A decade is a long time in the business world, and plenty of time for even the biggest company on the planet to endure a fall from grace.
The Brexit vote may have caught global markets off guard. But with U.S. stocks surging again in Wednesday’s session, Brexit may have already become old news. According to Citi analyst William Lee, there doesn’t appear to be much follow-through in the initial Brexit sell-off.
According to the latest data from TickerTags, adidas AG (ADR) ADDYY 2.05%’s NMD has been the shoe of the year in the first half of 2016.
The Brexit vote caught nearly all economists and traders off guard. But now that it appears the Brexit will be a reality, the major question is how it will impact global economies.
The latest data from TickerTags indicates that Amazon.com, Inc. AMZN might have more competition in the cloud services business than investors realize.
The latest data from TickerTags indicate the Orlando shootings may have triggered more public gun control discussions than ever before.
The unpredictability of the Brexit vote has led to some spirited financial debates on social media in the past week. One Reddit discussion focused on Nassim Nicholas Taleb. In addition to being a best-selling author, the Lebanese-American statistician is also a former derivatives trader and hedge fund manager.
When an industry as large as U.S. oil gets hit as hard as it has in recent years, the struggles can weigh on parts of the economy that have nothing to do with energy.
Oil refiner stocks were the stars of the energy sector in 2015, but they have been absolutely crushed so far in 2016. While the Energy Select Sector SPDR (ETF) XLE 0.8% is up 11.3 percent this year, refiner stocks are averaging a more than 40 percent decline.
It was a tough week for bank investors, as an unexpected Brexit vote out of the U.K. hit bank stocks particularly hard. However, once the Brexit dust settles in the market, Bank of America Corp (BAC) andCitigroup Inc (C) will be excellent buys.