European stocks couldn’t escape the pull of tough news in Asia after a disappointing G-20 meeting of finance ministers sent markets there lower today. In other words, US markets may be wishing that we just kept on leaping...more
Japan’s Sharp Corp.—a 103-year-old company that’s progressed from mechanical pencils (“Ever-SHARP”) to calculators to LCD TVs—has surprised many by agreeing to a $6.24 billion takeover offer from Taiwan’s Foxconn (best known...more
It’s a whole new ballgame for Wall Street traders—and one suspects it’s involving a lot fewer actual ballgames and a lot more algorithms, as the advanced-degree coders and their ETF firms take on the old guard – NYTimes...more
2/23/2016
/ Algorithmic Trading ,
Banking Sector ,
China ,
EU ,
Honeywell International ,
Libor ,
Market Manipulation ,
Online Drug Sales ,
Pharmaceutical Industry ,
UK ,
Yahoo!
2015 was not exactly the year of the hedge fund, and 2016’s starting off with its worst start for the industry since 2008. But if you think that’s keeping managers from starting new portfolios with an eye toward hitting it...more
2/16/2016
/ Algorithmic Trading ,
Banks ,
China ,
Deutsche Bank ,
EU ,
European Central Bank ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Institutions ,
Hedge Funds ,
HSBC ,
Securities and Exchange Commission (SEC)
Day 1 of Dr. Yellen’s trip to the Hill is done, and the official tone is “cautious,” with Yellen predicting continued economic growth and eventual additional rate hikes but expressing concerns about international threats to...more
2/11/2016
/ China ,
Derivatives Clearing Organizations ,
EU ,
Financial Markets ,
Goldman Sachs ,
HSBC ,
Interest Rate Adjustments ,
MetLife ,
RMBS ,
SIFIs ,
Walgreens
Think you need to be in commodities or emerging markets to send ripples of fear through the markets these days? Well how about one of the world’s biggest banks. Because markets aren’t so hot on them right now, either –...more
2/9/2016
/ Commercial Bankruptcy ,
Commodities ,
Department of Labor (DOL) ,
Emerging Markets ,
EU ,
Fiduciary Duty ,
JPMorgan Chase ,
Lehman Brothers ,
MetLife ,
Retirement ,
UK Brexit
The trail-blazing and transcendent David Bowie died this weekend after an 18-month battle with cancer. Incredibly, his reach extended beyond music, cinema, holiday duets, fashion, and stage and into our world of finance, as...more
US stocks followed their global counterparts yesterday on a nasty open to 2016 on Wall Street – NYTimes and WSJ...
Andrew Ross Sorkin makes a byline appearance in Dealbook to discuss “designated lender counsel”—a “rather...more
Welcome back. Let’s get right to it.
With the new year only a few days old, there’s still plenty looking back going on. Here’s some analysis of the monumental year in deals—all $4.7 trillion-worth—that was marked not...more