Market News
Insurance Tycoon Greg Lindberg's Bribery Trial Begins
Wall Street Journal - 21 Feb 2020 16:41
Lawyers for insurance mogul Greg Lindberg are fighting federal bribery charges by telling jurors that the executive believed he was staying within elections law as he made political contributions to counter what he perce...
What the E*Trade Deal Tells You About the New Investing Game
Wall Street Journal - 21 Feb 2020 18:00
The days of the 'financial supermarket' are over. Investment firms want to grab as much of your money as they can.
All That Glitters Isn't Charmin
Wall Street Journal - 21 Feb 2020 18:53
Toilet paper is scarce in Hong Kong, but it isn't worth its weight in gold.
Quebec's Caisse Eyes $1 Billion Payday on Bombardier Train Sale
Wall Street Journal - 21 Feb 2020 14:00
Quebec's giant pension-fund manager is poised to earn a $1 billion profit from Alstom's planned takeover of Bombardier's train business, thanks to an unusual deal it struck four years ago.
MFA Financial Passes Through 10% Yield Mark
Forbes - 21 Feb 2020 22:37
In trading on Friday, shares of MFA Financial were yielding above the 10% mark based on its quarterly dividend (annualized to $0.8), with the stock changing hands as low as $7.90 on the day.
After Courts Kill a Federal Fiduciary Rule, Massachusetts Launches Its Own
Wall Street Journal - 21 Feb 2020 22:25
Massachusetts said it adopted new rules requiring brokers to act in their clients' best interests, staking its claim as one of the first U.S. states to raise the bar on investor protections since a federal measure was st...
Top U.S. Regulator Said to Lobby Bank CEOs on Overhaul of Low-Income Lending Rules
Wall Street Journal - 21 Feb 2020 22:25
Joseph Otting, a top U.S. regulator, is personally lobbying bank chiefs to win support for his signature initiative: an overhaul of rules governing hundreds of billions of dollars in lending to low-income areas.
China Mints A Second Robotic Home Cleaner Billionaire
Forbes - 21 Feb 2020 22:19
A busy IPO schedule in the first quarter, along with the continuing operation of its stock exchanges and financial industry, has added to China's billionaire total even as fallout from the coronavirus persists.
HSBC Narrows CEO Race to Two
Wall Street Journal - 21 Feb 2020 20:34
HSBC is in the final stages of selecting its next chief executive, people familiar with the matter said, in a race that has narrowed to interim CEO Noel Quinn and UniCredit boss Jean Pierre Mustier.
Daily Dividend Report: Royal Bank Of Canada, Coca-Cola, Prologis, W. R. Berkley, AbbVie
Forbes - 21 Feb 2020 19:31
Daily Dividend Report: Royal Bank Of Canada, Coca-Cola, Prologis, W. R. Berkley, AbbVie
Wells Fargo Nears Settlement With Government Over Fake-Account Scandal
Wall Street Journal - 21 Feb 2020 19:27
Wells Fargo could pay roughly $3 billion combined as it nears settlements with the Justice Department and the SEC over its long-running fake-account scandal, according to people familiar with the matter.
U.S. Long-Bond Yield Hits All-Time Low
Wall Street Journal - 21 Feb 2020 19:18
The yield on the benchmark 30-year bond fell to a record low as fears that the coronavirus will slow global economic activity drove investors into government securities.
Exxon Mobil Stock Getting Very Oversold
Forbes - 21 Feb 2020 18:58
In trading on Friday, shares of Exxon Mobil entered into oversold territory, changing hands as low as $58.79 per share.
Putin Can't Be Rooting For Trump. Why Russia Needs A Democrat Win
Forbes - 21 Feb 2020 18:35
The latest reports may insist that Russian president Vladimir Putin wants President Trump to win the 2020 election, but that's just not logical.
No, This Rally In Bonds And Stocks Is Not Normal
Forbes - 21 Feb 2020 18:10
Since the low in TLT on Dec. 31, the long-term Treasury fund is up 8.3 percent. The S&P 500 is up 4.7% and the Nasdaq up 10%. Over the past year it's 20%, 21% and 36%, respectively.
Noteworthy ETF Inflows: The Vanguard Large-Cap ETF
Forbes - 21 Feb 2020 17:50
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''
Precious Metals Rally Continues on Virus Fears
Wall Street Journal - 21 Feb 2020 17:34
Gold and silver extended a recent surge, capping off a strong week for safe-haven assets amid investors' concerns that the coronavirus will have a long-lasting impact on global growth.
Deere rises after tractor-maker reports better-than-expected earnings, says farming stabilizing
CNBC - 21 Feb 2020 16:42
Deere beat earnings and revenue expectations for its fiscal first quarter.
Coca-Cola expects coronavirus to lower first-quarter earnings, but holds firm to its 2020 forecast
CNBC - 21 Feb 2020 16:29
Coca-Cola is forecasting that the virus will hit its quarterly earnings by 1 cent to 2 cents, unit case volume by 2% to 3% and organic revenue by 1% to 2%.
Rising Coronavirus Tallies In China, Elsewhere Leave Investors Feeling Jittery
Forbes - 21 Feb 2020 16:28
The risk switch has toggled to the "off" position Friday morning amid fresh coronavirus fears. Stocks are in the midst of a selloff, gold shot to levels not seen since 2013, and the 30-year Treasury yield dropped below 1...
Debt Crisis Deepens at Unit of Elite Chinese College
Wall Street Journal - 21 Feb 2020 16:12
A conglomerate backed by Peking University missed a key debt payment in China, potentially triggering defaults on $3 billion of international bonds.
Saudis Weigh Break With Russia Over Response to Coronavirus
Wall Street Journal - 21 Feb 2020 16:05
Saudi Arabia is considering a break from its four-year oil production alliance with Russia, as China's coronavirus outbreak contributes to a drop in global oil demand, according to people familiar with the matter.