05Sep2019 Market Close: Wall Street Climbed Higher After The Opening Trading Mostly Sideways, DOW Closed Up 373 Points, Nasdaq Closes Up 1.8%, Strength Showing In The Cyclical Sector

Walgreens, CVS, Wegmans ask shoppers to not openly carry firearms

Walgreens Boots Alliance Inc , CVS Health Corp and supermarket chain Wegmans Food Markets Inc said on Thursday they would start asking customers to not openly carry firearms in their stores, joining Walmart Inc and Kroger Co , in a change of gun policy following several deadly mass shootings in the United States.

Facebook launches dating service in United States

Facebook Inc is launching its dating services in the United States, the social network said on Thursday, sending its shares up 2%.

U.S., China agree to resume trade talks, markets jump

China and the United States on Thursday agreed to hold high-level talks in early October in Washington, cheering investors hoping for a trade war thaw as new U.S. tariffs on Chinese consumer goods chip away at global growth.

Slack shares recover from hammering after first results as public company

Shares of Slack Technologies Inc recovered initial losses to trade just 2% lower on Thursday, after the workplace messaging firm’s first quarterly report as a public company beat expectations while warning of slowing growth.

Argentina opposition front-runner strikes populist tone in Madrid, markets hold steady

Argentina’s likely next President, opposition front-runner Alberto Fernandez, laid out his populist credentials during a visit to Madrid on Thursday, saying local Argentine interests would trump those of creditors and energy investors.

Trade uncertainty to trim $850 billion global output: Fed paper

Trade policy uncertainty driven by the Trump administration’s escalating dispute with China means hundreds of billions of dollars in lost U.S. output and as much as $850 billion lost globally through early next year, research published this week by the Federal Reserve suggests.

Exclusive: Mexico moves to launch world’s largest oil hedge program – sources

Mexico has made the first moves to launch its annual $1 billion oil hedging program by asking banks for quotes, sources familiar with the deal said, while buying in financial oil options contracts for 2020 has risen in recent days, consistent with the giant trade.

Exclusive: Exxon agrees $4 billion sale of Norway oil and gas assets – sources

Exxon Mobil has agreed to sell its Norwegian oil and gas assets for up to $4 billion, ending its production in a country where it started operations more than a century ago, three sources familiar with the matter said on Thursday.

What trade fears? Wall Street is back in rally mode

U.S. stocks surged on Thursday on expectations of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while strong economic data eased fears of a domestic slowdown.

Stocks & Bond Yields Surge On “Resumption Of Trade-Talks”, Silver Slammed

Trade-Talks are on again… on like Donkey Kong if markets are to be believed.

So to explain what happened today, the following chart should help (trade accordingly):

Albert Edwards On How It All Ends: “In The Next Recession, The S&P Will Drop Below 666”

Back in August, we wrote that after decades of waiting, for Albert Edwards vindication was finally here – if only outside the US for now – because as per BofA calculations, average non-USD sovereign yields on $19 trillion in global debt had, as of Monday, turned negative for the first time ever at -3bps.

2020 Election Could Put Oil Out Of Business

Authored by Nick Cunningham via OilPrice.com,

The Democratic presidential candidates subjected Americans to a lengthy town hall event on CNN last night covering climate change, where they discussed a range of plans that will entirely upend the U.S. energy sector.

In the last few months, the candidates have tried to outdo each other as they released ever more aggressive plans on energy and climate change, engaging in an arms race of sorts with trillion-dollar spending plans.

Judge Rules Terror Watchlist Violates Constitutional Rights: CAIR Lawsuit

The US government’s watchlist of over 1 million people flagged as “known or suspected terrorists” is a violation of their constitutional rights, according to US District Judge Anthony Trenga of Virginia.Â

Mukesh Ambani is not done with his shopping spree yet

Mukesh Ambani is not done with his shopping spree yetRIL bought Hamleys, the world’s oldest toy retailer, for $88.5 million. And it is not planning to stop there.

IL&FS woes may cost Gurugram its own Metro

IL&FS woes may cost Gurugram its own MetroBuilt in three years at a cost of Rs 1,450 crore, Rapid Metro service was opened for public in November 2013.

Repo-linked home loan rates can be volatile

Repo-linked home loan rates can be volatileThe cost of repo-linked loans may come down over the years, but EMIs may not drop proportionately.

Best New Ideas in Money: The explosion of ‘alternative’ data gives regular investors access to tools previously employed only by hedge funds

Traditional money managers are scouring the world for information to gain an edge as indexing takes over.

Best New Ideas in Money: These innovations are rewriting the language of money

There is no universal language of money. Our financial system is more a Tower of Babel, built in conflicting dialects that cause unnecessary friction and confusion. But, like languages, money evolves, continuously reshaped by a mixing of cultures and by new technologies and ideas. Here are the Best New Ideas in Money.

Bond Report: 2-year Treasury yield stages biggest one-day jump since February 2015

Treasury yields rise on Thursday after the U.S. and China agreed to meet in October to renew trade talks, easing investors’ appetite for haven assets like government paper.