After moving modestly lower early in the session, treasuries saw further downside over the course of the trading day on Thursday. Bond prices came under pressure in the latter part of the trading day, closing firmly in negative territory. Subsequently,…
Read MoreBrevan Howard Alum Bets Chinese Stocks Can Narrow Gap With U.S.
The U.S.-China equities gap may narrow by as much as 30% in coming quarters, according to a former Brevan Howard Asset Management LLP trader who led his macro hedge fund to a double-digit gain in the first quarter. With 10-year…
Read MoreBank of America shares a simple stock-trading strategy with a track record of repeatedly beating the market — including the 20 companies that best exploit it now
Savita Subramanian, the head of US equity and quantitative strategy for Bank of America, says betting against the top picks of hedge funds can be a surprisingly profitable tactic. She says that betting against the top 10 overweights of actively…
Read MoreTwo Sigma Starts Impact-Investing Business Focusing on Workers
Two Sigma, the $60 billion quant firm whose co-founder has warned of the threat automation poses to the global workforce, is starting a group to back companies that develop their employees’ potential. The new unit will make private “workforce impact”…
Read MoreEmirates NBD in Talks to Buy Lebanese Bank’s Egyptian Business
Follow us @middleeast for more news on the region. Emirates NBD PJSC started preliminary talks to buy the Egyptian unit of Lebanese lender Blom Bank SAL after last week’s explosion forced the Beirut-based company to review its strategy. Discussions are…
Read MoreStock futures bounce back from Tuesday pause
Why this market strategist recommends investing in industrial stocks right now Belpointe chief market strategist David Nelson and Wealth Enhancement Group Senior Vice President Nicole Webb on investing in coronavirus markets. U.S. equity futures are trading higher ahead of the…
Read MoreTesla announces 5-for-1 stock split as share price surges
Trump: Elon Musk building Texas Tesla factory is example of ‘America First’ effort President Trump tells Fox News’ Sean Hannity he encouraged Tesla’s Elon Musk to build the next factory in Austin, Texas, and says Musk is ‘doing great.’ Electric…
Read MoreNAB staff in firing line as bank pushes ahead with restructure amid pandemic
More than 2600 staff at the National Australia Bank will have to reapply for jobs in three divisions as the financial giant restructures itself under a new chief executive and deals with the fallout from the coronavirus pandemic. Chief executive…
Read MoreCBA profit falls 11% to $7.3b as COVID-19 bites
The Commonwealth Bank has posted a 11 per cent drop in full-year profit and will pay a final dividend of 98c a share, as the banking giant's bottom line was hit by charges for bad debts as a result of…
Read MoreStock futures rise after S&P 500 snaps seven-day winning streak
U.S. stock futures moved higher in overnight trading and pointed to gains at the open on Wednesday after the S&P 500 closed lower for the first time in eight days. Dow futures rose 70 points. The S&P 500 and Nasdaq-100…
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