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Stocks News

Tesla's sinking stock has made short sellers almost $1 billion

-Short sellers betting on a decline in Tesla's stock have made almost $1 billion in the fourth quarter. -Tesla's recent stock woes stem from a bottleneck hurting production on its hotly anticipated Model 3 vehicle.

JPMorgan investment chief: 'Market correction will be painful'

Daniel Pinto, the head of JPMorgan Chase's dominant investment bank, told research analysts from Keefe, Bruyette, & Woods that the markets are too complacent right now, and we could be in store for a painful correction.

Japan's Kobe Steel scandal spreads, 500 firms affected

Toukyo - Japan's Kobe Steel admitted Friday that a snowballing falsified data scandal had affected around 500 customers, more than twice as many as initially thought.

Iceland PM sold assets before 2008 crisis: reports

Reykjav - Iceland's Prime Minister Bjarni Benediktsson allegedly sold almost all of his assets in a major bank just before the government nationalised it during the nation's 2008 financial collapse, according to several media reports on Friday.

Equifax is getting crushed

Equifax has already plunged 18 percent since it announced last week that hackers may have the personal details of nearly half the US population. Options traders are betting that this is only the start.

Japan aims to raise $12 bn in postal giant share sale

Toukyo - Japanese said Monday it would sell off another chunk of the country's massive postal service in a share sale that could raise up to $12 billion.

FedEx unit TNT 'significantly affected' by virus

New York - Shipping giant FedEx said Wednesday that deliveries were slowed at its Dutch unit TNT Express after the firm was hit by the latest major computer virus attack.

Leading US-based index to include Chinese stocks for 1st time

New York - Chinese stocks will be included for the first time in a leading US-based index of emerging market shares after three previous rejections, New York-based MSCI announced Tuesday.

US Senate confirms Jay Clayton as new SEC chief

Washington - The US Senate confirmed attorney Jay Clayton as the new head of the Securities and Exchange Commission tasked with regulating Wall Street and America's financial sector.

Ex-fugitive Israeli fraudster sentenced to 30 months

Washington - Former Israeli fugitive Jacob "Kobi" Alexander was finally sentenced to prison for securities fraud dating from the last century, ending a decade-long saga, the US Department of Justice announced Thursday.

Norway eyes curb on sovereign fund withdrawals

Oslo - Norway on Thursday proposed to curb the amount of money it can withdraw from its sovereign wealth fund, the largest in the world, amid lower expected returns. The minority rightwing government also recommended that the fund, worth 7.

China billionaire-linked stocks plunge in Shanghai

Stocks linked to missing Chinese billionaire Xiao Jianhua tumbled Friday as investors ignored a statement saying business at his vast empire was “normal” following reports of his abduction by security agents.

China billionaire-linked stocks plunge in Shanghai

Stocks linked to missing Chinese billionaire Xiao Jianhua tumbled Friday as investors ignored a statement saying business at his vast empire was “normal” following reports of his abduction by security agents.

China billionaire-linked stocks plunge in Shanghai

Stocks linked to missing Chinese billionaire Xiao Jianhua tumbled Friday as investors ignored a statement saying business at his vast empire was “normal” following reports of his abduction by security agents.

App to send alerts when Donald Trump tweets about stocks you own

When President-elect Donald Trump tweets about a public company, the market listens. And if you hold the stock of one of the companies that has come into Trump's crosshairs, finance app Trigger thinks you'll want to know about it.

Asian markets slip as investors take step back

Hong Kong - Asian stocks turned negative Friday and oil prices retreated along with the dollar as investors took a step back from a recent rally, while caution set in ahead of a crunch referendum in Italy at the weekend.

'Trump wins big' China firm sees stock surge

Bejing - A Chinese company whose name sounds like "Trump wins big" saw its stock surge Wednesday as the Republican candidate's odds improved in the US presidential poll.

