Hints and tips:
...With sky-high equity valuations in the US -- in particular among the tech-titans such as Amazon (trading at 254 times earnings), Salesforce (764 times) and Netflix (223 times), according to Bloomberg --...
...Gold is flat at $1,254 an ounce....
...Corporate earnings reports out today include Harmonic Drive Systems, Takashimaya and OSG....
...Gold was 0.2 per cent higher at $1,254.40 an ounce....
...Last year the company raised $2.5bn by selling 254 properties, all Sears and Kmart stores, to a real estate investment trust called Seritage Growth Properties, on whose board of trustees Mr Lampert sits....
...Gold was sitting a third of a percentage point higher at $1,254.42, bucking an overall retreat in haven assets as a more bullish mood has descended upon markets in recent days....
...Copper fell 2.7 per cent in London to $5,254 a tonne after hitting a two-month high on Thursday as an earthquake in Chile fuelled concerns about supply disruptions....
...Shares of Sears Holdings rallied as much as 8 per cent on news that it expects to raise $2.5bn by offering rights to buy shares in its Reit, Seritage Growth Properties, to partially finance its purchase of 254...
...“We are very happy with the restructuring at OSG,” says Wilbur Ross, who is among OSG’s creditors. “The combination of the Jones Act and shale gas has been phenomenal.”...
...The shares were down 10 per cent at $254 in after-market trading....
...The CME Group , fell 3 per cent to $254.32, and the Chicago Board Options Exchange also fell 3 per cent to $26.35, although the US derivatives exchanges are not significantly exposed to Europe....
...The Dow Jones Industrial Average closed down 0.1 per cent at 10,784.82, while the broader S&P 500 dropped 0.3 per cent to 1,254.42. Both had been in positive territory for most of the day....
...Crosby holds 107m warrants in IB Daiwa, around one-third of the Japanese trading company, whose shares have rise 254 per cent since mid-May....
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