Hedge funds. They're supposed to be the best of the best when it comes to stock-picking, or whatever type of trading each one specializes in. They certainly get paid well enough to give rise to such an expectation, not only collecting a fee for their work, but sharing in some of the net profits – if any – they may...
By Keris Lahiff, CNBC Scandal-plagued Goldman Sachs has sunk deep into a bear market. Losses accelerated this month following allegations of financial misdeeds regarding the Malaysian government investment fund 1MDB. Regulatory uncertainty surrounding the scandal prompted Morgan Stanley to downgrade its rating to equal weight. Its stock has dropped 14 percent in November, putting it on track for its worst...
By Keris Lahiff, CNBC Scandal-plagued Goldman Sachs has sunk deep into a bear market. Losses accelerated this month following allegations of financial misdeeds regarding the Malaysian government investment fund 1MDB. Regulatory uncertainty surrounding the scandal prompted Morgan Stanley to downgrade its rating to equal weight. Its stock has dropped 14 percent in November, putting it on track for its worst...
Monday's losses pulled Apple stock back into a bear market. Its decline has wiped more than $220 billion from its market cap in a little more than a month. But the long-term case looks solid, says Oppenheimer's Ari Wald. By Keris Lahiff, CNBC Apple is getting crushed again this week. Monday's losses pulled its stock back into a bear market,...
Monday's losses pulled Apple stock back into a bear market. Its decline has wiped more than $220 billion from its market cap in a little more than a month. But the long-term case looks solid, says Oppenheimer's Ari Wald. By Keris Lahiff, CNBC Apple is getting crushed again this week. Monday's losses pulled its stock back into a bear market,...
The trading week certainly started on the wrong foot, but the bulls didn't let things tumble out of control before stepping back in. The buyers were able to lock in a huge reversal on Thursday, and we got some pretty good follow-through on the effort with Friday's trading. The indices aren't back above the major lines in the sand we...
The trading week certainly started on the wrong foot, but the bulls didn't let things tumble out of control before stepping back in. The buyers were able to lock in a huge reversal on Thursday, and we got some pretty good follow-through on the effort with Friday's trading. The indices aren't back above the major lines in the sand we...
The past month and a half have been miserable ones for oil prices, and by extension, miserable for owns of energy stocks. Crude prices have fallen from a peak near $77 to a low near $56 per barrel – a 27% setback – marking not only a bear market for the commodity, but the biggest/fastest implosion in oil prices since...
The past month and a half have been miserable ones for oil prices, and by extension, miserable for owns of energy stocks. Crude prices have fallen from a peak near $77 to a low near $56 per barrel – a 27% setback – marking not only a bear market for the commodity, but the biggest/fastest implosion in oil prices since...
Ed Yardeni: Optimism is rich and corporate profits and revenue are thinning By Ed Yardeni, MarketWatch The latest earnings season seemed to contribute to the sharp selloff in stocks during October, as some companies reported bullish earnings that were more than offset by bearish guidance about future earnings prospects. Collectively, though, the S&P 500 results through the week ended Nov....
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