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Market News

Location American Market News for 13 September 2019

Oil's Weekly Drop Highlights Lingering Oversupply Fears

Wall Street Journal - 13 Sep 2019 16:32
Oil prices were on track for a roughly 2% weekly drop Friday, illustrating how fears of excess supply continue to keep crude prices down even as hopes for coming trade talks boost the outlook for the global economy.
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Mexico's Pemex Sells Bonds for $7.5 Billion in Refinancing

Wall Street Journal - 13 Sep 2019 04:22
Pemex said the refinancing operation is the largest in its history, and that all of the money will be used to refinance existing debt. It was the state-oil company's first foray into international capital markets this ye...
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Cloudflare Jumps 20% in Market Debut

Wall Street Journal - 13 Sep 2019 23:08
Shares of Cloudflare surged 20% in its first day of trading, following a streak of technology upstarts' IPOs to meet investors' growing appetite for enterprise information-technology companies.
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Markets Approached Record Highs This Week. Will They Keep Climbing? Growing optimism around the U.S.-China trade war helped boost stocks this week.
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AT&T, Oracle, Wendy's, Apple: Stocks That Defined the Week

Wall Street Journal - 13 Sep 2019 22:57
The Dow industrials rose each day this past week; here are some U.S. stocks that moved on news.
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Markets On The Move: More Upside Ahead?

Forbes - 13 Sep 2019 21:31
Markets On The Move: More Upside Ahead? As the markets once again approach new highs, what should we expect ahead? Commonwealth CIO Brad McMillan says it all depends on the economy.
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Hedge Fund Manager Leon Cooperman Calls Private Equity A Scam Legendary hedge-fund manager Leon Cooperman told a meeting of hedge fund managers in New York that the SEC is abusive, negative interest rates are ridiculous and that private equity is a scam.
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Infrastructure: The Forgotten Plan That Could Prevent Recession, Spark Stocks And Reelect Trump Trump shelved the plan for political reasons, now past
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As central banks move deeper into uncharted territories, they have to deal with unintended consequences of ad hoc policy tweaks. An aggressive ECB easing on September 12th felt more like a policy tightening to the bond m...
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Popeyes Chicken Idea Could Come Home to Roost

Wall Street Journal - 13 Sep 2019 18:46
Popeyes Louisiana Kitchen sold out of its chicken sandwiches but suggested customers make their own by bringing their own buns and ordering a different menu item.
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Treasury Yields Rise, Erasing Much of August Decline

Wall Street Journal - 13 Sep 2019 18:13
The whiplash seizing the Treasury market continued Friday as U.S. government bond prices headed for a fifth consecutive session of declines.
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How WeWork Is Battling The Backlash Ahead of Embattled IPO Listing Plowing ahead with its IPO, WeWork is hoping to reassure doubtful investors with a series of corporate governance changes.
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China Basically Admits They've Been Sanctioning U.S. Soy China gets a breather as Treasury Secretary Mnuchin convinces Trump that a recession is coming.
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U.S. Consumers Worry but Keep Spending

Wall Street Journal - 13 Sep 2019 18:02
If Americans are getting worried about the economy, it sure isn't showing up at the store based on upbeat retail data.
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Should You Buy Or Avoid These Value Stocks Before Next Week? These low-cost shares could be set to experience some serious share price movement. But in what direction are they likely to head?
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WeWork Parent Adjusts Corporate Governance Ahead of Nasdaq IPO

Wall Street Journal - 13 Sep 2019 17:05
WeWork's parent agreed to make sweeping governance changes and chose Nasdaq for its exchange, as the shared-workspace provider scrambles to keep its closely watched initial public offering on track.
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Capitalism vs Climate Change: The Case of PrairieFood PrairieFood, an innovative AgTech start-up based in Kansas has discovered a way to feed the world's burgeoning population.
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How to Factor Fickle Markets Into Your Portfolio

Wall Street Journal - 13 Sep 2019 16:52
'Smart-beta' funds are a booming business. But owning them in isolation is risky.
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U.S. Businesses Embrace Inclusive Capitalism - But Do They Know What This Means? This summer, some of the world's biggest companies quietly abandoned one of the key tenets of US capitalism for the last half century or so - the primacy of shareholders, or the idea that companies primarily exist to ser...
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4 Stock Picks That Didn't Go as Planned

Forbes - 13 Sep 2019 15:24
4 Stock Picks That Didn't Go as Planned When I write my Long Ideas, I try to anticipate every possible outcome. Nevertheless, sometimes I get things wrong.
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Why You Should Sell Your Apple Stock Before It Falls 26% Apple stock is 26% over-valued, says Goldman Sachs. It needs a CEO who can innovate.
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Tesla Has A Software Business And It's Big!

Forbes - 13 Sep 2019 14:22
Tesla Has A Software Business And It's Big! Tesla (NASDAQ: TSLA) has been a pioneer of sorts in the self-driving space and we believe that the company is on track to sell close to $1.5 billion in self-driving software this year. Tesla currently sells its Full Self...
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