Asian stocks rose on Tuesday as an apparent olive branch from Beijing in trade talks with Washington added to other recent signs of progress, fuelling a rally in Wall Street’s main benchmarks to record highs.
Monetary policy is “well positioned” to support the strong labor market, which is just now starting to benefit workers on the margins, Federal Reserve Chair Jerome Powell said Monday.
Synchrony Financial said on Monday it was investigating the cause of a notification sent erroneously to some customers regarding the financial services company’s co-branded card with Amazon.com Inc. A Synchrony spokesperson said the e-mail sent in error did not include any customer data or personal information. …read more […]
(Bloomberg) — If 2019 was the year the yield curve went mainstream, with an inversion sending a stark recession warning, then 2020 is already shaping up as a welcome return to normality.Nobody is willing to call the all-clear on the global economy yet given a trade deal between the U.S. and China is still to be reached. Even so, the prospect of longer-term yields stretching their premium over shorter maturities is among the top trade ideas for next year on Wall Street, drawing money from the likes of BlackRock Inc., Penn Mutual Asset Management and Aviva Investors.“The curve, from two- …read more […]
Monetary policy is “well positioned” to support the strong labor market, which is just now starting to benefit workers on the margins, Federal Reserve Chair Jerome Powell said Monday. Powell said he has heard stories of employers and schools collaborating to train and hire people with various levels of education and workers with disabilities, according to prepared remarks to be delivered at an annual dinner for the Greater Providence Chamber of Commerce. “We have heard that many people who in the past struggled to stay in the workforce are now working and adding new and better chapters to …read more […]
Q3 2019 Stellus Capital Investment Corp Earnings Call …read more […]
The U.S. securities regulator on Monday proposed new regulations for the use of derivatives by investment funds to introduce some safeguards for more risky products and increase competition.
Australia’s Westpac Banking Corp said on Tuesday its CEO will step down and its chairman will bring forward his retirement as a money-laundering scandal rocks the country’s second-largest retail bank.
A Delaware judge on Monday ordered broadcaster CBS Corp to turn over records regarding its plan to reunite with Viacom Inc to a shareholder who wants to investigate if the deal unfairly benefits Shari Redstone, who controls both companies.
Q3 2019 H&R Real Estate Investment Trust Earnings Call …read more […]
A Delaware judge on Monday ordered broadcaster CBS Corp to turn over records regarding its plan to reunite with Viacom Inc to a shareholder who wants to investigate if the deal unfairly benefits Shari Redstone, who controls both companies. The deal is scheduled to close on Dec. 4, combining CBS television network, CBS News, Showtime cable networks with MTV Networks, Nickelodeon, Comedy Central and the Paramount movie studios. The judge, Joseph Slights of Delaware’s Court of Chancery, ordered CBS to turn over materials the CBS board discussed when considering the merger with Viacom, which was split from CBS …read more […]
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing more than 750 13F filings submitted by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of September […] …read more […]
U.S. House of Representatives Speaker Nancy Pelosi said on Monday that a version of the U.S.-Mexico-Canada trade agreement that House Democrats could back was “within range,” but said they needed to conduct a final review.
(Bloomberg) — Dell Technologies Inc. is exploring a sale of RSA Security, a cybersecurity business it hopes could fetch at least $1 billion, including debt, according to people familiar with the matter.Discussions are at an early stage and there is no guarantee Dell will end up selling the asset, said the people, asking not to be identified because the matter is private.A representative for Dell declined to comment.RSA helps companies detect, investigate and respond to security risks as well as reduce intellectual property theft, fraud and cybercrime, according to Dell’s annual report. RSA, which says it has more than 30,000 …read more […]
Hewlett Packard Enterprise Co missed Wall Street estimates for quarterly revenue on Monday, hit by lower demand for its servers and storage products, sending its shares down about 4% in trading after the bell.
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