The Traderszone Network

Seven of 10 major S&P 500 sectors rose, with a 3.3 percent jump in energy stocks (.SPNY) leading the way. Helping global and U.S. stocks, the European Central Bank kept its main rates on hold and Draghi said the central bank would “review and possibly reconsider” its monetary policy as early as March. In the prior session, the relentless drop in oil prices and fears of a China-led global economic slowdown sent the S&P 500 to its lowest since October 2014.

Former drug executive Martin Shkreli plans to assert his right against self-incrimination and remain silent if he is forced to appear next week at a congressional hearing about drug prices, according to a letter seen by Reuters. Shkreli’s lawyer informed the U.S. House Committee on Oversight and Government Reform of his intent not to answer questions and asked that Shkreli be excused from appearing, committee chairman Jason Chaffetz wrote in the letter dated Wednesday to his lawyer, Baruch Weiss.

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From left: Pamela Liebman (Credit: Max Dworkin) and Robert Doernberg

After a brief stint as a sales agent, longtime sales director Robert Doernberg will join the management team at the Corcoran Group.

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“A hard landing is practically unavoidable,” Soros said on Bloomberg from Davos. China can manage it. Soros said the slowdown in China stemming from over-indebtedness is inflicting its problems on the rest of the world.

Oil nations budgets hit hard, markets in turmoil
Norway owns the world’s largest sovereign wealth fund with $780 billion of the country’s oil wealth invested in global markets.

The engine maker seems to be firing on all cylinders.

The company canceled a tender offer to buy $200 million of its own stock.