Market News
Fintech Startup Raises $16 Million, Buys Assets From Aon Affiliate To Administer Extended Warranties
Forbes - 6 Nov 2019 16:00
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.
Why Did PG&E Stock Rally 75% Over The Last Week?
Forbes - 6 Nov 2019 15:00
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...
California Puts Former Berkshire Insurance Unit Under State Control
Wall Street Journal - 6 Nov 2019 01:29
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.
Companies With Security Fails Don't See Their Stocks Drop As Much, According To Report
Forbes - 6 Nov 2019 22:42
As data breaches become more common, they affect a company's share prices less.
These 3 REITs Could Plunge In 2020
Forbes - 6 Nov 2019 22:40
So how do we tell when a REIT is overpriced?
Roku shares tank despite revenue beat for the third quarter
CNBC - 6 Nov 2019 22:35
The company reported 32.3 million active accounts, up from 30.5 million during the previous quarter.
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
Australia May Be the Saving Grace for the Rare Earth Metals Market
Forbes - 6 Nov 2019 21:43
Cracks in the rare earth element market dominance by China are beginning to appear, as Australia has recently emerged as a competitive supplier.
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.
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.
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.
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
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.
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.
China Embraces Bankruptcy, U.S.-Style, to Cushion a Slowing Economy
Wall Street Journal - 6 Nov 2019 18:42
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...
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.
Is Costco Undervalued?
Forbes - 6 Nov 2019 17:00
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...
German Finance Ministry Signals Support for European Banking Integration
Wall Street Journal - 6 Nov 2019 16:58
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...
Stock Market Remains Near Highs, And Investors Await Fresh Catalyst For Next Move
Forbes - 6 Nov 2019 16:44
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
What's United Parcel Service's (UPS) Fair Stock Price Estimate Based On Expected 2019 Earnings?
Forbes - 6 Nov 2019 16:30
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...
Are Investors Right To Be On Edge?
Forbes - 6 Nov 2019 16:24
After an experimental decade of monetary policy, certain market assumptions have been flipped on their head.
Have Privacy Concerns Weighed On Facebook's Revenues?
Forbes - 6 Nov 2019 16:00
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...