Wall Street

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Meet the Man Who Kills Stock Values for Fun and Profit

If Andrew Left writes about a company, its stock drops 10% on average

(Newser) - Andrew Left made $280,000 in two hours by short-selling stock in a Chinese real estate company, then publishing claims the company was committing accounting fraud. Shortly after the 2016 election, Left issued a series of tweets about a company called Express Scripts, accusing it of inflating drug prices; the... More »

Newest Statue on Wall Street: 'Pissing Pug'

It's a response to 'Fearless Girl,' which was a response to 'Charging Bull'

(Newser) - For months, "Fearless Girl" has stood in defiance of a famous 11-foot bull statue in Manhattan. But its message of female empowerment was a bit dampened Monday. In protest of the 4-foot statue of a young girl, artist Alex Gardega erected a small statue of a dog urinating next... More »

'Fearless Girl' Has New Foe: the 'Charging Bull' Sculptor

Arturo Di Modica says newer bronze statue is messing up his creation's vibe

(Newser) - The sculptor of Wall Street's "Charging Bull" statue is accusing New York City of violating his legal rights by allowing the "Fearless Girl" statue to be installed facing the bronze beast without his permission. Attorney Norman Siegel tells the AP that Arturo Di Modica will explain at... More »

'Fearless Girl' Is Staying Put

Statue near Wall Street bull will be allowed to remain until February 2018

(Newser) - After stirring no shortage of debate , the popular statue of a young girl staring down Wall Street's famous "Charging Bull" will be allowed to remain through February 2018, reports the AP . New York City Mayor Bill de Blasio says the artwork, called "Fearless Girl," has inspired... More »

Should 'Fearless Girl' Stay?

New statue drastically changes meaning of Charging Bull, stirs debate

(Newser) - Should the "Fearless Girl" stand up to Wall Street's charging bull forever? That's the question New York City officials are facing after a statue of a ponytailed girl in a windblown dress went up in front of the bronze bull early this month and immediately became a... More »

Wall Street's Famous Bronze Bull Has 'Defiant' New Frenemy

'Fearless Girl' installed by investment firm in the name of corporate gender diversity

(Newser) - Wednesday is International Women's Day, as well as the International Women's Strike and "A Day Without a Woman," and one bronzed young lady isn't taking any bull when it comes to celebrating them. A New York City firm erected a statue of what Business Insider... More »

Dow Drops 133 Amid Broad Sell-Off

But LinkedIn shares skyrocket 47%

(Newser) - Wall Street stocks closed lower on Monday with materials, technology, and industrial companies among the hardest hit in a broad sell-off touching all market sectors, the AP reports. Marathon Petroleum fell nearly 7% while Valero Energy and United Continental Holdings both dropped more than 4%. LinkedIn shares soared 47% and... More »

On Quiet Day, Dow Drops 8

Monsanto up 4% after unexpected offer from Bayer

(Newser) - Stocks closed slightly lower Monday after a day of wavering between small gains and losses, the AP reports. Many traders were waiting on the sidelines for more clues about what the Federal Reserve might to at its next policy meeting in June. Last week many were surprised to hear that... More »

Dow's Monday Gains? All Gone

In fact, the whole market has a bad day

(Newser) - Stocks closed lower on Wall Street on Tuesday and undid a rally from the day before, the AP reports. Consumer goods companies and utilities fell the most. Kraft Heinz dropped 4% and Consolidated Edison fell 2%. The losses were broad. Nine of the 10 sectors of the Standard and Poor'... More »

Dow Spikes by Triple Digits

Tech, energy stocks lead the way

(Newser) - Solid gains in energy and technology stocks led Wall Street higher on Monday, breaking a three-day losing streak, the AP reports. Oil companies rallied Monday after the price of crude oil climbed 3%. Marathon Oil jumped 4% and Devon Energy also rose 4%. Apple led tech stocks higher with a... More »

Dow Dips 34 Amid China Fears

Chevron among energy companies that take a hit

(Newser) - Stocks indexes ended little changed on Wall Street as more worries about China pulled down prices for oil. Energy companies fell Monday after weak economic reports from China renewed fears that the world's second-largest economy was slowing down. Chevron fell 2%. Health care stocks rose. Allergan, which makes Botox,... More »

In Rebound, Dow's Up 117

Wynn Resorts, Apollo Education have a good day

(Newser) - Stocks closed solidly higher Monday as the market regained some ground it lost last week, the AP reports. Casino operator Wynn Resorts jumped 7%, one of several consumer stocks to post big gains. Apollo Education, which runs the University of Phoenix, jumped 12% Monday after a group of investors raised... More »

Dow Skids by 26

Xerox takes 13% hit after grim report

(Newser) - US stocks are closing lower Monday as investors found little to like in the latest batch of company earnings. Xerox slumped 13% after reporting a plunge in earnings and cutting its profit forecast, and Perrigo, an Irish drug maker, dropped 18% after cutting its own earnings outlook, citing lower prices... More »

Dow Spikes 106, Energy Sector Gains Ground

Hasbro jumps 6%

(Newser) - Major US stocks indexes are closing higher, led by a recovery in the energy sector. The market had started lower on Monday as the price of oil sank, but turned higher in morning trading and stayed higher for the rest of the day. In addition to energy stocks, health care... More »

Dow Falls by 20 After Early Gains

Investors have low hopes for earnings reports

(Newser) - US stocks gave up an early gain and closed slightly lower as investors hold dim expectations for company earnings. The Dow Jones industrial average had been up more than 150 points but faded in the afternoon Monday. The average slipped 20 points, or 0.1%, to 17,556. The Standard... More »

Dow Drops 55, Stock Soars for Virgin America

Stocks sink overall on slow day for Wall Street

(Newser) - Stock indexes are ending mostly lower in a relatively quiet day of trading on Wall Street. Homebuilder PulteGroup sank 7% Monday on news that the company's CEO will retire next year as part of a management shakeup. Virgin America jumped 40% after agreeing to be acquired by Alaska Air.... More »

Trump Predicts Dire Future for US Economy

GOP candidate sees 'very massive recession' ahead

(Newser) - In a wide-ranging interview this week, Donald Trump said the US economy is headed for disaster—unless, it seems, he takes the reins. He also compared himself to the Lone Ranger and predicted the American people will "be falling asleep" if he becomes president. Among the highlights of his... More »

Dow Ekes Up 19 Points

It's the slowest day of US trading this year

(Newser) - Stocks closed mostly higher in quiet trading, led by gains in consumer companies. Media stocks rose Monday, as did hotel companies, but energy companies lost ground along with the price of oil. Starwood and Marriott climbed as Chinese insurance company Anbang Insurance Group made another effort to buy Starwood. Avon... More »

Stocks Pick Up After Shaky Morning

Health care and telecommunications stocks rise

(Newser) - Stocks shook off an early loss on Monday to notch their fourth consecutive gain in a row. Investors had their eye on the latest string of deal news, as well as a new report showing US home sales slumped last month, the AP reports. Telecommunications and health care stocks were... More »

Dow Rises 15 Ahead of Big Fed Meeting

But most US stocks hold steady

(Newser) - US stocks barely budged Monday, finishing mixed as lower oil prices pulled energy companies lower while hotels and travel-related companies rose. Trading was quiet ahead of the Federal Reserve's meeting later this week, which is expected to shed some light on the possibility of a future increase in benchmark... More »

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