Jin Lee | Bloomberg | Getty Images Wall Street suffered from whiplash throughout August as trade headlines and recession angst sent stocks on a wild ride during the last full month of summer. The S&P 500 posted 11 moves of more than 1% in 22 trading sessions for August. Those moves included three declines of
Month: August 2019
There are 6 routines that highly successful investors engage in regularly and that differentiate themselves allowing them to act in a totally different way from the average investor. As a matter of fact the “winner” uses information that the average one does not consider in making his/her financial choices. It is not only the behavior
Stock market investors may be glad to see August go, but September might not be any better, unless there are some positive developments in the trade war. Markets enter September, anticipating a Federal Reserve rate cut mid-month and worrying the chilling in the global economy will reach the U.S. There appears to be no progress
Crypto-jacking campaigns increased substantially in the first quarter of 2019 according to a McAfee Labs Threats Report published yesterday. The prevalence of ransomware attacks climbed a massive 118% during Q1, while malware attacks increased by 29% in the same period. The report also states that the attacks were indiscriminate, meaning that both Windows and Apple
Portrait of an amazed young girl with shopping bags in trendy store Getty Retail is dying! The retail apocalypse is here! Retailpocalypse this! Retailpocalypse that! Retailpocalypse!!!! I’ve got to admit that, sometimes, the media sources and newscasters talking about retail remind me of street-corner preachers. Not the nice individuals who politely try to engage people
Homeownership eludes millions of millennials. There is a whole host of reasons, including personal preferences and economic disadvantages, that explain why the homeownership rate for the largest generation in U.S. history is lower than that of their parents and grandparents. “In my generation — I’m a baby boomer — you bought a home as quickly
For a normally dead holiday-shortened week, there sure is a lot of municipal supply on tap. Muni market participants will see a hefty bond slate complemented by a $1 billion note sale in the competitive sector. Primary marketIHS Markit Ipreo forecasts weekly bond volume will rise to $7.6 billion from a revised total of $6.8
ETF Overview The iShares MSCI Taiwan Capped ETF (EWT) owns a portfolio of stocks that trades in Taiwan’s stock markets. The ETF basically tracks the performance of the MSCI Taiwan Index. Stocks in EWT’s portfolio may benefit from escalating trade tensions between the U.S. and China as Taiwan is one of the beneficiaries of the
Aaron M. Sprecher | Bloomberg | Getty Images Cash is still not the answer, despite looming economic uncertainty, according to UBS. “We believe that investors can keep their investment strategies on track for the long term even in the current uncertain times without retreating to cash,” UBS global chief investment strategist Mark Haefele said in
Check out the companies making headlines before the bell: Campbell Soup – Campbell Soup reported adjusted quarterly profit of 49 cents per share, 8 cents above estimates, with organic sales up 2%. Revenue did come in below Wall Street forecasts, but Campbell said it has built a solid foundation on which to improve its results
Telegram will release the code required to run a Telegram Open Network (TON) node on September 1, according to individuals close to the project. The news was confirmed by two individuals familiar with the project, an investor and an affiliate with TON labs. There has been a high level of secrecy around the project, and
“Help to Buy will finally end in 2023. It’s good news, of course, but in some respects, it’s still not soon enough.” 123rf.com A measure first introduced by then Chancellor of the Exchequer George Osborne in 2013, the government’s Help to Buy scheme emerged in the midst of a developing housing crisis. Home ownership was
Source: SmartAsset Retiring early can take some careful financial planning, especially in a era when many Americans have to keep working not only past 65 but well into their 70s just to make ends meet. Where you decide to settle down to ease into your golden years is a huge factor in just how far
An Illinois judge Thursday ruled that a lawsuit seeking to block repayment of $14.3 billion of state general obligation bonds can’t move forward as a taxpayer action lawsuit. “The court finds reasonable grounds do not exist for filing the proposed complaint,” said the order denying John Tillman’s “petition for leave to file a taxpayer action
(Source – Pexels/Francesco Ungaro) Once again, Italian politics is making headlines and has shifted around European financial markets. To review the current (messy) state of affairs, the country has essentially three parties that all exhibit a similar level of control over the Italian government. The center-right coalition (42% of seats), the center-left coalition (20% of
