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Daily Scan: Stocks rise, oil gains, and bonds slip ahead of key Fed announcement
Updated throughout the day December 15, 2015 Oil blasted higher Tuesday, propelling stocks higher ahead of the Federal Reserve announcement Wednesday. West Texas Crude gained 2.9% to $37.35 higher, re-tracing big losses Monday that put it near 11-year lows. The S&P 500 rose 1.1% and the Dow Industrials gained 0.9%, led by energy stocks Exxon Mobil, up 4.5%, and Chevron,
Daily Scan: Major indexes up more than 1% ahead of Fed decision; LA closes all schools after bomb threat
Updated throughout the day December 15, 2015 U.S. stocks joined the rally in Europe, opening about 1% higher as oil pushed sharply higher after nearing 11-year lows on Monday. The Dow was up 1.1% by midday, as was the S&P 500 and the Nasdaq. The markets have been volatile, especially after Third Avenue Management abruptly shuttered its high-yield bond fund,
Daily Scan: US stocks gain more than 1% as oil strengthens and Fed policy group meets
Updated throughout the day December 15, 2015 U.S. stocks joined the rally in Europe, opening about 1% higher as oil pushed sharply higher after nearing 11-year lows on Monday. The markets have been volatile, especially after Third Avenue Management abruptly shuttered its high-yield bond fund, telling investors they would have to wait for their money until the managers could liquidate
Daily Scan: Asia ends mixed; European shares head for orbit
Updated throughout the day December 15, 2015 Asian shares finished mixed on Tuesday as worries over the credit markets, commodities, and the Fed weighed heavy on a thin market once again. Hong Kong’s Hang Seng Index slid 0.17% to chalk up its longest losing streak since 1984, while China’s Shanghai Composite dropped 0.29% despite a strong showing by real estate
Changing face of Wall Street
It's a frequent claim: Goldman Sachs has more programmers and engineers working on tech matters than Facebook. According to Goldman's tech team members who spoke with Business Insider, of about 33,000 full-time employees at the bank, 9,000 of them are engineers and programmers. But there is a more interesting number that shows how just how Wall Street is changing: In
Daily Scan: Stocks trade mixed; Yuan falls for seventh-straight day
Updated throughout the day December 15, 2015 Shares in Hong Kong edged higher on Monday as a rebound in crude prices lifted energy shares in the former territory. The Hang Seng Index is currently up 0.45%, and the Hang Seng China Enterprises Index is up 1.04%. Meanwhile, China’s benchmark index is roughly flat after zig-zagging throughout the day while over
Daily Scan: US stocks end on high note ahead of Fed meeting
Updated throughout the day December 15, 2015 U.S. stocks ended Monday on a high note after dipping earlier in the day. The Dow Jones Industrial Average was up 0.6%. The S&P 500 added 0.5% and the Nasdaq Composite grew 0.4%. U.S. oil dropped below $35/barrel Monday before bouncing back up to just over $36/barrel. The U.S. junk-bond rout continued into the new
Daily Scan: Stocks lift before Fed meeting; Sgt. Bergdahl to be court martialed
Updated throughout the day December 14, 2015 Stocks ended Monday on a high note after dipping earlier in the day. The Dow Jones Industrial Average was up 0.6%. The S&P 500 added 0.5% and the Nasdaq Composite grew 0.4%. U.S. oil dropped below $35/barrel Monday before bouncing back up to just over $36/barrel. The U.S. junk-bond rout continued into the new week
Daily Scan: Chinese shares soar; Rest of Asia finishes lower
Updated throughout the day December 14, 2015 Concerned over the Fed and worried about oil, investors dragged Asian shares lower on Monday with the Hang Seng Index down 0.72%, the Nikkei Average down 1.80%, and the Straits Times Index down 0.90%. China however wasn’t having any of that. Despite dipping nearly 1% at the open, the nation’s Shanghai Composite ended
Alibaba and SCMP agree a price
Alibaba Group will pay HK$2.06 billion ($265.8 million) to buy the South China Morning Post, the newspaper group said in a statement on Monday. The purchase comes at a sensitive time. Top Chinese businessmen are disappearing and leading Mainland workers' and civil rights activists are being detained; meanwhile pro-democracy activists from last year's Hong Kong Occupy protests are being arrested or tried.