Gundlach’s DoubleLine sees worst outflows since 2014 ‘taper tantrum’
DoubleLine Capital on Friday said its funds had collectively posted a net outflow of $990.5 million in November, the first month that share redemptions exceeded subscriptions since January 2014, during the Federal Reserve’s so-called “taper tantrum.” Tracking the trend of the overall market, the fund’s bond portfolios saw particular outflows, with the DoubleLine Total Return…
Cell Phone Drones Take Flight
http://www.bloomberg.com/news/videos/2016-12-02/cell-phone-drones-take-flight-video
How U.S. colleges, shady Chinese outfits hooked up
http://www.reuters.com/investigates/special-report/college-charities/
Italian Banks Flirt With Disaster Again
https://www.bloomberg.com/news/articles/2016-12-02/italian-banks-flirt-with-disaster-again-as-government-teeters
Schwarzman to Chair Trump Advisory Panel on Jobs With Dimon
http://www.bloomberg.com/politics/articles/2016-12-02/schwartzman-to-chair-trump-advisory-panel-with-dimon-on-jobs
OPEC History Shows Hard Work on Cuts Deal Is Only Just Beginning
https://www.bloomberg.com/news/articles/2016-12-01/opec-history-shows-hard-work-on-cuts-deal-is-only-just-beginning
OPEC Deal Hinged on 2 a.m. Phone Call and It Nearly Failed
https://www.bloomberg.com/news/articles/2016-12-02/opec-deal-hinged-on-2-a-m-phone-call-and-it-very-nearly-failed
The Closing Look
Stocks were mostly lower on Thursday as heavy selling showed up in the tech sector for the second straight day which dragged the market lower. The tech heavy Nasdaq 100 and many semiconductor stocks fell in heavy trade and broke down below key levels of support. In fact, the Nasdaq 100 has erased all of…
Friday Pre-Market Look: Stocks In The News Before The Open
Starbucks (SBUX) dropped over 3% in after-hours trading after CEO Howard Schultz stepped down as CEO and Lieutenant Kevin Johnson will take over effective April 3, 2017. Schultz will be focusing on a new line of high-end coffee shops. Five Below (FIVE) jumped over 10% in after-hours trading after it raised guidance on the low end…