Stock volatility, ETF rise drive rethink of post-flash crash U.S. rules The U.S. Securities and Exchange Commission is now pouring through the trading data from Aug. 24 to get a better idea of what might be done to dampen the volatility in ETFs, many of which saw their prices diverge widely from the stocks they were tracking, said a person familiar with the regulator's thinking. The SEC has been looking to adjust the rules for some time,...
| By: John McCrank, Sarah N. Lynch and Jessica Toonkel
DIARY- Top Economic Events to Sept 15 PARIS- French Finance Minister Michel Sapin holds a press conference- 0500 GMT. AOMORI, Japan- Bank of Japan board member Takahide Kiuchi speaks in Aomori- 0130 GMT. MISSOULA, United States- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks before a Town Hall open forum- 0100 GMT.
Five Below falls aftermarket on 2Q sales and outlook PHILADELPHIA- Shares of discount retailer Five Below skidded in aftermarket trading after the company reported disappointing second-quarter sales and offered a soft forecast for the current quarter. Five Below focuses on teen and pre-teen customers, pricing all of its items at $5 or less, and it is opening new stores at a fast clip: At the end of the quarter it...
Source: The Associated Press
U.S. documentary 'Gasland' pivotal to anti-fracking movement -study BOSTON, Sept 2- An Oscar-nominated HBO documentary that showed American homeowners near hydraulic fracturing sites setting fire to their tap water may have been the main trigger for a surge in public opposition to the oil and gas production technique, according to a study to be published next month. The U.S. Environmental Protection Agency this year concluded...
SAFT ON WEALTH-Forget Wall St analysis, mine Twitter for trades NEW YORK, Sept 2- Investors might want to put aside all that Wall Street research and instead turn their eyes to Twitter. A new study by academics at Johns Hopkins University finds that crowd-sourced company earnings estimates and sentiment data generated by tweets may be both more accurate than Wall Street's offerings and help generate trading profits.
| By: James Saft