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Finance Stories

Does Your Zipcode Influence Your Investment Returns?

Is there a relationship between either trust or the location of a person’s residence and their investments When it comes to the US market, we all know that there are reams of data to prove that the stock market outperforms … Continue reading

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Yum Brands to separate China unit amid activist pressure

By Lisa Baertlein and Sruthi Ramakrishnan (Reuters) – KFC owner Yum Brands Inc (YUM.N) said it plans to spin off its dominant China business, which has been besieged by food scandals and marketing missteps, amid pressure from an activist shareholder … Continue reading

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Ferrari faithful rev IPO price to top of range

By Lauren Hirsch (Reuters) – Ferrari NV (RACE.N) priced its initial public offering at the top of expectations on Tuesday, raising $893 million, as drivers enamored with the luxury sports car maker snapped up its shares alongside institutional investors, defying … Continue reading

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Yahoo signs ad pact with Google; earnings and revenue miss

By Lehar Maan (Reuters) – Yahoo Inc (YHOO.O) said on Tuesday it had signed a search advertising deal with Google Inc, providing a potential boost to Marissa Mayer’s efforts to turn around the company, which also reported revenue and profit … Continue reading

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The new normal for the jobless rate is pretty lame

If some economists are right, it’s going to take a whole lot less progress in the jobs market to get the unemployment rate to keep falling. Anyone following the steady decline in the jobless figure knows that the reasons for … Continue reading

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Has the market priced in an ‘earnings recession’?

When we all have worried for long enough and prices go down, markets get less risky, not more. Greece and China didn’t get “fixed.” Investors just fretted over them enough, and market prices adjusted sufficiently, to make them seem less … Continue reading

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The Smart Money Is Still Betting Against Crude Oil

Crude oil prices have remained relatively calm since their 25 percent late-August spike thanks to U.S. dollar weakness and reduced expectations of Fed rate hikes. As a result, many investors are wondering if the bottom is in for crude oil … Continue reading

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Sonic CEO: McDonald’s all-day breakfast no big deal

The chief of the nation’s largest chain of drive-in restaurants is not sweating McDonald (NYSE: MCD)‘s recent rollout of all-day breakfast. “They are doing breakfast all day, but we’ve been doing all menu all day forever, so this was not … Continue reading

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Deutsche Bank: "This is not an economy that is about to enter recession."

Deutsche Bank’s Torsten Sløk has spotted a ray of sunshine amidst all the doom and gloom about the U.S. economy. According to the the bank’s international economist, there is now a significant “disconnect” between one narrative dominating financial markets, where some … Continue reading

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Halliburton revenue misses on weak drilling in North America

By Sneha Banerjee and Kanika Sikka (Reuters) – Halliburton Co (HAL.N), the world’s No.2 oilfield services provider, reported a bigger-than-expected 36 percent drop in quarterly revenue, hurt by weak drilling and pricing in North America. Halliburton and bigger rival Schlumberger … Continue reading

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