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Aug 24, 2015

Wall Street reduces losses after Apple rebounds

Aug 24 (Reuters) – U.S. stock indices were more than
2-percent lower in afternoon trade on Monday but were off the
day’s worst levels after a dramatic turnaround in shares of
Apple helped boost sentiment.

The Dow Jones industrial average briefly slumped more
than 1,000 points, its biggest point-drop ever.

Aug 21, 2015

Alibaba drop leaves stock pennies above IPO price

SAN FRANCISCO, Aug 21 (Reuters) – Shares of Alibaba Group
Holding Ltd fell 3 percent on Friday and were
perilously close to breaking below the price set in the largest
IPO in history as fears of a China-led global slowdown rattled
investors.

A potential move below $68 would make China’s largest
e-commerce firm the second high-profile tech company to fall
below its IPO price this week after Twitter Inc on
Thursday dropped below its 2013 IPO price.

Aug 21, 2015

Expensive Shake Shack short bets may have paid off

SAN FRANCISCO (Reuters) – Investors short-selling Shake Shack Inc (SHAK.N: Quote, Profile, Research, Stock Buzz) may have made money over the past week, even after paying exorbitant interest rates to borrow the stock.

The fast-casual burger chain’s Aug. 10 quarterly report beat Wall Street’s expectations, but that was not enough to prevent a slide in the stock, which had traded at sky-high valuations since its January IPO.

Aug 11, 2015

Yuan cut clobbers markets, rekindles fear of forex war

SAN FRANCISCO, Aug 11 (Reuters) – China’s 2 percent
devaluation of the yuan hit global equities and U.S. oil prices
on Tuesday with investors fearing a new currency war as well as
declining Chinese economic momentum.

Wall Street ended lower as investors contemplated the
implications of a move designed to support China’s slowing
economy and exports. The MSCI All World Index of
global shares fell 1 percent.

Aug 11, 2015

China devaluation clobbers stocks, dollar gains on forex fear

NEW YORK, Aug 11 (Reuters) – China’s 2 percent devaluation
of the yuan on Tuesday pushed the U.S. dollar higher and hit
Wall Street and other global equity markets as it raised fears
of a new round of currency wars and fed worries about slowing
Chinese economic growth.

U.S. stock indexes slumped more than 1 percent and stocks
also fell in Asia and Europe as investors contemplated the
implications of a move designed to support China’s slowing
economy and exports. The MSCI All World Index of
global shares fell 1.14 percent.

Aug 11, 2015

China devaluation hits stocks, dollar gains on currency war fears

NEW YORK (Reuters) – China’s 2 percent devaluation of the yuan on Tuesday pushed the U.S. dollar higher and hit Wall Street and other global equity markets as it raised fears of a new round of currency wars and fed worries about slowing Chinese economic growth.

U.S. stock indices dropped more than 1 percent and stocks also fell in Asia and Europe as investors contemplated the implications of a move designed to support China’s slowing economy and exports. The MSCI All World Index .MIWD00000PUS of global shares fell 1.16 percent.

Aug 11, 2015

China devaluation hits global stocks, dollar gains on currency war fears

NEW YORK (Reuters) – China’s 2 percent devaluation of the yuan on Tuesday pushed the U.S. dollar higher and hit Wall Street and other global equity markets as it raised fears of a new round of currency wars and fed worries about slowing Chinese economic growth.

U.S. stock indices dropped more than 1 percent and stocks also fell in Asia and Europe as investors contemplated the implications of a move designed to support China’s slowing economy and exports. The MSCI All World Index of global shares fell 1.16 percent.

Aug 10, 2015

China and Buffett fuel Wall St rally, oil rebounds

SAN FRANCISCO, Aug 10 (Reuters) – Wall Street surged on
Monday after a $37.2 billion deal by Warren Buffett’s Berkshire
Hathaway and weak Chinese data that boosted hopes for fresh
stimulus in the world’s No. 2 economy, while oil jumped almost 4
percent.

All three major U.S. stock indices finished more than 1
percent higher after Berkshire Hathaway agreed to buy Precision
Castparts, showing investors the M&A boom was alive and well.

Aug 10, 2015

China and Buffett boost rally on Wall St, oil jumps

SAN FRANCISCO, Aug 10 (Reuters) – Wall Street surged Monday
following a multi-billion-dollar deal by Warren Buffett’s
Berkshire Hathaway that raised optimism over mergers and
acquisitions, and weak Chinese data that boosted hopes for fresh
stimulus in the world’s No. 2 economy.

Crude oil prices jumped as much as 3 percent after a rally
in U.S. gasoline and diesel due to a refinery outage helped
crude futures rebound from multi-month lows earlier in the
session.

Aug 10, 2015

China and Buffett fuel Wall St. rally, dollar steady

SAN FRANCISCO (Reuters) – Wall Street rallied on Monday after a major M&A deal and on weak data out of China that boosted hopes for fresh stimulus from Beijing, while expectations of a U.S. interest rate hike kept the dollar near a four-month high.

All three major U.S. stock indices at one point were over 1 percent higher after a $37.2 billion deal by Warren Buffett’s Berkshire Hathaway to buy Precision Castparts showed the M&A boom was alive and well.

    • About Noel

      "Based in Thomson Reuters' San Francisco news bureau, Noel Randewich covers the semiconductor industry and the growing use of microchips in everything from smartphones to home energy management. Prior to his San Francisco posting, Mr Randewich spent a decade covering emerging markets news in Mexico City."
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