(Bloomberg) — A fund manager who made triple-digit gains by hedging risks in Chinese equities is now turning bullish on mainland shares. Zhao Yuanyuan’s fund at the 500 million yuan ($75 million) Shenzhen Qianhai JianHong Times Asset Management Co. has returned 138% so far in this year’s tumbling market. Her bets on infrastructure, energy producers […]
Read More(Bloomberg) — Investors who are fretting that the Federal Reserve’s campaign to tame inflation is putting pressure on stocks might want to take a closer look at corporate bonds. Money managers will be watching risk premiums across US credit markets next week as levels inch closer to what strategists have pointed to as a warning […]
Read More(Bloomberg) — Amazon.com Inc., stuck with too much warehouse capacity now that the surge in pandemic-era shopping has faded, is looking to sublet at least 10 million square feet of space and could vacate even more by ending leases with landlords, according to people familiar with the situation. The excess capacity includes warehouses in New […]
Read More(Bloomberg) — Seven straight weeks of losses for American stocks and now a narrowly averted collision with a bear market have left Wall Street prognosticators as lost as they were during the coronavirus crash. While this episode may lack the pandemic’s shock, it makes up for it in the sheer number of cross-currents. First and […]
Read MoreBP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. The company holds overriding royalty interest in the Prudhoe Bay oil field located on the North Slope of Alaska. The Prudhoe Bay field extends approximately 12 miles by 27 miles and contains approximately 150,000 gross productive acres. BPT $15.9500 -0.0600 % […]
Read More(Bloomberg) — The world’s richest nation is waking up to an unpleasant and unfamiliar sensation: It’s getting poorer. Americans’ collective net worth had been climbing at a dizzying rate for the past two years, even as families and businesses contended with the ravages of Covid-19. Households piled up an extra $38.5 trillion from early 2020 […]
Read More(Bloomberg) — From Apple Inc. to Tesla Inc., some of the biggest names in the S&P 500 Index are fueling a relentless selloff that briefly pushed the broad equities benchmark into bear market territory on Friday. The S&P 500 fell as much as 2.3%, bringing its decline to more than 20% from its record closing […]
Read More(Bloomberg) — European Central Bank President Christine Lagarde said crypto-currencies are “based on nothing” and should be regulated to steer people away from speculating on them with their life savings. Lagarde told Dutch television that she’s concerned about people “who have no understanding of the risks, who will lose it all and who will be […]
Read More(Bloomberg) — It could only matter to a statistician: the S&P 500’s late-day bounce kept it from closing 20% below its last record, averting the most curmudgeonly definition of a bear market. For now. To Wall Street analysts trying to keep pace, it’s another twist in a baffling year. But for market historians, it can’t […]
Read More(Bloomberg) — Deere & Co. slid the most in 14 years after the world’s largest manufacturer of agricultural equipment was the latest major US company bruised by supply chain snags and rising inflation. Shares fell 14% Friday, erasing a record $15.7 billion in market capitalization after the company posted disappointing quarterly sales and said that […]
Read More(Bloomberg) — It’s been hard to watch, impossible to predict and a nightmare to trade. But has the S&P 500’s slide been an unqualified panic to date? By some measures no, and that might bode poorly for equities in the near term. Even with the US stock benchmark plunging 20% from a record for the […]
Read More(Bloomberg) — Federal Reserve Bank of St. Louis President James Bullard said the central bank should front-load an aggressive series of interest-rate hikes to push rates to 3.5% at year’s end, which if successful would push down inflation and could lead to policy easing in 2023 or 2024. “I have also said we should get […]
Read More(Bloomberg) — A two-year run in stocks that began at the depths of the coronavirus panic and became one of most powerful bull markets on record is on the brink of extinction. The S&P 500 slipped as much as 2% on Friday, pushing it 20% below its record closing high on Jan. 3. The drop […]
Read MoreDynavax Technologies Corporation, a biopharmaceutical company, focuses on developing and commercializing novel vaccines in the United States. The company markets HEPLISAV-B, a hepatitis B vaccine for prevention of infection caused by all known subtypes of hepatitis B virus in age 18 years and older in the United States and Europe. DVAX $10.3300 -0.8500 % -7.6000 […]
Read MorePerma-Pipe International Holdings, Inc. (PPIH) Perma-Pipe International Holdings, Inc., together with its subsidiaries, engineers, designs, manufactures, and sells specialty piping and leak detection systems. It offers provides and jacketed district heating and cooling piping systems for energy distribution from central energy plants to various locations. Northwest Pipe Company (NWPX) Northwest Pipe Company, together with its […]
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