Market News

The Fed told everyone what they expected to hear – assuming everything continues along as it has been going along they raise rates in December. To the economy, a 25 basis point rate hike is only truly meaningful for those dependent on earning interest on their savings. On the debit [...]

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Bill Ackman (Trades, Portfolio)’s Pershing Square returns slumped lower for the third straight month in October as stock prices of most of the holdings in his concentrated portfolio descended. The slide of the past two years has more than wiped out the 40 percent gain the investor returned for clients in [...]

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Globalization is on the ropes. Both US presidential candidates now oppose the Trans-Pacific Partnership. Britain has just voted itself out of the European Union. The tiny Belgian region of Wallonia nearly killed a deal between the EU and Canada. Global trade volumes are down for the first half of 2016 [...]

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Investors do not like the sound of "aggressive" spending or "meaningfully" slower advertising revenue growth.

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Call it the pumpkin spice bump: Starbucks' third quarter sales came up short of expectations, but its fourth quarter financial results capped fiscal 2016 off on a high note, posting revenue that managed to grow 16% over sales recorded during the same time in 2015.

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Recently released WikiLeaks emails show the Clinton campaign breaking from President Obama on Alaska Arctic oil drilling. The leaked emails came from September 28, 2015, the day oil major Royal Dutch Shell announced that it would abandon its $7 billion drilling plans offshore Alaska.

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Saudi Arabia's powerful former oil minister, Ali al-Naimi, has released a new memoir, with a behind the scenes look at decades of Saudi oil and energy policy, including the now some-what infamous decision in November 2014 to actually ramp up oil production just as global oil markets were being saturated with supply - a decision that is still roiling markets.

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What investors should watch the week of November 7-11.

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South Korea's stock market surged this year despite corporate snafus and recent soap opera-like political turmoil. South Hyundai Motor’s third-quarter profits fell to a seven-year low after workers went on strike. Samsung is expected to take a $5 billion hit from a massive recall of explosive Galaxy Note 7 phones. [...]

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Stocks again tried to rally on Friday but as was the case for the previous eight days the S&P 500 did close lower. That has only happened 14 times since 1928 so what is likely to occur next?

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