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Amazon's Nike deal took a billion dollar bite out of competing retailers
Competing sports businesses have lost over $1 billion in market value in just one day as the stock market reckons how badly the deal might affect other major Nike sellers. J.C. Penney and Foot Locker saw the biggest single-day declines at about 6 ...
06/22/2017 03:27 PM
Burberry faces upheaval as chairman signals departure
In a stock market announcement, Burberry said Darroch was taking over the crucial non-executive role from Phillip Bowman, who is leaving the board in October after joining in 2002. “It will be the responsibility of Jeremy Darroch as the newly appointed ...
06/22/2017 07:46 AM
China Stocks Win MSCI Inclusion; Initial Market Reaction Muted
Chinese stocks were little moved by their addition to MSCI Inc.'s benchmark indexes, as investors weighed the symbolic importance of inclusion against the limited impact on short-term inflows. While MSCI's announcement was a landmark step in China's ...
Saudi Stock Exchange Named to Watch List for MSCI Emerging Market Index
China's stock market is given a test, not a pass
Asian stocks close mixed as markets await MSCI decision on China A-shares
06/21/2017 03:31 AM
Amazon apparel announcement hits retail stocks
Tech stocks and retailers were among those posting losses on Tuesday, after e-commerce giant Amazon announced a new clothes shopping service. The fall weighed on US markets, as most sectors showed declines. The S&P 500 index fell 0.67% to ...
06/20/2017 09:48 PM
Why Does The Stock Market Continue To Levitate?
We often hear that the latest "relief" rally was the result of a better-than-expected outcome from a political or economic event or announcement. Yet to rally in relief suggests that the market suffered a meaningful decline in anticipatory angst over ...
06/17/2017 03:38 PM
MSCI to announce emerging markets watchlist on June 20
Stock exchanges including Saudi Arabia's Tadawul will learn next week whether they have been placed on the MSCI's latest review list for inclusion in its emerging markets index. Robert Ansari, executive director, head of the Middle East at MSCI, told ...
06/15/2017 11:59 AM