Duke’s Title Run Revives Status as Wall Street’s Favorite Team

Private equity mogul David Rubenstein, co-founder of the Carlyle Group, has found religion in the form of a 6-foot-7, 285-pound basketball wunderkind from Duke. “I’ve generally tried to avoid religious statements in public,” joked Rubenstein, an alumnus of the North Carolina school and former chairman of its board of trustees. “But I am a committed Zionist.” Rubenstein isn’t alone in […]

Read more

Asian Markets In Positive Territory

Asian stock markets are in positive territory on Monday following the gains on Wall Street Friday amid optimism about U.S.-China trade talks as well as indications of more Chinese economic stimulus. China’s Xinhua news agency reported that the U.S. and China have made further “concrete progress” on the text of the trade agreement between the two sides. The Australian market […]

Read more

Wall Street’s Got It All Wrong When It Comes to the U.S. Bond Market

What, exactly, is the bond market telling us? It’s an age-old question on Wall Street, but one that’s gained newfound urgency as the topsy-turvy markets leave everyone wondering where the U.S. economy is headed. Yet to a small but growing number of analysts, academics and former policy makers, the standard answers may not apply. The debate centers around the term […]

Read more

Wall Street Aims For Positive Open

Personal Income and PMI for February will be the major highlight on Friday. Earlier signs from the U.S. Futures Index suggest that Wall Street might open positive. Asian shares finished broadly higher, while European shares are trading up. As of 7.50 am ET, the Dow futures were gaining 188.00 points, the S&P 500 futures were adding 18.00 points and the […]

Read more

Wall Street To Open In Red As Trump-Kim Summit Collapses

The market might be reacting to breakdown of talks between President Donald Trump the North Korean leader Kim Jong-un. The second high level summit of the leaders in Hanoi, Vietnam collapsed as Kim insisted on lifting U.S. sanctions entirely. Initial cues from the U.S. Futures Index suggest that Wall Street might be opening moderately lower. Asian shares finished mostly in […]

Read more
1 2 3 35