Category Archives: New York Stock Exchange (NYSE)

Stock Market records after President Trump’s comments on Iran attack sparks ‘sigh of relief’ rally

Stocks rose on Wednesday after President Donald Trump spoke about an attack by Iran at an Iraqi airbase that hosts American troops which led to a massive sell-off in overnight trading.   President Trump said Iran appeared to be “standing down” after they attacked the Al Asad airbase. But the U. S. President added the U.S. […]

Wall Street Journal: Two Distressed-Asset Hedge Funds Bar Clients from Withdrawing Money

The Wall Street Journal reports that distressed-asset hedge-fund firms York Capital Management and Southpaw Asset Management are barring clients from getting back all of the money they have requested for year-end.    This is a sign of the pressure that investors in distressed assets are facing.