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Market News

Location American Market News for 8 December 2017
Litecoin Hits Record High, Jumping 38% In 9 Hours Could Litecoin be the next cryptocurrency to sustain major jumps before year's end?
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Is The Slide In Semiconductor Stocks Over?

Forbes - 8 Dec 2017 23:57
Is The Slide In Semiconductor Stocks Over? The technology shares after making a low on Wednesday rallied into the end of the week. There has been plenty of carnage in some of the best performing stocks but is the decline from the November 22th high already over? ...
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Ten Largest Card Lenders Account For More Than 70% Of The U.S. Card Industry The U.S. card industry crossed the $1 trillion mark for the first time in Q3, as increasing penetration of credit cards in the country coupled with the overall shift towards cashless transactions helped card balances jum...
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CBS's Headcount Reductions Unlikely To Have Much Of An Impact CBS Corporation recently announced that it is laying off staff in its network and syndication businesses in order to trim costs. This restructuring is reportedly relatively small (around 50 staff members) and not conside...
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The Wild West Of Crypto Futures: BitMEX's CEO Predicts More Bitcoin Volatility To Come Forbes 30 Under 30 VC alum Alice Lloyd George sat down with BitMEX CEO Arthur Hayes to talk cryptocurrency futures and what's happening next in the fast-moving cryptocurrency market.
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A Look At SAP's 2017 So Far

Forbes - 8 Dec 2017 21:15
Software giant SAP continued its strong performance in 2017, with its top line growing at more than 9% in the first three quarters of the year and beating market expectations. Aided by a phenomenal increase in new cloud ...
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What To Make Of J&J's First Xarelto Lawsuit Loss Johnson & Johnson and Bayer were recently ordered by a Philadelphia court to pay $28 million in damages to an Indiana couple, related to internal bleeding about which the companies did not sufficiently warn patients.
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Litecoin Reaches New High, Up Nearly 3,000% This Year Litecoin has climbed nearly 3,000% this year. What's next for this cryptocurrency?
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Anheuser-Busch InBev has reserved 40 of Tesla's upcoming electric Semi trucks, in what is likely the largest order for the new truck to date
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Morgan Stanley became the newest entrant in the rapidly growing robo-advisory industry recently with the launch of its online investing platform, Morgan Stanley Access Investing.
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Broadcom's Biggest Challenge With Qualcomm

Wall Street Journal - 8 Dec 2017 19:42
Broadcom's solid results also show what a challenge integrating Qualcomm would be.
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Paint Giants Still Primed for an M&A Wave

Wall Street Journal - 8 Dec 2017 19:24
One might be forgiven for thinking that some paints just don't mix. But despite three failed deals this year, the strategic and financial logic for mergers in the paint industry remains strong.
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The price of bitcoin isn't always what you think it is Bitcoin trades on dozens of exchanges and at different prices, but as its price rises more rapidly into the tens of thousands, the price gap seems to be getting worse
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How Tight a Job Market Is Too Tight for the Fed?

Wall Street Journal - 8 Dec 2017 17:52
The labor market is red hot except for wage growth. The Federal Reserve probably won't have to wait long for more signs that conditions are tight enough to keep raising rates.
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India INX gets Sebi go-ahead for listing of debt securities With the approval for debt listing, India INX expects a significant increase in its daily trading volumes
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Steve Case And Elon Musk: Tech Titans Who Bravely Venture Into Fly-Over Country Case's new fund focuses on the geography of fly-over states, where the US extracts, grows, makes physical stuff; credit Musk for his full-throttle focus on what is, for Silicon Valley, a kind of virtual fly-over country ...
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How Small-Business Owners Can Keep Good People: Offer Better Retirement Plans To keep employees happy, many small business owners use SIMPLE IRAs as retirement plans. But many would be a lot better off shifting to 401(k)s. Here's why.
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It's Actually Okay To Completely Ignore Bitcoin's 1,400% Rally If you haven't noticed, Bitcoin is up over 1,400% this year. Here's how to avoid feelings of FOMO that could actually destroy your financial plans.
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November Payrolls Add 228,000 Jobs As Salaries Show Meager Growth The American job market is chugging along -- but after more than seven years of sustained job gains, the situation on the wage front remains frustratingly stagnant.
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Brexit Breakthrough Leaves Thorniest Problems for Later

Wall Street Journal - 8 Dec 2017 15:18
The U.K. is hailing a Brexit breakthrough. It is more a small step toward confronting even bigger political, financial and economic issues.
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Debugging Public Blockchains To Secure ICO Markets And Prevent A Crypto-Crash The lack of regulatory oversight and void of governance or standardization of blockchain processes in the ICO market have created an optimal attack surface for crypto-criminals.
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What Department Stores Must Do To Capitalize On Holiday Gains Kohl's, J.C. Penney and Macy's have seen some encouraging signs for their businesses in the days since Thanksgiving, but in order to keep the momentum going, these troubled retailers will need to present a "unified" expe...
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