Market News
Republican Banking Committee Senators Continue Their Harmful Bank Deregulatory March
Forbes - 31 Jul 2019 05:01
Banking Committee Republican senators continue to push their deregulatory agenda. It is one thing to help community banks; it is definitely not necessary to help bigger, more complex banks that can pose a systemic risk. ...
Bank of America's Wealth Management Revenues Are Likely To Stagnate Over Coming Years
Forbes - 31 Jul 2019 17:00
Since the downturn, Bank of America has transformed itself from a traditional loans-and-deposits bank mainly relying on consumer banking to a balanced bank with a sizable wealth management and investment banking business...
MetLife, Prudential Report Big Profit Gains
Wall Street Journal - 31 Jul 2019 23:57
The nation's two biggest life insurers posted sharply higher second-quarter net income. MetLife benefited from improved investment results. A net charge of $1.23 billion had depressed Prudential's year-earlier results.
What if the Fed Was Wrong?
Wall Street Journal - 31 Jul 2019 22:25
There were good reasons for Jerome Powell's Federal Reserve to cut interest rates on Wednesday, but its action brings its own risks.
Qualcomm drops on disappointing guidance
CNBC - 31 Jul 2019 22:24
The stock dropped as much as 5% in after-hours trading.
Fitbit craters after cutting guidance
CNBC - 31 Jul 2019 22:19
Fitbit blamed weak Versa Lite sales for its lowered revenue guidance.
The Conflicted Fed
Forbes - 31 Jul 2019 21:48
The Fed has refused to promise the market more interest rate cuts and with good cause, since policy makers remain highly conflicted on what the economy needs.
Fed's Quarter-Point Rate Cut: Weak Global Growth, Trade Tensions, Muted Inflation Cited
Forbes - 31 Jul 2019 21:29
Hearing from Fed Chair Jerome Powell that today's rate cut is simply a "mid-cycle adjustment" appears to be disappointing the stock market, where some investors might have hoped for more hints of additional easing.
How Important Is Frito-Lay For PepsiCo's Growth?
Forbes - 31 Jul 2019 20:52
Frito-Lay North America has maintained its position as the fastest growing segment for PepsiCo (NASDAQ: PEP) over recent years. PepsiCo Revenues (shows PepsiCo's key revenue components) have increased from $62.8 billion ...
FTC Says 'Overwhelming' Number of Equifax Claims Means Consumers Likely Won't Get $125
Wall Street Journal - 31 Jul 2019 20:41
The response to a settlement has been so great that claimants may not receive the cash amount promised, the FTC warned.
These Stocks Don't Care About Interest Rates
Forbes - 31 Jul 2019 20:38
Look for stocks that are inelastic to interest rate changes. Here are two that fit the bill.
Fed Announces Interest Rate Cut, First Since 2008
Forbes - 31 Jul 2019 20:02
The move comes amid demands from Trump and high speculation by economists.
Why Has 3M's Share Price Sunk 30% Since Early 2018?
Forbes - 31 Jul 2019 20:00
3M has seen demand for its products across categories fall since Q2 2018 primarily due to weak customer demand in China. The slowdown in China has had a visible impact on 3M's revenues over recent quarters. Trefis detail...
This Is The Best Business Model In The World
Forbes - 31 Jul 2019 19:54
After years of studying financial statement analysis, pouring over financial models, and speaking with management teams about corporate strategy, I have finally stumbled upon the most effective business model in the worl...
Apple Flirts With $1 Trillion Valuation Again
Wall Street Journal - 31 Jul 2019 19:52
The tech giant's shares were up 4.3% at about midday Wednesday after a better-than-expected earnings report, putting it on track to be worth more than $1 trillion again.
Investors Should Heed FDIC Warnings Of Key Credit Risks To Banks
Forbes - 31 Jul 2019 19:47
The Federal Deposit Insurance Corporation released its 2019 risk review report with key credit risks to banks. Given that this is the regulator that has to take banks into receivership when they fail, its analysis and wa...
Can IQOS Fire Philip Morris' Stock To $100?
Forbes - 31 Jul 2019 19:45
Philip Morris International (NYSE: PM) has increased its earnings guidance for the full year 2019, after the company reported a strong Q2 2019, which was marked with higher earnings despite some pressure on volumes. Phil...
BlackRock, Pamplona Talks Over Cybersecurity Firm Cofense Break Down
Wall Street Journal - 31 Jul 2019 19:23
BlackRock is no longer in talks with Pamplona Capital Management to take over the private-equity firm's stake in cybersecurity company Cofense.
Natural-Gas Prices Rise as Investors Lock in Profits
Wall Street Journal - 31 Jul 2019 18:53
Natural-gas prices shot higher Wednesday, as some investors locked in profits on bearish bets a day ahead of weekly inventory data.
Consumer Staples Like P&G Are Surging. Does That Foreshadow A Recession?
Forbes - 31 Jul 2019 18:45
When consumer staples valuations levitate higher in a hurry, it often foreshadows an economic slowdown around the corner. Money tends to flow to safe haven sectors before fleeing the market entirely.
Tougher Sledding Is Ahead for GE
Wall Street Journal - 31 Jul 2019 18:39
General Electric's results announcement reminded investors of how much is left to accomplish, and of both old and new challenges to the business.
Information Overload for Anxious Parents
Wall Street Journal - 31 Jul 2019 18:38
Baby tech now includes a "smart diaper" system from Procter & Gamble that can monitor when your baby has gone number one, much like your nose can.