Samsung shares plunge 8.0 percent on Note 7 woes

Seoul - Samsung's share price plunged 8.0 percent by the close of trade Tuesday on the back of a decision to halt sales and exchanges of the company's troubled Galaxy Note 7 smartphone.The share price ended the day at 1.

Disney is thinking about bidding on Twitter

Disney is weighing a bid on Twitter, according to a new report from Bloomberg's Alex Sherman and Sarah Frier. Twitter's stock rebounded on the news after being down nearly four percent during early trading. Disney's stock is down 1.6 percent.

Asian markets sink as Fed rate talk brews

Hong Kong - Asian stocks tumbled Monday, extending last week's global sell-off as comments from top central bankers rang alarm bells on trading floors that the days of cheap money could be numbered.

Nintendo soars more than 16%, extends Pokemon game rally

Toukyo - Nintendo skyrocketed in Tokyo on Thursday as its new smartphone game Pokemon Go picks up legions of fans globally, and investors cheer the firm's move into mobile gaming.

Asia markets extend gains but Britain EU vote shreds nerves

Hong Kong - Asian markets edged up Tuesday but dealers remained cautious as the optimism over Britain's EU membership that drove a global rally faded, with the knife-edge referendum just days away.

Fuel-cheating scandal wipes $2.5 bn off Mitsubishi stock

Toukyo - Mitsubishi Motors shares nosedived again Thursday as panic selling wiped about $2.5 billion off the automaker's market value in response to its shock admission that it cheated on fuel-efficiency tests.

Fuel-cheating scandal wipes $2.5 bn off Mitsubishi stock

Toukyo - Mitsubishi Motors shares nosedived again Thursday as panic selling wiped about $2.5 billion off the automaker's market value in response to its shock admission that it cheated on fuel-efficiency tests.

Fuel-cheating scandal wipes $2.5 bn off Mitsubishi stock

Toukyo - Mitsubishi Motors shares nosedived again Thursday as panic selling wiped about $2.5 billion off the automaker's market value in response to its shock admission that it cheated on fuel-efficiency tests.

Stock trading 101: Listening to the market

Late last year American DJ and composer, Jace Clayton, used an unconventional source for his musical inspiration: stock charts.

Asian share rally runs out of steam as oil falls again

Hong Kong - Asia's share rally stalled Tuesday, as a boost from Wall Street was overshadowed by renewed weakness in the price of oil.

At Syria stock exchange, investors dream of post-war rally

Damascus - Mohammed al-Harki is one of the few investors who bother to show up anymore at the Damascus stock exchange, waiting for a rally in share prices that have withered after nearly five years of war.

VW stocks close 4.32% down on widening pollution scandal

Berlin - Stocks in Volkswagen ends the week 4.32 percent down, as a scandal that erupted a week ago over devices fitted by the carmaker to cheat emissions tests widened with probes worldwide.The share closed at 107.

BMW shares down nearly 10% on report of excessive diesel emissions

Frankfurt - Shares in the top-of-the-range carmaker BMW fell nearly 10 percent on the Frankfurt stock exchange on Thursday on a newspaper report that one of its diesel models exceeded EU emission norms.
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Traders work on the floor of the New York Stock Exchange
Traders work on the floor of the New York Stock Exchange
With the permission by Reuters / Brendan McDermid
Trigger sends alerts to users when Trump tweets about their stocks
Trigger sends alerts to users when Trump tweets about their stocks
Trigger
Both the Pound and stocks rose on the New York Stock Exchange on news the British goverment's B...
Both the Pound and stocks rose on the New York Stock Exchange on news the British goverment's Brexit plan would first need to get parliamentary approval
Spencer Platt, Getty/AFP/File
Hong Kong gave up early gains to close 0.45 percent lower in late trade on September 4  2015
Hong Kong gave up early gains to close 0.45 percent lower in late trade on September 4, 2015
Philippe Lopez, AFP/File

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