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Market News

Location American Market News for 14 February 2017

China's Electric Vehicle Market Hits the Skids

Wall Street Journal - 14 Feb 2017 13:31
Aggressive scaling back of broad-based state subsidies to promote electric cars seems to be at play in the fall of China's electric car market.
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LendingClub Still Losing Money As Costs Rise The online lender continued to recoup its loan volume in the fourth quarter.
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The sporting goods company saw same-store sales decline 2.2 percent in the fourth quarter.
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BSE companies' market capitalization hits record Rs116 trillion Mutual funds and strong domestic investor interest fuelled mid- and small-cap stocks, along with the front line indices
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PepsiCo Stock Loses Its Fizz

Wall Street Journal - 14 Feb 2017 22:19
PepsiCo stock's best days might be behind it after its recent rally stalled
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Trump's Red Line Was Just Crossed And He Blinked: The Geopolitical and Economic Fallout North Korea just went eyeball to eyeball with Donald J. Trump and Trump blinked. If our President is actually as impotent, incompetent and incoherent as he seems, we need to understand the geopolitical and economic ramif...
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Don't Ignore Politicians' Ire Over Orphan Drugs

Wall Street Journal - 14 Feb 2017 21:09
Biotech investors can't look past changing drug-pricing attitudes in Washington.
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As it competes with e-commerce giant Amazon, WalMart is pushing digital initiatives which offer consumer convenience. Recently, the company launched its Scan and Go app for Android users, initially in a testing phase in ...
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GM's Adieu to Europe---And to Global Scale

Wall Street Journal - 14 Feb 2017 21:01
The possible sale of GM's European operations, including the Opel brand, to Peugeot is a rebuke to the bigger-is-better strategy of global car makers.
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Mohamed El-Erian Says Economy At Fork In The Road, President Trump Picking The Path President Trump has set up a "tug of war between pro- and anti-growth policies," according to Mohamed El-Erian
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Market roundup | Global stocks hit a bump, dollar turns weak Equities slide, dollar drops after Trump adviser Flynn resigns. In other news, mining resumption drives freight growth at ports, cotton prices hit two-year high
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This Year, Don't Fight the Fed

Wall Street Journal - 14 Feb 2017 19:23
Investors still doubt Janet Yellen's resolve to boost interest rates three times, but this is the year the Federal Reserve will get the economy right.
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Why Mnuchin Must Keep The Dollar Strong

Forbes - 14 Feb 2017 19:14
Why Mnuchin Must Keep The Dollar Strong Despite claims to the contrary, letting the dollar drop would do little to boost the economy.
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Activist Activity--The Shifting Tides Of Shareholder Engagement In The U.S. And U.K. In the early days of shareholder activism, there were markedly different activist campaign strategies in the two jurisdictions--the U.S. associated with more hostile, public proxy fights, and the UK often reaching settle...
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Electric car boom spurs investor scramble for cobalt

livemint.com - 14 Feb 2017 17:10
Electric car boom spurs investor scramble for cobalt Prices for cobalt metal have climbed nearly 50% since September to five-year peaks around $19 a lb as stricter emissions controls boost demand for electric vehicles
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China's Noble Group Gambit Latest 'Go' Signal for Commodities

Wall Street Journal - 14 Feb 2017 16:46
Investment talks come as Chinese chemical prices, feedstock costs and commodity futures move sharply higher.
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A Storm Is Brewing Over Europe

Forbes - 14 Feb 2017 16:46
A Storm Is Brewing Over Europe Nationalism is an existential threat not just to Germany but to the whole eurozone.
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Credit Suisse's Universally Bad Idea

Wall Street Journal - 14 Feb 2017 16:28
Credit Suisse's results show its plans to spin off Swiss Universal Bank is a wasted effort.
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Biotech IPOs Slow As Trump-Sown Uncertainty Rattles Nerves On Wall Street The chatter from the White House on reining in drug prices and reforming the FDA may be causing some biotechs to delay their IPOs.
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Here's How Amazon Payments Can Drive Profitability For The Company Amazon announced that more than 33 million customers have used its payments service. This is an increase of 10 million over the 23 million as of last April. In 2016, the payment volume on "Pay with Amazon" nearly doubled...
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Hyatt will report its fourth quarter earnings on February 16th and consensus estimates suggest marginal growth in revenues. After declining by nearly 2% in 2015, Hyatt's revenues have grown this year despite major renova...
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Meet The 29-Year-Old Who Paid Off $113,000 In Student Loans: Part 2 She paid off all $113,000 of her student loan debt. And she's only 29. This is Part 2 of her incredible student loan journey.
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