Bonds End Mixed – 10-Year 1.735%

Bonds End Mixed – 10-Year 1.735%

U.S. Treasuries ended the week mixed with the long bond leading while the shorter end lagged as the curve trade dominated the quiet, low-volume session. Traders were preparing for a run of Treasury auctions in the week ahead as well as anticipated new corporate debt. Prices were pressured late as San Francisco Federal Reserve President John Williams called for gradual near-term rate hike hikes in a late local speech, airing […]

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Twitter, Netflix Among Several Sites Brought Down Friday in What Looks to be Cyber Attack

Twitter, Netflix Among Several Sites Brought Down Friday in What Looks to be Cyber Attack

Popular sites like Twitter (TWTR) and Netflix (NFLX) were brought down for some users Friday, after what could be a cyber attack, according to a CNN Money report. The hack seems to have impacted users on the East Coast as well as Europe, according to the report. The report said Dyn, a website domain management company, has experienced multiple denial of service attacks, which flood a site with massive amounts […]

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S&P 500 Rises 0.4% This Week, Led by Materials, Financials; Telecom, Consumer Staples Slip

S&P 500 Rises 0.4% This Week, Led by Materials, Financials; Telecom, Consumer Staples Slip

The Standard & Poor’s 500 index ended Friday’s session up 0.4% from a week ago, driven by increases across materials and financial stocks as commodities gained and banks reported third-quarter earnings above expectations. The market benchmark closed Friday at 2,141.16 versus its week-ago close of 2,132.98. All but three sectors — telecommunications, consumer staples and industrials — rose in the past week. Gold prices on Thursday climbed to their highest […]

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ECB Leaves Monetary Policy Unchanged, Euro Treading Water Before Draghi

ECB Leaves Monetary Policy Unchanged, Euro Treading Water Before Draghi

The euro erased its overnight loss against the dollar and is trading fractionally higher at the North American open after the European Central Bank left interest rates and the size of its quantitative easing program unchanged, as expected. Earlier losses tied to bearish German inflation data — the EUR/USD traded as low as 1.0952 after the -0.2% drop in the September PPI — were effectively wiped out by the ECB […]

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Constellation Brands Acquires Washington Wine Collection, Sheds Canadian Business

Constellation Brands Acquires Washington Wine Collection, Sheds Canadian Business

Constellation Brands Inc (STZ) said on Monday it acquired Charles Smith Wines collection of five “super and ultra premium wines” for $120 million while unloading its Canadian wine business. The brands it acquired includes Kung Fu Girl Riesling, Velvet Devil Merlot, Boom Boom Syrah, Eve Chardonnay and Chateau Smith Cabernet Sauvignon. Charles Smith Wines specializes in Washington State products and was named winemaker of the year in 2014 by Wine […]

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