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FedEx and UPS Set to Deliver Gains During Santa Claus Rally

Package delivery giants FedEx Corp. (FDX) and United Parcel Service Inc. (UPS) have had similar volatile rides lower so far in 2018. Both set all-time intraday highs in January and set their 2018 lows this week. If you believe stocks are going to have a Santa Claus Rally, these stocks should rebound. Without renewed strength

Business & Finance

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The Final Barrier for One Last Bull Market High

Here’s what you need to know about the tariff effect. TheStreet’s Martin Baccardax breaks down what the tariffs and the trade truce mean for the markets as the year comes to a close. He said that he believes that the worry about tariffs may be the one thing keeping us from one final bull market high

Funds

Jonathan

Hedge fund Highfields Capital to close, return billions to clients

Boston hedge fund Highfields Capital Management is returning billions in client money and converting into a family office, founder Jonathan Jacobson told investors in a letter Wednesday. The decision to return money to investors would mark one of the largest hedge fund closings in recent history. Jacobson started the $12.1 billion stock-trading firm in 1998

Bonds

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10-year U.S. government bond yield pushes below 3% as stocks come off highs

Treasury yields broke below key psychological levels on Monday as stocks gave up a chunk of their opening gains. The rally in government debt, which drove Treasury prices higher and rates down, came in late-morning action after fading euphoria around a tentative deal with President Donald Trump and China’s leader Xi Jinping this weekend to

Commodities

Oil ends at a 1-week low after failing to extend Friday’s OPEC-led price surge

Oil futures settled at their lowest in roughly a week on Monday on growing concerns over a slowdown in energy demand, failing to extend last week’s rally in prices following the OPEC-led agreement among major producers to cutback on production. West Texas Intermediate crude for January delivery CLF9, +0.37%  fell $1.61, or 3.1%, to settle

Currencies

Euro slips as traders digest Merkel comments, dollar eyes best month since May

The euro slipped against the U.S. dollar on Monday after German Chancellor Angela Merkel announced she would step down as party leader and not run for political office again after her term ends in 2021. That means Merkel’s tenure as head of the center-right Christian Democratic Union will end in December. The chancellor suffered a

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