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Trial begins in $10B investor lawsuit against Volkswagen

Andreas W. Tilp, lawyer of the plaintiff, waits for the opening of a lawsuit against Volkswagen on compensation for the losses of shareholders caused by the Diesel scandal at the higher regional court in Braunschweig, northern Germany, Monday, Sept. 10, 2018. (Swen Pfoertner/dpa via AP) Trial proceedings have begun in the lawsuit brought against Volkswagen by investors alleging the company […]

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First Marijuana ETF Attains $1B in Total Assets

This article was originally published on ETFTrends.com. Canadian firm Horizons ETFs Management Inc. announced that the Horizons Marijuana Life Sciences Index ETF (Toronto: HMMJ.TO), the first marijuana ETF, attained the CAD $1 billion mark in total assets under management in just 16 months. In addition to being the first, HMMJ is the largest ETF globally to offer direct exposure to […]

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Oil Settles Lower Again

Despite moving up early on in the session amid speculation crude supply will fall once U.S. sanctions against Iran’s crude exports kick in from November, oil prices dropped down a bit on Monday, extending losses to a fourth straight session. Traders may also have weighed the possibility of a drop in demand for crude due to hurricane Florence, which is […]

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Japan proposes end to commercial whaling ban, faces pushback

Japan is proposing an end to a decades-old ban on commercial whaling, arguing there is no longer a scientific reason for what was supposed to be a temporary measure. The proposal is facing stiff opposition from Australia and others at the International Whaling Commission meetings that opened Monday in Florianopolis, Brazil. Continue Reading Below Japan has hunted whales for centuries […]

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Sensex tumbles as Rupee hits a lifetime low of 72.67

Surging crude oil prices globally too had a rub-off effect on Indian stocks and rupee, market analysts said. Market benchmark BSE Sensex tanked 468 points or 1.22 per cent to end below the 38,000 mark as the rupee falling further to a record low and widening current account deficit spooked investors. The 30-share index closed at 37,922.17, down by 467.65 […]

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Sweden joins Europe's move to right over migration backlash

People walk past election posters near the Swedish parliament in Stockholm, Monday Sept. 10, 2018, the day after general elections in Sweden. Sweden was looking at weeks of uncertainty and complex coalition talks after the country’s two rival blocs failed to secure a clear governing majority in elections that saw a boost for a far-right party — considered political pariahs […]

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First Trust Adds More Momentum Plus ETFs

This article was originally published on ETFTrends.com. First Trust, one of the largest issuers of smart beta ETFs, recently launched three First Trust Dorsey Wright Momentum Plus ETFs. Included in that group is a new replacement for the fund formerly known as the First Trust RBA Quality Income ETF (NasaqGM: QINC). That fund is now the First Trust Dorsey Wright […]

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Markets Right Now: S&P 500 index opens higher after 4 losses

The latest on developments in financial markets (all times local): Continue Reading Below 9:35 a.m. Stocks are opening higher on Wall Street as the market comes off four straight days of losses. Retailers and consumer goods makers were among the biggest winners in early trading Monday. Home Depot rose 1.5 percent and Procter & Gamble climbed 1 percent. CBS fell […]

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Why Sierra Wireless Stock Jumped 16% in August

What happened Shares of Sierra Wireless (NASDAQ: SWIR) jumped 16% in August, according to data from S&P Global Market Intelligence. Continue Reading Below That's a welcome change for investors in the Internet of Things (IoT) specialist, as its stock has largely been struggling since hitting an all-time high in mid-2015. Shares are down 3.9% in 2018 through Friday, Sept. 7. […]

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HCA CEO Johnson to retire, company lays out succession plan

HCA Healthcare CEO R. Milton Johnson will retire at the end of the year and be replaced by veteran executive Sam Hazen, the hospital chain's president and chief operating officer. The company also said Monday that Johnson will leave its board next spring and be replaced as chairman by Thomas F. Frist III. Continue Reading Below HCA, based in Nashville, […]

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