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Market News

Location American Market News for 4 October 2019
Incoming HP CEO Announces 7,000 to 9,000 Layoffs As Part Of Major Restructuring The layoffs will save the company $1 billion by 2022.
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How The Pieces Add Up: The iShares Russell 1000 ETF Targets $182 For the iShares Russell 1000 ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $182.12 per unit.
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When A Financial Advisor Turned To Hoodoo Spells As Dawn Bennett's Ponzi scheme--which defrauded 46 people out of $20 million--began to unravel, she leaned on darker powers for help.
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PayPal Drops Out of Facebook's Libra Payments Network

Wall Street Journal - 4 Oct 2019 23:13
PayPal Holdings is withdrawing from the group of companies Facebook assembled to launch a global cryptocurrency-based payments network.
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Oil Shipping Costs Surge, Threatening U.S. Exports

Wall Street Journal - 4 Oct 2019 20:27
Gains in oil prices that followed crippling attacks on Saudi Arabian production facilities last month proved short-lived, yet the expense of shipping crude across the ocean has continued to soar.
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For depositors, it may make sense to go for small savings schemes that are currently giving better rates than FDs.Existing borrowers should not rush to refinance their home loan to a new repo-linked product
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Hedge Funds Tiger Global, Coatue Crushed in September

Wall Street Journal - 4 Oct 2019 18:22
Prominent hedge funds lost money in September, a swift comedown after a relatively strong run for the industry at large.
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Surprising Analyst 12-Month Target For The WisdomTree U.S. MidCap Dividend Fund ETF For the WisdomTree U.S. MidCap Dividend Fund ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $39.44 per unit.
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HP Has No Easy Way Out of Printer Jam

Wall Street Journal - 4 Oct 2019 17:37
Cutting its expenses by $1 billion will prove easy compared with the other task HP Inc. has set for itself--getting people to pay more for printers.
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BP's New Chief Signals Old Direction

Wall Street Journal - 4 Oct 2019 17:05
Bernard Looney is the right person to continue BP down the path that outgoing chief Bob Dudley blazed. The question is whether the oil giant is on the right path at all.
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Miko Branch on the Struggles and Successes of Miss Jessie's

Wall Street Journal - 4 Oct 2019 16:46
Miko Branch always knew she wanted to be an entrepreneur. One reason: she didn't want to work for anyone else. She explains how adversity led her to co-found the Miss Jessie's hair-care line in this Secrets of Wealthy Wo...
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Your Stock Trades Go Free but Your Cash Is in Chains

Wall Street Journal - 4 Oct 2019 16:33
Schwab made a big splash this past week by eliminating commissions. It's still making money off you elsewhere.
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The 'Zon Is On, But for How Long?

Wall Street Journal - 4 Oct 2019 16:17
Amazon Fashion is trending with some of its listings going viral and possibly presenting threats to established brands.
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Surprising Analyst 12-Month Target For The iShares U.S. Financials ETF For the iShares U.S. Financials ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $137.30 per unit.
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Tempted by a Gold ETF? Here's What to Consider

Wall Street Journal - 4 Oct 2019 15:53
For starters, you need to decide whether you're more concerned about the cost or liquidity.
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Job Growth Looks Slow On Surface, But Trend Remains Firm As Eyes Turn to Fed Though the headline payrolls number came in short of consensus, the 3-month average remains strong, and the rate fell to 3.5%. Eyes turn to Fed policy and consumer trends.
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Treasury Yields Climb After Jobs Report

Wall Street Journal - 4 Oct 2019 15:33
U.S. government-bond yields climbed after a report showed steady growth in the labor market.
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WeWork's Failed IPO Is a Win for Main Street WeWork's failed IPO is a win for main street and the efficiency of the public markets.
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Best Buy Provides Quality Dividend Growth

Forbes - 4 Oct 2019 15:15
Best Buy Provides Quality Dividend Growth Best Buy provides higher quality dividend growth opportunities because you know the firm generates the cash to support a higher dividend.
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New York Fed Adds About $38.55 Billion to Financial System

Wall Street Journal - 4 Oct 2019 15:05
The Federal Reserve Bank of New York added $38.55 billion to the financial system by using the market for repurchase agreements, or repo, to relieve funding pressure in money markets.
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Down 29%, Here's Why Uber's Staffing Gambit Won't Make Its Stock Pop Uber Works is targeting a fragmented $150B industry with a me-too service. It won't make Uber's stock pop.
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In Dating, No Match Is Perfect

Wall Street Journal - 4 Oct 2019 13:00
A Federal Trade Commission suit is another lover's quarrel, not a breakup for Match.
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