Markets

Stocks

BAT agrees to buy Reynolds for $49 billion

British American Tobacco has agreed a $49.4 billion takeover of U.S. rival Reynolds American Inc, creating the world's biggest listed tobacco company after it increased an earlier offer by more than $2 billion.

ETFs

Earnings

Short Sellers are Flocking to This ETF

As has been well documented in recent weeks, traditional retail stocks are languishing. Predictably, that trend is affecting the SPDR S&P Retail ETF (NYSEArca: XRT) and luring short sellers to the largest retail exchange traded fund. XRT and traditional retail stocks are being hampered by a holiday shopping season that saw many consumers turn to…

Australia ETF Starts 2017 in Style

The iShares MSCI Australia ETF (NYSEArca: EWA) has been one of the best-performing non-leveraged, single-country exchange traded funds tracking a developed market since early last year. Over the past 12 months, EWA, the largest Australia ETF, is up more than 33% and the good times are still coming for the fund. EWA is up nearly…