Wall Street closed lower (SPY -0.3%) on investor non-commental worries about the Fed's rate change tomorrow. Crude prices are battling the $50 resistance, the US dollar is challenging its resistance and gold tests its support. A decline in the consumer discretionary sector.
(Reuters) - Amazon.com Inc reported a 29 percent rise in quarterly revenue on Thursday, boosted by a big jump in sales from its Prime Day annual shopping festival, strong back-to-school shopping and its market-leading cloud services business.
CUPERTINO, Calif. (Reuters) - Apple Inc unveiled a revamped MacBook Pro on Thursday, adding a fingerprint reader, replacing function keys with a small touch screen and raising prices by several hundred dollars.
(Reuters) - Smartphone chipmaker Qualcomm Inc agreed to buy NXP Semiconductors NV for about $38 billion in the biggest-ever deal in the semiconductor industry, making it the leading supplier to the fast-growing automotive chips market.
(Reuters) - U.S. stocks dipped in a choppy session after the latest round of earnings reports, as a decline in the consumer discretionary sector and interest-rates sensitive stocks outweighed gains in healthcare.
(Reuters) - Twitter Inc said Thursday it would cut 9 percent of its global workforce to keep costs down even as quarterly results eclipsed Wall Street's beaten-down expectations, lifting shares that had fallen after a failed effort to sell the company.
DETROIT (Reuters) - Ford Motor Co and General Motors Co have worked all year to convince investors that they are no longer prisoners of the U.S. auto market cycle and have solid plans to fend off challenges from Silicon Valley interlopers.
BRUSSELS (Reuters) - Belgium's regions agreed to a free trade pact with Canada on Thursday, ending weeks of uncertainty when internal divisions in just one country blocked the European Union of 500 million people sealing the landmark deal.
WASHINGTON (Reuters) - The U.S. Senate Judiciary Committee's antitrust subcommittee will hold a hearing on Dec. 7 on the proposed merger of Time Warner Inc and AT&T Inc , and the companies' chief executives will testify, the committee said in a statement.
This election remains more heated than any other in modern history - and for many, it has become a call to arms, even if only metaphorically.
Despite the fact that DNC operatives have been exposed as the ones inciting violence at rallies - Robert Creamer and Scott Foval for example - and working overtime to bus in illegal voters and rig the vote - the media is going out of its way to paint Trump supporters and grassroots Americans as the ones plotting violence.
Most recently, they are latching onto comments made by former congressman Joe Walsh, now a conservative radio host, who suggested he would 'pick up a musket' if Trump loses the election.
On November 8th, I'm voting for Trump.
On November 9th, if Trump loses, I'm grabbing my musket.
— Joe Walsh (@WalshFreedom) October 26, 2016
Did Walsh mean to imply violence? That is certainly how the media is portraying it, as his comments spark controversy and fuel fire to the debate ove ...
One of the best trades of the year (in addition to buying beaten down, pre-bankruptcy coal stocks or our ongoing favorite trade, going long a basket of the most shorted names), was buying up distressed energy debt at the start of the year, when fears of mass defaults and liquidity events pushed debt prices to historical low levels. Some, like Oaktree, bought all they could. However, having ridden the wave higher, those same bottom-pickers are now calling the top.
Case in point, KKR is now selling distressed debt that it bought earlier this year, including in the energy sector, as the assets have appreciated more quickly than expected, credit co-head Nat Zilkha said in an interview with Bloomberg's Erik Schatzker.
"We are in a very significant monetization cycle, particularly in more of the distressed investments that we made," said Nat Zilkha, who oversees the 40-year-old firm's credit investments, adding that "we got involved in some situations in energy and coal and other commodities earlier in the year, and those have played out quite well -- frankly faster than we thought."
Well, nothing like having jawboning central banks and jawboning OPEC eager to help out the thesis.
High-yield debt in the energy sector has rallied 65 percent since its Feb. 11 trough this year, according to the Bloomberg Barclays High Yield Energy Index, as commodities prices have risen. West Texas Intermediate crude has advanced90 percent to almost $50 a barrel since its February low this year.
So now that KKR is taking profits in distressed energy where is the financial conglomerate looking next? Zilkha - who helps overse ...
Tesla Motors' third-quarter results aren't as strong as they seem. The key question for the stock remains whether Tesla can deliver its Model 3 sedan on time and on budget. The stock's sky-high valuation leaves precious little room for a slipup.
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