BlackRock warns of risk as inverse volatility products sink
(Reuters) – BlackRock Inc, the world’s largest asset manager, warned of the risk of so-called inverse Exchange-Traded Products (ETPs) following Monday’s steep decline in financial instruments that bet against wild downward swings in the markets.
Oil prices slump 1 percent amid global market rout
SINGAPORE (Reuters) – Oil prices dropped by 1 percent on Tuesday, extending falls from the previous session as global financial markets headed south in the wake of one of the biggest intra-day falls ever registered on Wall Street.
Shares routed as ‘goldilocks’ trade suddenly unwinds
TOKYO (Reuters) – Asian shares and U.S. stock futures sank on Tuesday, after Wall Street suffered its biggest decline since 2011 as investors’ faith in factors underpinning a bull run in markets began to crumble.
Asian shares tumble as ‘goldilocks’ trade unwinds
TOKYO (Reuters) – Asian shares fell sharply on Tuesday after Wall Street suffered its biggest decline since 2011 as investors’ faith in factors underpinning a bull run in markets began to crumble.
Oil prices sink 1 percent amid global market plunge, U.S. output spree
SINGAPORE (Reuters) – Crude oil futures extended falls from the previous session on Tuesday, with the Brent benchmark dropping 1 percent as global financial markets headed south in the wake of Wall Street’s biggest one-day decline since 2011.
Asian shares set to tumble as ‘goldilocks’ trade unwinds
TOKYO (Reuters) – Asian shares were set to fall sharply on Tuesday after Wall Street suffered its biggest decline since 2011 as investors’ faith in factors underpinning a bull run in markets began to crumble.
Wall Street plunges, S&P 500 erases 2018’s gains
(Reuters) – U.S. stocks plunged in highly volatile trading on Monday, with both the S&P 500 and Dow Industrials indices slumping more than 4.0 percent, as the Dow notched its biggest intraday decline in history with a nearly 1,600-point drop and Wall Street erased its gains for the year.
Lululemon says CEO Potdevin has resigned, to pay him $5 million
TORONTO (Reuters) – Canadian athleisure wear maker Lululemon Athletica’s Chief Executive Laurent Potdevin abruptly resigned on Monday effective immediately, with the company saying that he had fallen short of its “standards of conduct” without offeri…
Capital Dynamics to acquire SunPower, First Solar JV for $977 million
(Reuters) – Asset manager Capital Dynamics said on Monday it would acquire a joint venture company of solar power developers First Solar Inc and SunPower Corp for about $976.6 million.
Lululemon says CEO Potdevin has resigned
TORONTO (Reuters) – Canadian athletic apparel company Lululemon Athletica said on Monday that its Chief Executive Officer Laurent Potdevin had resigned, effective immediately.
