Back News Tuesday, May 30, 2017
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9m The New York Post: Pissed off artist adds statue of urinating dog next to ‘Fearless Girl’
Market Watch
Sculptor Alex Gardega — seething over the ‘Fearless Girl’ statue placed across from Wall Street’s Charging Bull — has decided to retaliate with a work of his own, a pooch that takes direct aim at the girl’s left leg.
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Financial News Online

Currencies in USD
GBP 1,29 +0,078%
EUR 1,12 -0,089%
CHF 1,03 -0,195%
11m Updated Market Extra: The bill for British Airways’s IT carnage? $111 million, Citi estimates
Market Watch
A global IT glitch at British Airways sparked chaos and frustrations among thousands of passengers over the weekend, and that can end up as a costly affair for the airline.
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13m Currencies: Dollar slips as euro, pound rebound from political-driven losses
Market Watch
The dollar drops slightly on Tuesday, as the pound and euro rebounded after recent losses driven by political uncertainty in Italy, Greece and the U.K.
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19m Greece denies report it may opt out of receiving more bailout money
Reuters
ATHENS (Reuters) - Greece on Tuesday denied a German newspaper report it could opt out of receiving bailout loans needed to make a July debt repayment if its lenders fail to offer clear debt relief terms to the crisis-hit country despite it having passed more reforms.
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21m Europe feels the heat as political temperatures rise
Reuters
LONDON (Reuters) - European shares fell for a fourth day running on Tuesday and the euro was battling to avoid a similar fate, as the prospect of early Italian elections and Greece's ongoing struggles nudged up the political temperature gauge again.
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23m British Airways says IT systems running again after weekend outage
Reuters
LONDON (Reuters) - British Airways said it expected to deliver a full schedule of flights from London's Heathrow and Gatwick airports on Tuesday after its computer network recovered from an outage which left 75,000 passengers stranded over the weekend.
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32m Updated Europe Markets: European stocks head for 4th straight loss as banks suffer from Italian jitters
Market Watch
European stocks drop almost across the board on Tuesday, with banks leading the charge lower after a broker downgrade and concerns over a potential early election in Italy.
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40m Updated Economic Preview: The economy seems frozen in time, but underneath the ice the water is warming
Market Watch
A new pro-business president, record stock-market prices and the highest level of consumer confidence in years shows a lot has changed for the U.S. economy in 2017. But one thing hasn’t: growth is still pedestrian. Another healthy increase in hiring in May won’t change that.
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48m Updated Oil slips on oversupply worries despite OPEC deal
Reuters
LONDON (Reuters) - Oil prices fell on Tuesday, pressured by concerns that production cuts by the world's big exporters may not be enough to drain a global glut that has depressed the market for almost three years.
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52m Key Words: Texas lawmaker threatens to ‘put a bullet in the head’ of colleague as immigration scuffle breaks out
Market Watch
A scuffle broke out in the Texas House Monday over a noisy protest against the state’s clampdown on “sanctuary cities,” media reports said, ending in a threat by one state representative to shoot another.
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You could make a lot of money with these jobs55m You could make a lot of money with these jobs
USA Today
A recent survey finds data-related jobs among the highest paying in the country.
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1h Market Snapshot: U.S. stock futures hold steady, amid buzz that the bull market is back
Market Watch
U.S. stock futures on Tuesday point to little change at the open, as analysts say last week’s record-setting advance means the market’s bull run is back.
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1h 1m Updated New Russian jet heralds carbon manufacturing shake-up
Reuters
PARIS (Reuters) - Russia's new jetliner, which conducted its maiden flight on Sunday, may have a hard time challenging the sales duopoly of Boeing and Airbus, but it does point the way to radical changes in how they could be building jets in the future.
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1h 32m Skyrocketing bitcoin is more than just an investment — it could help the world, says investor
CNBC
Bitcoin is an attractive investment, but it is also a potential solution to easing a strained global financial system, according to a top money manager.
