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Market News

Location American Market News for 23 September 2019
Stocks This Week: Buy Marriott And Sell Short Conoco Phillips The market fell slightly last week, so we can expect a rally.
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China Is Hungry for Protein and the Global Steaks Are High

Wall Street Journal - 23 Sep 2019 13:02
China is scrambling to import meat after a swine disease hit hog farms across the country and decimated its pig herd. It's pushing up beef, pork and poultry prices around the world.
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What Is Ailing Alcoa's Revenue Growth?

Forbes - 23 Sep 2019 11:20
What Is Ailing Alcoa's Revenue Growth? Despite revenues growing at a CAGR of 20% between 2016 and 2018, Alcoa (NYSE: AA) is currently witnessing a slowdown in demand for its primary products alumina and aluminum, which could lead to revenues declining at a CA...
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Repo-Market Volatility Raises Concerns About New Benchmark Rate

Wall Street Journal - 23 Sep 2019 16:02
An interest rate proposed to replace Libor as a new benchmark surged last week amid tumult in money markets.
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California Courts Could Set Speed Limit on Uber's Valuation

Wall Street Journal - 23 Sep 2019 13:00
Under California's bill, ruling drivers as employees would mean the state's courts interpret Uber's core service to be transportation, not technology.
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IEX Exchange to Exit Listings Business

Wall Street Journal - 23 Sep 2019 04:23
IEX Group will abandon its struggling listings effort after the upstart exchange's only listed company decided to jump ship.
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The Coming Currency War: Digital Money vs. the Dollar

Wall Street Journal - 23 Sep 2019 04:09
Central banks are getting closer to issuing their own digital currencies. If they do, the dollar might finally face real competition as the world's dominant currency.
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Startups That Offer New Paths to Homeownership

Wall Street Journal - 23 Sep 2019 04:06
Startups are creating new ways for consumers shut out of the traditional mortgage market to be able to join the ranks of homeowners.
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China Will Live Or Die by Its Digital Economy

Wall Street Journal - 23 Sep 2019 03:54
Beijing has declined to embark on productivity-enhancing reforms--and is betting the farm on information technology to keep growth high.
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Bitcoin Volatility Falls To Its Lowest Since April Bitcoin's volatility fell again today, hitting its lowest since April 1. When will the world's most prominent cryptocurrency break out of its doldrums?
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More Companies Are Making Noise About ESG

Wall Street Journal - 23 Sep 2019 22:42
Big U.S. firms are increasingly talking up environmental, social and governance factors on earnings calls.
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Overstock Shares Fall 25%

Wall Street Journal - 23 Sep 2019 22:15
Shares of Overstock.com Inc. continued their wild ride Monday, slumping to a three-month low, after the online surplus-goods retailer announced the departure of another key executive and cut its earnings guidance
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Amcor Shares Cross 5% Yield Mark

Forbes - 23 Sep 2019 21:20
Amcor Shares Cross 5% Yield Mark shares of Amcor were yielding above the 5% mark based on its quarterly dividend
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Credit Suisse launched an investigation into its surveillance of a departing top executive who is joining crosstown rival UBS, after the executive filed a report with Zurich police.
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Citadel's Griffin Reaps Windfall From Company's Bond Sale

Wall Street Journal - 23 Sep 2019 20:12
The management company of the hedge-fund giant founded by Kenneth Griffin sold $500 million in investment-grade bonds earlier this month to fund a dividend to its owners.
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Gold Prices Rise on Fears of Economic Slowdown

Wall Street Journal - 23 Sep 2019 19:34
Gold prices rose after weak economic data from Europe raised new fears of a slowdown in global growth and pushed some investors toward assets considered safer.
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20 Largest Stocks: Buy, Sell And Hold Ratings From Microsoft and Apple to Walmart and GE, here's a look at the top 20 largest companies in the U.S.
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Digital agent model will help address under-penetration due to lack of supply across markets
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Pierre Lassonde Says Gold Could Hit $25,000 in 30 Years "I think gold is in a good place," Pierre Lassonde, co-founder of Franco-Nevada, said last week at the Denver Gold Forum. Looking ahead 30 years, Pierre believes the yellow metal could average $12,500 an ounce--and may e...
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Peek Under The Hood: The iShares Russell 1000 ETF Has 10% Upside For the iShares Russell 1000 ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $182.35 per unit.
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Stock Market Melt-Up Paused Last Week, Can It Still Occur? Only two of the five major equity averages closed last week above their semiannual pivots.
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What Thomas Cook's Collapse Says About Modern Tourism

Wall Street Journal - 23 Sep 2019 17:34
The demise of 178-year old British tour operator Thomas Cook is a testament to the profound changes faced by the tourism industry. It also contains clues as to its future direction of travel.
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