Oil’s Slide Deepens on Mounting Demand Worries Unexpected rise in crude stockpiles sends prices to lowest close since mid-January A rout in oil prices deepened Wednesday after government data showed an unexpected increase in stockpiles, triggering fresh worries that demand for fuel is weakening alongside the U.S. economy. U.S. crude futures fell 4.7% to $51.09 […]
Tag: WSJ
Tortoise's Rob Thummel in The Wall Street Journal
Shale Output Shows Signs of Slowing The number of active oil rigs in the U.S. fell to a 17-month low last week Oil prices are back on the rise, but shale drillers still have little incentive to ramp up activity. The number of active oil rigs in the U.S. fell to a 17-month low of […]
ETFMG's MJ ETF in WSJ
Cannabis ETFs Aren’t the Same ETFMG Alternative Harvest and AdvisorShares Pure Cannabis may track the same industry, but they are quite different in terms of holdings A burning desire for pot stocks may leave unwary cannabis investors with more speculative investments than they realize. Take two exchange-traded funds focused on the cannabis industry: ETFMG Alternative […]
Thornburg Investment Management's Jason Brady in WSJ
What Is a Stock Rerating? The term, when used to describe stocks, refers to changes in investor sentiment When Wall Street analysts use the terms “rerating,” “rerate” or “derating,” they are talking about something at the heart of the investing process: changes in investor sentiment. “When a stock sees a rerating, people are either more […]
Thornburg Investment Management's Bimal Shah quoted in WSJ
Race to Public Markets Continues Despite Uber, Lyft Flops Strong anticipated demand for Slack signals robust investor appetite; 2019 still expected to be a record The IPO market faced its first major test since the disappointing debuts of Uber Technologies Inc. UBER 1.41% and Lyft Inc. LYFT 4.58% and passed with flying colors. Investors eagerly […]
Atish Davda quoted in The Wall Street Journal
Postmates Watching Uber’s Market Debut as It Prepares for Summer IPO Uber’s stock-market performance could have impact on competitors’ valuations Uber Technologies Inc.’s stock performance following its expected Wall Street debut Friday could have significance for a range of companies in ride-hailing, food delivery and other emerging transportation services. One of those is Postmates Inc., […]
Rob Thummel quoted in WSJ
Oil Volatility Picks Up, Putting 2019 Rally Under Scrutiny Portfolio managers move into less-risky investments; prices swing with Trump pressure on OPEC and Iran Volatility is picking up in oil markets following a powerful 2019 rally, prompting a retreat among portfolio managers into less-risky investments in a sector that many investors still view as hot. […]
Nancy Tengler quoted in WSJ
Patagonia Triggers a Market Panic Over New Rules on Its Power Vests The sportswear company announced restrictions on its custom-branded vests to firms that “prioritize the planet,” leaving aspiring tycoons out in the cold Wall Street faces a crisis that touches the very core of its largely male workforce. In a panic-inducing announcement, Patagonia set […]
Beazley in Wall Street Journal
Ransomware Is Booming and Companies Are Paying Up For companies concerned about the soaring number of ransomware attacks–in which hackers take control of data or systems and demand payment to release them–the good news is such ransoms are typically small, often in the hundreds of dollars. Read more here: http://blogs.wsj.com/riskandcompliance/ 2016/10/27/ransomware-is-booming-and-companies-are-paying-up/
Steve Kalafer comments on VW in WSJ
Volkswagen Dealerships Hopeful Over Potential Payout from Emissions Scandal Volkswagen expected to pay $1.2 billion collectively to dealers; specific details expected end of September Volkswagen dealers nationwide are largely striking a hopeful tone on news of the auto maker’s deal with some 650 Volkswagen franchise dealerships in the U.S. over its emissions scandal. Volkswagen expects […]
Steve Kalafer in WSJ
Volkswagen to Pay More Than $10 Billion to Settle Emissions Claims Company will pay diesel car owners at least $5,100 on top of buyback or fix Volkswagen AG is nearing a $10 billion civil settlement, the largest in the auto industry’s history, to compensate U.S. owners of vehicles affected by the German car maker’s emissions-cheating […]
root9B in WSJ
root9B Awarded Subcontract Supporting U.S. CYBER COMMAND COLORADO SPRINGS, Colo., June 3, 2016 — root9B, a root9B Technologies (OTCQB: RTNB), company and leading provider of advanced cybersecurity services and training for commercial and government clients, announced today that it has been awarded a subcontract from prime contractor Science Applications International Corporation (SAIC). The USCYBERCOM multiple […]
Tortoise in WSJ
OPEC Officials: May Discuss Oil Freeze at June Meeting OPEC is ‘still alive’ as a force in the oil market, says secretary-general Abdallah Salem el-Badri OPEC spoke on Thursday, but the market wasn’t listening. The Organization of the Petroleum Exporting Countries could revive talk of freezing oil production along with nonmembers at its next meeting […]
Steve Kalafer in the WSJ
Volkswagen Seeks to Rebuild Trust With U.S. Initiative German auto maker looks to appeal to customers, dealers following emissions scandal Volkswagen AG, struggling to get out in front of its emissions-cheating scandal, is trying to overcome missteps in its crisis-fighting strategy and plans to announce a new sales initiative in the U.S. this week as […]
Grasso on today's markets
Dick Grasso: Today’s Markets Aren’t Fair Turmoil in August was a sign something was awry with capital markets, former NYSE chief Richard Grasso says The former head of the New York Stock Exchange says modern markets have sacrificed fairness for speed. Read more here.
Tortoise in Wall Street Journal
Oil Prices Drop as U.S. Supplies Rise to Fresh Record U.S. Benchmark Crude Prices Fall Below $50 a Barrel Oil tumbled for the second day in a row, with the U.S. benchmark slipping back below $50 a barrel, after a government report showed U.S. crude stockpiles reached a new record high. Read more here.
GBI's Bob Alderman in WSJ
Gold, Dollar Buck Trend to Shine Together Amid Renewed Economic Uncertainty, Both Gold and the U.S. Dollar Are on the Rise Gold’s run-up so far this year has put it among the best-performing assets globally. But it is fear, not glitter, that is behind the yellow metal’s appeal for investors. Read more here.
PreciseType in WSJ
Hospitals Aim to Better Match Blood Donors and Recipients New Risks to Patients Needing Transfusions As researchers uncover more genetic variations in blood types, they are identifying new risks to patients needing transfusions. Read the article here.
Tortoise in the WSJ
Oil’s Price Drop Stands to Help Refiners Field-to-Pump Operations at BP, Shell Provide Insulation from Market Pressures LONDON—Falling oil prices mean energy companies and their investors can expect lower profits in the coming months. But big, integrated oil companies are likely to find that a recently unloved part of their business—oil refining—provides a cushion. Read […]