Basketball legend-turned-business mogul Shaquille O’Neal told CNBC on Wednesday about the worst investment he ever made. O’Neal mentioned an unnamed paper company that allegedly promised him fraudulent deals. A guy who owned this paper company said he had all these deals in all the schools and with the government. … Turned out to be a
Here’s the good news on earnings: Despite much hand-wringing around tariffs and the global economic outlook, overall earnings for the S&P 500 in 2019 remain “flattish,” meaning they are likely to be little changed from 2018’s record pace. The bad news: Investors remain on edge because confidence in the estimates are not high. “The wild
Check out the companies making headlines before the bell: Best Buy – The electronics retailer reported adjusted quarterly profit of $1.08 per share, 9 cents above estimates, and the company also raised its full-year earnings forecast. However, revenue and comparable store sales did fall below estimates for the most recent quarter. Abercrombie & Fitch –
Ripple’s CEO, Brad Garlinghouse, has taken to Twitter in an attempt to clarify Ripple’s decision to sell XRP. Investments in the token have been dwindling, as many feel Ripple’s decision to continue selling its XRP is driving the price of the token down. Garlinghouse has previously explained that funds from the selling of XRP are funneled back
Bitcoin’s price slid more than $600 in 30 minutes, falling back below $10,000 on Wednesday. Beginning at 17:50 UTC and lasting until 18:20 UTC, BTC witnessed a large pullback from $10,200 to $9,600, followed by a small bounce near $9,740, providing temporary support. Bitcoin opened the day at just under $10,200. Over the trading day,
Homebuyers are largely confused about real estate agent commissions. Redfin has updated its listing to change all that. Getty A new survey shows that nearly 40% of recent homebuyers don’t understand how their real estate agent was paid. Another 13%? They have “no idea” how much their agent was paid or even where the money
Daniel Acker | Bloomberg | Getty Images Pending home sales fell 2.5% in July month-to-month and were 0.3% lower compared with July 2018, according to the National Association of Realtors. Pending sales are signed contracts to buy existing homes, so it is a future indicator of closed sales for August and September. This weaker-than-expected result
Bitcoin (BTC) price slides more than $600 in just 30 minutes on Wednesday to fall below $10,000 USD for the first time in over a month. The Catalyst Remains Unknown Bitcoin, which is up almost 200% this year, dropped more than 5% from just under $10,200 US to around $9,600 between 17:50 UTC and 18:20
One hundred Turkish Lira banknotes (TRY) showing the face of Turkey’s founder Mustafa Kemal Ataturk. The lira has been a volatile currency in emerging markets due to a tense political and economic climate inside and outside Turkey. Photo taken 25 April 2018. (Photo by Diego Cupolo/NurPhoto via Getty Images) The emerging market asset class is
And the volume kept on coming in the primary Wednesday. Municipal issuers from Delaware, Texas and South Carolina sold deals to supply-starved buyers who snapped up the paper while recently issued bonds from Massachusetts were actively traded in the secondary. Yields on MMD’s AAA muni GO scale fell to record lows, dropping past the previous
Intro Dr. Michael Hasenstab (see bio here) began working at Franklin Templeton Funds in California in 1995. Aside from taking time off to earn his PhD, he has spent his whole career with the fund family. He manages several funds, including the Templeton Global Bond Fund (TGBAX), Templeton Income Fund (GIM) and Templeton Emerging Income
A JetBlue plane Tom Williams | CQ-Roll Call Group | Getty Images Here are the biggest calls on Wall Street on Wednesday: Deutsche Bank named JetBlue as a ‘catalyst call’ short-term investment idea Deutsche said investors should buy the airline’s stock and that it had a “good” balance sheet and “solid” market position among other
The controversy over China trade is spilling over into a formerly quiet area of the stock market — the business of investing in the global markets. Volume at the NYSE saw a modest spike going into the close because MSCI, one of the largest index providers in the world, rebalanced most of its global indices.
A shopper carries a Tiffany & Co. retail bag on Fifth Avenue in New York, May 30, 2019. Victor J. Blue | Bloomberg | Getty Images Check out the companies making headlines before the bell: Tiffany – Tiffany earned $1.12 per share for its latest quarter, beating estimates by 8 cents. Revenue and comparable stores were
Crypto bull runs often result in developments that often seem a bit farfetched, but at the end of the day, almost everyone wants to cash in on the phenomenon. It happened in 2017, and it is happening once against in 2019 as Bitcoin led the massive crypto surge in the first half of the year.
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