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1h 40m Singapore fines Credit Suisse, UOB over 1MDB-linked dealings, wraps up review
Reuters
SINGAPORE/ZURICH (Reuters) - Singapore's central bank has fined Credit Suisse and United Overseas Bank (UOB) a total of S$1.6 million ($1.2 million) for breaching anti-money laundering rules in transactions related to Malaysia's scandal-ridden state fund 1MDB.
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1h 46m Outside the Box: This stock market is priced to sell
Market Watch
Fear of missing out on the rally could cost you plenty, writes Vitaliy N. Katsenelson.
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1h 46m Deep Dive: This money manager sees no end in sight for bull market
Market Watch
Hank Smith of Haverton Trust expects good times to continue for stock investors, but with lower returns.
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1h 47m Outside the Box: How globalization sunk many Americans deeper in debt
Market Watch
Free trade has been a double-edged sword for the U.S., writes Erik Loualiche.
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1h 49m FA Center: Financial advice is more about trust than money
Market Watch
Investors need to know what they’re paying for and why, writes Greg Mech.
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1h 49m Outside the Box: Fed’s Kashkari is wrong about the housing bubble
Market Watch
Market tops are apparent to anyone willing to see them, writes John Coumarianos.
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1h 55m Mark Hulbert: What sluggish summer trading volume means for stocks
Market Watch
Does volume follow price, or vice versa? Or neither?
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2h Why many Americans are worried about buying a home
Market Watch
Americans are losing confidence in the housing market. Here are ways to protect yourself.
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2h How one entrepreneur tapped into an ‘unhip’ customer base
Market Watch
The owner of an electric bike company used several strategies that appealed to an older demographic.
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2h Get your student loans forgiven with one of these 6 high-paying careers
Market Watch
If you work in one of these high-paying careers, you could get some or all of your student loans forgiven.
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2h The most and least productive cities in the U.S.
Market Watch
Why some cities are so much more productive than others.
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2h Futures Movers: Crude oil falls, building on recent losses as traders return from holiday
Market Watch
Oil prices fall Tuesday, extending their recent drop that came as OPEC stopped short of taking more aggressive steps to cut production.
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2h London Markets: British Airways parent’s stock drop helps pull FTSE 100 lower
Market Watch
U.K. stocks return from the long bank holiday week with sharp losses, led lower in part by International Consolidated Airlines Group SA after a major IT glitch at British Airways.
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2h Shares in BA-owner IAG fall after IT cancellation chaos
Reuters
LONDON (Reuters) - Shares in British Airways owner IAG fell over 4 percent in early trading on Tuesday after a huge IT failure left 75,000 passengers stranded over the holiday weekend, dealing a major blow to its reputation.
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3h Updated Start of U.S. driving season supports oil, but oversupply worries fester
Reuters
SINGAPORE (Reuters) - The start of the American summer driving season supported U.S. crude prices on Tuesday, but persistent concerns about oversupply continued to fester.
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3h Dollar, yen gain as European political nerves weigh
Reuters
LONDON (Reuters) - A new round of political worries over Greece, Italy and Britain had European currencies on the retreat against the dollar on Tuesday, the resulting bleaker mood on stock markets also pushing the yen broadly higher.
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3h Novartis has assets to sell, investors wary of what it might buy
Reuters
ZURICH (Reuters) - As Novartis considers asset sales that could raise $50 billion, investors are worried any cash raised may give the Swiss drugmaker firepower for another unsuccessful megadeal.
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3h Shares in BA-owner IAG fall 4 percent after weekend chaos
Reuters
LONDON (Reuters) - Shares in British Airways owner IAG fell more than 4 percent on Tuesday after a huge IT failure grounded hundreds of flights over the holiday weekend, leaving 75,000 passengers stranded and dealing a major blow to its reputation.
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4h The New York Post: Manuel Noriega, former dictator of Panama, dead at 83
Market Watch
Former Panamanian strongman Manuel Noriega, a one-time U.S. ally who became a bitter enemy, died Monday after a battle with cancer. He was 83.
