Market News
Buyout of Berkshire Hathaway Insurance Unit Under Scrutiny
Wall Street Journal - 22 Oct 2019 03:13
A former insurance subsidiary of Warren Buffett's Berkshire Hathaway sparred with the California Department of Insurance about whether its recent sale violated state insurance regulations.
Fed Injects $99.9 Billion Into Markets Tuesday
Wall Street Journal - 22 Oct 2019 15:33
The Federal Reserve Bank of New York injected $99.9 billion in temporary liquidity into financial markets Tuesday.
BNY Mellon Vice Chairman Bill Daley Has Left Bank
Wall Street Journal - 22 Oct 2019 23:44
Bill Daley, the former White House chief of staff, has left his post at Bank of New York Mellon less than five months after the bank announced his arrival.
U.S. Bancorp Cuts Assistant Branch Managers
Wall Street Journal - 22 Oct 2019 23:46
A spokeswoman declined to provide a number of employees affected by the cuts, but said it would affect less than 2% of its workforce.
Snap's Growth Story Losing Fans
Wall Street Journal - 22 Oct 2019 23:32
The social network shows another strong quarter of user growth, though broader business concerns remain.
Snapchat Beats Third-Quarter Expectations But Provides Weaker Guidance
Forbes - 22 Oct 2019 23:10
Snapchat continues to show strong user growth.
TD Ameritrade Revenue Forecast Tops Analyst Estimates
Wall Street Journal - 22 Oct 2019 22:55
The electronic broker said it expects revenue to fall about 15% next year after it nixed trading commissions, an estimate that isn't as severe as analysts predicted.
How To Build An Early Retirement With CEFs
Forbes - 22 Oct 2019 22:10
Why the heck hasn't my financial advisor told me any of this?!
Snap stock drops on weak guidance
CNBC - 22 Oct 2019 21:37
Snap shares are up over 150% this year, reflecting a return of user and revenue growth.
Beware This Chinese Stock Next Month
Forbes - 22 Oct 2019 20:54
Chinese video name IQIYI Inc (IQ) is understandably sensitive to trade-related headlines.
What equity-linked debentures are and how to use them
livemint.com - 22 Oct 2019 20:40
ELDs are structured fixed-income products that combine the benefits of capital protection along with participation in returns from equity markets
Starving Brokers Surviving on Pot and Fake Meat
Wall Street Journal - 22 Oct 2019 20:25
Having taken commissions to zero, online brokers such as E*Trade are registering a pickup in securities lending as traders seek to short some trendy retail stocks such as Beyond Meat and Tilray.
Mint Globetrotter Index: Take a trip to Rio De Janeiro
livemint.com - 22 Oct 2019 20:23
The Mint Globetrotter index compares the cost of 25 essential travel spends for 50 cities across regions.Here, Mint Money will list these 25 spends for a city and compare it with Delhi
Brighter Outlook Lifts Emerging Market Currencies
Wall Street Journal - 22 Oct 2019 19:24
The dollar fell against some emerging market currencies Tuesday, reflecting growing optimism over global trade and a rise in oil prices.
This 5% Dividend Yield's Down 75% In 12 Months! Is This A Top Dip Buy?
Forbes - 22 Oct 2019 18:33
This big-dividend-paying stock has collapsed over the past year. But is it still a great buy for long-term investors?
UPS Can Still Deliver
Wall Street Journal - 22 Oct 2019 18:27
The shipping company's results disappointed investors, and it faces some stiff challenges, but in the near term, at least, its investments should pay off.
What Will History Make of WeWork's Meltdown?
Wall Street Journal - 22 Oct 2019 18:23
The spectacular deterioration of the office-sharing company invokes comparisons with the financial crisis, which are a stretch.
P&G Wipes the Floor With Rivals
Wall Street Journal - 22 Oct 2019 18:21
Procter & Gamble is pulling ahead of its rivals in household staples, but nothing is guaranteed. In this industry, constant vigilance is the price of success.
Travelers' Profit Declines
Wall Street Journal - 22 Oct 2019 17:25
Travelers Cos.' earnings fell in the third quarter as the insurance company added to its reserves due to an increase in claims payments for lawsuits and jury awards.
Biogen's Alzheimer's Revelation Isn't So Simple
Wall Street Journal - 22 Oct 2019 17:17
A stunning reversal of fortune for an experimental Alzheimer's disease drug has Biogen shares off the mat. But investors shouldn't abandon their skepticism just yet.
Wall Street Will Go Digital As Rates Go Negative
Forbes - 22 Oct 2019 17:13
JPMorgan Chase stock is hovering around all-time highs, and if Dimon's bank is to continue its run, he needs the Fed to not cut rates.
SoftBank's WeWork Take Over Leads To $1.7 Billion Deal For Adam Neumann
Forbes - 22 Oct 2019 17:10
The payout is around 20% of WeWork's now$8 billion valuation.