Category Archives for News

Here are the biggest risks to the financial markets in 2020

Stocks may be at record highs as the year winds down, but Wall Street has already started issuing warnings about a host of threats to the markets in 2020.Deutsche Bank’s chief economist, Torsten Slok, sent out a list to clients on Friday of 20 risks to the economy and markets next year. CNBC was granted […]

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Get ready for another Santa Claus rally: Fundstrat’s Tom Lee

stock performance

December is typically a great month for the stock market — it had never been the worst month for stock performance in a year until 2018, when the S&P 500 tumbled more than 9% in December. But even during that period, the stock market benefited from the so-called Santa Claus rally that has typically powered gains […]

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Rates surge with the 10-year Treasury yield jumping the most since Trump’s election

 A steady climb in yields intensified Thursday afternoon with the yield on the benchmark 10-year Treasury note jumping the most since President Donald Trump’s election. The move coincided with a risk-on move by investors out of bonds and into stocks with the S&P 500 jumping to a new record on Thursday. The 10-year yield jumped 15 […]

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Dow, S&P 500 and Nasdaq hit record levels after report China, U.S. agree to cancel tariffs in stages

tariffs

U.S. stocks traded higher Thursday, with all three major benchmarks touching new records, after reports that Beijing and Washington may cancel planned import tariffs in stages. The benchmark Russell 2000 index of smaller, domestically-focused companies, which had been more reluctant to join the recent market rally, also was edging higher.How are major benchmarks performing?The Dow Jones […]

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Market teeters on Trump, Xi meeting location, hoping a logistics snag is not sign of bigger issue

trade deal

Ever since President Donald Trump said he and President Xi Jinping would meet to sign a trade deal, Wall Street has been hanging on every speculative word about where and when that signing might take place. So it was not surprising when stocks sold off Wednesday morning on a Reuters headline that quoted Trump administration sources […]

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SoftBank Groups’ Shares Drop After Reporting $6.5B Quarterly Loss

warning signal

Softbank Group Corp. (T:9984) reported a whopping 704.4 billion yen ($6.5 billion) operating loss in the three months ended September 30, its first quarterly loss in 14 years. SoftBank’s signature Vision Fund, the world’s single largest pool of startup investments, reported a 970.3 billion yen loss in the quarter. Writedowns in WeWork and Uber Technologies were cited […]

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Xerox mulls bold $27 billion takeover of HP

Xerox Holdings Corp. has set its sights on a takeover of personal-computer and printer maker HP Inc., an audacious move that would unite two fading stars of technology. Xerox XRX, +4.90%   is considering making a cash-and-stock offer for HP HPQ, +2.22%  , which has a market value of about $27 billion, according to people familiar with the matter. […]

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Interest rates suddenly entered a new phase and they are moving higher thanks to possible trade deal

interest rates

As a possible trade deal gets closer, investors are less fearful of a recession and interest rates are in a new trend higher. Bond yields have moved dramatically back and forth since last week’s Fed meeting, but they have moved higher most recently on reports that the U.S. and China are close to a phase one […]

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China presses Trump to remove more tariffs in ‘phase one’ trade deal

tariffs

China is pushing U.S. President Donald Trump to remove more tariffs imposed in September as part of a “phase one” U.S.-China trade deal, people familiar with the negotiations said on Monday. The deal, which may be signed later this month by Trump and Chinese President Xi Jinping at a yet-to-be determined location, is widely expected to […]

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Adobe Stock Is Rising on Better-Than-Expected Guidance

forecast earnings

Adobe shares were rising after hours Monday after the company forecast earnings for its next fiscal year above expectations. The company provided guidance for its fiscal 2020 of $13.15 billion in sales and $9.75 of adjusted earnings per share, compared with the Wall Street average analyst estimates of $13.14 billion and $9.70, respectively. “Our strategy to unleash […]

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