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Market News

Location American Market News for 14 December 2017

Disney's Fox Deal Is Bet on the World

Wall Street Journal - 14 Dec 2017 15:09
Despite a global brand and some glitzy theme parks in Europe and Asia, Disney remains a quintessentially American company. After its deal with 21st Century Fox, Disney will be much more a citizen of the world.
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Why Apple Is Chipping In on Finisar

Wall Street Journal - 14 Dec 2017 00:01
Apple is awarding $390 million to Finisar, which makes the key components in the types of 3-D sensing arrays that Apple uses in its iPhone X to scan the user's face.
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A few weeks ago, Boston Scientific announced that its expected launch of Lotus Heart Valve in the EU and U.S. in early 2018 will be delayed. This spooked investors somewhat, and has contributed to a more than 10% decline...
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Pfizer's Bet On Oncology

Forbes - 14 Dec 2017 22:44
Pfizer's Oncology segment accounts for less than 20% of the company's value, according to our estimates. For many other major pharma companies, their oncology portfolios are larger contributors to their top lines, and Pf...
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Crypto Watch: TRON (TRX) Price Surges Over 500% In A Week, Outperforming BTC, LTC, And ETH You've seen the big moves made in Bitcoin (BTC), Litecoin (LTC), and Ripple (XRP), but TRONIX (TRX) has grown faster than any of them this week.
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Wells Fargo's Shrinking Loan Portfolio Drags Down Market Share Of Largest U.S. Banks The total loan portfolio of the five largest U.S. banks crossed $3.7 trillion for the first time in Q3 2017. However, outstanding loans for these banks have grown by just 1.8% over the last twelve months - a figure that ...
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T-Mobile said that it would launch its own pay TV service next year while announcing that it was acquiring Layer3 TV, an Internet-based pay-TV company that will give the carrier the technology backbone for the new servic...
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The Five Largest U.S. Banks Hold More Than 40% Of All Deposits Total deposits for the five largest U.S. banks have grown by 4.3% over the last twelve months - above the industry-wide growth figure of under 4%.
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Target recently announced that it has agreed to acquire Shipt, a company that delivers same-day groceries. The retailer plans to leverage its network of stores and Shipt's technology platform and community of shoppers to...
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I-T dept surveys 'extremely routine', says bitcoin exchange Coinsecure Coinsecure says income tax department officials had requested data to try and analyse taxability of bitcoin and cryptocurrencies
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No Sequel to 'Massacre at the Shopping Mall'

Wall Street Journal - 14 Dec 2017 20:26
Amazon didn't stop retailers' Christmas from coming. Somehow or other, it came just the same.
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Fox Gives Disney Muscle for Next Net Fight

Wall Street Journal - 14 Dec 2017 20:18
Getting bigger as Disney is doing gives it improved leverage to negotiate favorable distribution terms with cable and wireless companies, which stand to gain by the rollback of net neutrality.
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Some Last Minute Gift Ideas That Made Solid Financial Sense Don't just give a sweater this year. Give a gift that is thoughtful and could also be financially savvy!
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IBM & Walmart Launching Blockchain Food Safety Alliance In China With Fortune 500's JD.com IBM - aka 'Big Blue' - together with Walmart, Nasdaq-listed Chinese retailer JD.com and Tsinghua University are to collaborate on a food safety alliance in China using the blockchain to achieve greater safety within the ...
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The War on Wind (and Solar)?

Forbes - 14 Dec 2017 18:13
The War on Wind (and Solar)? One might not like subsidies, but most all forms of energy production have some kind of subsidy, so it is somewhat hypocritical to claim that solar and wind need to compete 'on their own.'
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Stop Worrying About the Flattening Yield Curve

Wall Street Journal - 14 Dec 2017 17:55
Economists are generally hopeless at forecasting recessions. By contrast, the U.S. yield curve has a formidable record, so the narrowing gap between two- and 10-year yields grabs attention. It isn't the only number that ...
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Here's Fiat Money's Advantage Over Bitcoin That Many Seem To Forget Is bitcoin a risk asset you should own? Probably not, unless you are prepared for some serious pain whenever the price heads south.
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Ether Climbs Past $750, Up More Than 9,000% This Year Ether broke through $750. Where will it go next?
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Teva Is Laying Off 14,000 Workers, Suspending Its Dividend The world's largest generic drugmaker is working to rein in costs and reduce its massive debt.
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Dollar General Is Banking On The Disappearance Of The Middle Class Retailers have long known that the middle is no place to be. These days, it seems the low-end of the market presents a bigger opportunity than the high-end. Dollar General's CEO, Todd Vasos, says that "the economy is con...
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Rupee strengthens against US dollar

livemint.com - 14 Dec 2017 14:16
Rupee strengthens against US dollar The Indian rupee strengthened against the US dollar ahead of the exit poll predictions of Gujarat election on Thursday
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How This Obscure Chinese Firm Is Clinching A World Lead In Smartphone Displays BOE Technology, a $7.4 billion company from Beijing, is overtaking established rivals to become a top global supplier of display panels for phones, monitors and television sets.
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