Trader Talk presents the annual New Year's poem of Art Cashin, UBS director of NYSE floor operations.
Uber has claimed its first major scalp, with San Francisco-based competitor Sidecar announcing on Tuesday that it will be shutting down operations at 2pm on New Year’s Eve.
Fewer than one in 10 executive directors at Britain’s top companies are female, research shows, but the UK is better at promoting women to CEO roles than leading economies such as Germany and France.
A glut of oil, the demise of Opec and weakening global demand combined to make 2015 the year of crashing oil prices. The cost of crude fell to levels not seen for 11 years – and the decline may have further to go.
Chris Callahan, Credit Suisse’s head of trading for commercial mortgage bonds and collateralized loan obligations, left the bank at the end of last week, he said.
Investors who pulled an estimated $52.7bn from the Pimco Total Return Fund this year may feel like freeway drivers who changed lanes only to see themselves falling behind traffic.
Crude oil prices face further downside risk in the first half of 2016, with OPEC holding on to hopes of pumping the competition out of business, a Citigroup analyst said Wednesday.
Bank of America will post a $600m pretax writedown in the fourth quarter as it redeems $2bn of trust preferred securities tied to its 2009 acquisition of Merrill Lynch.
Barclays will pay more than $13.75m to settle U.S. regulatory charges that it let retail brokerage customers make unsuitable mutual fund transactions, including more than 6,100 fund switches, over a five-year period.
Swiss private bank Julius Baer said it has set aside nearly $200m in additional provisions to settle a U.S. criminal investigation that it helped wealthy American clients dodge taxes.