Stephen Wood, Chief Market Strategist at Russell Investments talks with Bobbi Rebell about why he believes investors should sell into rallies as the S&P 500 hits another intraday high.
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Monday, August 1, 2016
Stress tests fail to soothe banking nerves
With the ink barely dry on its bailout plan, Italian bank Monte dei Paschi di Siena faces a Herculean task convincing investors to back a third recapitalisation in as many years and avert a banking crisis that would send shockwaves across Europe. David Pollard reports.
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Breakingviews: Uber's China U-turn
The U.S. ride-hailing app is selling its Chinese arm to local rival Didi Chuxing, and will keep a stake in the enlarged business. Rob Cyran and Jeffrey Goldfarb discuss the implications.
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Tesla buying SolarCity for $2.6 bln.
The deal aims to make Tesla a one-stop shop for solar panels, storage, and electric cars. Fred Katayama reports.
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World's first 3D printing restaurant opens
The world's first 3D printing restaurant opens in London with the promise of a future in which you can download your dessert or have pizza delivered by e-mail. Rosanna Philpott reports
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Factories struggle as world demand splutters
Manufacturing growth across the euro zone eased in July and signs of a sharper slowdown outside powerhouse Germany may add to calls for the ECB to loosen policy again. As David Pollard reports, activity in China's manufacturing sector also eased unexpectedly.
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Arts & business crafts at Cape Town agency
A South African entrepreneur wants young people from disadvantaged backgrounds to come together to forge new ideas - Dillion Phiri's 'Creative Nestlings' agency showcasing the work of emerging designers, artists and musicians who want to earn from their art. David Pollard reports.
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