Citadel Securities to Buy NYSE Market-Making Unit From IMC

Citadel Securities plans to buy the market-making unit of smaller rival IMC Financial Markets, expanding its presence at the New York Stock Exchange. The deal would shore up Citadel Securities’ position as the largest floor broker on the exchange, according to a statement. Terms weren’t disclosed. Citadel Securities, which oversees daily trading in more than 1,500 NYSE-listed securities, is among […]

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Italy Gets Rare Chance From Bond Markets to Sort Out Its Issues

Just looking at Italian bonds, observers would have little clue about the nation’s dire economic situation. Instead of trading as though its credit rating is on the precipice of junk status, the debt is acting more like a haven, according to Moody’s Analytics data. Italy’s coalition government can raise money for 10 years at 0.79%, a few basis points shy […]

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Asia Stocks to Advance Amid Stimulus Optimism: Markets Wrap

Asian stocks looked set for gains after renewed optimism that U.S. lawmakers could still reach an agreement on fiscal stimulus sent American equities and Treasury yields higher. The dollar slipped. Futures rose in Japan, Hong Kong and Australia. U.S. contracts were little changed following the S&P 500’s 1.7% overnight advance. Nancy Pelosi signaled openness to an airline-relief bill in talks […]

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The stock market may be too optimistic about stimulus chances

Stocks surged after President Trump suggested stimulus could be adopted piecemeal, including airline aid, since there's no agreement on a larger sweeping package. Stocks had tanked Tuesday when Trump tweeted that he was ending talks between his administration and Democrats. But strategists said investors may be too hopeful that Congress can come together on a spending plan before the election. […]

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Disney Activist Loeb Urges Using Dividend to Fund Streaming

Activist investor Dan Loeb is urging Walt Disney Co. to permanently suspend its dividend and redirect those funds to its streaming service, saying the entertainment giant needs to lean in to a massive industry shift. Loeb sent a letter to Disney Chief Executive Officer Bob Chapek Wednesday saying he believes $3 billion in annual dividends would be better spent on […]

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Stocks set to fall a second day after Trump halts stimulus talks, Dow futures fall 90 points

U.S. stock futures moved lower in overnight trading on Tuesday after President Donald Trump called off stimulus talks until after the November election.  Dow futures fell 90 points. S&P 500 futures and Nasdaq 100 futures fell 0.32% and 0.25%, respectively. Zoom In IconArrows pointing outwards In regular trading on Tuesday, the Dow Jones Industrial Average closed down 375 points after […]

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Stocks to Watch as Australia Unveils Expansionary Budget

For a fresh perspective on the stories that matter for Australian business and politics, sign up for our new weekly newsletter. A raft of Australian equities are likely to benefit from the budget set for release later Tuesday, as the government looks to boost spending to help lift the economy out of its first recession in almost 30 years. Infrastructure, energy, […]

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Theater Stocks Plunge After Cineworld Shutdown Caps ‘Lost Year’

Shares of movie-theater companies fell on Monday after Cineworld Group Plc decided to temporarily suspend operations at all its American and British movie theaters, the latest sign of how pandemic-related film delays are ravaging the industry. Credit agencies downgraded Cineworld’s rating over the weekend, warning the company may run out of cash as early as next month. Other theater-chain operators […]

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