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4h Strong start to U.S. driving season supports oil, but oversupply worries fester
Reuters
SINGAPORE (Reuters) - A strong start to the summer driving season in the United States supported U.S. crude prices on Tuesday, but persistent concerns about oversupply continued to fester.
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4h Greece, Italy uncertainties dent euro, Asian stocks, lift yen
Reuters
SINGAPORE (Reuters) - Concerns about situations involving Greece, Italy and the European Central Bank kept the euro under pressure on Tuesday.
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4h Updated Lingerie maker Nubian Skin brings nuance to the underwear color ‘nude’
Market Watch
In a short amount of time, Nubian Skin has landed big name clients including superstar Beyoncé, affirming owner Ade Hassan’s vision of making hosiery and lingerie for women with darker skin tones.
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4h Updated Chipotle’s data breach: How to tell if you may have been a victim
Market Watch
Chipotle updates on the data breach at some of its restaurants in the spring, giving dates and locations of restaurants affected.
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5h Asia Markets: Nikkei eases as nervous investors push yen higher
Market Watch
Uncertainty in the market was being fueled by reports of problems with the Greek bailout package, as well as British polls suggesting Prime Minister Theresa May’s Conservative Party has less of a lead over the rival Labour Party than expected.
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6h Updated Dollar firms against sterling, euro amid political uncertainties
Reuters
TOKYO (Reuters) - The dollar firmed against a basket of currencies on Tuesday as the euro and sterling were pressured by political uncertainties in the UK and eurozone, even as it surrendered ground against the perceived safe-haven yen.
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6h Updated Greece, Italy tensions hit euro, Asian stocks, lift yen, gold
Reuters
SINGAPORE (Reuters) - Concerns about a Greek bailout, early Italian elections and comments by the European Central Bank chief about the need for continued stimulus all kept the euro under pressure on Tuesday.
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7h Updated This bank is betting that boat racing will bring in the millennial customers
CNBC
Singapore-based bank DBS is hoping an aquatic event can help it ride the millennial wave.
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7h Oil dips as ongoing glut outweighs strong start to summer driving
Reuters
SINGAPORE (Reuters) - A run by U.S. oil prices toward $50 a barrel ran out of steam on Tuesday as persistent concerns of oversupply outweighed signs of a strong start to the American summer driving season.
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8h Singapore slaps fines on Credit Suisse and UOB in money laundering probe of Malaysian development fund
CNBC
Singapore's central bank on Tuesday said it has fined Credit Suisse and UOB for 1MDB-related breaches.
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9h Why U.S. Natural Gas Demand Is Closer to Tipping the Market
The Wall Street Journal
Just a decade or so ago, energy traders believed that using natural gas to generate electricity instead of coal was akin to bringing Dom Pérignon to a party where Budweiser would do. How times have changed. The country is several years into a natural gas glut while several coal producers have gone bust.
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10h Updated Forget New York or San Francisco, Chinese investors are looking at balmy Miami
CNBC
Despite tight capital control measures from Beijing, Miami has emerged as a safe haven for Chinese investors in the U.S.
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10h Euro slips on Greece bailout, Italian vote concerns; stocks drift
Reuters
SINGAPORE (Reuters) - The euro came under pressure on Tuesday after a media report that Greece may forego its next bailout payment if creditors cannot strike a debt relief deal, while Asian stocks were shackled by holidays in some regional markets and the United States and UK.
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10h Strong start to summer driving season pushed U.S. oil rises towards $50
Reuters
SINGAPORE (Reuters) - U.S. crude oil prices rose toward $50 per barrel on Tuesday as a strong start to the summer driving season in the United States suggested strong fuel demand in months ahead.
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The Navy wants to recruit you — with Virtual Reality11h Updated The Navy wants to recruit you — with Virtual Reality
USA Today
With an Oculus Rift headset, you can experience what its like to be on a covert mission
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The Navy wants to recruit you--with VR13h Updated The Navy wants to recruit you--with VR
USA Today
With an Oculus Rift headset, you can experience what its like to be on a covert mission
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14h Updated NewsWatch: John Bogle explains why index investors shouldn’t fear a stock downturn
Market Watch
Retirement savers should catch it early and stick to a plan.
