Archive US: Trading

  • NEW YORK/ LONDON, Sept 26- Gold steadied on Monday, after a retreat in the dollar helped it build on last week's gains but moves were muted with markets awaiting a U.S. presidential debate for pointers as to the outcome of November's election. Spot gold was at $1,337.40 an ounce by 2:57 p.m. EDT, up 0.01 percent, while U.S. gold futures for December delivery settled up...

  • Sept 26- Wall Street fell on Monday as investors hunkered down for the first U.S. presidential debate between candidates Hillary Clinton and Donald Trump. "Wall Street favors Hillary at this point because she is a known commodity. "But I don't think it's too late for Wall Street to warm up to Trump."

  • *Iran downplays chance of output freeze, some in OPEC hopeful. Key OPEC member Iran, the fourth largest crude exporter which is still trying to recapture output before Western sanctions in 2012, downplayed the chances of a deal while some OPEC members remained hopeful. Implied volatility, a gauge of how much oil prices move, was at its highest since April 18, when...

  • Demand for cruises weakened in August, one of the busiest booking months of the year, amid concerns of the spread of the Zika virus in the Caribbean and geopolitical events in Europe, Morgan Stanley analyst Jamie Rollo said in a pre-earnings note. It's just not at the rapid rate that we had in some of the previous quarters, "CEO Arnold Donald said on an earnings call.

  • *Oil prices climb on hopes of OPEC production freeze. NEW YORK, Sept 26- Stock prices around the world fell on Monday ahead of the first U.S. presidential debate between Hillary Clinton and Donald Trump, while oil prices rose in advance of an informal OPEC meeting in Algeria on hopes for an output cut. Deutsche Bank shares hit a record low on worries about Germany's...

  • One trader’s plan to triple his money on gold

    Trader Todd Gordon thinks gold is headed to break through its current range, and he plans to capitalize on the potential gain.

  • Its shares fell 1.5 percent to $33.75 in morning trading, amid a 1 percent decline in the ARCA Pharmaceutical Index of large drugmakers. The move follows the collapse of Pfizer's planned $160 billion acquisition of Irish drugmaker Allergan Inc after a change in U.S. law negated the tax benefits for companies moving corporate headquarters to overseas locales...

  • *Iran downplays chance of output freeze, some in OPEC hopeful. Key OPEC member Iran, the fourth largest crude exporter which is still trying to recapture output before Western sanctions in 2012, downplayed the chances of a deal while some OPEC members remained hopeful. Implied volatility, a gauge of how much oil prices move, was at its highest since April 18, when...

  • CHICAGO— Grain futures were lower Monday in early trading on the Chicago Board of Trade. Wheat for December delivery was 7 cents lower at $3.9760 a bushel; December corn was 3.50 cents lower at $3.33 bushel; December oats was 1.50 cents lower at $1.7540 a bushel; while November soybeans lost 2.50 cents to $9.5220 a bushel. October live cattle was 1.05 cents lower at...

  • *Oil prices climb on hopes of OPEC production freeze. NEW YORK, Sept 26- Stock prices around the world declined on Monday ahead of the first U.S. presidential debate between Hillary Clinton and Donald Trump, while oil prices rose in advance of an informal OPEC meeting in Algeria on hopes for an output cut. The debates might increase the lead of one over the other and...

  • Sept 26- Wall Street was lower on Monday as Pfizer weighed on health stocks and Deutsche Bank on financials. Deutsche Bank's U.S.-listed shares fell 6 percent to a record low of $11.96, and dragged on big Wall Street banks, after a German magazine said Chancellor Angela Merkel has ruled out state assistance for the lender. The bank said it had no need for German...

  • Deutsche Bank's U.S.-listed shares slumped 7 percent Monday after a report that the German government won't intervene with U.S. officials who are pressing the bank to pay $14 billion in fees over mortgage securities. Drugmakers also fell after Pfizer said wouldn't split up into two companies, as many had hoped. Goldman Sachs slumped 2 percent, the biggest drop...

  • NEW YORK— Chemtura's stock is up more than 17 percent in premarket trading after the specialty chemicals company agreed to a $2.5 billion acquisition offer from Germany's Lanxess. Chemtura shareholders will receive $33.50 per share in cash for each share they own. Lanxess Chairman and CEO Matthias Zachert said that the acquisition diversifies its business...

  • Deutsche Bank plunged as investors worried about the financial health of Germany's largest bank. Pfizer pulled drugmakers down after it announced it won't break up into two companies. European banks tumbled after the German magazine Focus said Deutsche Bank won't get a government bailout if it asks for one.

  • Sept 23- Wall Street retreated on Friday as lower oil prices weighed on energy shares and Facebook and Apple declined, but major indexes still posted gains for the week. Oil prices tumbled 4 percent on signs Saudi Arabia and Iran were making little progress on a bilateral agreement ahead of talks by crude exporters aimed at freezing production.

  • CHICAGO, Sept 23- Shares of Caesars Entertainment Corp slid on Friday as creditors thrashed out the terms of a sweetened $5 billion deal that could finally extract the casino company from a costly bankruptcy. The company's main operating unit, Caesars Entertainment Operating Corp Inc, or CEOC, filed for bankruptcy in January 2015. The latest offer from Caesars...

  • Investing playbook for the presidential debate

    How might the first presidential debate affect the market? Nicholas Colas of Convergex and Max Wolff of Manhattan Venture Partners discuss with Seema Mody..

  • Goldman’s bold healthcare call

    Are healthcare stocks set to have a volatile October? Nicholas Colas of Convergex and Max Wolff of Manhattan Venture Partners discuss with Seema Mody.

  • Where did the fear go?

    Volatility expectations have slid recently. Nicholas Colas of Convergex and Max Wolff of Manhattan Venture Partners discuss with Seema Mody.

  • SAN FRANCISCO, Sept 23- Who becomes the next U.S. president will be a primary focus for Wall Street next week and beyond, starting on Monday with the first debate between candidates Hillary Clinton and Donald Trump. While the White House race has so far had little discernible effect on the market, that may soon change as polls show a tightening race.