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Market News

Location American Market News for 8 January 2020

U.S. Pork Producers Didn't Bring Home the Bacon in 2019

Wall Street Journal - 8 Jan 2020 12:30
Hog farmers missed 'the opportunity of a lifetime' last year during the trade war with China.
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Here's Why The Stock Market Hit New Record Highs After Trump's Comments On Iran Diffusing tensions helped Wall Street get back to winning ways.
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Tesla's $1.8 billion high-yield bond is trading at its full face value for the first time since the electric-vehicle maker issued the debt in 2017.
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Walmart Has Made A Genius Move To Beat Amazon America's biggest retailer Walmart has a master plan to beat Amazon in e-commerce.
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Iranian Strike on U.S. Forces Roils Markets

Wall Street Journal - 8 Jan 2020 03:30
Stocks fell, oil surged and haven assets rallied after Iran fired missiles at bases in Iraq where American troops are based.
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Saudi Aramco Shares Take Hit From Mideast Conflict

Wall Street Journal - 8 Jan 2020 23:55
Investors who bought Aramco shares after the Saudi oil giant's highly anticipated IPO last month haven't benefited from the outbreak of conflict in the company's Mideast backyard.
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Business Associate of Former Star Financier Pleads Guilty

Wall Street Journal - 8 Jan 2020 23:15
A former executive of a group of collapsed insurers agreed to plead guilty to federal conspiracy and fraud charges, and forfeit his rights to more than $20 million in a seized bank account.
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GrubHub Stock Soars 13% Amid News Of Possible Sale The food delivery company is exploring a possible sale, according to reports.
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Tariffs Are Having a Bigger Effect on U.S. Manufacturing Than Initially Thought U.S. tariffs on imported goods, particularly those originating in China, have had more of an impact on manufacturing and industrial output than initially believed.
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Iran's Token Reprisal Mask Slips, Donald Trump Blinks And Oil Futures See 10% Swings As talk of a U.S-Iran war subside following the latest skirmish, crude futures again start reflecting what is really driving the market - a surplus of barrels and a less than certain demand outlook.
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Stick a Cork in the IPO Bubbly

Wall Street Journal - 8 Jan 2020 20:03
Issuers of initial public offerings had a mixed year but left less money on the table by year-end.
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New Semiconductor Technologies Driving Down Cost Of Electric Vehicle Batteries Until now, electric vehicle batteries suffered from being costly, large and inefficient. Gallium nitride (GaN) and silicon carbide (SiC) are two semiconductor technologies in the driver's seat to change all that.
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Byron Wien's 2020 Surprises - Not Exactly Earth Shaking I feel like a "B" player in forecasting the course of financial markets this year. Maybe we're all "B" players herein because the level of the market ticks pricey at 18 times earnings. Make a mistake and they'll take our...
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Trump's Tweets Drive The Market

Forbes - 8 Jan 2020 19:12
Trump's Tweets Drive The Market When Trump speaks, the market listens.
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Sickness Can Turn to Health for Walgreens

Wall Street Journal - 8 Jan 2020 19:02
A strong flu season could still trump weak first-quarter results for the pharmacy giant.
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NPS allows up to 75% investment in equity for persons below the age of 50.Even after the age of 50, this limit is only gradually tapered off by 2.5% each year to finally reach 50% at the age of 60 when the account mature...
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Walgreens Boots Alliance Becomes Oversold

Forbes - 8 Jan 2020 18:35
Walgreens Boots Alliance Becomes Oversold in trading on Wednesday, shares of WBA entered into oversold territory, changing hands as low as $54.91 per share.
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Over-exposure to FDs is not good, and you need to assess your asset allocation and goals to decide how much money you should park in them.Here is a list of banks that offer the highest FD rates for deposits up to 1 crore...
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McDonald's Crosses Above Key Moving Average Level In trading on Wednesday, shares of McDonald's (NYSE:MCD) crossed above their 200 day moving average of $203.21, changing hands as high as $204.13 per share.
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Carney Claims Central Banks Face Recession Remedy Crisis He served as Governor of the Bank of Canada from 2008 to 2013 before moving, in March of that year, to the leading role at the Bank of England.
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Walgreens remains under pressure as more consumers shop online for drugstore staples such as shampoo and vitamins.
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Back In The Green: Stocks Climb Following Dramatic Plunge, Rebound On Iran Markets are likely to be on edge for a while here, so investors might want to keep their positions a bit smaller in case of intraday volatility.
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