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Fund manager Q&A: Emerging markets funds15h Fund manager Q&A: Emerging markets funds
USA Today
Investors have been betting heavily on emerging markets stocks this year, and the strategy appears to be paying off.
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17h Monte dei Paschi says in exclusive talks over bad loan sale
Reuters
MILAN (Reuters) - Monte dei Paschi di Siena said on Monday it was in exclusive talks with a domestic fund and a group of investors over the sale of its bad loan portfolio, which it needs to offload before it can be taken over by the state.
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17h Akzo Nobel wins court case against dissident shareholders
Reuters
AMSTERDAM (Reuters) - A Dutch court on Monday rejected a request by Akzo Nobel investors for it to take immediate action against the company over its rejection of a takeover bid by U.S. rival PPG Industries , handing the Dutch company a victory in its efforts to repel the U.S. firm's 25 billion-euro ($28 billion) proposed offer.
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18h Updated U.S. companies no longer know rules of game under Trump, Hasbro director says
Reuters
CASCAIS, Portugal (Reuters) - Confusion surrounding the trade policies of U.S. President Donald Trump's administration means U.S. companies no longer know the rules of the game, a board member and former CEO of toymaker Hasbro told an international conference on Monday.
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18h Updated BookWatch: This former CEO wants a luxury tax on CEO pay
Market Watch
Only a blunt instrument will break the Rube Goldberg device that drives up CEO pay, and if a luxury tax is good enough for Major League Baseball, it’s good enough for corporate America.
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18h Updated Italian banks sink on early election worries
Reuters
LONDON (Reuters) - Concern over Italy's banks and Britain's national election dominated holiday-thinned European financial markets on Monday, pushing stock markets lower after Asian share indices fell back off two-year highs.
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18h Updated BookWatch: What’s the one best book to learn about investing?
Market Watch
Meb Faber’s readers have lots of “best” books to suggest.
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18h Updated BookWatch: Bill Gates says these five books ‘made me question my own thinking’
Market Watch
The Microsoft co-founder is out with his annual summer reading list.
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18h Updated Outside the Box: States should have their own economic visa programs for immigrants
Market Watch
This proposal would let states grant economic visas based on their specific needs.
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18h Updated Outside the Box: 4 reasons why Donald Trump will be re-elected in 2020
Market Watch
The popular consensus is likely dead wrong — and no, impeachment isn’t going to happen.
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18h Updated Outside the Box: What 10 million simulations tell us about President Trump’s chances of achieving 3% economic growth
Market Watch
It comes down to changes in the labor-force participation rate, productivity and hours worked, not tax reform or regulatory reform.
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18h Updated Outside the Box: 4 tips for finding good charities that support veterans
Market Watch
While some veterans’ charities do squander donors’ dollars, others make the most of donations in meeting their mission
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18h Updated Outside the Box: How the U.S. could bring back up to half the manufacturing jobs that moved overseas
Market Watch
Many companies that offshored manufacturing didn’t really do the math.
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18h Updated Outside the Box: I retired early, in spite of these 4 big investing mistakes
Market Watch
Darrow Kirkpatrick says his experience proves you don’t have to be a perfect investor to succeed in the end.
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19h Updated Europe Markets: European stocks slip in thin volumes with U.K., U.S. markets closed
Market Watch
European stocks kicked off the week in slightly negative territory on Monday, with market holidays in the U.S. and U.K. denting trading volumes.
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20h Updated ShotSpotter IPO: Five things to know about the gunshot-detection company
Market Watch
ShotSpotter, a gunshot-detection company with the goal of reducing gun violence in violence-racked cities, is aiming for Wall Street. .
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20h Updated MarketWatch First Take: HP boosted by double whammy of PC and printer growth
Market Watch
HP Inc. executives sounded the most optimistic since the separation from HP Enterprise, thanks in part to renewed growth in its printing business and its continued gains in the PC business, even as it raised prices due to rising memory costs.
