Investment Technology Says US Market Share Increased to Highest Level Since July 2015

Investment Technology Says US Market Share Increased to Highest Level Since July 2015

Investment Technology Group, a financial technology and brokerage firm, said that its consolidated US market share increased for the fifth consecutive month in December, to the highest level since July 2015. Trading volume was 3.1 billion shares and average daily volume was 150 million shares last month, up from 2.8 billion shares traded in December 2015 with an average daily volume of 129 million shares. In November last year, 3.3 […]

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Bonds Aim Higher as Stocks and Oil Slip

Bonds Aim Higher as Stocks and Oil Slip

U.S. Treasuries followed European bonds higher Monday as stocks and oil skidded lower. The market has been boosted even as a run of Treasury supply in the pipeline has been joined by a batch of corporate debt. Treasury will auction $24 billion three-years Tuesday, $20 billion reopened 10-years Wednesday and $12 billion reopened 30-years Thursday. The 30-year recently traded 2.972% after tagging a low yield/high price at 2.952% and a […]

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Dupont Fabros Technology Says Data Centers Pass Industry Standard

Dupont Fabros Technology Says Data Centers Pass Industry Standard

Dupont Fabros Technology (DFT) an owner-operator of large-scale multi-tenant wholesale data centers, said Friday that seven of its data centers have passed the industry-standard Statement of Standards for Attestation Engagement No. 16, or SSAE 16 attestation, and have received an unqualified Service Organization Controls 1 report. Dupont said the seven data centers are in Virginia, California and Illinois. These reports were prepared by one of the top four independent auditing […]

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Dollar Weakens as Equities and Treasury Yields Fall

Dollar Weakens as Equities and Treasury Yields Fall

The dollar limped into Thursday’s North American close suffering its biggest one-day loss against the yen since September. Softer U.S. equity prices and lower Treasury yields overshadowed mostly upbeat U.S. economic data that included a significant decline in first time unemployment claims and a pair of buoyant indices on the services sector. The dollar was already on the defensive as the North American session kicked off after China raised its […]

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MidEast Shares Mostly Rise

MidEast Shares Mostly Rise

Middle East stocks mostly advanced, helped by firmer oil prices. Brent crude oil prices hit an 18-month high. Egypt also continued to benefit from foreign buying. In company news, Union National Bank and Abu Dhabi Commercial Bank keep rising on speculation of a tie-up even though both companies previously denied one was coming. Saudi Arabia’s main index inched up 0.1% to 7,251 points, Dubai jumped 1.8% to 3,602 points, Abu […]

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China BAK Battery Delays 10K Filing with SEC

China BAK Battery Delays 10K Filing with SEC

China BAK Battery, a manufacturer of lithium ion rechargeable batteries, has notified the Securities and Exchange Commission (SEC) that it will file its 10K report late. The company said it has not yet finalized its financial statements for the fiscal year ended September 30, 2016, but expects to file it within the 15-day grace period provided by SEC. It also said that it did not anticipate any significant change in […]

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Profit-Taking Accelerates as Year-End Comes Into Focus

Profit-Taking Accelerates as Year-End Comes Into Focus

The benchmark indices all closed with sizable losses on Wednesday as light profit-taking on technology and biotech stocks accelerated later in the day to broad-based selling. All eleven sectors of the S&P 500 were in negative territory with financials and utilities taking the brunt of today’s selling pressure. All Dow component stocks with the exception of Travelers (TRV) were in the red, including shares of Goldman Sachs (GS) which were […]

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USD/JPY Extends Gains

USD/JPY Extends Gains

The dollar was driven higher against the yen on a significant beat in December consumer confidence and the Richmond Fed index, but continues to find strong resistance at the 200-hour moving average at 117.54. USD/JPY was 0.35% stronger at 117.54 Consumer confidence jumped to a 15-year high of 113.7 from 109.4 in November, while the Richmond Fed manufacturing index doubled to 8.0 from 4.0 previously, both of which were considerably […]

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Dollar Gains on GDP Revision

Dollar Gains on GDP Revision

The dollar advanced modestly thanks to a much better-than-expected upward revision to third quarter U.S. GDP which helped offset an above consensus decline in November durable goods orders and increase in initial jobless claims. According to the third revision, the U.S. economy grew at an annualized rate of 3.5% versus the earlier growth rate of 3.2%, and above expectations for a small revision to 3.3%. Conversely, durable goods orders were […]

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Twitter Teams With Hollywood Foreign Press Association

Twitter Teams With Hollywood Foreign Press Association

Twitter said Monday it has teamed with The Hollywood Foreign Press Association and dick clark productions to live stream the official red carpet pre-show for the 74th Annual Golden Globes. The event will be on Jan. 8. The pre-show will be available in the United States for Twitter’s logged-in and logged-out audience on Twitter and connected devices. The pre-show will feature exclusive interviews with talent and celebrity Twitter content, offering […]

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