Top Finance News provided by CBS Marketwatch©
- Weekend Investor: Predicting what happens next in stocks will get trickier this fall when markets navigate a roller coaster of big eventsBut rather than call it quits, investors may want to stay invested in stocks as the barrage of potentially market-moving events kick off, from China tariffs to Brexit to central bank meetings, which could yield more global interest rate cuts
- Upgrade: 5 foods to start eating now if you want to live a longer lifeWhat we eat and drink can impact our likelihood of dying from cancer and heart disease
- Making this simple change to your diet could help you live longer and reduce your risk of cardiovascular disease by 16%New research published in the Journal of the American Heart Association has some straightforward advice.
- Your Digital Self: SpaceX is staking its future on this one rocket as it prepares for MarsThe Big Falcon Rocket is the culmination of years of work. And SpaceX plans for its Starship to be a cornerstone of Mars colonization.
- Tax Guy: How to protect your savings if you or a family member requires long-term careThe average cost for a semi-private nursing home room in 2018 was $245 a day or $89,425 a year.
- Commodities Corner: Copper trades near a 2-year low, but ‘birth of an epic bull market’ draws nearCopper recently touched its lowest price level in more than two years but as supplies of the red metal tighten, analysts think commodities traders could overcome concerns about the economy, prompting prices for the industrial metal to move higher.
- Outside the Box: Asylum system shouldn’t be abused by those who come to America looking for a jobEconomic migrants must come through legal avenues and pursue proper documentation to work in the United States, not seek asylum.
- There’s been a surge in the number of young Americans opening credit cards — here’s why it may be smart to waitTaking on credit early can help you score a low interest rate, but there are reasons to tread cautiously for Generation Z, the cohort born after millennials.
- Commodities Corner: Why gold’s ‘strong undercurrent’ has some analysts eyeing $2,000 an ounceSome gold bulls are setting their sights on $2,000-an-ounce after the precious metal’s recent rally.
- In One Chart: The Walton family gets $100 million richer every single dayThe family behind Walmart tops the Bloomberg list of the world’s wealthiest families.
But rather than call it quits, investors may want to stay invested in stocks as the barrage of potentially market-moving events kick off, from China tariffs to Brexit to central bank meetings, which could yield more global interest rate cuts
What we eat and drink can impact our likelihood of dying from cancer and heart disease
New research published in the Journal of the American Heart Association has some straightforward advice.
The Big Falcon Rocket is the culmination of years of work. And SpaceX plans for its Starship to be a cornerstone of Mars colonization.
The average cost for a semi-private nursing home room in 2018 was $245 a day or $89,425 a year.
Copper recently touched its lowest price level in more than two years but as supplies of the red metal tighten, analysts think commodities traders could overcome concerns about the economy, prompting prices for the industrial metal to move higher.
Economic migrants must come through legal avenues and pursue proper documentation to work in the United States, not seek asylum.
Taking on credit early can help you score a low interest rate, but there are reasons to tread cautiously for Generation Z, the cohort born after millennials.
Some gold bulls are setting their sights on $2,000-an-ounce after the precious metal’s recent rally.
The family behind Walmart tops the Bloomberg list of the world’s wealthiest families.
Wall Street Journal Market News©
- SoftBank to Lend Founder and Employees Billions to Invest in FundSoftbank is leaning on its employees, including its chief executive, for cash as the firm rushes to raise an ambitious technology fund amid volatile markets.
- Today's Tech IPOs Offer Lower Growth for Top DollarInvestors who buy into today’s high-profile initial public offerings are getting a raw deal. Recent tech IPOs tend to be less profitable, slower-growing and more aggressively priced than their predecessors.
- Frugal Friends and How to Find ThemFriendship has always called for some maintenance costs. But in a world where birthday parties for milestones might cost hundreds of dollars and pre-wedding festivities often come with a price tag, those hoping to stay frugal can have a hard time.
- BlackRock Offers to Buy Cofense Stake from Russia-Linked FirmA rare showdown between a national-security panel tasked with overseeing foreign-investment in U.S. companies and a Russia-linked firm is nearing a potential resolution.
- After Yield-Curve Inversion, Tech Stocks Look PromisingTech stocks have a history of outperforming the broader market following a yield-curve inversion, but investors will still have to pick carefully.
- Shares of GE Light Up AgainShares of General Electric bounced back—but this could be just the beginning of another painful stretch for the industrial conglomerate’s stock.
