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WASHINGTON (MarketWatch) – Ahmed Mohamed, the Texas teen arrested after he brought a homemade clock to school, will attend a White House astronomy event but is not likely to get a one-on-one meeting with President Barack Obama, White House spokesman Josh Earnest said. At the daily briefing on Monday, Earnest said the House was pleased Mohamed was coming to the White House this evening but a personal meeting might not take place given the size of the event. Mohamed and his father stirred up controversy last week after they met with Sudanese President Omar al-Bashir, who is the first sitting president accused of war crimes by the International Criminal Court for allegedly leading a campaign of terror in Darfur.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

PayPal Holdings Inc. rose Monday after Deutsche Bank reiterated its buy rating on the company’s shares and raised the stock’s price target to $44 from $42. Deutsche Bank analyst Bryan Keane projected solid earnings when the company releases its quarterly results next week and noted that Paypal trades at a discount to its peers “despite significantly higher growth rates and unique digital payment asset.” Paypal shares gained 1.3% to $34.72.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

By Rachel Jefferson

Despite a decrease in the unemployment rate, it seems there has been no increase in the amount of young adults establishing their own households. The 18-34 age group is largely living with family or “doubling up” with multiple roommates. The rental market will see a large increase when millennials finally decide to move out, but until then, baby boomers are providing much of the demand for apartments.

Learn more from Axiometrics.

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From:: Property Management

By Rachel Jefferson

Despite a decrease in the unemployment rate, it seems there has been no increase in the amount of young adults establishing their own households. The 18-34 age group is largely living with family or “doubling up” with multiple roommates. The rental market will see a large increase when millennials finally decide to move out, but until then, baby boomers are providing much of the demand for apartments.

Learn more from Axiometrics.

…read more

From:: Property Management

The energy shares were among the weakest in the S&P 500 Monday, weighing on the large cap index, amid concerns about depressed demand for oil from China. The Chinese government said third-quarter economic growth came in at 6.9%, the slowest since the financial crisis, sparking worries about the impact on the oil market. The S&P 500 energy sector fell 2% as Pioneer Natural Resources Co. , Murphy Oil Corp. and Transocean Ltd. all dropped more than 4%. November West Texas Intermediate crude slid 1.8% to $46.39 a barrel while the S&P 500 edged up 1 point to 2,034.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

The energy shares were among the weakest in the S&P 500 Monday, weighing on the large cap index, amid concerns about depressed demand for oil from China. The Chinese government said third-quarter economic growth came in at 6.9%, the slowest since the financial crisis, sparking worries about the impact on the oil market. The S&P 500 energy sector fell 2% as Pioneer Natural Resources Co. , Murphy Oil Corp. and Transocean Ltd. all dropped more than 4%. November West Texas Intermediate crude slid 1.8% to $46.39 a barrel while the S&P 500 edged up 1 point to 2,034.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

The Securities and Exchange Commission settled charges Monday against two UBS advisory firms that failed to disclose a change in investment strategy at a UBS closed-end fund they advised. UBS Willow Management LLC and UBS Fund Advisor LLC will pay $17.5 million, with more than $13 million going to harmed investors, the SEC said. The closed-end fund was advertised as primarily invested in distressed debt, a strategy that is successful if the debt increases in value. After nine years of investing the fund’s assets consistent with the strategy the advisors changed course in 2008 and started purchasing large quantities of credit default swaps, a strategy that is successful if the debt decreases in value, according to the SEC. The fund performed poorly due to the change in strategy and was liquidated in 2012. UBS Willow Management and UBS Fund Advisor did not admit or deny the charges.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

The Securities and Exchange Commission settled charges Monday against two UBS advisory firms that failed to disclose a change in investment strategy at a UBS closed-end fund they advised. UBS Willow Management LLC and UBS Fund Advisor LLC will pay $17.5 million, with more than $13 million going to harmed investors, the SEC said. The closed-end fund was advertised as primarily invested in distressed debt, a strategy that is successful if the debt increases in value. After nine years of investing the fund’s assets consistent with the strategy the advisors changed course in 2008 and started purchasing large quantities of credit default swaps, a strategy that is successful if the debt decreases in value, according to the SEC. The fund performed poorly due to the change in strategy and was liquidated in 2012. UBS Willow Management and UBS Fund Advisor did not admit or deny the charges.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

WASHINGTON (MarketWatch) — The Commodity Futures Trading Commission said it’s suing a Chicago trader for alleged spoofing and using a “manipulative and deceptive device” while trading on four different futures exchanges. Igor Oystacher and his proprietary trading firm, 3 Red Trading, were charged with a spoofing scheme on contacts tied to the S&P 500, crude oil, natural gas, copper and the VIX volatility index. Spoof orders are those designed to induce others to act but are intentionally cancelled. The complaint said Oystacher used a commercially available trading platform, which wasn’t named.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

WASHINGTON (MarketWatch) — The Commodity Futures Trading Commission said it’s suing a Chicago trader for alleged spoofing and using a “manipulative and deceptive device” while trading on four different futures exchanges. Igor Oystacher and his proprietary trading firm, 3 Red Trading, were charged with a spoofing scheme on contacts tied to the S&P 500, crude oil, natural gas, copper and the VIX volatility index. Spoof orders are those designed to induce others to act but are intentionally cancelled. The complaint said Oystacher used a commercially available trading platform, which wasn’t named.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News