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Market News

Location American Market News for 10 December 2019

Deutsche Bank Cites Progress in Turnaround

Wall Street Journal - 10 Dec 2019 11:23
The German lender said it is making progress cutting costs and stabilizing businesses weakened from revenue declines in its effort to convince investors that an ambitious five-month-old reorganization is on track.
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Chewy Finally Looks Appetizing

Wall Street Journal - 10 Dec 2019 18:44
After giving up nearly all of its post-IPO gains, the online pet-supplies retailer is starting to look like good value.
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AutoZone Races Toward Record, Fueled By Strong Earnings

Wall Street Journal - 10 Dec 2019 23:51
Shares of AutoZone surged Tuesday toward an all-time high after the distributor of automotive replacement parts and accessories reported higher-than-expected sales and profits.
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Saudi Aramco Sounds Out Investors on Asia IPO

Wall Street Journal - 10 Dec 2019 22:23
Saudi Arabia still hopes to attract the foreign capital it failed to draw with its record-breaking domestic IPO.
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Macerich Shares Cross 11% Yield Mark

Forbes - 10 Dec 2019 22:12
Macerich Shares Cross 11% Yield Mark In trading on Tuesday, shares of Macerich Co (NYSE:MAC) were yielding above the 11% mark based on its quarterly dividend (annualized to $3), with the stock changing hands as low as $26.98 on the day.
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Retail Renaissance: New Entertainment Options for Consumers A number of macro trends, including demographics and technology, effecting the industry are resulting in adjustments to the tenant curation within retail real estate properties.
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Only The Financial Pundits See Recession

Forbes - 10 Dec 2019 21:40
Only The Financial Pundits See Recession BlackRock, State Street, S&P Global Ratings: no recession. #SorryBloomberg.
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New York Life in Talks to Buy Cigna's Nonhealth Benefits Unit

Wall Street Journal - 10 Dec 2019 20:59
New York Life is negotiating with Cigna to acquire a unit that sells life, accident and disability-income insurance to employers.
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The world's largest money manager is favoring U.S. Treasurys over other sovereign bonds because it expects yields outside the U.S. to linger near recent lows.
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More Trouble Ahead For This FAANG Stock

Forbes - 10 Dec 2019 20:15
More Trouble Ahead For This FAANG Stock Amazon stock just ran up to its 80-day moving average, which has had bearish implications for the security in the past
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Five Reasons To Bet Netflix Stock Will Fall

Forbes - 10 Dec 2019 19:33
Five Reasons To Bet Netflix Stock Will Fall With Needham forecasting that Netflix could lose up to 4 million U. S. subscribers in its premium tier in 2020, there are 5 reasons to bet the stock could fall.
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The declared dividend represents a 9.8 percent increase from the prior quarterly rate and the twenty-fifth consecutive year in which the Company has increased its common share dividend.
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What Paul Volcker, Warren Buffett and Peloton Have in Common

Wall Street Journal - 10 Dec 2019 19:00
The former Fed chief is no longer with us, but his name will continue to be misspelled.
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Quiet Payments Promote High-Fee Investments for Teachers

Wall Street Journal - 10 Dec 2019 18:46
Undisclosed financial ties sometimes exist between administrators hired by school districts for their teacher retirement plans and the companies whose investment products those administrators promote, The Wall Street Jou...
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Fed Pumps $70.2 Billion in Short-Term Liquidity Into Markets

Wall Street Journal - 10 Dec 2019 17:57
The New York Fed continued its financial market intervention and added $70.2 billion in temporary liquidity through two operations.
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Ex-Dividend Reminder: El Paso Electric, Conmed and Gilead Sciences On 12/12/19, El Paso Electric, Conmed and Gilead Sciences will all trade ex-dividend for their respective upcoming dividends.
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Trade Clarity Could Give Commodities Needed Boost

Wall Street Journal - 10 Dec 2019 17:20
Commodity investors are closely watching trade developments between the U.S. and China, hoping that a resolution to their trade war will relieve pressure on a host of materials.
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'Lawfare' In Argentina And Alberto Fernández & Cristina Kirchner's War With The Media And The Judiciary The then president-elect took to Twitter the week before taking power, where he is looking increasingly like a second-hand version of Donald Trump, to lambast investigative journalist Hugo Alconada Mon, suggesting the re...
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Mint Globetrotter Index: Take a trip to Bratislava

livemint.com - 10 Dec 2019 16:45
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
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Wall Street Is Cheering A Potential Postponement Of Extra Tariffs On Chinese Goods Trade tensions seem to be easing this morning after a report says U.S. and Chinese officials are working on a delay in additional tariffs.
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How much tax do you pay on debt-related investments?

livemint.com - 10 Dec 2019 16:29
Equity investments tend to give higher returns than all other asset classes over the long run, but they are also riskier. .Here's a look at the tax rules that apply to some debt-related investment products
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Earnings Distortion Analysis Reveals Opportunity In Defensive Sectors This sector has the least earnings distortion, earns an attractive rating, and provides value for investors.
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