Archive for the 'Market Currents' Category

Due Diligence: Spreadtrum latest target in Muddy Waters report

Shanghai-based, U.S.-listed Spreadtrum becomes the latest target of Muddy Waters, after the broker declares a short position in the shares, citing a “high risk of material misstatement” in the chip designer’s financial accounts.

Andrea Coombes’ Ways and Means: Got retirement plans? Your spouse may disagree

You may plan to retire to Florida when you’re 67, but there’s a good chance your spouse has other ideas, according to a new survey that asked married couples about their retirement plans.

Caixin Online: Major China bank sees inflation hitting 6.2%

China’s June consumer price index inflation is set to hit 6.2%, as food prices continue to rise, according to China International Capital Corp.

Metals Stocks: Gold extends gains ahead of Greek vote

Gold futures extend gains in electronic trading, as investors await a crucial vote in Greek parliament required for the nation to secure a fresh round of financial aid.

Currencies: Dollar edges up vs. euro ahead of Greek vote

The dollar trades higher against most major rivals, edging up against the euro ahead of a much-awaited vote on Greece’s austerity plan.

Todd Harrison: The most important point in market history

By shifting more risk to public institutions, the U.S. and other governments got the stock markets back on track but may be courting a new disaster, writes commentator Todd Harrison of Minyanville.

Jon Friedman’s Media Web: President Bachmann? Media darling, for now

Minnesota congresswoman is getting respect from the media but its interest will soon wane, writes Jon Friedman.

Jennifer Waters’s Consumer Confidential: Quick, go shopping! Sales are everywhere

Retailers from department-store giants to discounters to home-and-garden stores are unloading excess inventory in droves in the coming days and weeks as they make room for the all-important back-to-school season.

Brady bond-style solution isn’t a Greek guarantee

The French bank plan for private creditors to reinvest some of the proceeds of maturing Greek debt into new bonds resembles a program used more than 20 years ago.

Brett Arends’ ROI: The real story behind the market ‘boom’

Companies are buying up their own stock while company executives stand pat, according to Brett Arends.