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Market News

Location American Market News for 29 August 2019

Alphabet Dips Its Toe Into Infrastructure Investing

Wall Street Journal - 29 Aug 2019 13:00
The white-hot world of infrastructure investing has attracted a notable new entrant: Alphabet.
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Nutanix Buys Its Way Out of a Hole

Wall Street Journal - 29 Aug 2019 20:31
The embattled network-software stock surges on the company's latest results, despite a huge boost in marketing spend.
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Comerica Can't Fight the Fed

Wall Street Journal - 29 Aug 2019 13:00
Comerica is among the U.S. banks most sensitive to lower interest rates, which means its shares probably have further to fall.
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New Mexico's attorney general said Jeffrey Epstein got a "sweetheart deal" on leases of state land that are part of the ranch he owned--and has recommended that the leases be canceled and the land given to a local ranchi...
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How Important Is Keytruda For Merck?

Forbes - 29 Aug 2019 21:29
How Important Is Keytruda For Merck? Merck's (NYSE:MRK) Keytruda is its top selling drug with sales of over $7 billion in 2018. Keytruda is used for the treatment of different types of cancers, including lung, head & neck, and melanoma among others. It has ...
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The 33 Best Companies For Workers, By Industry The good news is that there are companies - in every sector - leading the way in keeping their employees safe, healthy, and prepared for the future of work.
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How The New T-Mobile's Revenue And Subscriber Metrics Stack Up Versus Rivals The merger between T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S) received regulatory approval in late July, with the U.S. Department of Justice (DoJ) ratifying the deal. The two companies expect to close the merger by the e...
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The Treasury issued proposed guidance Wednesday clarifying the tax consequences of eliminating the London interbank offered rate, a move that could help ease the transition to a new reference rate.
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Uber Eats Keeping Uber Stock Healthy?

Forbes - 29 Aug 2019 20:29
Uber Eats Keeping Uber Stock Healthy? Uber's (NYSE:UBER) food delivery service, Uber Eats, is the company's fastest-growing business. In this analysis, we take a look at how Uber Eats has grown and whether it could emerge a key driver of Uber's valuation. Vi...
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Saudi Aramco's Groundhog Day Listing

Wall Street Journal - 29 Aug 2019 20:05
Red flags remain around Aramco's contemplated plan to split its initial public offering into two phases.
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Treasury to Sell $87 Billion in Debt

Wall Street Journal - 29 Aug 2019 20:05
The U.S. Treasury Department next week will auction $87 billion in securities, comprising 13- and 26-week bills.
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Few Sectors Escape August's Stock-Market Selloff

Wall Street Journal - 29 Aug 2019 19:37
The S&P 500 is on pace for its worst August in four years, as investors fled sectors they consider vulnerable to the increasing antagonism between the U.S. and China. The broad index is down nearly 2% for the month.
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Dollar Strengthens and Treasurys Decline on Trade Optimism

Wall Street Journal - 29 Aug 2019 19:27
Hopes of easing tensions in the U.S.-China trade battle improve investors' outlook.
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Starbucks' Big Stock Buyback Limits Future Upside There are risks tied to Starbucks' buyback program that investors should be mindful of going forward.
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5 Dividend Growth Stocks With Upside To Analyst Targets To become a "Dividend Aristocrat," a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years.
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Macri Was Supposed To Save Argentina. Now He Can't Pay The Bills. The IMF has no choice but to give them the planned $5.4 billion, or markets will smell default.
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Has America Reached Peak Chicken?

Wall Street Journal - 29 Aug 2019 17:57
Chicken products, real or not, are all the rage among U.S. consumers as new offerings from KFC and Popeyes show.
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UBS Nabs Top Ex-Credit Suisse Banker

Wall Street Journal - 29 Aug 2019 17:24
UBS has hired Iqbal Khan, the former wealth-management head of Swiss rival Credit Suisse, as part of a broad reshuffle that creates a fresh lineup of potential internal successors to Chief Executive Sergio Ermotti.
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How The Pieces Add Up: The iShares Russell 1000 Growth ETF Headed For $177 For the iShares Russell 1000 Growth ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $176.51 per unit.
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Natural Gas Rises as Hurricane Dorian Heads Toward U.S.

Wall Street Journal - 29 Aug 2019 17:16
Natural-gas prices rose Thursday, extending a recent rally as analysts braced for possible supply disruptions related to Hurricane Dorian.
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Macri's Post-PASO Depression: Is It All Over For Argentina's President? The market's violent reaction after Alberto Fernández handily beat Mauricio Macri's ticket at the national level in the PASO primaries - giving him a solid chance of taking the October election without the need for a ru...
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Groupon's Presence AI Acquisition Is A Good Deal If It Didn't Cost More Than $350 Million Groupon recently announced plans to acquire Presence AI. Trefis quantifies how Groupon can benefit from the Presence AI acquisition in an interactive dashboard, parts of which are highlighted below. We estimate that the ...
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