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Market News

Location American Market News for 11 December 2019

GameStop's Long Waiting Game

Wall Street Journal - 11 Dec 2019 18:53
The game retailer's sales plunge as market awaits new Xbox and PlayStation consoles.
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Fed Adds $42 Billion in Overnight Liquidity

Wall Street Journal - 11 Dec 2019 17:19
The Federal Reserve Bank of New York added $42 billion in one-day liquidity to financial markets.
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Why Has Pure Storage Stock Tanked 20% In The Last Two Weeks? Pure Storage Inc (NYSE: PSTG), a company that develops all-flash storage hardware and software products, has seen its stock price drop by more than 20% in a fortnight on account of missing consensus sales estimates of $4...
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All the Fed Wants for Christmas Is 2% Inflation

Wall Street Journal - 11 Dec 2019 23:21
The Federal Reserve wants to let inflation run hot for a while, but you can't always get what you want.
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JPMorgan Takes Aim at Rivals in Wealth Business Revamp

Wall Street Journal - 11 Dec 2019 23:08
JPMorgan Chase is taking a bigger swing at wealth management, revamping its business units in an effort to better compete with big-bank rivals such as Morgan Stanley.
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My 2020 Plan For Safe 6.5% Dividends

Forbes - 11 Dec 2019 23:07
My 2020 Plan For Safe 6.5% Dividends This quick 3-step plan positions you for fast 70% upside, too--especially when stocks dive.
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Former Executive at Credit Suisse Venture Says She Was Spied On

Wall Street Journal - 11 Dec 2019 22:23
Colleen Graham told a U.S. labor court she was retaliated against over an accounting issue, a claim Credit Suisse denies.
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Fed Stands Pat: Leaves Rates Unchanged And Hints It Might Stay That Way Awhile Fed confirms that the labor market and consumer are healthy, though it's still seeing soft business investment.
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Marijuana Legalization Could Be Coming To These States In 2020 Here are the states that are top contenders to legalize cannabis in 2020.
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Is the Fed Gearing Up for a New Round of Quantitative Easing? The Fed's balance sheet is expanding again for the first time since the bank began to unwind in 2017.
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Oil Slips After OPEC, EIA Reports Forecast Robust Supply

Wall Street Journal - 11 Dec 2019 20:31
The projections say that the world will remain flooded with oil into next year.
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If Trump Removes Tariffs, The Trade War Dies And China Wins China wants a rollback on existing tariffs as a pre-requisite for the phase one deal. Either they give up on that, or Trump surprises with a big gift to Xi Jinping.
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Chevron announced it's writing down as much as $11 billion worth of assets, which could impact earnings for the entire market.
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Pimco Investment Executive Worah to Retire in March

Wall Street Journal - 11 Dec 2019 19:45
Pacific Investment Management's Mihir Worah, one of the money manager's investment chiefs, will retire in March, according to an internal memo.
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How much a house costs in Bengaluru

livemint.com - 11 Dec 2019 18:42
Our compilation of property prices of prominent localities in major cities and surrounding areas across India may help you compare and make an informed decision .Here are prices of some properties in price bands of below...
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Treasury Yields Seesaw Ahead of Fed Decision

Wall Street Journal - 11 Dec 2019 18:26
U.S. government-bond yields swung in a tight band ahead of the conclusion of the Federal Reserve's last scheduled policy meeting of the year, where the central bank is expected to hold interest rates steady.
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Aramco: The Second Trillion Is the Hardest

Wall Street Journal - 11 Dec 2019 18:15
By some measures, the nearly $2 trillion valuation of Aramco only puts it in fairly middling company.
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Bond Investing Had Changed. How To Change With It. Interest rates have fallen recently. And by recently, I mean for the last 40 years! There are many ways I can show you what that looks like, to help you see what I see and why it is so important to you as an investor.
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Paul Volcker Made Globalization Happen, His Death Should Make Us Think About Institutions Volcker stands for many of the things that are missing in our international political economy - a willingness to take unpopular though telling policy actions, the independence of central banks from markets and politician...
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Venezuela: Another Unhappy New Year!

Forbes - 11 Dec 2019 17:10
Venezuela: Another Unhappy New Year! Political isolation is guaranteed for 2020 as PSUV digs in its heels for another lousy year in power.
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Is BNY Mellon Doing Enough To Keep Costs In Check? The Bank of New York Mellon (NYSE: BK) is the world's largest custody bank by assets, which provides Investment Servicing (e.g. asset servicing, issuer services and clearing services) and Investment Management services t...
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Germany Pushes Forward on European Financial Transactions Tax

Wall Street Journal - 11 Dec 2019 16:28
Germany, France, Italy and seven other countries are moving forward with a plan to impose a joint financial transaction tax on stock trading, an effort that has proved elusive in Europe.
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