General Electric Co. shares plummeted after two Wall Street analysts sounded more alarm bells around the company’s liquidity, and a report said former General Electric employees were being questioned by federal investigators about its troubled insurance business. Deutsche Bank slashed its GE price target to $7 a share on Friday, saying revenue for the conglomerate’s […]
Main street investors who have purchased FANG or other technology related structured notes face a stark reality check. With banks selling $2 billion of structured products linked to one or more of the now-struggling FANG members this year alone, investors are getting schooled on the risks lurking in complex debt securities — even those laden […]
On November 20, 2018, an article in the New York Times (“The Tech Stock Fall Lost These 5 Companies $800 Billion in Market Value”) noted that “Wall Street’s turn against big tech is adding up” and that “as investors have dumped shares of Facebook, Amazon, Apple, Netflix, and Google-parent Alphabet, $822 billion in value has […]
Oil markets are entering an unprecedented period of uncertainty due to geopolitical instability and a fragile global economy, the head of the International Energy Agency (“IEA”) said on Tuesday. The IEA was founded in 1974 to help countries co-ordinate a collective response to major disruptions in the supply of oil. The IEA examines energy issues […]
Stocks veered into deep early losses Tuesday, as leading tech stocks plummeted and the Dow Jones industrial average cut deep below the 25,000 mark. The Dow Jones industrial average undercut its 50-day line of support on Monday, ending the session flush at the 25,000 mark. A slip below that mark would leave the index ready […]