Taking the occasional loss comes part and parcel with investing on the stock market. Unfortunately, shareholders of… …read more […]
(Bloomberg) — U.S. equity futures fell Friday along with stocks in Asia as a rotation away from high-flying tech stocks gained steam amid question marks over the sustainability of lofty valuations. European stock futures ticked up. Losses in Tokyo, Shanghai and Hong Kong were smaller than those seen in the U.S. overnight, as trader focus turned to the non-farm payrolls report later Friday. S&P 500 futures slipped after the benchmark fell 3.5% Thursday. Nasdaq contracts slid over 1% after the tech-heavy gauge’s 5% overnight slump, its largest since March. That suggests the U.S. retreat could extend for a second day …read more […]
(Bloomberg Opinion) — Strategists at JPMorgan Chase & Co. wrote this week about the odds narrowing on a Donald Trump win in the U.S. presidential election. His opponent, Joe Biden, is still comfortably ahead in the polls, but the bank’s commentary got me thinking about what impact the result might have on Europe’s markets, not least on the euro. What would four more years of Trump mean for the single currency, and would a Biden presidency mean anything different?The dollar’s weakness has become a cause of angst for the European Central Bank, which doesn’t have an official mandate to manage …read more […]
With an enviable reputation, IAG’s CEO Willie Walsh would be a hard act to follow at the best of times, but his successor Luis Gallego will have to steer its British Airways and Iberia out of the depths of the worst downturn in aviation history. A former pilot and dealmaker, Walsh created IAG by dragging two old-fashioned flag carriers into the modern age of budget flying, taking a tough line on unions and cutting costs to build a group that for years outperformed traditional European peers. As a key player within IAG, Gallego took the helm of Iberia …read more […]
(Bloomberg) — Asia’s wealthy are readying cash to take advantage of opportunities in financial markets and private equity once the impact of the coronavirus pandemic subsides, according to the head of private banking at Southeast Asia’s largest lender.Clients have increased cash holdings to about 40% of their portfolios in recent months, up from about 30% before the pandemic, Joseph Poon, who leads DBS Group Holdings Ltd.’s private bank, said in an interview this week. While the unit doesn’t disclose assets under management, it’s part of DBS’s S$251 billion ($184 billion) wider wealth platform, which is among the largest in Asia.“Clients …read more […]
(Bloomberg) — Oil in New York is poised for the biggest weekly decline since early June after gains in the dollar reduced the appeal of commodities priced in the U.S. currency, with concerns about over-supply mounting.Futures are down 4.7% this week, set for the first weekly loss since the end of July, with the biggest slide in U.S. equities in almost three months adding to the bearish sentiment. Meanwhile, the one-month timespread for West Texas Intermediate oil is near the widest contango since June, indicating investors are concerned about supply amid virus-driven demand destruction.Oil is off to a weak start …read more […]
(Bloomberg) — Thursday’s megacap tech selloff is likely just some froth coming off a hot market rather than a portent of a larger pullback to come.That’s the view of most market participants after the tech-heavy Nasdaq 100 suffered a 5.2% decline, its worst since March. Profit taking after a good run, seems to be the consensus explanation. Robust purchases of downside hedges, the possibility for positive news on the U.S. labor market and the potential for longer-term earnings growth, all suggest technology shares can remain supported.Here’s the views of some market participants on the selloff:Jobs and a Holiday“Yes, today was …read more […]
US markets see their worse day since June as shares in Apple, Amazon and other tech giants sink. …read more […]
Nokia Oyj’s largest investor, the Finnish government’s investment firm Solidium, has increased its stake to just over 5% for the first time, from about 4.8%, according to a regulatory filing. Nokia, which axed its dividend after a profit warning last October, has been scripting a turnaround by keeping a lid on costs and addressing shipment delays in its attempt to compete with rivals such as China’s Huawei and Sweden’s Ericsson. …read more […]
Wall Street’s ‘fear gauge’ is soaring again, as investors spooked by Thursday’s market decline rushed to load up on options protection, but analysts said the intensity of the move in volatility does not necessarily point to a market crash. The Cboe Volatility Index, which for weeks had been easing toward its longer-term average price of 19.4, on Thursday jumped 7.03 points, its largest one-day rise since June 11, and ended the session at a nearly 10-week closing high of 33.60. Recently, the VIX and S&P 500 index broke their historical pattern of moving in opposite directions by moving …read more […]
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Posted by OFX AUD – Australian Dollar The AUD had a rough session yesterday, falling from 0.7320 to 0.7265 on the day as global equities fell sharply. There was no obvious reason for the fall in equities however the moves spilled over into currency markets as commodity currencies like the Aussie and … Continue reading “AUD lower as global equities sold off”The post AUD lower as global equities sold off appeared first on . …read more […]
On Tuesday, Nvidia’s (NVDA) launched its new PC gaming GeForce graphics processing units, the 2nd gen GeForce RTX 30 Series – the 3090, 3080 and 3070 GPUs— all based on the company’s Ampere architecture.The “30 series” offers gamers and game developers extra performance and flexibility and boasts GPUs with 3D rendering gaming engines, 3rd-gen tensor cores and increased ray-tracing capabilities.From September 17, the flagship 3080 model will be available for $699. The 3070 will hit the shelves in October for $499, while the Titan-series like 3090 stands out as NVDA’s highest performance GPU and will be available on September 24 …read more […]
A few months ago, War Room members racked up gains in SmileDirectClub (Nasdaq: SDC). In fact, it’s a company I’ve written about in these very pages.
It boasts a network of approximately 240 orthodontists and general dentists across the United States, Puerto Rico, Canada, Australia and the United Kingdom. SmileDirectClub created SMILECHECK, a teledentistry platform for doctor monitoring and communication. It also provides a clear aligner therapy treatment, an alternative to traditional orthodontics.
SMILECHECK is a central data repository for all medical records, business transactions and member communications. It provides an online portal that allows for remote access to treatment plan information. …read more […]
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