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Archive Monthly Archives: October 2018

Oversold Market, Possible

A few short weeks ago the Dow industrials were on the verge of busting through another psychological milestone at 27,000.However, all that momentum has evaporated as a sweeping downturn grips financial markets, sending the Dow Jones Industrial Average tumbling more than 600 points on Wednesday and pushing the Nasdaq Composite Index into correction territory for the […]

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Allusive Trade War Armistice

China is considering a tax cut to revive its flagging automotive market, according to people familiar with the matter, lending support to a key industry that’s been damaged by an ongoing trade war with the U.S.Carmaker shares surged after Bloomberg News reported the proposal, which would stimulate a market they’ve increasingly relied on for growth. […]

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IBM Tips Cap With Huge Acquisition

IBM has struck a deal to acquire the cloud software company Red Hat for $34 billion.IBM will pay $190 a share for the software company, which it described as the world’s leading provider of open-source cloud software, a premium of more than 60% from Red Hat’s closing stock price of $116.68 on Friday. Shares traded […]

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Snapchat User Clapback

Snapchat continued to shrink in Q3 2018 but its business is steadily improving. Snapchat’s daily active user count dropped again, this time by 1 percent to 186 million, down from 188M and a negative 1.5 percent growth rate in Q2. User count is still up 5 percent year-over-year, though. Snapchat earned $298 million in revenue […]

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Where Have All the Cowboys Gone

​There is more pain in the pain trade ahead.That is according to Michael Wilson, Morgan Stanley’s chief U.S. equity strategist, who said, during an interview on CNBC midday Thursday, that a then-current market rebound belied a market that is badly damaged and ready to sink further.Wilson describes current conditions as a “rolling bear market,” which […]

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China Whimpering Mercy

China has more to lose in the Trade War game, and, therefore, it will have no choice but to concede to Washington’s demands. But it must lose the trade war gracefully, as was the case with the US-Japan trade war back in the 1980s.“When China entered the war, the question became ‘who will lose more’,” […]

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Don’t Blink, You Might Miss

If you’re an investor who was lulled to sleep by the stock market’s calm, steady gains this summer, you’re wide awake by now.Stocks have swooned over the last three weeks as investors worried about a sea of troubles, including rising interest rates, the trade tensions between the U.S. and China and slowing economies outside the […]

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Fight Fire With Fire

Juul Labs has increased its spending on lobbying efforts by 167 percent in the third quarter from the previous quarter as the Food and Drug Administration and Congress continue to scrutinize the leading e-cigarette manufacturer over the popularity of its product with teenagers.The company spent $560,000 on lobbying from July to the end of September, […]

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Speculative Whack-a-Mole

The ongoing trade spat between the U.S. and China is the biggest threat to the market right now, not the Federal Reserve’s monetary policy, strategist Art Hogan said Wednesday night.”I’m much more concerned about China and what that means in the long run than I am about what Fed Chairman Jay Powell’s doing with monetary […]

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Dead Cat Bounce, or Return to Market Heights

U.S. stock benchmarks rebounded Thursday morning, after a wave of late-session selling wiped out all the gains for the Dow and S&P 500 and put the Nasdaq into correction territory for the first time in two years.Wall Street has been combating a litany of fears that has deeply unsettled the market, including worries about a […]

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