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Daily Scan Asia: Asian stocks steady after US gains; Noble drops to junk
Capital Markets
Updated throughout the day December 30, 2015 A recovery in oil prices drove energy prices higher and lifted Australian markets on Wednesday. The S&P/ASX 200 was up 1% to 5319.90, with energy shares up 1.4%. The index has risen nearly 7% from a one-year low reached in mid-December, and its year-to-date loss is only 1.7% despite the carnage in the commodities markets. Japan’s
Daily Scan America: Stocks follow oil higher; Google, Amazon hit new highs; spies tracking Israel catch Congress
Capital Markets
  Updated throughout the day December 29, 2015 Whither oil goes, so goest the U.S. stock market. Oil rebounded from steep losses in the previous session, jumping 2.9% Tuesday.  The Dow Jones Industrial Average and S&P 500 both added 1.1% but the energy sector added just 0.6%. The Nasdaq gained 1.3% as two of its heavies posted all time highs: Amazon
Sohn co-founder to close hedge fund
Hedge Funds
Sohn Investment Conference co-founder Doug Hirsch is closing his hedge fund after almost 20 years. Hirsch's Seneca Capital Investments is returning most of its $500 million in capital December 29, reports Bloomberg. The event-driven hedge fund lost 6% this year in its domestic fund. Event driven funds lost an average of 2.3% from January through November this year. “I am
New entrant jumps to lead as HSBC hedge fund performance races to the yearly finish
Hedge Funds
With the race to finish at the top of the HSBC Hedge Weekly coming to a yearly close, a major shift has taken place on the leader board. A long short hedge fund with an intermittent record of appearing on the HSBC list has taken a commanding lead while a much watched bio-tech fund that was previously in the spotlight
What Amazon's holiday report reveals about our weird shopping habits
Lifestyle
It wouldn't be the holiday season without revealing year-end press releases from major corporations, especially retailers. The king of online retail, Amazon, just issued a 3,000-word report of holiday shopping, watching, and listening stats that says a lot about us. Much of the data comes from users of Amazon Prime, the $99-per-year subscription service that provides free and discounted deliveries,
Energy pummels mutual funds in 2015
Asset Management
Dipping oil prices and rising interest rates hit mutual funds hard in 2015, dragging down popular energy-limited partnership funds. The energy funds, which invest in master limited partnerships (MLPs), top the table of worst-performing U.S. funds of the year, reports the Financial Times. The energy mutual funds were sold as high-yield investments more protected than direct investments in energy producers,
Daily Scan: US stocks rise; Storm pummels US
Capital Markets
Updated throughout the day December 29, 2015 U.S. stocks followed global indexes up Tuesday. The Dow Jones Industrial Average added 0.9% by midday. The S&P 500 was up 0.8%, and the Nasdaq grew 1%. Trading remains light in the short week before New Year's Day. Asian equities closed higher Tuesday, with the Hang Seng Index finishing the session up 0.36%. China’s
How to play the dollar's whims in 2016
Asset Management
With the U.S. Dollar Index cruising toward a 2015 gain of more than 6 percent, it is safe to say this year has been kind to the greenback. Of course past performance is not a guarantee of future returns, but it is worth noting the typical dollar bull cycle lasts about eight years, meaning the U.S. currency potentially has a
Daily Scan: Global stocks rise; Storms continue in US
Capital Markets
Updated throughout the day December 29, 2015 Asian equities closed higher on Tuesday as oil prices finally stabilize and metals put on some gains. Hong Kong’s Hang Seng Index finished the session up 0.36%, while China’s Shanghai Composite and Japan’s Nikkei 225 ended the day up 0.85% and 0.58%, respectively. European shares seem to be following Asia’s lead. Britain’s FTSE 100
Daily Scan Asia: Equities charge higher as oil and metals rebound from lows
Capital Markets
Updated throughout the day December 29, 2015 Asian equities closed higher on Tuesday as oil prices finally stabilize and metals put on some gains. Hong Kong’s Hang Seng Index finished the session up 0.36%, while China’s Shanghai Composite and Japan’s Nikkei 225 ended the day up 0.85% and 0.58%, respectively. Meanwhile, European shares seem to following Asia’s lead. Britain’s FTSE