Business News
Apple and Merck drive Wall Street higher as trade worries abate
U.S. stocks rose on Monday, helped by surges in Apple and Merck & Co as investors set aside worries about the U.S.-China trade war.
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Business News
WeWork throws in the towel on its ill-fated IPO
WeWork’s parent The We Company said on Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup ousted founder Adam Neumann as its chief executive officer.
Business News
Oil drops 2% on Chinese data, Saudi output recovery
Oil fell nearly 2% on Monday as China’s economic outlook remained weak amid an ongoing trade war with the United States and market fears of supply shortfalls and conflicts in the Middle East after the Sept. 14 attack on Saudi Arabia faded.
Business News
Stocks inch higher as investors downplay escalating trade war
A rise in U.S. technology stocks and better-than-expected economic data in China pushed global equity markets higher Monday, despite reports that Washington was considering escalating its trade war with China by delisting Chinese companies from U.S. exchanges.
Business News
Global stocks stalled in third-quarter as bonds boom and dollar zooms
It has been a pivotal few months for financial markets. China and Europe have halted the global stocks rally, oil has cooled dramatically and rising recession worries have sent gold and government bonds charging again.
Business News
Apple-led tech rally drives Wall Street higher
U.S. stocks were higher on Monday after the technology sector surged on the back of gains in Apple shares, helping Wall Street’s major indexes recoup most of their losses from the previous session.
Trading Ideas
SAFE Banking Act of 2019 Passes House
It was a landmark week for U.S. cannabis!
Back in March, the Secure and Fair Enforcement (SAFE) Banking Act made history by passing the House Financial Services Committee. It was the first cannabis reform legislation to ever do so!
And, as I wrote last week, House Majority Leader Steny Hoyer (D-Md.) told legislators to prepare for a floor vote on the cannabis banking reform bill. That made it the first piece of marijuana reform legislation to earn that distinction.
More importantly, though, the SAFE Banking Act got the two-thirds majority it needed to pass in the House!
There were 321 “ayes” to a mere …read more […]
Business News
Factbox: Major U.S. retail bankruptcies since 2017
Forever 21 Inc on Sunday became the latest U.S. retailer to file for bankruptcy, succumbing to the twin challenges of changing consumer tastes and a relentless shift to online shopping.
Business News
Saudi Aramco restored full oil capacity to pre-attack level: trading unit chief
Saudi Aramco has restored full oil capacity to the level before the Sept. 14 attacks on its oil facilities, the chief executive officer of its trading arm Ibrahim Al-Buainain said on Monday.
Business News
Forever 21 closing stores in bankruptcy filing shows limits to fast fashion
Fast-fashion retailer Forever 21 filed for bankruptcy late on Sunday, joining a growing list of brick-and-mortar companies that have seen sales hit by the rise of competition from online sellers like Amazon.com Inc and the changing fashion trends dictated by millennial shoppers.
Business News
Wall Street rises as Apple leads rally in technology shares
Gains in technology stocks led by Apple lifted Wall Street’s main indexes on Monday, as investors looked past last week’s reports that Washington was considering delisting Chinese companies from U.S. stock exchanges.
Business News
WeWork throws in the towel on ill-fated IPO
WeWork’s parent The We Company said on Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup removed founder Adam Neumann as its chief executive officer.
Business News
PayPal to enter China market through local acquisition
U.S. digital money transfer platform PayPal Holdings Inc has obtained Beijing’s approval to buy a controlling stake in a domestic payments firm, which would make PayPal the first foreign firm to enter China’s payment services market.
Trading Ideas
Stock Market Fear… and How to Get Over It
Many people shy away from investing because they don’t understand how the stock market works and are afraid of its volatility.
Today, Alexander Green shares why owning stocks is the single best way to build wealth and how asset allocation reduces your risk – and fears.
Over the last few columns, I’ve discussed the many advantages of equity ownership.
Not only are stocks easy to buy and inexpensive to trade, but no other asset class – not cash, bonds, real estate or gold – has generated long-term returns that come close.
So why do fewer Americans own stocks now than before the Great Recession?
One …read more […]
Business News
WeWork says will file to withdraw IPO
WeWork’s parent The We Company said on Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed firm removed founder Adam Neumann as its chief executive officer.