Market News
Private Prison Operator CoreCivic Finds New Bankers As U.S. Lenders Pull Back
Forbes - 12 Dec 2019 17:00
Until recently, anger over for-profit detention was mainly directed towards companies that operate such facilities. But the banks that lend to them have come under increasing pressure, a trend accelerated in recent month...
Fed Officials Are Stressed Out About Ongoing Disruptions In Bank Funding Markets
Forbes - 12 Dec 2019 17:15
The Federal Reserve's policy meeting this week had, unusually, little to do with interest rates.
Nestlé's Full-Fat Ice-Cream Sale Comes Later
Wall Street Journal - 12 Dec 2019 11:34
Nestlé's latest deal should help it milk the softening ice-cream business for private-equity style returns, perhaps ahead of a potential initial public offering in a few years' time.
New York Fed Again Upsizes Liquidity Plans for Turn of the Year
Wall Street Journal - 12 Dec 2019 23:56
The Federal Reserve Bank of New York said it would again increase the scope of liquidity operations it is willing to offer financial markets to ensure money-market rates remain relatively calm during an uncertain year-en...
Trade Optimism Boosts Shares of Casino, Manufacturing, Semiconductor Companies
Wall Street Journal - 12 Dec 2019 23:17
Shares of companies sensitive to U.S.-China trade policy are rallying on hopes that the two countries may be nearing an agreement.
Buffett Protege's Venture Raises $340 Million Ahead of London Listing
Wall Street Journal - 12 Dec 2019 22:47
An investment vehicle co-founded by Tracy Britt Cool said it has raised $340 million for acquisitions.
Bond God: Time To Sell Junk Bonds
Forbes - 12 Dec 2019 22:40
Brilliant bond manager Jeffrey Gundlach has decreed that it's time to sell "junk" bonds
PayPal Sues U.S. Regulator Over Prepaid-Card Rule
Wall Street Journal - 12 Dec 2019 22:26
The payments company contends 'digital wallets' should be exempt from the rule designed to regulate prepaid cards.
U.S., China Trade Deal Only Needs Trump Signature, According To Report
Forbes - 12 Dec 2019 22:05
The long-awaited trade deal could finally be happening.
Aramco Hits $2 Trillion. What's Next?
Forbes - 12 Dec 2019 21:42
Aramco reached $2 trillion on the local Saudi exchange, but, in the process, the government and the company made international investors extremely skeptical.
Markets Welcome Christine Lagarde's First ECB Policy Meeting
Wall Street Journal - 12 Dec 2019 21:41
Bank stocks and government bonds reacted positively to Christine Lagarde's first policy decision as President of the ECB, taking their cue from her slightly more optimistic comments about growth in the eurozone.
Global Banks Earn Low Fees on Saudi Aramco IPO
Wall Street Journal - 12 Dec 2019 21:06
The bulk of the banks leading the Aramco deal earned small fees of between $3 million and $4 million each for their roles in the IPO, according to people familiar with the matter.
Tariff Relief Would Send China's Stock Market Even Higher
Forbes - 12 Dec 2019 19:55
If China just wants a pause on December tariffs, that's doable. Why cut existing tariffs? If Trump did, it's a win for China.
Fed Pumps Nearly $70 Billion in Short-Term Liquidity Into Markets
Wall Street Journal - 12 Dec 2019 18:43
The Federal Reserve Bank of New York injected $68.9 billion in short-term liquidity to financial markets through a two-part intervention, as part of its continuing bid to tame volatility in money-market rates.
Aramco's Underwriting - Flashy, Foolish Geopolitics
Forbes - 12 Dec 2019 18:22
If you agree with me that the clearing price for oil averages near $60 a barrel for years to come, the underwriting of Saudi Aramco at a premium valuation makes no sense, financially.
Medicare Enrollment Can Be Confusing and Lead to Unexpected Costs
Wall Street Journal - 12 Dec 2019 18:18
As more Americans postpone retirement, a growing number are experiencing Medicare enrollment problems that can saddle them with hefty penalties and monthslong coverage gaps.
Forget Hawks and Doves, It's Time for Owls at Central Banks
Wall Street Journal - 12 Dec 2019 17:30
In her first policy meeting as head of the European Central Bank, Christine Lagarde delivered clear forward guidance for bird-watchers.
U.K. Election Won't End Brexit Uncertainty
Wall Street Journal - 12 Dec 2019 16:22
Whoever ends up leading Britain, the growth-sapping uncertainty that has weighed on the economy since the 2016 referendum on leaving the European Union seems likely to persist.
Politics And Trade: UK Election Results, U.S. Tariff Decision In Sharp Focus To Start Day
Forbes - 12 Dec 2019 16:19
Stocks had a mixed tone early on but then took a turn lower after a surprisingly high 252,000 figure for weekly initial jobless claims. That was the biggest since 2017, but one data point doesn't represent a trend. Infla...
Cisco Puts Its Chips in a New Game
Wall Street Journal - 12 Dec 2019 16:19
Cisco announced a new family of routers, along with a new chip architecture called, which could allow the network equipment giant to crack a key part of the market that has eluded it to date.
The Good And Bad: C.H. Robinson Worldwide And Heska Corporation
Forbes - 12 Dec 2019 16:13
See two of the featured stocks from this month's model portfolios.
The Effulgence Of Europe's Electric Auto Production
Forbes - 12 Dec 2019 15:51
Within the spectrum of auto production there is an increasing focus on "Electrically-Chargeable Vehicles" (ECV's).