- U.S. Stocks Rise but Notch Modest Weekly LossThe Dow Jones Industrial Average bounced back from Wednesday’s 800-point selloff with two consecutive sessions of gains and a modest weekly loss. But investors’ lingering fears about a potential recession remain unresolved.
- Investors Flock to Gold ETFsGold exchange-traded funds are regaining their luster. Investors poured about $2.6 billion into gold-backed ETFs in July, increasing their collective holdings to 2,600 tons—the highest total since March 2013, data from the World Gold Council show.
- Some Investors Are Betting the Flight to Bonds Is OverdoneA hearty pack of skeptical investors sees bond markets as overly pessimistic and is making bets against debt securities that are overbought—just in case yields rise in the months ahead as the market reassesses the economy.
- J.C. Penney, Viacom, General Electric: Stocks That Defined the WeekMajor U.S. stock indexes fell for the week on renewed concerns that the economy could be headed toward a recession, fueled by an inversion of the yield curve and other market signals flashing red.
- U.S. Government Bonds Decline as Investors Weigh Slowing GrowthU.S. government bond prices fell as investors eyed how policy makers around the world are approaching signs of slowing growth.
- Expected Volcker Rule Update a Win for Large BanksAn update of the Volcker rule expected next week will deliver a victory to large banks that have fought regulators’ efforts to clarify trading definitions, said people familiar with the matter.
- Regulators Approve Bitcoin Venture Backed by NYSE OwnerNew York state regulators approved a key license for Bakkt, a venture designed to make it easier for consumers to store bitcoins and pay for purchases in the cryptocurrency.
- Natural-Gas Prices Drop on Cooler-Weather ForecastsNatural-gas prices slid on Friday, while capping their biggest weekly gain in more than a month, as weather forecasts pointed to cooler temperatures ahead.
- Disney Claims Force Was Too Strong at Star Wars AttractionWalt Disney Co. blames itself for the disappointing attendance at its new Star Wars theme-park attraction, believing heavy promotion scared off would-be visitors who expected crowds. But higher prices surely didn’t help either.
- Instagram's Changes Could Leave Influencers HeartbrokenInstagram influencers are akin to huge businesses, but Facebook’s moves to decrease social pressure and improve users’ happiness threaten to upend social-media celebrities’ business models and could boomerang to hurt Facebook itself.
- Deere Is Coping, but Its U.S. Farm Customers Aren'tFor companies like Deere & Co., which reported results on Friday, the condition of some of its biggest customers is a concern.
- IRS to Cryptocurrency Owners: Come Clean, or Else!The Internal Revenue Service is on the war path against Americans who haven’t reported income from cryptocurrencies like bitcoin.
- Stocks to Watch: Nvidia, Applied Materials and RevlonNvidia, Applied Materials and Revlon are among Friday’s stocks to watch. Here’s why.
- China's Floundering Crackdown on Household DebtChinese state power may have found its limit in the effort to keep household debt in check.
Softbank is leaning on its employees, including its chief executive, for cash as the firm rushes to raise an ambitious technology fund amid volatile markets.
Investors who buy into today’s high-profile initial public offerings are getting a raw deal. Recent tech IPOs tend to be less profitable, slower-growing and more aggressively priced than their predecessors.
Friendship has always called for some maintenance costs. But in a world where birthday parties for milestones might cost hundreds of dollars and pre-wedding festivities often come with a price tag, those hoping to stay frugal can have a hard time.
A rare showdown between a national-security panel tasked with overseeing foreign-investment in U.S. companies and a Russia-linked firm is nearing a potential resolution.
Tech stocks have a history of outperforming the broader market following a yield-curve inversion, but investors will still have to pick carefully.
Shares of General Electric bounced back—but this could be just the beginning of another painful stretch for the industrial conglomerate’s stock.
The Dow Jones Industrial Average bounced back from Wednesday’s 800-point selloff with two consecutive sessions of gains and a modest weekly loss. But investors’ lingering fears about a potential recession remain unresolved.
Gold exchange-traded funds are regaining their luster. Investors poured about $2.6 billion into gold-backed ETFs in July, increasing their collective holdings to 2,600 tons—the highest total since March 2013, data from the World Gold Council show.
A hearty pack of skeptical investors sees bond markets as overly pessimistic and is making bets against debt securities that are overbought—just in case yields rise in the months ahead as the market reassesses the economy.
Major U.S. stock indexes fell for the week on renewed concerns that the economy could be headed toward a recession, fueled by an inversion of the yield curve and other market signals flashing red.
