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News & Updates

July 16, 2015 Carl Icahn calls BlackRock a 'dangerous' company, cites ETF concerns

Source: Reuters

Billionaire activist investor Carl Icahn on Wednesday lambasted BlackRock Inc, the world's largest asset manager, as an "extremely dangerous company" because of the prevalence of its exchange-traded fund products, which Icahn...

July 16, 2015 Manufacturing shows signs of steadying as U.S. oil slump wanes

Source: Chicago Tribune

The most that could be said of American manufacturing is that the worst is probably over.. Factory production was little changed in June for a second month, restrained by a drop in motor-vehicle output that may prove temporary,...

July 16, 2015 The Latest: European stock markets rise after Greek parliament passes austerity bill

Finance Yahoo - The îStoxxî 50 index of top European companies was up 1.4 per cent in late morning trading. Germany's DAX and France's CAC-40 were up by the same rate. Greece's stock market has been closed since late...

July 16, 2015 U.S. Treasury Bonds Strengthen After Pullback on Yellen Comments

Source: Wall Street Journal

U.S. Treasury bonds strengthened Wednesday after pulling back earlier following the Federal Reserve’s latest signal that the central bank is on track to raise short-term interest rates this year.

July 16, 2015 Bank Of America Beats Wall Street Forecasts As Expenses Fall To 2008 Levels

Source: Forbes

On Wednesday morning, Bank of America reported better-than-forecast $22.3 billion in second quarter revenue and 45-cents in earnings per share, exceeding consensus forecasts of $21.4 billion in revenue and 36-cents in EPS. Bank...

July 16, 2015 Greek parliament approves bailout deal

Source: USA Today

ATHENS — After protesters clashed with police outside, Greece's parliament accepted harsh terms early Thursday to receive nearly $100 billion in the country's third bailout in five years. To pass the measures and avoid economic...

July 15, 2015 5 questions Fed Chair Yellen will face from Congress

Source: Washington Post

WASHINGTON — Federal Reserve Chair Janet Yellen will deliver the central bank’s mid-year economic outlook this week to Congress, where she will face grilling from House and Senate lawmakers. Here are five questions Yellen will...

July 15, 2015 One-day sales aim to reignite retail

Source: LA Times

Two battle-tested retail behemoths are squaring off Wednesday with competing one-day sales online as they try to lure shoppers, who have been keeping a tight fist on their pocketbooks..

July 15, 2015 JPMorgan profit beats estimates as tax bill and expenses fall

Source: Financial Express

JPMorgan Chase & Co, kicking off the second-quarter earnings season for U.S. banks, reported a stronger-than-expected rise in profit on Tuesday, helped by a drop in legal and restructuring expenses and a smaller tax bill.

July 15, 2015 In China's stock market, good news is bad news

Source: Fortune

The economy grew 7% year-on-year in 2Q, beating expectations–but the market resumed its downward slide.

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