companies were roiled by reports of a Facebook Inc. data breach and Apple Inc. efforts to develop its own screens. That sapped Asian …
Millennial Investors Felt ‘Excitement’ During Stock Selloff
Bloomberg–22 hours ago
As markets sank into the first 10 percent correction in two years, millennial investors were hardly frightened and in fact were more enthralled by the drama than their older peers. According to a survey by Bankrate.com, 19 percent of those aged 18 to 37 reported “feelings of excitement” during the selloff, …
Twitter Puts Its Own Spin on Snapchat Stories
U.S. News & World Report–Mar. 15, 2018
Twitter Inc (NYSE: TWTR) is reportedly taking a page out of the Snap Inc. (SNAP) playbook and developing its own version of Snapchat’s popular Stories feature, which combines location-based photos and videos focused on particular events. Twitter investors sent the stock soaring by more than 7 percent …
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