The rally in U.S. equities took a pause and the strong dollar got stronger on Thursday, rising to a three-year high against a basket of trading partner currencies, after a steep slide in the Japanese yen called into question its safe-haven status.
U.S. department store operator Sears has reached a deal for a fresh financial lifeline totaling roughly $100 million from hedge fund Brigade Capital Management LP, as it tries to stabilize after bankruptcy, people familiar with the matter said on Thursday.
The rate of new coronavirus infections in China have slowed, but concerns about mounting human and economic costs battered markets on Thursday. …read more […]
U.S. stocks fell on Thursday, led down by technology heavyweights, after reports of new coronavirus cases in China and other countries intensified fears over its spread and impact on the global economy.
Tesla was ranked the number 1 automotive maker in the U.S. Auto Brand Consumer Report. Yahoo Finance’s On The Move panel shares the detail. …read more […]
Morgan Stanley’s takeover of brokerage E*Trade Financial Corp reflects a more relaxed regulatory mood in Washington, but it is still a gamble in an election year that will see Democrats continue to shine a spotlight on Wall Street excesses, said analysts.
Morgan Stanley said on Thursday it would buy discount brokerage E*Trade Financial Corp in a stock deal worth about $13 billion, the biggest acquisition by a Wall Street bank since the 2008-2009 financial crisis.
U.S. energy firm Westinghouse is expected to sign a new agreement with state-run Nuclear Power Corporation of India for the supply of six nuclear reactors during U.S. President Donald Trump’s visit next week, officials said, aiming to kickstart a long-running project.
According to betting giant Paddy Power, Bloomberg’s odds to become the Democratic Nominee fell about 30% following his first debate. Yahoo Finance’s Zack Guzman, Kristin Myers and Radio Show Host Ben Kissel discuss on YFi PM. …read more […]
We have a moral issue with gambling. After all, one of our core beliefs is that wealth leads to Liberty. Therefore, gambling leads to slavery.
It’s a dangerous game.
We don’t partake.
Even so, we’re fascinated by the numbers behind it all. They’ve certainly guided our investment philosophy and made us a winning trader.
In fact, we’ve learned a lot from Edward Thorp – the math genius and professional gambler who turned the odds on Vegas and then revolutionized Wall Street.
He’s our kind of man – a thinker.
Even though he spent years in the blackjack game, Thorp would argue he’s not a gambler. He’s …read more […]
As you might know, Wabtec Corporation (NYSE:WAB) recently reported its yearly numbers. It was not a great result… …read more […]
U.S. stock indexes fell on Thursday, dragged down by technology heavyweights, as investors fretted over the rising number of coronavirus cases in China and other countries as well as the potential economic damage from the epidemic.
Canada’s drug pricing agency is contemplating significant changes to how it will apply new regulations aimed at lowering costs, Reuters has learned, as drugmakers unhappy with the policy delay introducing new medicines in the country and blame it for job cuts.
Steven Strauss, a Visiting professor at Princeton University’s Woodrow Wilson School, says for all the fiery back-and-forth in the Nevada debates, a lot was missing: gun regulation, tax reform, health care to name a few topics. He joins Yahoo Finance’s On the Move to discuss. …read more […]
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