The market crash that sent the Dow Jones Industrial Average plummeting by more than 1,000 points within minutes of the opening bell on August 24 has been partially blamed on a SunGard software problem that led to a large number of ETFs temporarily trading at heavy discounts to their net asset values.
The United States economy added 173,000 jobs in August, but the latest jobs report did very little to shed light on whether or not the Federal Reserve will or should begin raising interest rates later this month.
A new Reuters report on the hedging positions of the 30 largest U.S. shale companies shows that only about one third of the companies chose to add to hedges and lock in $60/bbl crude oil prices during Q2. For now, many companies are holding off for a rebound in crude prices, but bounceback has yet…
In a new report, Oppenheimer analyst Andrew Uerkwitz discussed Apple Inc. AAPL 1%’s upcoming press event on September 9. Uerkwitz made his predictions about what products Apple will launch at the event, what type of reception the launches will get from investors and what the fallout from the event will mean for Apple’s share price.
Aluminum giant Alcoa Inc AA 0.84% announced on Thursday that it will be undergoing a $60 million expansion of its research and development facility in Pennsylvania to explore industrial 3D printing for aerospace, automotive and construction applications.
Every time a shopper chooses to buy a product, he or she makes a choice among countless retailers. Why do consumers choose one retailer over the others?
The cybersecurity business is exploding, and not just for the good guys. Distributed denial-of-service attack (DDoS) company Lizard Squad claimed responsibility for taking down the UK’s National Crime Agency website just last week.
In their Q2 letter to investors, hedge funds Viking Global Equities (VGE) and Viking Long Fund (VLF) reviewed their top positions and their best- and worst-performing stocks. Overall, the funds modestly beat the returns of both the S&P 500 and the MSCI World Index in Q2.
Arkadiy Dubovoy, a man who is accused of hiring hackers to infiltrate the databases of news networks to gain inside information prior to the public release of documents pleaded not guilty on Wednesday, and a judge set his trial date for November 4. The Russian trader’s son Igor has also been charged in the case.
The bad news continued for the coal industry on Wednesday as the California Assembly passed a bill that would require the states pension funds CalPers and CalSTRS to liquidate their investments in coal companies. The two public employee pension funds manage a combined $476 billion in assets.