The EU ban on uncovered shorts comes into effect on November 1 with some details yet to be finalised. Lex's Stuart Kirk and Nikki Tait discuss the new world for trading and hedging in the eurozone
Hurricane Sandy slammed the US east coast on Monday night, knocking out power for millions, disrupting transportation, and prompting an alert at a nuclear plant. Related Article: http://www.ft.com/intl/cms/s/0/2c8d29a4-21af-11e2-9cb4-00144feabdc0.html
A city synonymous with insomnia is quiet as it braces for the arrival of Hurricane Sandy on Monday.
In the accompanying interview, my colleague Aaron Task and I discuss Facebook's latest earnings report with Sterne Agee analyst Arvind Bhatia who estimates that Facebook could soon make $1 billion in revenue from mobile advertising. Follow The Daily Ticker on Facebook The first of three major "lock-ups" for Facebook stock expired today, October 29th, which means that a lot of new stock is available to be sold when the markets reopen
Follow The Daily Ticker on Facebook! Another month, another blah jobs number . The private sector added 80,000 positions in June and the unemployment rate remained constant at 8.2 percent.
Digital music service Rdio refreshes its platform with a focus on social circles, positions itself to compete with Spotify and Pandora and gears up for international expansion. Forbes' Tomio Geron sits down with Rdio's VP of Product Malthe Sigurdsson for an exclusive interview from SXSW Interactive.
Posted: March 14, 2012 at 1:10 pm China Ming Yang Wind Power Group Ltd. ( NYSE: MY ) has opened a US research and development facility at North Carolina State University’s Centennial Campus. The new R&D center will focus its research on offshore wind turbines “to further enhance energy output and lower the cost of electricity.” China Ming Yang is one of China’s newer and smaller wind power companies, with a market cap of around $242 million.
Last Thursday, following the second in one day GDP forecast tweak lower by Goldman on disappointing Consumer and ISM data, we said "And this, ladies and gents, is ultra high frequency economics, where HFT machines push the market up and down without reason, and where this has an immediate impact on economic indicators, all changed around in real time." Sure enough, today, following the better than expected Services ISM print, Goldman has now revised its GDP tracking number, this time higher, from 1.9% to 2.0%! At this rate GDP will soon become a coincident indicator of nothing more than consumer confidence that record high gas prices are a bullish indicator for consumption. That it is already a coincident indicator to real-time economic data, and merely shows the prevalent confusion within the strategist community, is a given
Residents across six states began the difficult work of rebuilding after violent storms and tornadoes pulverized thousands of homes and killed at least 37 people. Rescue crews were wrapping up searches of the wreckage Sunday, as the governors of the two hardest hit states, Kentucky and Indiana, vowed to help residents get back on their feet.
Residents across six states began the difficult work of rebuilding after violent storms and tornadoes pulverized thousands of homes and killed at least 37 people.