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Market News

Location American Market News for 9 November 2017

Sina Shows Its Disregard for Shareholders

Wall Street Journal - 9 Nov 2017 08:07
The U.S.-listed Chinese company has given its chairman extra voting rights to fend off activist investors.
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Waves Set To Become Fastest Decentralized Blockchain Platform Globally The Waves platform, the brainchild of a Moscow-based physicist that completed an Initial Coin Offering (ICO) last year and attracted around $16 million (30,000 bitcoin), is implementing new technology to allow its networ...
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Here's What You Can Do To Prepare For The Next Crash With the market setting new highs, many are worried that valuations have reached levels where it makes sense to prepare for the next crash. But, short of getting out of the market, or buying a double, triple, or quadrupl...
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Nvidia bounces after earnings beat

CNBC - 9 Nov 2017 22:36
Analysts forecast double-digit growth in revenue and EPS year over year, representing a slowing in the chipmaker's record-setting run.
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News Corp. smashes earning expectations

CNBC - 9 Nov 2017 22:31
The Wall Street Journal, a flagship property, is in the midst of a reorganization to become a digital-first operation.
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Wall Street will be watching closely to see how the store is performing as a potential buyout is on hold.
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A Bit of Holiday Cheer From Retailers

Wall Street Journal - 9 Nov 2017 22:24
Retailers are confident that shoppers will visit their stores during the holiday season. Investors who procrastinate may miss out.
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Disney has been at the center of both deal chatter and an investigation that looked into its financial dealings with the California city of Anaheim.
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How Facebook Can Monetize WhatsApp

Forbes - 9 Nov 2017 22:18
Facebook's messaging app, WhatsApp, has one of the largest user bases in the world. However, WhatsApp's current monetization is relatively paltry compared to the magnitude of its user base (not to mention the rest of Fac...
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Bourses, brokers protest Sebi diktat on client order evidence ANMI, exchanges claim it is impossible to have recording phones at every terminal with sufficient accuracy of voice identification and then retrieving such records
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Govt reforms have led to lower leakages, higher accountability: Haren Shah Haren Shah, managing director, head of investments, Taurus Wealth Advisors on the long-term market sentiment for India amid various government policies
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Expect Boston Scientific's Rhythm Management Growth To Slow Down Boston Scientific's Rhythm Management business accounts for around 20% of the company's value, according to our estimates. The segment primarily includes products such as pacemakers, implantable cardioverter defibrillato...
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FICC Trading Revenues At Five Largest U.S. Banks Tank In Q3 Due To Low Volatility Banks around the globe saw their fortunes in the FICC (fixed income, currencies and commodities) trading industry decline further over the third quarter, as extremely low market volatility weighed on FICC trading revenue...
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The North Korea Phenomenon And Managing Risk During Perceived Crises Despite the recent rising tensions with North Korea, the MSCI Korea Index has gained over 30 percent this year, double the return of the global MSCI All Country World Index. In the face of such contradictions, how should...
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AstraZeneca's drug sales fell again in the third quarter, hit by generic competition to former blockbusters like cholesterol pill Crestor.
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D.R. Horton reported a better-than-expected profit and raised its fiscal 2018 revenue and cash flow forecasts.
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iPhone X Is More Lucrative To Apple Than Previously Estimated Research firm IHS recently published its preliminary bill of materials analysis for Apple's new flagship iPhone X, estimating that the 64 GB version of the smartphone costs about $370 to build. This is well below previou...
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Is Anything Not "Baked In" To The Markets?

Forbes - 9 Nov 2017 18:34
Is Anything Not Judging by the markets and those whose business it is to analyze them, it seems that all economic and geopolitical news is already "baked in" to market valuations.
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Key Takeaways From Fox's Fiscal First Quarter Earnings 21st Century Fox (NYSE: FOX) reported better-than-expected fiscal first quarter results, as its earnings per share were in line and revenues came in ahead of market expectations. The company's stock moved up slightly aft...
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What To Make Of Costco's October Comparable Sales Costco's stock has increased slightly since it reported strong October sales last week. The retailer's net sales grew 10% year-over-year (y-o-y) to $10.2 billion in October, and the company's comparable sales increased a...
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The recent Atlantic hurricane season resulted in earnings pressure for most U.S. property and casualty (P&C) insurers in the U.S., including AIG (NYSE: AIG), during the third quarter of 2017.
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Starbucks' Howard Schultz: GOP Tax Plan Is 'Fool's Gold' That Doesn't Help Vulnerable Americans Starbucks chairman and former CEO Howard Schultz has never been one to hold back on giving his opinion about the state of the country -- and on Thursday, speaking at a conference in New York City, Schultz continued his o...
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