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20h Updated This is how Best Buy gets so many of its customers to come into its stores
Market Watch
Best Buy customers often take advantage of the buy-online-pickup-in-store option for a variety of reasons
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20h Updated Best Buy is capitalizing on troubles at Sears and HHGregg in one particular category
Market Watch
Best Buy’s appliance sales were helped by troubles with Sears, as well as store closures from HHGregg, which has filed for bankruptcy
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20h Updated Opioids are ravaging the U.S., but they’re still the best pain drug we’ve got
Market Watch
The quest has seemed so elusive that it regularly draws comparison to the Holy Grail and unicorns.
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20h Updated Hotel-search site Trivago is bringing Silicon Valley to Germany
Market Watch
Hotel-search site Trivago is bringing a touch of Silicon Valley to Germany with a flat corporate structure and a listing on the Nasdaq.
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20h Updated MarketWatch First Take: Nutanix spikes as bigger customers sign on to hybrid cloud
Market Watch
Nutanix Inc. enjoyed a strong quarter of sales growth fueled by an increased number of big-name corporate customers buying into its hybrid-cloud strategy, regaining some of its credence with investors.
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20h Updated Exxon investors likely to press for climate change disclosures, change in executive pay
Market Watch
Exxon’s stances on climate-change disclosures and executive pay are among the proposals being challenged by some investors ahead of the company’s annual meeting on Wednesday.
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20h Updated The Ratings Game: Ugg’s move into 200 more Macy’s stores is ‘dangerous,’ analysts say
Market Watch
Ugg parent Deckers Outdoor Corp. is launching in 200 Macy’s stores and announced better-than-expected fourth-quarter earnings.
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20h $27,000 Apple Watch look-alikes are nearly sold out, but they can only tell time
Market Watch
A pricey Apple Watch look-alike has been flying off the proverbial shelf for one Swiss company, which says its clients wanted a sleek watch that reminds them of the importance of time and disconnecting.
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20h With flights back in the skies, British Airways must now repair damaged reputation
Reuters
LONDON/BERLIN (Reuters) - British Airways must turn its attention to repairing its brand after a weekend of chaos and criticism caused by a major IT outage that grounded flights from London's two main airports.
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20h Updated British Airways flights returning to normal after damaging IT collapse
Reuters
LONDON (Reuters) - British Airways was operating most of its flights from London's two largest airports on Monday after a computer system failure stranded thousands of passengers over a holiday weekend and turned into a public relations disaster.
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20h Updated This is why you need to find your Social Security password now
Market Watch
Your Social Security account is about to get more secure
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20h Currencies: Pound rebounds after suffering biggest loss in 4 months
Market Watch
The pound moves firmly higher on Monday, rebounding after its worst loss in four months logged last week on concerns that the upcoming general election in the U.K. will be tighter than most people expected.
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20h Most Americans failed this eight-question retirement quiz
Market Watch
Getting retirement right is a big deal. Getting it wrong could be catastrophic.
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20h Updated FA Center: How to plan for your later retirement years
Market Watch
Find happiness in the ‘go-go’ years and the ‘slow-go’ years.
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20h Updated The smart way to fine-tune your portfolio
Market Watch
How much should you have in equities vs. bonds?
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20h The Wall Street Journal: Macron, Putin meet as trans-Atlantic relations get more fragile
Market Watch
French President Emmanuel Macron was holding his first talks with President Vladimir Putin of Russia on Monday, amid myriad foreign policy challenges facing European leaders and strained ties with the United States.
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20h Updated Money Milestones: This is how your finances should look in your 30s
Market Watch
The beginning of mortgages and marriages shouldn’t be the end of your retirement contributions.
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21h Updated Young, married women should learn this skill
Market Watch
It isn’t enough to occasionally check an account — you need to be proactive about money.
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Certified pre-owned cars cost more, but come with perks21h Certified pre-owned cars cost more, but come with perks
USA Today
A certified pre-owned vehicle can give buyers some peace of mind in an often murky market.
