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Market Morning: Stocks Worth $90T, Gold Jumps, Chinese Chicken Problems, El Erian Worries

Value Of Earth’s Stock Markets Reaches $90 Trillion Just $910 trillion to go before we have to start using the word “quadrillion” in reference to stock valuations. The dizzying number has a lot to do with central banks around the world, which continued to print money at breakneck speed for the 11th year since the […]The post Market Morning: Stocks Worth $90T, Gold Jumps, Chinese Chicken Problems, El Erian Worries appeared first on Market Exclusive. …read more […]

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Are These Stocks the New Gold Standard?

Is your stock portfolio as good as gold? While we all know that stocks are where the action is – the S&P 500 is up 29% year-to-date, the Dow Jones has gained 22% – gold has also shown strong appreciation. The precious metal is a traditional hedge against uncertainty and is up 17% for 2019.Gold’s gains have come in the latter half of the year, as the markets started showing some warning signs of a slow-down, especially in Europe. The US-China trade tensions have made investors nervous, too. And in situations when investors get nervous, they turn to gold as …read more […]

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Top Analysts Pound the Table on 2 Semiconductor Stocks

The semiconductor industry is looking at better times ahead. This is good news for an industry that has been hard-hit by slower sales, as customers held back in anticipation of near-term system upgrades and as the US-China trade tensions brought the threat of higher tariffs and prices.The coming implementation of 5G in conjunction with the natural replacement cycle of gaming consoles are boosting demand for faster processors and higher memory, a definite turn for the better. Even better for the industry, the US and Chinese governments are in the process of implementing a trade agreement that will turn back tariffs …read more […]

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Gold Makes Headway Above $1,500 as 2020 Comes Into Closer Focus

(Bloomberg) — Gold firmed up a foothold above $1,500 an ounce as investors positioned for 2020, with post-Christmas gains coming even as equities inched higher and U.S.-China trade concerns eased. Silver rose along with platinum and palladium in what’s been a banner year for precious metals.Bullion advanced for a fourth day, the best run since October, and headed for the highest close in more than seven weeks. The climb comes amid a focus on whether the Federal Reserve’s rate-cutting pause will hold next year following three reductions in 2019.“Without a dovish Fed pivot, it’s unlikely gold will make explosive gains, …read more […]

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Singapore November factory output falls most in four years

Singapore’s industrial output unexpectedly fell in November, marking its biggest drop in four years, in an indication that any recovery in the Asian bellwether economy is likely to be patchy. Manufacturing output last month fell 9.3% from a year earlier, data from the Singapore Economic Development Board showed on Thursday, the sharpest decline since December 2015. Electronics manufacturing slumped 20.9% and pharmaceutical production declined 12.7%. …read more […]

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Putin’s Grand Gas Project Makes Sense Now

(Bloomberg Opinion) — In the space of just a few momentous weeks, one of Russian President Vladimir Putin’s most ambitious projects — a Russian natural gas export system to match the new geopolitical reality rather than the Cold War-era one — has taken its final shape. It will probably last, without major change, until the end of Russia’s run as a top energy exporter. The finishing touches to the project, begun in 2001 with the construction of the Blue Stream pipeline to Turkey, include the launch of the Power of Siberia pipeline to China on Dec. 2, last week’s U.S. …read more […]

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Prosecutors claim Avenatti was over $15 million in debt during alleged Nike extortion

“Specifically, the Government presently estimates that the defendant’s debts at that time were, conservatively, in excess of $15 million,” prosecutors said in a filing late on Tuesday in the U.S. District Court for the Southern District of New York. In a statement to Reuters late on Wednesday, Avenatti denied those claims and dismissed them as “bogus”. Last week, Avenatti, 48, pleaded not guilty to an indictment accusing him of trying to extort up to $25 million from Nike by threatening to go public with claims the company made improper payments to athletes. …read more […]

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Prosecutors claim Avenatti was over $15 million in debt during alleged Nike extortion

California attorney Michael Avenatti, known for representing porn actress Stormy Daniels in a lawsuit against U.S. President Donald Trump, was more than $15 million in debt when he allegedly tried to extort as much as $25 million from Nike Inc , U.S. prosecutors claimed.

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