Jason Alden | Bloomberg via Getty Images Martin Gilbert, chief executive officer of Aberdeen Asset Management Plc, speaks during an interview in London, U.K., on Monday, May 16, 2016. Indeed, for some time numerous investors have warned of an impending market correction — a backtrack of at least 10 percent …
Read More »Monthly Archives: February 2018
South Korean Air Force plane crashes, catches fire in Singapore
Saheli Roy Choudhury | CNBC The Black Eagles, an aerobatic demonstration team belonging to the South Korean Air Force, was set to perform a flight display at the Singapore Airshow on Feb. 6, 2018. A South Korean aircraft slipped and crashed during take-off on Tuesday at Singapore’s Changi Airport, the …
Read More »BNP Paribas says it posted a ‘solid’ 2017 despite profit slump in last quarter
Balint Porneczi | Bloomberg | Getty Images Pedestrians pass a branch of BNP Paribas SA bank in Paris, France. “If I look at the bottom line it clocked in at 7.8 billion euros, up 4 percent, and a dividend of 3.02 euro per share,” he said, adding that the bank …
Read More »BP earnings q4 2017
Christophe Morin | Bloomberg | Getty Images Robert ‘Bob’ Dudley, chief executive officer of BP Plc. Oil major BP beat earnings expectations on Tuesday, highlighting a surge in refining and trading during the final three months of 2017. “This is the best earnings we have had in recent history,” BP …
Read More »Big tech faces questions on how to deal with backlash facing the industry
Timothy A. Clary | AFP | Getty Images (L-R) Amazon’s chief Jeff Bezos, Larry Page of Alphabet, Facebook COO Sheryl Sandberg, Vice President-elect Mike Pence and President-elect Donald Trump at Trump Tower December 14, 2016. Big tech had a great time last year. Earnings for major players like Apple, Amazon, …
Read More »Economic fundamentals, stock market rout
Brent Lewin | Bloomberg | Getty Images Haruhiko Kuroda, governor of the Bank of Japan (BOJ) Bank of Japan Governor Haruhiko Kuroda said on Tuesday the fundamentals behind stock prices remained solid as the Japanese, U.S. and European economies were in “very good shape.” “The recovery (in these economies) is …
Read More »Malaysia and Singapore to establish a trading link between exchanges, Malaysian prime minister says
Roslan Rahman | AFP | Getty Images Malaysia’s Prime Minister Najib Razak with Singapore’s Prime Minister Lee Hsien Loong on January 16, 2018. Prime Minister Najib Razak said on Tuesday that Malaysia and Singapore are working on establishing a trading link between the exchanges of both countries. “A regulatory arrangement …
Read More »XIV is going to cause a bigger sell-off Tuesday
Stocks will add to their losses on Tuesday as an obscure security linked to market volatility loses nearly all of its value, CNBC’s Jim Cramer said Monday. The investor was referring to the VelocityShares Daily Inverse VIX Short-Term exchange-traded note (XIV). The XIV — which allows traders to bet against …
Read More »Why the stock market plunged today
Investors’ minds quickly turned to a more aggressive central bank and the prospect of a faster pace of interest rate hikes. “I’m not worried about this move. This is all a Fed move,” said Joe LaVorgna, chief economist for the Americas as Natixis. “If you don’t think there’s inflation and …
Read More »Stock market loses more than $1 trillion in value in February
The S&P 500 has lost well over $1 trillion in market value just three trading days into February. On Monday, the index closed nearly 6.2 percent lower for February. At that level, the benchmark stock index has lost $1.6 trillion in market capitalization since the close on Wednesday, Jan. 31, …
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