Dorsey buys $7M in Twitter stock
CEO Jack Dorsey bought $7M worth of TWTR shares this week. It is showing investors just how much confidence he has that Twitter can turn around its business. He tweeted about the stake on Valentine’s […]
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Mnuchin wins confirmation as treasury secretary
The Senate has confirmed former Wall Street executive Steven Mnuchin to be treasury secretary by a 53-47 vote, one of the narrowest margins ever for the post. During the debate, Democrats criticized Mnuchin for his […]
Mattel and Alibaba to partner on toys
Mattel (MAT -1%) announces that it formed a strategic partnership with Alibaba (BABA -0.8%) to sell toys to Chinese consumers. The deal gives Mattel closer access to Alibaba’s 440M active buyers across various e-commerce platforms, […]
Foreign bond investors accelerate sales of US Treasurys
Countries that have traditionally been the biggest foreign holders of US government debt are selling their Treasurys. If foreign demand for US bonds continues to fall, it could make borrowing more expensive and create obstacles […]
Tesla begins United Arab Emirates launch
Tesla (NASDAQ:TSLA) is set to start accepting online orders for the Model S and Model X in United Arab Emirates, reports Bloomberg. The local service center is expected to be opened in July and deliveries […]
Vanguard exceeds $4T in assets
Vanguard Group reached $4.048 trillion in assets at the end of last month. “It signifies how popular passive investing has become, that investors are increasingly more comfortable paying less for average benchmark performance instead of […]
India’s demand for oil drops
In January, India’s oil consumption posted its biggest one-month drop since 2003 as the government’s surprise withdrawal of high-denomination currency notes slowed the economy. An analysis suggests India’s GDP growth for the year ending in […]
China resumes reverse repos after 6-day pause
The People’s Bank of China has begun issuing reverse repurchase agreements after suspending them for six trading days. In a move to ease funding conditions, the bank has offered reverse repo loans to commercial banks […]
Japan GDP expanded 1% in Q4
Japan GDP rose an annualized 1% in the fourth quarter, supported by a weak yen that helped exporters. Domestic demand was also weak. Source: Reuters (12 Feb 2017) Read more about Financial & Economic News […]