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Market News

Location American Market News for 5 August 2019

HSBC's Quiet Man Undone by a Lack of Action

Wall Street Journal - 5 Aug 2019 16:56
John Flint hoped to be remembered for an expansion of HSBC into China, surging profits and making the bank a nicer place to work.
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An Outside Hedge Fund Is Driving Steve Cohen's Gains

Wall Street Journal - 5 Aug 2019 13:31
Billionaire Steve Cohen's hedge fund is up about 10% this year. But a significant part of that return has come from a money manager who doesn't work at Mr. Cohen's fund.
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Libra Is Nothing More Than A Nice Idea

Forbes - 5 Aug 2019 17:00
Libra Is Nothing More Than A Nice Idea There are reasons to think we could once again see some fiat currencies disappear. If so, what "something else" will be money in the future? Facebook's recently announced Libra project may eventually be one. But at this ...
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3 Ways Grandparents Can Help Pay for College

Wall Street Journal - 5 Aug 2019 04:14
Grandparents have many options when it comes to contributing to a grandchild's educational costs. Each has its pros and cons.
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What, Investors Worry? Yes, but U.S.-Stock Funds Are Up 19%

Wall Street Journal - 5 Aug 2019 04:12
Monthly Monitor: Wariness resurfaces as Fed signals it isn't eager to cut rates again soon after last week's quarter-point reduction.
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Conventional wisdom says it is a bearish sign for equities when both stocks and bonds are rising. History says otherwise.
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HSBC CEO John Flint Is Out After 18 Months in Role

Wall Street Journal - 5 Aug 2019 02:09
HSBC Holdings PLC said late Sunday its chief executive John Flint is out and new leadership is needed to meet the bank's challenges.
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Henry's Original Cannabis Closes Series B Investment Round I love Henry's Original. They were one of the first pre-rolls that I truly fell in love with. Having just learned that this little cannabis company is about to become something much greater caught my attention.
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Sell-Off On Trade Fears Intensifies, With Apple, Semiconductors Hit Hardest Monday's action wasn't pretty to watch, but this is what happens when the sausage gets made right in front of the market rather than behind closed doors. There are signs that investors have become more cautious, embracin...
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Stock Markets Plunge In Response To China

Forbes - 5 Aug 2019 21:39
Stock Markets Plunge In Response To China China's currency fell to a 10-year low Monday.
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Overweight Tech Yet Finger Your Worry Beads Technology, barring bubbles, can tick at 1.5 times S&P 500 Index valuation. With the market at 18 times earnings and just minimal earnings growth in sight, tech cries out to be overweighted in a setting of minimal GDP mo...
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Trade Tensions Whipsaw Hog Prices

Wall Street Journal - 5 Aug 2019 20:36
Global trade tensions weighed on trader expectations that China will continue to rely on U.S. pork exports, leading to a volatile session in hog futures.
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Fear a Weak Yuan, but No Repeat of the Last China Crisis

Wall Street Journal - 5 Aug 2019 20:34
It's rare that anything labeled as a psychologically important level in markets actually matters. But seven yuan to the dollar--breached on Monday--really does.
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12-Hour Countdown: A Dirt-Cheap Growth Stock That Might Be About To Surge It's a gamble to back shares undergoing massive transformation. But this growth giant might be on the cusp of something magical. Can you afford to miss it?
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Fed to Create Payments System to Speed Money Transfers

Wall Street Journal - 5 Aug 2019 19:51
The Federal Reserve plans to develop a faster payments system for banks to exchange money, providing a public option to another real-time network built by big banks.
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What do chicken breasts, gold, plywood and guns have in common? Companies that produce them are up today, even as the broader stock market is getting crushed.
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Crucial U.S. Stock Sectors Are Hitting New Lows And That Implies That The Broad Market Pullback Will Continue Against this backdrop it is imperative for investors to focus on the names that are not working as harbingers for further downside.
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At Long Last, China Bears Draw Blood

Forbes - 5 Aug 2019 19:34
At Long Last, China Bears Draw Blood The Chinese yuan has crossed the rubicon into the 7s. What's next?
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5 Things Every Investor Should Know Right Now Last week wasn't a dull one. The Fed became the latest central bank to cut interest rates, while President Trump escalated the U.S.-China trade war even further. Oh, and gold closed out July with a third straight month o...
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What We Learned from Redlining Beyond Meat's Secondary Offering Docs Meat alternative marketer and recent IPO Beyond Meat (Nasdaq: BYND) reported quarterly earnings a few days ago, and concurrently, the company surprised the market with a secondary offering well ahead of the indicated 180...
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Bears Lose Even on Down Days

Wall Street Journal - 5 Aug 2019 19:21
Highly shorted stocks are dangerous to bet against, even when market sentiment is negative.
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The Fed as Trade-War Enabler

Wall Street Journal - 5 Aug 2019 18:39
The re-escalation of President Trump's trade spat with China make more rate cuts from the Federal Reserve seem like a certainty.
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