Luke Kawa
Yahoo Finance
New York, NY, United States
Contact Lucas
Discover and connect with journalists and influencers around the world, save time on email research, monitor the news, and more.
| Recent: |
|
| Past: |
|
Past articles by Lucas:
Goldman Says Stocks Due for 18% Drop After Rally Driven by FOMO
(Bloomberg) -- In the equity market, fear of missing out seems to be overshadowing fear of all that’s wrong with the economy. Goldman Sachs Group Inc. says pessimism will soon get the upper hand and send the S&P 500 Index down almost 20% in the next three months.Fiscal and monetary support over the past → Read More
Amazon Worker Who Led Strike Over Virus Says Company Fired Him
(Bloomberg) -- Chris Smalls, an Amazon.com Inc. fulfillment center employee, said the company fired him after he led a strike at a warehouse in Staten Island, New York, over coronavirus safety conditions.“Taking action cost me my job,” Smalls said Monday in a Bloomberg TV interview. “Because I tried → Read More
Stock Market Volatility Tops Financial Crisis With VIX at Record
Volatility in U.S. stocks surged to a record after benchmark indexes suffered the biggest rout since 1987. The Cboe Volatility Index ended Monday at 82.69 as the S&P 500 Index tumbled 12%. The fear gauge’s prior closing high was 80.86 on Nov. → Read More
Reddit’s Profane, Greedy Traders Are Shaking Up the Stock Market
Chatter on message boards is reshaping the options market and sparking wild rallies. → Read More
Reddit’s Profane, Greedy Traders Are Shaking Up the Stock Market
In a dingy corner of the internet is a message board, soaked in profanity, bro-speak, and greed, where posters with handles such as OverthrowYourMasters and yolo_tron campaign for their favorite stocks, putting up screenshots from their online brokerage accounts of their → Read More
Wealthfront Created a Hedge Fund-Style Product. It’s Down About 5%
The Wealthfront Risk Parity Fund, announced in early 2018, was styled after the esoteric calculations of famous hedge fund manager Ray Dalio. Since then, the fund has amassed more than $860 million in assets under management according to Bloomberg data, and has become a lightning rod for controversy → Read More
Oil Downside Risk at Four-Year High on OPEC Inaction Fears
Energy traders are bracing for an OPEC-induced sell-off like it’s 2014 all over again. Investors are terrified that major producers are about to pull the rug out from under prices at their Dec. 6 meeting, a replay of four years ago when the group elected to forgo output curbs. → Read More
Amazon Earnings Swoon Strips It of No. 2 Market-Cap Ranking
Amazon.com is no longer the world’s second most valuable company. The online retailer plunged 6.7 percent to $1.662 as of 2 p.m. in New York, leaving it with a market capitalization of just under $813 billion. The stock is down almost 20 percent from a record $2,039.51 set Sept. → Read More
Amazon Investigates Report That Employees Leaked Data for Bribes
Amazon.com Inc. is conducting an investigation into employees that are said to offer sellers on its e-commerce program with an advantage by providing confidential internal data and other services in exchange for a fee. Employees are allegedly selling information on sales and searches to the independent → Read More
At Morgan Stanley, U.S. Stock Leaders Are Most Beloved and Hated
Morgan Stanley thinks the growth stocks that have pushed the S&P 500 Index to record highs are poised to roll over, sparking a double-digit decline in U.S. equities. The stark contrast in Morgan Stanley’s outlook for growth stocks is a study in how assessing the short-term future prospects for even → Read More
Trump Topples U.S. Exceptionalism in Markets as World Catches Up
President Donald Trump may have put a lid on American exceptionalism in financial markets. → Read More
Gold Refuses to Shine for Investors in Search of a Haven
So much for gold’s time to shine.The precious metal sank to its lowest level in more than 19 months on Wednesday, even as global equities came under pressure.Bullion is a presumptive beneficiary of the safe-haven flows that typically accompany equity market retreats. But its recent behavior shows it’s been anything but a reliable hedge for a portfolio of risk assets. → Read More
Gold Refuses to Shine for Investors in Search of a Haven
The precious metal sank to its lowest level in more than 19 months on Wednesday, even as global equities came under pressure. Bullion is a presumptive beneficiary of the safe-haven flows that typically accompany equity market retreats. The weekly swings in gold and the S&P 500 Index are now nearly → Read More
Tencent Sends Emerging-Market Shares to Third-Worst Day of Year
Investors were looking for contagion in all the wrong places. → Read More
World-Beating U.S. Stocks Show No Sign of Falling Back to the Pack
As U.S. stocks continue to trounce the rest of the world, investors have started worrying the party’s almost over. It isn’t, according to Bespoke Investment Group. → Read More
Turkey Meltdown Propels Lira Volatility Above Bitcoin
The Turkish lira is so volatile it’s making Bitcoin look tame by comparison. The 10-day swings in the lira relative to the U.S. dollar now exceed those for Bitcoin amid Turkey’s escalating currency crisis. → Read More
Tesla Option Traders Are Betting on a Quick Trip to $420 Shares
Traders are making cheap bets that Tesla Inc. might see a quick charge to $420. → Read More
Stocks Give Trump a $1.3 Trillion Reason to Escalate the Trade War
It turns out that a trade war isn’t enough to tarnish President Donald Trump’s favored report card: the American stock market. → Read More
Stocks Give Trump a $1.3 Trillion Reason to Escalate the Trade War
It turns out that a trade war isn’t enough to tarnish President Donald Trump’s favored report card: the American stock market. The S&P 500 Index logged back-to-back gains the past two sessions that pushed the benchmark close to its January record, despite China’s unveiling of tariff plans on Friday. → Read More
Inventories of High-Grade Debt Turn Negative for First Time Ever
“Excess demand conditions” in the U.S. investment-grade debt market pushed dealer inventories of these bonds into negative territory for the first time ever, according to Bank of America Merrill Lynch. Primary dealers are net short U.S. investment grade debt to the tune of about $240 million, estimates → Read More