Wall Street’s worst fears of a year-end funding squeeze never materialized thanks in large part to the quarter-trillion dollars the Federal Reserve stuffed into the market to ensure nothing became gummed up.
The U.S. stock market’s relentless drive higher has caused some nail-biting on Wall Street that the rally is about to end. Geopolitical risks – such as the latest escalation of U.S. tensions with Iran – are just one on a list of worries for 2020. Stocks ended 2019 with their best year since 2013, with the benchmark S&P 500 rising nearly 29%. …read more […]
The U.S. stock market’s relentless drive higher has caused some nail-biting on Wall Street that the rally is about to end. Geopolitical risks – such as the latest escalation of U.S. tensions with Iran – are just one on a list of worries for 2020. Stocks ended 2019 with their best year since 2013, with the benchmark S&P 500 rising nearly 29%. …read more […]
Tensions in the Middle East after the killing of a top Iranian general by the United States pushed an index of Asian shares off an 18-month high on Monday as investors pushed safe-haven gold near a seven-year high, and oil jumped to four-month peaks.
(Bloomberg) — Borden Dairy Co. filed for bankruptcy late Sunday, becoming the second major U.S. milk producer to do so in recent months as rising milk prices and other challenges made its debt load unsustainable.The Dallas-based company listed assets and liabilities of between $100 million and $500 million in its Chapter 11 filing in Delaware. The company, founded more than 160 years ago, said in a statement that operations will continue as normal during the reorganization.“Borden is EBITDA-positive and growing, but we must achieve a more viable capital structure,” Chief Executive Officer Tony Sarsam said in the statement, referring to …read more […]
(Bloomberg) — U.S. stock-index futures fell after last week’s killing of a top Iranian military commander by a U.S. drone in Baghdad damped investors’ appetite for riskier assets.S&P 500 Index futures contracts expiring in March were down 0.3% as of 2:45 p.m. in Tokyo, after the attack prompted Iraq’s parliament to vote to expel U.S. troops from the country. Iran said it would no longer abide by any limits on its enrichment of uranium. Futures on both the Nasdaq 100 Index and Dow Jones Industrial Average declined 0.3%.“The risk-on tone that had continued into the new year was disrupted last …read more […]
With Samsung Electronics expected to suffer its biggest annual profit drop in at least a decade, investors are counting on an expected uptick in the memory-chip market to cure the tech giant’s ills this year.
Spot gold rose 1.7% to stand at $1,577.98 per ounce by 0409 GMT. U.S. gold futures gained 1.8% to $1,580.30. “The geopolitics is taking center-stage,” said Benjamin Lu, an analyst at Phillip Futures. …read more […]
Investors are more upbeat on companies that produce the computer chips, parts that enable electrification, and metals. …read more […]
(Bloomberg) — After ousting his protege-turned-foe from the helm of Tata Sons Pvt. in a boardroom coup three years ago, Ratan Tata was looking forward to a partial retirement. Instead, he’s fighting the battle all over again — this time in a court.India’s Supreme Court is expected to hear as early as this week an appeal by the $111-billion conglomerate to quash a panel’s order that directed the Tata group to rehire the man it fired as chairman. The tycoon, 82, is personally leading the charge in the case, and filed a separate petition challenging the ruling.In a severe blow …read more […]
Jan.05 — The fallout from the Carlos Ghosn and his dramatic escape from Japan should become clearer this week when Ghosn gives a statement this week. Also, the government announced new measures to tighten immigration since Ghosn’s escape. Bloomberg’s Dave McCombs reports on “Bloomberg Markets: Asia.” …read more […]
Japan on Monday said it could still press Lebanon to extradite Carlos Ghosn, after the former Nissan Motor boss skipped bail to become a fugitive in a country that normally does not extradite its nationals.
South Korean restaurant owners expressed concern on Monday over food delivery giant Delivery Hero’s proposed $4 billion acquisition of its local rival, saying the move could undermine competition and lead to higher fees.
(Bloomberg) — The Golden Globes lived up to their reputation as Hollywood’s most unpredictable awards show.“1917,” a World War I epic from director Sam Mendes and Universal Pictures, won the prize for best drama Sunday from the Hollywood Foreign Press Association, inserting itself into an Oscar race just ahead of its wide release in theaters. Mendes also took home the prize for best director.“1917” beat out four other movies, including three contenders from Netflix Inc.: “The Irishman,” “Marriage Story” and “The Two Popes.” Netflix won just two prizes on the night, one for its TV show “The Crown” and another …read more […]
Jan.05 — Oil is rising in the wake of escalating Middle East tensions. Bloomberg’s Stephen Stapczynski speaks with Haslinda Amin on “Bloomberg Markets: Asia.” …read more […]
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