Former United Auto Workers (UAW) President Gary Jones was charged on Thursday with embezzling more than $1 million of union funds amid a U.S. corruption probe that has raised the specter of a federal government takeover of the union.
Wall Street’s losses deepened and the Dow Jones Industrials shed 1,000 points in afternoon trading on Thursday as death toll in the United States rose to 11 and travel related stocks took a severe beating.
(Bloomberg) — As the coronavirus finally hits London, some financial professionals are being evacuated from work, others are turning away coughing visitors — and a famous hedge-fund manager banned his staff from cramming into crowded Tube trains.Greg Coffey is offering to pay for all of his staff’s taxi rides to and from Kirkoswald Asset Management after forbidding them from taking the subway system, according to a person familiar with the matter.UBS Group AG joined the ranks of big banks dusting off emergency facilities — and barred anyone from its main London office who admits to having flu symptoms. The Swiss …read more […]
European planemaker Airbus failed to win any new aircraft orders in February, it said on Thursday, providing further evidence of disruption across aviation industries from the global coronavirus outbreak.
HP Inc on Thursday rejected Xerox Holdings Corp’s raised takeover bid of about $35 billion, saying it undervalued the personal computer maker.
Two years into an ambitious growth plan to revive earnings at the largest U.S. oil company, Exxon Mobil Corp said on Thursday it would stick to its plans to “lean in” to spending even as its shares have lagged those of competitors, which are cutting costs.
Airbus is battling to shore up support for its A330neo wide-body passenger jet as the coronavirus crisis, geopolitics and trade wars raise fresh questions over demand for the aircraft, industry sources said.
AT&T Inc has partnered with Alphabet Inc’s Google Cloud to use 5G edge computing technologies to help clients improve speed and increase security by running applications closer to end users.
Dan Wantrobski, technical strategist and associate director of research at Janney Montgomery Scott says that the markets will find a bottom very soon and that the longer-term market cycle is still on track to push the S&P 500 forward. He joins Yahoo Finance’s On the Move. …read more […]
Global equity markets tumbled and the dollar slid on Thursday as the number of coronavirus cases outside China mounted rapidly, leading California to declare an emergency and HSBC in London to send more than 100 staff home.
Exxon Mobil plans to reduce the number of oil rigs operating in an oil-rich region in the Southwest and may cut planned capital expenditures as the spreading coronavirus saps energy demand. The price of a barrel of oil has fallen more than 20% since the start of the year, and 8% in the last month, with energy demand expected to shrink as the outbreak drags on the global economy. Energy demand dropped dramatically as flights to and from China were halted and factories slowed production. …read more […]
Alphabet Inc’s Google on Thursday joined Amazon.com Inc, Facebook Inc and Microsoft Corp in recommending employees in the Seattle area to work from home, after many were infected with the coronavirus in the region.
Quantitative investing uses complex computer analysis to process tons of data and reveal patterns that would otherwise be invisible to humans.
But, as Nicholas Vardy explains, the real edge for quant and swing trading is a lot simpler.
Editor’s Note: In case you missed our exciting news last week, I wanted to share that our brilliant ETF Strategist Nicholas Vardy is transitioning into a new role as The Oxford Club’s Quantitative Strategist. What exactly does that mean? Well, Nicholas will be taking a deeper dive into quant investing strategies and trends, and sharing that knowledge with our Liberty Through Wealth readers and …read more […]
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