Shares in mining and trading company Glencore fell almost 30% and closed at a record low on Monday over concerns it is not doing enough to cut its debt to withstand a prolonged fall in global metals prices.
This is an unraveling puzzle that has taken almost eight years to reveal perhaps only a portion of its many facets.
I am calling it an “Onion Pattern” because each time I uncover a layer, I find another fascinating layer.
U.S. stock futures pared some gains on Wednesday, but kept Wall Street on track to open higher, after weaker-than-expected private U.S. jobs data, raising the odds that the Federal Reserve would not raise interest rates this month.
New U.S. single-family home sales rebounded in July and consumer confidence increased to a seven-month high in August, pointing to underlying strength in the economy that could still allow the Federal Reserve to raise interest rates this year.
In our new section, FINtech Focus, we will profile one of these firms. While FINtech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. This week we take a look at Market Prophit.