The Traderszone Network

With uncertainty rising and the ‘dog days’ of August approaching, investors should do a mid-summer portfolio cleaning now, writes Howard Gold.
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Crude-oil futures extended overnight losses in Asian trade Thursday, on bearish U.S. inventory data that sent the U.S.

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The dollar stayed strong and U.S. bond yields held firm on Thursday after data showed solid U.S. economic growth, even as the Federal Reserve repeated its message that it is in no hurry to raise interest rates. While the prospect of a solid U.S. recovery underpinned equities, many Asian shares slipped on profit-taking after

Argentina defaulted for the second time in 12 years after hopes for a midnight deal with holdout creditors were dashed, setting up stock and bond prices for declines on Thursday and raising chances a recession could worsen this year. After a long legal battle with hedge funds that rejected Argentina’s debt restructuring following its 2002 default, Latin America’s third-biggest economy failed to strike a deal in time to meet a midnight deadline for a coupon payment on exchange bonds.

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Target has tapped PepsiCo executive Brian Cornell as its new chief executive, the Wall Street Journal reports.

Sony said operating profit doubled in the April-June quarter, helped by a strong performance in its games and networks division.

Usually a sovereign default is negative for a country’s markets, but Argentina shares rallied to 20-year highs despite the overhanging threat.