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21h These Americans will never get Social Security benefits — and we don’t mean millennials
Market Watch
3% of Americans aged 60-89 did not receive Social Security benefits in 2015
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21h Robert Powell: How to fund a long retirement
Market Watch
The link between how long you’ll live and how much you’ll need to fund your retirement.
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21h Updated Robert Powell: How to find out what your broker is charging you
Market Watch
Brokers are starting to disclose certain account and service fees in uniform manner, but more is needed.
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21h Robert Powell: At what age are you too old to manage your money?
Market Watch
When to worry about your ability to take care of your own finances.
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21h RBS investor group accepts offer to end lawsuit over 2008 cash call
Reuters
LONDON (Reuters) - A group representing Royal Bank of Scotland investors has accepted an out-of-court deal to settle a lawsuit that aimed to call disgraced former CEO Fred Goodwin to account over a 12 billion pound ($15 billion) cash call in 2008.
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21h Updated What happens to your debt when you die?
Market Watch
Americans are dying with an average of $62,000 of debt.
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21h Updated When Bill Gates and Mark Zuckerberg sound the same dire warning about jobs, it’s time to listen
Market Watch
The founders of Microsoft and Facebook have cautionary words for the Class of 2017.
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21h Updated BMW says shortage of parts from Bosch hampers production
Reuters
FRANKFURT (Reuters) - German carmaker BMW said a shortage of steering gears supplied by Robert Bosch [ROBG.UL] slowed production of several of its compact and mid-sized models and caused stoppages at its plants in South Africa and China.
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21h Updated The Tell: Why one hedge-fund titan is bracing for ‘all hell to break loose’ in the stock market
Market Watch
Billionaire investor Paul Singer has a bleak outlook for Wall Street and has built a $5 billion rainy-day fund in preparation for what he describes as “all hell” to be loosed upon the world.
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22h NewsWatch: With stocks and bonds looking pricey, investors see little that’s appetizing
Market Watch
For years, a key driver for U.S. stocks has been the idea that, no matter what potential headwinds there may be, they were more attractive than bonds. But now, with major equity indexes at records and valuations stretched by many metrics, that argument have become less compelling.
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22h Updated British Airways battles third day of disruption, image blow after IT meltdown
Reuters
LONDON (Reuters) - British Airways was battling its third day of disruption on Monday after a global computer system failure stranded thousands of passengers over a holiday weekend and turned into a public relations disaster.
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23h Japan Tobacco plans to quadruple smokeless tobacco output capacity by 2018: CEO
Reuters
TOKYO (Reuters) - Japan Tobacco Inc plans to spend $500 million to quadruple its smokeless tobacco production capacity by the end of 2018, as it races against bigger rival Philip Morris for a larger share of the Japanese vaping products market.
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24h A computer failure at British Airways causes chaos
The Economist
BRITISH AIRWAYS usually relishes the spring bank-holiday weekend, as families take advantage of the extended break to jet off somewhere pleasant. This year's won't end soon enough for the airline. A catastrophic computer failure on May 27th grounded over a thousand flights and caused chaos for flyers.   The incident, which was reportedly related to a power failure rather than a cyber attack, will raise questions about the company's IT system. But for those caught up in the turmoil, it will simply confirm how the service standards of this national airline have deteriorated. Indeed in some respects it showed a chilling disregard for customers. Your correspondent's own experience at Heathrow was far from the worst. Many passengers were stuck overnight thanks to missed connections. We arrived at Terminal 5 at 8.30am on Sunday for a 10.55am flight to Berlin. By then police were only letting some passengers in to avoid overcrowding. Inside there was a huge queue that snaked across the terminal. This turned out not to be...
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Will stocks celebrate a summer of love, or heartbreak?24h Will stocks celebrate a summer of love, or heartbreak?
USA Today
Summer scares like Brexit have rocked stocks. What will the dog days bring this time?
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Class of 2017: Get a jump on adulthood with these 7 tips24h Class of 2017: Get a jump on adulthood with these 7 tips
USA Today
College prepares students to be everything, but not all students learn basic money management skills.
