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Market News

Location American Market News for 19 December 2017
How Blake Ricciardi Turned Popular Demand From A Streetwear Brand Into A Lifestyle Giant I spoke with Popular Demand Founder and CEO Blake Ricciardi about the vision behind his company, path to success, and the keys to building a top brand in a competitive industry.
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Litecoin Hits Latest High, Climbing More Than 8,000% Year-To-Date Litecoin keeps climbing, but what is fueling this sustained increase?
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The Flawed Bull Case for Bitcoin

Wall Street Journal - 19 Dec 2017 12:30
Even after taking full account of its technological advantages, the argument for bitcoin to keep rallying still falls apart.
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Crypto Watch: Verge (XVG) Price Climbs 800% In A Week. What Is XVG And Why Is It Growing So Fast? Verge (XVG) has catapulted into the top 30 cryptocurrencies at #29 with a new market cap of $1.1B USD.
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Why We Revised Our Price Estimate For Wal-Mart To $93 We recently revised our price estimate for Wal-Mart upward from $80 to $93, which is still slightly lower than the current market price. Wal-Mart started the year on a strong note, as the company's 2017 performance thus ...
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Best Buy v. Amazon: Holiday Edition

Wall Street Journal - 19 Dec 2017 23:14
There are a lot ways to judge retailers during the holiday season, but what matters for most is whether they are successfully fighting off Amazon. Best Buy has been a model for how to fight the e-commerce giant.
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Accenture's Revenues Set To Grow Yet Again

Forbes - 19 Dec 2017 21:22
Accenture is set to report its fiscal Q1 2018 earnings on Thursday, December 21. In the previous quarter, the company reported 7.8% year-on-year (y-o-y) growth in revenues to $9.15 billion.
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A Breakdown Of The Loan Portfolios Of The Largest U.S. Banks The five largest U.S. banks have notably different areas of focus when it comes to lending, with Wells Fargo concentrating considerably on mortgages, while Bank of America and Citigroup target growth primarily in the com...
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Sebi may ease compliance rules for insolvent firms, FPI norms Sebi may expand list of jurisdictions for registering FPIs and simplify regulatory requirements
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Saudi Arabia's 2018 Budget Is The Country's Largest Ever Saudi Arabia announced its 2018 budget which will be its highest ever. What does this mean for oil and economic development in the Middle East?
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Deregulation And Disruption: Key Banking Trends In 2018 As we look to the year ahead, the convergence of a growing economy, technological disruption and substantial reform gives entrepreneurs and financial institutions a strong launchpad for growth.
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Astron Paper IPO over-subscribed 12.39 times on day 3 The portion reserved for qualified institutional buyers (QIBs) was over-subscribed 5.74 times and that of non-institutional investors 1.15 times
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One Chart That Shows The Bond Bull Market Is Over The market for so-called "High Grade U.S. Bonds" is made up of U.S. Treasury securities and U.S. Corporate Bonds with a rating of AAA-BBB. For more than 3 ½ decades, that market has been a reliable source of both income...
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Apple shares fell after Nomura Instinet lowered its rating on Apple shares to neutral from buy.
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New Highs For The Dow, S&P And Nasdaq While Small-Caps, Other Global Averages Lag The Dow, S&P 500 and Nasdaq continue to have weekly charts that show "inflating parabolic bubbles."
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RBI sets rupee reference rate at 64.1205 against US dollar The rupee rebounded by 20 paise to close at a three-month high of 64.04 against the US dollar, building on the momentum gathered after BJP's win in Gujarat and Himachal Pradesh polls
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A Bad Year For Income Stocks: More To Follow? In a year that has rewarded risk-takers, income stocks have been left behind. Should investors be drawing any longer-term conclusions from their weakness?
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25 Colleges With "No Student Loans"

Forbes - 19 Dec 2017 15:32
25 Colleges With These 25 colleges have "no loans" financial aid policies for student loans.
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General Motors stock will pop more than 20 percent thanks to higher truck production in North America, according to RBC.
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Tata Steel seeks to raise Rs12,800 crore to fund expansion Tata Steel says it will use the money to build and buy mills as well as to repay debt
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A Surprising Forecast For Investors In 2018

Forbes - 19 Dec 2017 15:12
A Surprising Forecast For Investors In 2018 I'm going to give you my full investment forecast for 2018--and name 2 high-yielding closed-end funds (CEFs) poised to soar after the new year rolls in.
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From low to lowest: digital adviser cuts fees to zero Rather than making money by charging the consumer a fee, M1 Finance says that it is better off doing it on the back end by lending securities to short sellers and money like a bank
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