Visa , Mastercard Inc and other key financial partners may reconsider their involvement in Facebook Inc’s cryptocurrency, Libra, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
(Bloomberg Opinion) — News that the U.S. government accepted some and rejected other tariff-exemption requests by Apple Inc. offers a veneer of triumph both for Tim Cook and President Donald Trump. As a result of the decision, the company could have to shell out more for components of the Mac Pro. It also means the victors from this charade are neither Texas – where the computer will be assembled – nor China, where the parts will be sourced. More likely, countries such as Vietnam, Mexico and Taiwan will reap the spoils, as they’ve done throughout the trade war.Companies including HP …read more […]
Deere & Co on Tuesday announced indefinite layoffs for 163 U.S. manufacturing workers at plants in Illinois and Iowa that make agricultural, forestry and construction equipment, citing decreased customer demand.
A group of drug retailers and distributors asked an Ohio federal appeals court Tuesday to disqualify the judge overseeing national opioid litigation after the judge himself denied their requests. Walmart, Walgreens, CVS, Rite Aid and drug distributors AmerisourceBergen, McKesson and Cardinal Health told the 6th U.S. Circuit Court of Appeals in Cincinnati that Cleveland-based U.S. District Judge Dan Polster is not impartial. Polster made the initial ruling on their claim, declining Thursday to remove himself from the massive multidistrict litigation and insisting he has remained neutral. …read more […]
(Bloomberg) — David Einhorn’s value-oriented Greenlight Capital hedge funds surged in September amid the market’s temporary shift away from long-favored momentum stocks and toward inexpensive equities.Greenlight gained 8.4% across its funds, bringing returns for the year to a weighted average of 24%, according to an update sent to clients Tuesday.Einhorn, who has remained committed to his strategy of buying beaten-down stocks while shorting growth companies, is in the midst of a resurgence following his worst year on record. His New York-based firm, which oversaw $12 billion at its peak, lost 34% in its main fund in 2018.The fund manager has …read more […]
Oil futures sank on Tuesday as weak U.S. economic data dimmed crude’s demand outlook and pressured prices, while reports of a third-quarter decline in output from the world’s largest oil producers kept oil from falling further.
Yahoo Finance’s Jen Rogers, Myles Udland, Adam Shapiro and Heidi Chung discuss how a weak manufacturing report impacted the market. …read more […]
Q2 2019 Natuzzi SpA Earnings Call …read more […]
General Motors de Mexico says it will perform “preventive” maintenance to facilities and equipment at its Silao manufacturing complex while it is shut down due to a labor dispute in the United States. The company says that “for the moment,” its facilities in Ramoz Arizpe, San Luis Potosi and Toluca are operating normally. The 16-day strike by auto workers forced GM de Mexico to shut down the Silao plant starting Tuesday, affecting 6,000 workers. …read more […]
New bipartisan legislation in the U.S. Congress would change the way hotels and online travel agencies display what one supporter called “the most-hated fee in travel,” hotel resort fees. Democratic Congresswoman Eddie Bernice Johnson of Texas and her Republican peer Jeff Fortenberry of Nebraska have introduced the Hotel Advertising Transparency Act of 2019, a measure […] …read more […]
Opioid litigation increasingly affecting credit outlooks for drug makers and distributors. …read more […]
Here we are, October 1…
The start of Q4…
And the start of one of the historically worst months in market history.
According to Macro Risk Advisors, the CBOE Volatility Index (VIX) tends to peak in October.
As a note, a “peak” on the VIX equates to a market under heavy selling pressure. The index is sometimes called the “fear gauge.”
Coming off September, the S&P 500 somehow shrugged off a series of troubling geopolitical news items (from impeachment news to China trade talks) to gain 1.7%.
So, as we head into October, it’s easy to realize that it might be hard to hold on to …read more […]
The race is on to develop a lighter, safer and more efficient type of battery, and the latest competitor to the dominant lithium-ion battery is an aluminum-based battery …read more […]
Perhaps it’s because I’m getting older (I turned 66 last week), but as time goes on, my opinions about money and investing are changing.
Ten years ago, I didn’t own a single dividend-paying stock. Virtually all of my stock positions now earn at least a 3.5% dividend.
That’s a huge shift for me.
But what is most surprising to me is how my opinion of annuities has changed.
The last year I worked in the brokerage business, I was with a bank that specialized in converting maturing certificates of deposit (CDs) to annuities. Essentially, when a person came in to renew a CD or …read more […]
(Bloomberg Opinion) — When the Federal Reserve first lowered interest rates in July and then a few weeks ago, it was hard not to think that perhaps the central bank was bowing to pressure from the White House. Although there were signs that the economy was slowing, there were few true red flags that suggested the wheels were falling off the cart. That all changed Tuesday with the release of the Institute for Supply Management’s manufacturing index, which fell to its lowest in 10 years, moving deeper into the zone that signals output is contracting. But that’s not all the …read more […]
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