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24h Updated 6 things NOT to buy at Memorial Day sales
Market Watch
You might get a good deal on a mattress, but wait to buy these items.
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24h Updated Market Extra: With stocks and bonds looking pricey, investors see little that’s appetizing
Market Watch
For years, a key driver for U.S. stocks has been the idea that, no matter what potential headwinds there may be, they were more attractive than bonds. But now, with major equity indexes at records and valuations stretched by many metrics, that argument have become less compelling.
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25h Updated Asia Markets: Asian markets shrug off latest North Korean missile test
Market Watch
Global equity markets had a muted beginning to the week, with holidays set to slow activity world-wide, as investors shrugged off North Korea’s latest missile launch.
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25h Key Words: Trump says Jared Kushner is ‘doing a great job’
Market Watch
President Donald Trump returned to the U.S. over the weekend and leaped to the defense of recent reports that his son-in-law may have tried to set up a secret line of communications with the Russians.
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25h Italian bank worries leak into second week
Reuters
LONDON (Reuters) - Concerns over Italy's banks and Britain's national election campaign dominated holiday-thinned European financial markets on Monday, prodding stock markets lower after Asian share indices fell back off 2-year highs.
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25h Market Snapshot: U.S. stock futures inch higher ahead of packed data week
Market Watch
U.S. stock futures post mild gains in holiday-thinned trade on Monday, ahead of a heavy week on the data front including consumer-confidence and nonfarm-payrolls numbers.
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27h Futures Movers: Oil prices flatten out as investors ponder what’s next after OPEC meeting
Market Watch
Because of holidays Monday in China, the U.K. and the U.S., trading is set to be thin throughout Monday’s global session. That, though, could exacerbate movements one way or the other.
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Craft soda makers add fizz to flat soft drink sales27h Craft soda makers add fizz to flat soft drink sales
USA Today
Unusual flavors, healthier ingredients and the local distribution make it a hit.
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27h Updated Dollar edges up, markets take North Korea missile test in stride
Reuters
TOKYO (Reuters) - The dollar edged higher against a basket of currencies on Monday, moving away from last week's 6-1/2-month lows and shrugging off news of North Korea's latest missile test as investor attention turned to the Federal Reserve's expected interest rate hike next month.
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27h Futures Movers: Oil prices flatten out as investors ponder the post-OPEC meeting market
Market Watch
Because of holidays Monday in China, the U.K. and the U.S., trading is set to be thin throughout Monday’s global session. That, though, could exacerbate movements one way or the other.
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28h Updated The Tell: The best investing books: 3 you may have heard of and 3 you probably haven’t
Market Watch
In a Wall Street world where quants rule, “black swans” lurk, and everybody and their mother-in-law has easy, low-cost freedom to access markets and whittle their portfolios to scraps, the guiding hand of some time-tested words can make all the difference.
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29h Futures Movers: Oil prices drift south as investors ponder the post-OPEC meeting market
Market Watch
Because of holidays Monday in China, the U.K. and the U.S., trading is set to be thin throughout Monday’s global session. That, though, could exacerbate movements one way or the other.
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29h Asia stocks drift down from 2-year highs, pound nurses losses
Reuters
TOKYO (Reuters) - Asian stocks handed back earlier modest gains and drifted lower on Monday, running short of incentives to push past two-year highs with many key markets closed for holidays.
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29h Updated Market Extra: When do markets close for Memorial Day?
Market Watch
U.S. financial markets will be closed Monday for Memorial Day, but a host of other markets from oil futures to metals will have revised schedules.
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30h S.F. Express Needs UPS Tie-Up to Deliver
The Wall Street Journal
S.F. Express needs a tie-up with UPS to go very well to justify its sky-high valuation.
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30h Updated The Number One: The U.S. is the most obese nation in the world, just ahead of Mexico
Market Watch
The U.S. is the fattest nation in the world, according to a survey by the Organization for Economic Cooperation and Development and by 2030, the obesity rate could be close to 50%.
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