Written by Gary
US stocks surge after China hints it won’t retaliate for now in trade war (SPY +1.3%). Major indexes stop rising at a major resistance. Tomorrow is a make or break for Wall Street.
The Market in Perspective
Here are the headlines moving the markets. | |
U.S. yields climb on trade optimism, weak auctionU.S. Treasury yields rose on Thursday with 30-year yields climbing from record lows, as hopes on U.S.-China trade talks and a dismal seven-year note auction cooled the recent torrid rally in the bond market. | |
FTC probes marketing practices of e-cigarette maker Juul: sourceThe Federal Trade Commission is investigating the marketing practices of e-cigarette maker Juul Labs Inc sending shares of tobacco stocks down, a person briefed on the matter said Thursday. | |
As U.S. Treasuries sizzle, some bond investors brace for possible sell-offWhile there seems to be no end on the horizon to this year’s dramatic rally in U.S. Treasuries that has collapsed yields more than a full percentage point, conditions are ripening for a reversal that could disrupt the market. | |
Apple likely to unveil latest iPhone on September 10Apple Inc will host an event on Sept. 10 at the Steve Jobs Theater in the company’s Cupertino, California campus, where it is widely expected to unveil new iPhone models. | |
Shares rally, bond yields rise as China fuels trade deal hopesU.S. and European shares advanced on Thursday as China struck a hopeful tone on trade relations with the United States and as Italy appeared close to forming a new government and resolving its political crisis. | |
Argentine bond prices fall, country risk soars on debt ‘reprofiling’ planArgentine bond prices fell on Thursday and country risk soared to levels not seen since 2005 after the government announced plans to extend maturities on about $100 billion in debt, raising fear of a full-blown financial crisis. | |
Huawei under probe by U.S. prosecutors over new allegations: WSJU.S. prosecutors are investigating new instances of alleged technology theft by Chinese telecommunication equipment maker Huawei Technologies Co Ltd, the Wall Street Journal reported on Thursday, citing people familiar with the matter. | |
China trade comments lift Wall Street as tech, industrials leadWall Street’s main indexes rallied on Thursday, led by the trade-sensitive technology and industrial sectors, as China sounded hopeful on trade negotiations with the United States, easing concerns that more combative stances could stoke a recession. | |
Avianca to pack more seats into planes as part of recovery plan, executive saysLatin American airline Avianca will look to increase the number of passengers it can fit into a plane without enlarging its fleet as part of its efforts to overcome ongoing financial problems, its chief executive said on Thursday. | |
Stocks Erase Trump-Trade-Tantrum Dump As Dollar Soars To New Record HighA Fed hint here, a Trump tweet there, and a well-timed China headline is all you need to bypass fun-durr-mentals and send stock-buying-algos into a frenzy on a low-liquidity week…”Never gonna let you down!!” Another sideways day for Chinese stocks unable to bounce back from early weakness (closed before the China trade headlines sparked a buying panic)… … | |
Trump Mulls Pulling $250M In Ukraine Aid As Giuliani Renews Push For Biden InvestigationCould President Trump be poised to dramatically draw back the heavy US military and foreign aid investment in Ukraine that his administration inherited from the Obama White House? Since the US-backed coup against Russia-friendly Viktor Yanukovich on the back of the Euromaidan protests in 2014, Washington has given Ukraine over $1 billion in security assistance to bolster its national armed forces as they clash with pro-Russian separatists in the country’s east. And now CNN reports a possible drastic reversal: President Trump has “seriously considered for the past several weeks cutting $250 million the United States is providing in military assistance to Ukraine.” The original Politico report which broke the news said the White House has already notified Congress and multiple US agencies of its intent to cut the aid. | |
3 Key Indicators Suggest Bitcoin Price Is Ready For A Massive MoveAuthored by Horus Hughes via CoinTelegraph.com, Bitcoin price has been everywhere and nowhere lately. As price consolidates analysts are concurrently screaming bull and bear. The noise is leading to confusion for the average investor who is finding it difficult to separate it from the signal. | |
“Look At The Ass On Her!”: New Biography Exposes Michael Bloomberg’s History Of Sexist Comments, Dirty JokesShocking new claims about Michael Bloomberg’s treatment of women have surfaced in a new upcoming book, “The Many Lives of Michael Bloomberg: Innovation, Money and Politics”, that is set to be released on September 10, according to the Daily Mail. The 77 year old, who is worth upwards of $55 billion, was once accused of telling a female employee to “kill it” after she revealed she was pregnant. He reportedly also said he would “do her” about a woman while in a deposition and was accused by another woman of calling women “meat”.Â
In fact, the book claims that Bloomberg’s sexist jokes and sayings were so ubiquitous around the office that a “joke compendium” of them was passed around by his employees. Called “Borscht Belt Standbys”, his jokes were often dismissed as blunders by his aides. | |
The data that shows Indian banks learnt no lesson from PNB scamThe data that shows Indian banks learnt no lesson from PNB scamIndian banking system detected Rs 71,500 crore worth of frauds in financial year 2018-19, the RBI report said. | |
Jio is not done killing its rivals yetJio is not done killing its rivals yetReliance Jio is likely to command 45 percent of the market by March 2022, says a report. | |
Will Modi’s FDI tweak deliver the mega bucks?Will Modi’s FDI tweak deliver the mega bucks?With a global slowdown anticipated in coming months, these steps may reinforce the confidence in investors. | |
Green Sheet: Number of young Republicans concerned about environment jumps in last five yearsDispatches from the business of climate change. | |
When LeBron James chose Nike in 2003, he gave up $28 million ” it could end up making him $1 billionA look at the 4 best financial decisions LeBron James has made. | |
Market Extra: Hurricane Dorian puts around $800 million of Caribbean property debt in crosshairsCaribbean islands get a pass from the brunt of storm, but Hurricane Dorian is gathering strength and threatens to reach Florida over the Labor Day weekend as a powerful Category 4 storm. |
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