News Stories

  • Stock markets rise on hopes of Greece deal

      Stock markets have risen on the hope that a deal may finally be agreed between Greece and its creditors, after Athens submitted fresh proposals to try and avoid defaulting on its debts. Paris and Frankfurt markets were up 3.3%, while London’s FTSE 100 was 1.4% higher. Japan’s Nikkei closed up 1.3%. Greek PM Alexis

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  • Fitbit opens 52% higher in market debut

      Shares of Fitbit opened 52 percent above their IPO price on Thursday, putting it on track to rank among the top 10 stock market debuts of the year. The stock opened on the New York Stock Exchange at $30.40. More than 40 million shares of Fitbit had traded by early afternoon EDT, with shares

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  • Stocks rise, rates decline as Yellen stays the course

    Stocks rallied and Treasury yields declined as Janet Yellen maintained a dovish outlook in her press conference, emphasizing that even if the Fed raises rates it will be “gradual.” The Fed statement was almost a carbon copy of the April 29 statement. The only change came in the first paragraph on the economic outlook. The

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  • Hedge fund spending $70M for these tech stock ideas

    Plans by Coatue Management to spend $70 million on research this year has so far yielded three themes for long-term investing in technology. Philippe Laffont’s hedge fund firm wrote in a letter to clients of its long-only fund—it does not short, or bet against, stocks—that it sees opportunities in three major areas: Companies with big

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  • The love affair with restaurant stocks continues

    The love affair with restaurants continues. Fast casual chicken restaurant Wingstop priced 5.8 million shares at $19 in its initial public offering (IPO), a significant rise over the initial price talk of $12 to $14, which was then raised to $16 to $18. It’s only the latest in a long string of IPO successes for

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  • Retail stock investors having a tough year

      May retail sales rose 1.2 percent, roughly in line with expectations. Auto sales were especially strong, up 2 percent. But the rebound was bigger than that. May retail sales Building/garden: up 2.1% Clothing stores: up 1.5% Online stores: up 1.4% Dept. stores: up 0.8% Furniture: up 0.8% It looks like the consumer is a

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  • RBI, Sebi better than peers in China, US, reveals study

      India’s financial market regulatory framework on Thursday got the top-most ratings from the global bodies of banking and capital market regulators, with RBI andSebi being rated better than their peers in China and the US. In the latest global ‘assessment study’ of the regulatory framework for financial mar ket infrastructures across the world, only

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