Fall-off in Indian weddings bodes ill for jewelers, gold MUMBAI, May 24- Fewer auspicious days later this year compelled Ramesh Phalke, an auto company employee in India's Maharashtra state, to hold his daughter's wedding in May. Gold is an essential part of the bride's dowry in India and also a popular gift from family and guests at weddings. "Jewelry demand could drop by 30 percent in the second half due to fewer weddings,"...
| By: Rajendra Jadhav
Ireland first country to vote yes on gay nuptials Ireland is now the first nation to approve same-sex marriage by a popular vote, sweeping aside Catholic Church opposition, The NY Times reports.
Source: The New York Times
| By: By Danny Hakim and Douglas Dalby
4 plays on summer vacation stocks "Fast Money" traders discussed stocks that will benefit from warm weather and travel, including Walt Disney and Boston Beer.
| By: Jacob Pramuk
Unicorn bubble trouble brewing? Kevin Kinsella, Avalon Ventures founder, provides insight into venture capital firms betting big on startups and whether the play is getting too crowded.
ANALYSIS-Active stock fund managers load up on ETFs, scrimp on cash NEW YORK, May 22- If you can't beat them, buy them. That's the theory underlying a move by a growing number of mutual fund managers at companies including T. Rowe Price and Eaton Vance to slip shares of indexed exchange traded funds into their actively managed fund portfolios. Putting money into ETFs rather than having it sit in cash is a "cheap and efficient way to gain...
| By: David Randall and Jessica Toonkel
UPDATE 1-Philippines to import 250,000 T of rice, maybe more if El Nino worsens *Vietnam, Thailand, Cambodia qualified to bid. The move would be good news for regional rice markets that have been flagging this year due to oversupply, with an official telling Reuters by text that Vietnam, Thailand and Cambodia were qualified to submit offers. The Southeast Asian nation recently bought 500,000 tonnes via government-to-government deals...
| By: Enrico Dela Cruz
5 plays on big-name retail stocks "Fast Money" traders discussed how to play retailer Gap's mixed earnings report and CVS' acquisition of Omnicare.
| By: Jacob Pramuk
Tribune Publishing completes purchase of San Diego paper SAN DIEGO- Tribune Publishing Co. said Thursday that it completed its purchase of San Diego's dominant newspaper from real estate developer Douglas Manchester for $85 million. "The Union-Tribune and The Times will share resources- and a singular commitment to quality journalism- but each will maintain its own, independent editorial voice," Beutner, publisher...
Source: The Associated Press