U.S. government bond prices fell as investors eyed how policy makers around the world are approaching signs of slowing growth.
An update of the Volcker rule expected next week will deliver a victory to large banks that have fought regulators’ efforts to clarify trading definitions, said people familiar with the matter.
New York state regulators approved a key license for Bakkt, a venture designed to make it easier for consumers to store bitcoins and pay for purchases in the cryptocurrency.
Natural-gas prices slid on Friday, while capping their biggest weekly gain in more than a month, as weather forecasts pointed to cooler temperatures ahead.
Walt Disney Co. blames itself for the disappointing attendance at its new Star Wars theme-park attraction, believing heavy promotion scared off would-be visitors who expected crowds. But higher prices surely didn’t help either.
Instagram influencers are akin to huge businesses, but Facebook’s moves to decrease social pressure and improve users’ happiness threaten to upend social-media celebrities’ business models and could boomerang to hurt Facebook itself.
For companies like Deere & Co., which reported results on Friday, the condition of some of its biggest customers is a concern.
The Internal Revenue Service is on the war path against Americans who haven’t reported income from cryptocurrencies like bitcoin.
Nvidia, Applied Materials and Revlon are among Friday’s stocks to watch. Here’s why.
Chinese state power may have found its limit in the effort to keep household debt in check.
Reuters©
- Argentina Treasury minister resigns, says 'significant renewal' needed amid economic crisisArgentina’s Treasury Minister Nicolas Dujovne has resigned, saying in a letter seen by Reuters on Saturday he believed the government needed “significant renewal” in its economic team amid a crisis which saw the peso plunge this week.
- Last orders: Rise of closing auctions stirs worries in European stock marketsThe final five minutes of trading have become the busiest time of day for stock market traders in Europe.
- Sainsbury's says not talking to internal candidates for CEO successionSainsbury's is not talking to internal candidates about succession plans to Chief Executive Officer Mike Coupe and he has the full support of company's shareholders and the board, a company spokesperson told Reuters late on Saturday.
- Exclusive: U.S. set to give Huawei another 90 days to buy from American suppliers - sourcesThe U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with the situation said.
- SoftBank plans to lend up to $20 billion to employees to invest in new fund: WSJJapan's SoftBank Group Corp is planning to lend up to $20 billion to its employees, including Chief Executive Masayoshi Son, to buy stakes in its second Vision Fund, the Wall Street Journal reported https://on.wsj.com/307Ljih on Saturday, citing people familiar with the matter.
- Standard Chartered faces fine for sanctions breaches: Sky NewsBanking group Standard Chartered is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday.
- Alibaba and the $15 billion question: Amid Hong Kong's protests, when to list?Hong Kong's political unrest is posing a dilemma for Alibaba Group Holding Ltd on the timing of its planned $15 billion listing in the city, with sources saying China's biggest e-commerce company is now considering several timetables.
- Court leaves PG&E with sole right to submit bankruptcy planA federal judge on Friday allowed PG&E Corp to retain the sole rights to propose a plan to exit bankruptcy, as he rejected efforts by investors to put forward competing plans, according to court documents.
- PES up against the clock to sell Philadelphia refinery in cash crunchFinding a buyer for Philadelphia Energy Solutions' oil refinery has grown urgent as the bankrupt company's funds dwindle and no signs emerge that it is winning a fight for insurance payouts after a June blaze at the plant, according to court documents and bankruptcy experts.
- Amazon.com defeats IRS appeal in U.S. tax disputeAmazon.com Inc on Friday defeated an appeal by the U.S. Internal Revenue Service in what the online retailer has called a $1.5 billion dispute over its tax treatment of transactions with a Luxembourg subsidiary.
- U.S. judge urges VW, SEC to resolve civil Dieselgate suitA federal judge in California on Friday urged the U.S. Securities and Exchange Commission and Volkswagen AG to resolve a civil suit stemming from its Dieselgate emissions scandal.
- Airbnb records 30% growth rate in first-quarter on booking strength: sourceAirbnb Inc recorded $9.4 billion in total booking value in the first quarter, up 31% from the year-ago quarter, a source familiar with the matter said on Friday, a key number that could help pull in investors as the home-sharing company plans its foray into the public market.
- Trump says he is having dinner Friday with Apple CEO CookU.S. President Donald Trump said he was having dinner on Friday with Chief Executive Officer Tim Cook of Apple Inc, a company the president has criticized for not manufacturing more of its products in the United States.
