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Market News

Location American Market News for 6 November 2019
Fintech Startup Raises $16 Million, Buys Assets From Aon Affiliate To Administer Extended Warranties Less than a year after Woodrow Levin's interest in online insurance was piqued by fantasy football, his fintech startup is acquiring part of an insurance giant.
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Why Did PG&E Stock Rally 75% Over The Last Week? California-based utility company PG&E (NYSE: PCG) saw its stock rally by around 75% over the last week, due to some positive developments in its bankruptcy process. While the company proposed a reorganization program tha...
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California regulators seized an insurer formerly owned by Warren Buffett's Berkshire Hathaway, the latest twist in a dispute about whether its sale of the company violated that state's insurance regulations.
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Companies With Security Fails Don't See Their Stocks Drop As Much, According To Report As data breaches become more common, they affect a company's share prices less.
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These 3 REITs Could Plunge In 2020

Forbes - 6 Nov 2019 22:40
These 3 REITs Could Plunge In 2020 So how do we tell when a REIT is overpriced?
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The company reported 32.3 million active accounts, up from 30.5 million during the previous quarter.
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Oil Majors Skip Brazil's Offshore Oil Field Auction

Wall Street Journal - 6 Nov 2019 21:58
A Wednesday Brazilian oil field auction didn't attract as much interest--or fees--as the country hoped at a difficult moment for oil production in the Americas
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Australia May Be the Saving Grace for the Rare Earth Metals Market Cracks in the rare earth element market dominance by China are beginning to appear, as Australia has recently emerged as a competitive supplier.
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Xerox-HP May Be Good Only on Paper

Wall Street Journal - 6 Nov 2019 21:13
A combined Xerox-HP would face business in secular decline for a large price tag.
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Options Traders Eye Bullish Bets on Emerging Markets

Wall Street Journal - 6 Nov 2019 20:34
The $27 billion iShares MSCI Emerging Markets ETF has risen about 12% this year.
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Potential Xerox Bid For HP Weighs Down Bond Prices

Wall Street Journal - 6 Nov 2019 20:08
Xerox's potential takeover of HP provided a lift to shareholders of both companies Wednesday. For bondholders, not so much.
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Why home sales are on the decline again

livemint.com - 6 Nov 2019 19:34
Reluctance to buy under-construction projects is affecting sales.Given the uncertainty around the economy, homebuyers are deferring house-buying decisions
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Bank of America Is One to Watch in Digital Payments

Wall Street Journal - 6 Nov 2019 19:34
The lender is taking the adage 'time is money' to an extreme.
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America's Productivity Problem

Wall Street Journal - 6 Nov 2019 19:06
Slowing productivity is cutting into the economy's ability to grow, but there is some hope the future will be brighter.
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China, after years of pumping out financial support to keep companies afloat and workers happy, has embarked on a debt reckoning--rapidly building a bankruptcy system to take on a significant pickup in corporate defaults...
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BMW Is the Hybrid of Car Manufacturers

Wall Street Journal - 6 Nov 2019 17:16
Having once pioneered all-electric cars, BMW now wants to keep its technological options open--including under a new chief executive.
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Is Costco Undervalued?

Forbes - 6 Nov 2019 17:00
Is Costco Undervalued? Costco, a US-based company, operates membership warehouses based on the concept of offering the members low prices on a limited selection of nationally branded and private-label products in a wide range of categories. In...
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For the first time, Germany's Finance Ministry opened the door to policies that could pave the way for a more unified European banking system, though questions remain over whether the political will exists to push throug...
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Stock Market Remains Near Highs, And Investors Await Fresh Catalyst For Next Move It looks like investors are continuing to take a breather as stocks remain near record highs and headlines aren't providing much of a catalyst
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What's United Parcel Service's (UPS) Fair Stock Price Estimate Based On Expected 2019 Earnings? United Parcel Service's (NYSE: UPS) fair price estimate based on expected 2019 earnings is $124, according to Trefis estimates. UPS is primarily involved in delivery of packages worldwide. Its services are used by retail...
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Are Investors Right To Be On Edge?

Forbes - 6 Nov 2019 16:24
Are Investors Right To Be On Edge? After an experimental decade of monetary policy, certain market assumptions have been flipped on their head.
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Have Privacy Concerns Weighed On Facebook's Revenues? In the wake of the Cambridge Analytica privacy scandal, GDPR implementation and a series of fines, the consensus opinion about Facebook has been that growth is going to taper off. The management's guidance of expected we...
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