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Market News

Location American Market News for 16 January 2020

Bitcoin Is The New Gold: Study

Forbes - 16 Jan 2020 03:43
Bitcoin Is The New Gold: Study Bitcoin, similar to gold, is a good hedge against global uncertainties like trade wars.
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North Carolina insurance officials are seeking appointment of a temporary receiver to take control of hundreds of private companies owned by the insurance executive.
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Bank of New York Mellon Shares Fall on Expense Concerns

Wall Street Journal - 16 Jan 2020 19:10
Executives on Thursday warned investors that its expenses may rise more than expected this year, sending shares of the bank down.
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Finra Fines Prudential Affiliate for Misstatements

Wall Street Journal - 16 Jan 2020 19:04
Finra, Wall Street's self-regulatory arm, disclosed a $1 million fine against an affiliate of Prudential Financial for providing potentially thousands of workers in some of the retirement plans it administers with inaccu...
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ICICI Bank introduces OTP-based log-in facility for internet banking.The facility enables the bank's customers to log-in to their internet banking account using their registered mobile number, OTP and their debit card PI...
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Morgan Stanley Earnings Preview: Will Morgan Stanley Report An Earnings Beat For FY 2019? Morgan Stanley (NYSE: MS) will release its Q4 and full-year 2019 results on Thursday, January 16. Trefis details expectations from the global financial services firm in an interactive dashboard, parts of which we highlig...
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Trump's Bashing Of Federal Reserve Chair Jerome Powell Defies Economic Logic Just because Donald Trump is accustomed to being deep in debt doesn't mean he actually understands the basics of the Federal Reserve's interest rate policies.
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WeWork Signed Just 4 New Leases Last Quarter, Part Of A 93% Drop Two leasing projects were in Manhattan, while the others were in San Francisco and Philadelphia.
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Options Traders Brace for Big Moves in Netflix Stock

Wall Street Journal - 16 Jan 2020 21:28
They are projecting a 7.6% move for Netflix shares after the streaming company reports results next week, above the average 6% move recorded after the last eight earnings releases.
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One of the many provisions of the SECURE act signed into law last week was the delay to age 72 for participants turning age 70 ½ after 2019.
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Morgan Stanley Raises the Bar

Wall Street Journal - 16 Jan 2020 20:07
After a record year, Morgan Stanley is seeking even more, a move investors should welcome.
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Treasury to Sell $92 Billion in Debt

Wall Street Journal - 16 Jan 2020 20:01
The U.S. Treasury Department's auctions next week will range from 13-week bills to 10-year Treasury inflation-protected securities.
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Remembering the Mother of All Selloffs

Wall Street Journal - 16 Jan 2020 19:37
Oil's reaction following the killing of Qassem Soleimani has some parallels with what happened during Operation Desert Storm in 1991.
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Tesla Boldly Goes Where No Auto Stock Has Gone Before

Wall Street Journal - 16 Jan 2020 18:29
Less than two years after Elon Musk promised the 'short burn of the century' for investors betting against Tesla shares, the iconic CEO most certainly delivered.
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Indian investment manager should not be a 'connected person' with the eligible investment fund.Overseas fund may be treated as a resident of India on account of the place of effective management being in India based on t...
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New York Fed Adds $74.2 Billion to Markets in Two Operations

Wall Street Journal - 16 Jan 2020 18:01
The Federal Reserve Bank of New York added $74.2 billion in temporary money to financial markets via two repurchase agreement operations.
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Profits For Hire: Top HR Stocks For Investing In Today's Workforce With unemployment at 50-year lows, it is not surprising that employment and personnel services are seeing strong demand. In our annual MoneyShow Top Picks 2020 report, several leading advisors look to this market niche, ...
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The S&P 500 Index increased more than 31 percent, putting last year among the very best going all the way back to 1928.
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Earnings Off To A Positive Start With Big Banks Done Reporting, And Stocks Near Records Markets are picking up some momentum early Thursday after solid results from Morgan Stanley and strong retail sales. The banks generally looked positive on earnings, and that's giving stocks some support. Keep an eye on ...
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Bank of New York Mellon missed analysts' estimates for quarterly profit on Thursday, as the world's largest custodian bank earned less from its interest-earning assets due to rate cuts by the Federal Reserve.
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SEC Commissioner Jackson Resigns to Return to Teaching Position

Wall Street Journal - 16 Jan 2020 16:00
One of the two Democratic members of the Securities and Exchange Commission plans to step down next month, leaving Republicans with stronger control of the agency.
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What Fueled 40% Growth In Union Pacific's Stock Over The Last 2 Years? Union Pacific's (NYSE: UNP) stock price grew 40% from around $125 levels by the end of 2017 to $176 in 2019, primarily driven by expansion of net income margin, and P/E multiple, along with slight revenue growth, and low...
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