17Apr2019 Market Close: Wall Street Closed Mostly Down, DOW Closed Down 3 Points, SP 500 Down 0.2%, WTI Settling In The 63 Handle

Wall Street slips with healthcare shares

U.S. stocks ended slightly lower on Wednesday as a drop in healthcare shares overshadowed a string of positive corporate earnings and upbeat economic data from the United States and China.

U.S. chipmakers’ shares rally despite demand uncertainty

As Qualcomm’s major victory against Apple sent semiconductor stocks to record highs on Wednesday, the sector’s strong recent rally may be at odds with uncertainty about an ongoing downturn in global demand.

Exclusive: Spain’s Repsol suspends swap deal for Venezuelan oil under U.S. pressure

Spain’s Repsol has suspended its swaps of refined products for crude with Venezuela’s state-run oil company PDVSA, people familiar with the matter said, as U.S. officials weigh penalties for foreign firms doing business with Venezuela.

Canada transport minister wants simulator training for 737 MAX fix

Canada called on Wednesday for pilots to receive simulator training for new Boeing 737 MAX software, rather than computer courses, going a step beyond proposals by U.S. regulators and opening the door to disagreement over measures to end a global grounding of the jets after two fatal crashes.

United sees Boeing’s 737 MAX flying this summer, deliveries before year-end

United Airlines expects Boeing Co’s grounded 737 MAX jets to return to service this summer, with deliveries resuming before the end of the year, an executive said on Wednesday, reassuring investors concerned about a prolonged suspension.

Oil settles lower as U.S. inventories disappoint market

Crude prices declined slightly on Wednesday as U.S. government data showed inventories drew down less than an industry report had suggested on Tuesday.

GM says Cadillac brand points to strong growth in China

General Motors’ luxury Cadillac brand is enjoying strong growth in China, the No.1 U.S. automaker said at a conference on Wednesday in New York.

Uber nears investment deal for self-driving car unit: WSJ

Uber Technologies Inc is nearing a deal with a group, including SoftBank Group Corp, to invest in its self-driving car unit to be valued at $7.25 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

Ford forecasts $1 billion profit improvement from Michigan truck plant

Ford Motor Co’s shift in production at a Michigan plant to trucks from less profitable cars will lead to a more than $1 billion improvement in operating earnings, an official at the No. 2 U.S. automaker said on Wednesday.

Florida Prosecutors Plan To Release Kraft Rub-And-Tug Video

Florida prosecutors have indicated that they plan to release police surveillance videos of New England Patriots owner Robert Kraft, who was busted in February along with 24 other men for allegedly receiving sexual favors at the Orchids of Asia Day Spa in Jupiter, FL.

Nasdaq 100 Hits Record High As Semis Soar; Healthcare & Small Caps Hammered

Positive (well managed) data from China overnight was met with a yawn by equity investors…

Huawei CEO Compares 5G To “Nuclear Bomb”, Warns US Against Tech Cold War

Huawei CEO Ren Zhengfei has lashed out at the United States and specifically President Trump in interviews with Germany’s Wirtschaftswoche and Handelsblatt newspapers at a key moment that Germany is mulling whether to allow the Chinese company’s ultra-high speed 5G internet technology under a proposed “no spy agreement”.

Zhengfei likened Trump’s recent remarks delineating 5G as a threat that requires to US to stay “guarded from the enemy, and we do have enemies out there” as full of exaggerated fears akin to a “nuclear bomb”. Zhengfei said in an interview that “Unfortunately, the US sees 5G technology as a strategic weapon,” and added, “For them it is a kind of nuclear bomb.”

What Does Your Toilet Paper Have To Do With Inflation?

Submitted by Bill Rice, Jr., freelance writer in Troy, Alabama. He can be reached at [email protected].

When considering the topic of inflation—arguably the most important measure of our economy—what information gives us the truest picture of reality? The minutes from the most recent Federal Reserve Board meeting? The government’s latest Consumer Price Index (CPI) number? Or that roll of toilet paper down the hall in the bathroom, the one that’s now too narrow to fit on your old toilet paper holder?

Market Extra: Why stock-market volumes are the lowest in months as the Dow, S&P 500 and Nasdaq test records

A recent resurgence for stocks after a more than six-month corrective hiatus has many market participants questioning its durability, with trading volumes holding near the lowest levels of 2019.

Kraninger’s CFPB will focus more on consumer education

Consumer Financial Protection Bureau was founded after the 2008 financial crisis to level the playing field between the financial services industry and ordinary Americans.

The Tell: Two-thirds of American CFOs predict a recession by the summer of 2020, survey finds

American CFOs fear a recession by the third quarter of next year, according to the latest Duke CFO Global Business Outlook Survey