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LJM Partners sues unnamed 'manipulators' it blames for volatility losses

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NEW YORK (Reuters) – LJM Partners Ltd on Friday filed a lawsuit against unnamed parties it holds responsible for hundreds of millions of dollars it lost after last year’s jump in stock market volatility that effectively put the fund manager out of business. LJM invested in complex derivatives that lost most of their value over Read More

Oil hasn't started a year this hot since the turn of the century

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By Alex Nussbaum on 1/18/2019 Photo: Prudhoe Bay. NEW YORK (Bloomberg) — Oil hasn’t started off this strong in 18 years. After closing out 2018 in free-fall amid fears of a global supply glut and economic slowdown, U.S. crude prices have rebounded more than 18% to start this year. That’s the biggest climb over the Read More

Wall Street extends rally on U.S.-China trade optimism

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NEW YORK (Reuters) – U.S. stocks rallied on Friday, helping Wall Street’s major indexes advance for the fourth consecutive week, as increased hopes the United States and China would resolve their trade dispute lifted shares across sectors. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., Read More

Take Five: World markets themes for the week ahead

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(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 17, 2019. REUTERS/Brendan McDermid SHOULD I STAY OR SHOULD I Read More

Wall Street rally builds on trade optimism

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(Reuters) – Technology and industrial stocks powered Wall Street’s rise on Friday, setting the three main indexes on track for their fourth week of gains, amid growing optimism that the United States and China would resolve their bitter trade dispute. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in Read More

Investors punish poorly performing hedge funds by pulling billions

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FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 8, 2019. REUTERS/Brendan McDermid BOSTON (Reuters) – Hedge funds suffered their worst quarterly outflows in two years when investors pulled $23 billion from the industry during the last three months of 2018, new data released on Read More

Industrials power Wall Street higher on trade optimism

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(Reuters) – Gains in technology and industrial stocks put Wall Street on track for their fourth week of gains on Friday, amid growing optimism that the United States and China would resolve their bitter trade dispute. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January Read More

Stocks, dollar up on trade hopes; Wall Street set for fourth week gains

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NEW YORK (Reuters) – Major stock indexes rose worldwide on Friday and the dollar was on track for its first positive week this year, boosted by optimism that the trade conflict between the United States and China may come to an end. FILE PHOTO: Traders work on the floor of the New York Stock Exchange Read More

Wall Street opens higher on trade hopes, upbeat manufacturing data

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FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2019. REUTERS/Brendan McDermid (Reuters) – U.S. stocks opened higher on Friday and were set for their fourth week of gains on hopes that a bitter trade war between the United States and China would be Read More