Finance

Your first trade for Friday, December 14

The “Fast Money” traders shared their first moves for the market open. Steve Grasso was a buyer of the Utilities…

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Cash-strapped IL&FS group selling luxury cars, office furniture to raise funds

Debt-laden IL&FS group firms are selling high-end cars, office furniture, electrical appliances and other assets in a bid to raise…

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JP Morgan faces lawsuits after guilty pleas by a former metals trader

Traders from across the U.S. are banding together to accuse J. P. Morgan Chase of manipulating precious metals markets for…

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GST evasion worth Rs 12,000 crore detected between April-November

The government has detected GST evasion worth Rs 12,000 crore in 8 months till November, a senior tax official said…

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Housing could be an unlikely place to hide out if a recession is coming

Rates started 2018 on the rise and seemed to be on course to march steadily higher until the recent sell-off…

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Spire Global gets $2.7 billion weather data partnership from Galileo

Satellite analytics company Spire Global is the first in the world to partner with the European Space Agency to use…

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Yellen and the Fed are afraid of corporate debt, but investors still aren’t

Yellen, though, warned Monday that companies are taking on too much debt and could be in trouble should some unexpected…

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Verizon made the right decision not to be big on media

Sometimes the scope of the strikeout matters. When Verizon acquired Yahoo for $4.8 billion in 2016 after spending $4.4 billion…

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Study shows endowments would have fared better by buying Treasurys

To be sure, studying the investment period starting in 2009 could also impact the results. Fund managers — fresh from…

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Trade deal with China could be elusive until bitter end of negotiating period 

The discussions followed a tense week between the two countries after the arrest in Canada of Meng Wanzhou, the chief…

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