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Hedge Funds Are Uber-Bearish On The British Pound
Monday, August 15, 2016 - 2:45pm | 246Read More...The British pound was trading at $1.2872 Monday afternoon and is within striking distance of its post-Brexit and multi-decade lows of $1.2798. According to Market Watch, bearish bets by speculators against the currency currently stands at an all-time high. The publication, citing data from the...
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The Bank Of England Is Expected To Cut Interest Rates On 'Super Thursday'
Wednesday, August 3, 2016 - 12:26pm | 296Read More...The Bank of England will gather on Thursday and experts predict the central bank will implement its first interest rate reduction in seven years. The country's central bank gathered in July and held off on raising interest rates at the time. Since then, the central bank said it needs to see...
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Wells Fargo's Hateful 8: Shares Are Down 8 Sessions In A Row, Worst Streak In 8 Years
Friday, June 17, 2016 - 9:11am | 247Read More...Wells Fargo & Co (NYSE: WFC)'s stock has lost more than 13 percent since the start of 2016 and nearly 18 percent over the past year. The stock's performance is underperforming some of its peers and also the commonly benchmarked financial index ETF, the Financial Select Sector SPDR Fund (NYSE:...
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What's Happening To Europe's Banks?
Wednesday, February 17, 2016 - 10:39am | 481Read More...2016 was supposed to be the year of the banks. As investors counted down the final moments of 2015, they looked hopefully toward the banking sector as economic recovery, rising inflation and improving bond yields were seen benefitting the industry. However, those hopes were quickly dashed, as...
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KaloBios Files For Bankruptcy
Wednesday, December 30, 2015 - 9:56am | 183Read More...Shares of KaloBios Pharmaceuticals Inc (NASDAQ: KBIO) have been halted since the company's controversial CEO Martin Shkreli was arrested on fraud charges on December 17. KaloBios has since fired Shkreli and on Monday appealed a decision by the Nasdaq exchange to delist its shares. In the...
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Toyota Production Reaches 200 Million Units Despite Recalls
Tuesday, July 24, 2012 - 8:58am | 548Read More...At a time when customers would likely be questioning their loyalty and trust in an automaker that continuously recalls its vehicles, Toyota (NYSE: TM) has still managed to sell an incredible amount of vehicles with June 2012 marking the company's 200 million produced vehicles. The foreign car...
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Limited Brands Hogs the Spotlight Throughout June
Thursday, July 5, 2012 - 8:32am | 586Read More...Major retailers reported same store sales (SSS) for the month of June this morning, with Limited Brands (NYSE: LTD) blowing the competition away and gaining a leg-up on the months to come. The company experienced a 7 percent increase this time around, with others such as The Wet Seal (NASDAQ: WTSLA...
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Nokia Cuts 10,000 Jobs
Thursday, June 14, 2012 - 8:31am | 474Read More...In an effort to stay afloat during troubling times, Nokia (NYSE: NOK) has decided to not only cut 10,000 more employees from its workforce, but will soon undergo a managerial restructuring following yet another earnings cut. Turmoil is nothing new for the telecommunications company as of late, as...
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Michael Kors Struts Lavish Earnings
Tuesday, June 12, 2012 - 8:33am | 387Read More...On Tuesday morning, Michael Kors (NYSE: KORS) announced fiscal results that left investors applauding and increased confidence in the global brand. In perhaps the biggest accomplishment the luxury designer achieved, total revenue rose 58.3 percent from $240 million to $380 million, with retail...
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Southern Households Love What Conn's Has to Offer
Monday, June 4, 2012 - 8:07am | 488Read More...Popular holding company Conn's, Inc. (NASDAQ: CONN) reported first quarter results this morning that solidified the company's need to not only please its customers, but analysts as well. The specialty retailer of electronics, furniture, mattresses and more boasted a same store sales increase of 17....
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Sanderson Farms Squawks Tasty Earnings
Tuesday, May 29, 2012 - 11:43am | 381Read More...Poultry-processor Sanderson Farms (NASDAQ: SAFM) has given the meat-eating world something to chew on as the company's second quarter earnings were more than applaud-worthy. In not so great news for feathered friends, the chicken industry is on the up and up, quickly becoming the most significant...
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It's Good to be a "Tommy"; PVH and Oxford Boast Astonishing Results
Wednesday, March 28, 2012 - 11:12am | 610Read More...PVH (NYSE: PVH), a company known for its famous acquisitions throughout North America, Europe and Asia, has astounded the analysts again with impressive 4QFY12 results. Positioning itself as a core holding for several investors long ago, PVH announced that its revenues increased a whopping 10% to...
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Hugging the Consumer Just Right; Hanes Goes Green, Warnaco Expands
Tuesday, March 27, 2012 - 10:37am | 655Read More...Undergarments, a longtime necessity for the American consumer, have become a powerful force of their own in the merchandising world. Retailers such as Hanesbrands (NYSE: HBI) and Warnaco Group (NYSE: WRC) have largely dedicated part of their sales, marketing and advertising towards intimate apparel...
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China Favors European Debt Over US
Tuesday, June 21, 2011 - 11:22am | 586Read More...Apparently, China is more confident in Europe than the United States, with regards to respective debt situations. For the first four months of 2011, China appears to have purchased more European debt than U.S. dollar assets, according to Market Watch. Is China more concerned with the fiscal...
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Should Papandreou's Government Fall, Traders Might Anticipate Massive Sell-Off
Tuesday, June 21, 2011 - 10:13am | 510Read More...Papandreou's government is expected to survive a vote of no-confidence on Tuesday, Market Watch reports. What would happen if the vote failed? The market appears to have already priced in a positive outcome. The Athens General Index moved nearly 4% higher on Tuesday, as other European markets held...