- Take Five: Fed in a holeOn Wednesday, the U.S. Federal Reserve releases the minutes of its last meeting, revealing what policymakers said about the flattening Treasury yield curve and the strength of support for July's quarter-point rate cut.
- U.S. removes some Chinese furniture, modems from planned 10% tariffsThe Trump administration is sparing some Chinese-made household furniture, baby items and internet modems and routers from its next rounds of 10% tariffs, it said on Friday.
- Wall Street Week Ahead: Lower rates could boost housing stocks, but risks remainLower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook.
- EQM stops some work on WV-VA Mountain Valley natgas pipeEQM Midstream Partners LP told U.S. federal regulators the company would stop some work on its long-delayed Mountain Valley natural gas pipeline from West Virginia to Virginia as the U.S. Fish and Wildlife Service reviews a couple of permits.
- Wall Street ends sharply higher on German stimulus optimismU.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week.
- Dollar firms, global stocks soar on ECB rate cut expectationsU.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest rates but the dollar pared gains against the euro after a report said the German government was prepared to take on new debt to lift the economy.
- Canada awards multi-billion contract to General Dynamics as election loomsCanada on Friday announced a multi-billion dollar contract with General Dynamics Corp for equipment that will be manufactured in a region where the ruling Liberals need to do well in an October election.
Argentina’s Treasury Minister Nicolas Dujovne has resigned, saying in a letter seen by Reuters on Saturday he believed the government needed “significant renewal” in its economic team amid a crisis which saw the peso plunge this week.
The final five minutes of trading have become the busiest time of day for stock market traders in Europe.
Sainsbury's is not talking to internal candidates about succession plans to Chief Executive Officer Mike Coupe and he has the full support of company's shareholders and the board, a company spokesperson told Reuters late on Saturday.
The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with the situation said.
Japan's SoftBank Group Corp is planning to lend up to $20 billion to its employees, including Chief Executive Masayoshi Son, to buy stakes in its second Vision Fund, the Wall Street Journal reported https://on.wsj.com/307Ljih on Saturday, citing people familiar with the matter.
Banking group Standard Chartered is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday.
Hong Kong's political unrest is posing a dilemma for Alibaba Group Holding Ltd on the timing of its planned $15 billion listing in the city, with sources saying China's biggest e-commerce company is now considering several timetables.
A federal judge on Friday allowed PG&E Corp to retain the sole rights to propose a plan to exit bankruptcy, as he rejected efforts by investors to put forward competing plans, according to court documents.
Finding a buyer for Philadelphia Energy Solutions' oil refinery has grown urgent as the bankrupt company's funds dwindle and no signs emerge that it is winning a fight for insurance payouts after a June blaze at the plant, according to court documents and bankruptcy experts.
Amazon.com Inc on Friday defeated an appeal by the U.S. Internal Revenue Service in what the online retailer has called a $1.5 billion dispute over its tax treatment of transactions with a Luxembourg subsidiary.
A federal judge in California on Friday urged the U.S. Securities and Exchange Commission and Volkswagen AG to resolve a civil suit stemming from its Dieselgate emissions scandal.
Airbnb Inc recorded $9.4 billion in total booking value in the first quarter, up 31% from the year-ago quarter, a source familiar with the matter said on Friday, a key number that could help pull in investors as the home-sharing company plans its foray into the public market.
U.S. President Donald Trump said he was having dinner on Friday with Chief Executive Officer Tim Cook of Apple Inc, a company the president has criticized for not manufacturing more of its products in the United States.
On Wednesday, the U.S. Federal Reserve releases the minutes of its last meeting, revealing what policymakers said about the flattening Treasury yield curve and the strength of support for July's quarter-point rate cut.
The Trump administration is sparing some Chinese-made household furniture, baby items and internet modems and routers from its next rounds of 10% tariffs, it said on Friday.
Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook.
EQM Midstream Partners LP told U.S. federal regulators the company would stop some work on its long-delayed Mountain Valley natural gas pipeline from West Virginia to Virginia as the U.S. Fish and Wildlife Service reviews a couple of permits.
U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week.
U.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest rates but the dollar pared gains against the euro after a report said the German government was prepared to take on new debt to lift the economy.
Canada on Friday announced a multi-billion dollar contract with General Dynamics Corp for equipment that will be manufactured in a region where the ruling Liberals need to do well in an October election.
Investors Business Daily©
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