Ascena Retail stock plunged 20 percent in extended trading after the company posted weak guidance for the upcoming financial quarter. That news overshadowed earnings and revenue that met Wall Street expectations. In a statement Chief Executive David Jaffe called the most recent quarter "disappointing," due to "fashion missteps that we cannot afford in today's environment," … Continue reading Stocks making the biggest moves after hours: ASNA, AAP & more
Bitcoin hits all-time high above $11,700 as recovery accelerates
Bitcoin jumps 8 percent to an all-time high of $11,773.83, according to CoinDesk The gain marks a surge of 30.5 percent, or nearly $2,753, from a Thursday low of $9,021.85 Bitcoin had topped $11,000 Wednesday, only to drop more than $1,000 in a few hours amid high trading volume that exchanges initially struggled to keep … Continue reading Bitcoin hits all-time high above $11,700 as recovery accelerates
‘Corbyn fear’ sees pension fund body advise Labour council to invest abroad
A Labour-controlled council has been advised to invest some of its £250m in pension assets overseas because of the “political risk” of a Labour election victory and “renationalisation” by a Corbyn-led government. A Camden council document posted online last week summarises the advice given by London CIV, a £5.6bn fund management group set up by … Continue reading ‘Corbyn fear’ sees pension fund body advise Labour council to invest abroad
Greece, lenders reach deal on reforms under bailout review
"The institutions' visit is completed, we closed the staff level agreement," Greece's Finance Minister Euclid Tsakalotos told reporters on Saturday Under the deal, Athens will need to implement a broad set of reforms as part of the so-called third review of its bailout program Greece and its euro zone creditors reached a preliminary deal on … Continue reading Greece, lenders reach deal on reforms under bailout review
Bitcoin: is it a bubble waiting to burst or a good investment?
Disciples of the cryptocurrency plan to hold on for dear life but traditional finance is getting twitchy Bitcoin is the fastest-growing asset in the world this year, but the virtual currency does not appear to have many users in London’s tech district. It has been more than a month since bitcoin was used to buy … Continue reading Bitcoin: is it a bubble waiting to burst or a good investment?