Interactive Brokers Group Inc. was in talks with E-Trade Financial about merging their brokerage operations but decided the deal didn’t make sense, according to Interactive’s founder Thomas Peterffy. Peterffy, a digital trading pioneer who founded the online platform in 1978, told MarketWatch in a phone interview on Thursday that Interactive …
Read More »The Tell: Apart from the major indexes like the S&P 500, markets are behaving like it is late in the cycle, says Morgan Stanley strategist
You would have a hard time convincing someone looking at the major U.S. stock-market benchmarks that it is looking like the end of the cycle. The S&P 500 SPX, +0.18%, for instance, has registered 12 record closes this year, climbed 15 out of the last 19 weeks and has gained …
Read More »Capitol Report: Measure the economy by the Dow? Buttigieg says ‘no’
Getty Images Pete Buttigieg participates in the Democratic presidential primary debate at St. Anselm College on February 07, 2020 in Manchester, New Hampshire. MANCHESTER, N.H. — Americans won’t hear much about stock-market performance and the economy in the same breath if Pete Buttigieg becomes president. “When I’m president, we’re going …
Read More »The Ratings Game: Uber is ready to join the FANG camp, analyst says after earnings
Uber Technologies Inc. is ready to join the ranks of Facebook Inc., Amazon.com Inc., Netflix Inc., and Alphabet Inc.’s Google, one analyst said after the company’s latest earnings report. RBC Capital Markets analyst Mark Mahaney reiterated his view that FANGU was perhaps a better acronym for big internet companies than …
Read More »Dow Jones Newswires: Coronavirus to cause temporary disruption to China’s economy, PBOC says
BEIJING — China is considering possible countermeasures to cushion the blow from the coronavirus outbreak that is expected cause a temporary disruption to the economy, a central bank official said. “The coronavirus outbreak will be temporary and will not change the long-term improvement of China’s economy,” Pan Gongsheng, a vice …
Read More »NewsWatch: ‘Godfather’ of technical analysis says stock-market downturn is going to get worse: ‘I am looking at a 10% drop maybe a little bit more’
MARKETWATCH FRONT PAGE It is going to get worse before it gets better for the stock market, says prominent technical analyst Ralph Acampora. See full story. ‘My daughter has been chiding me for frivolously spending her inheritance. Now she won’t speak to me’ ‘My financial adviser assures me that if …
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