Written by Gary
US major indexes trade higher, as Apple leads rally in technology shares (SPY +0.6%). Chicago PMI falls to 47.1 in September from from 50.4.
Here is the current market situation from CNN Money | |
North and South American markets are mixed today. The S&P 500 is up 0.65% while the IPC gains 0.27%. The Bovespa is off 0.27%. |
What Is Moving the Markets
Here are the headlines moving the markets. | |
Forever 21 closing stores in bankruptcy filing shows limits to fast fashionFast-fashion retailer Forever 21 filed for bankruptcy late on Sunday, joining a growing list of brick-and-mortar companies that have seen sales hit by the rise of competition from online sellers like Amazon.com Inc and the changing fashion trends dictated by millennial shoppers. | |
Wall Street rises as Apple leads rally in technology sharesGains in technology stocks led by Apple lifted Wall Street’s main indexes on Monday, as investors looked past last week’s reports that Washington was considering delisting Chinese companies from U.S. stock exchanges. | |
WeWork throws in the towel on ill-fated IPOWeWork’s parent The We Company said on Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup removed founder Adam Neumann as its chief executive officer. | |
PayPal to enter China market through local acquisitionU.S. digital money transfer platform PayPal Holdings Inc has obtained Beijing’s approval to buy a controlling stake in a domestic payments firm, which would make PayPal the first foreign firm to enter China’s payment services market. | |
Global stocks inch higher as investors downplay escalating trade warA rise in U.S. technology stocks and better-than-expected economic data in China pushed global equity markets higher Monday, despite reports that Washington was considering escalating its trade war with China by delisting Chinese companies from U.S. exchanges. | |
Oil drops more than 1% on trade war jitters and Chinese dataOil slipped on Monday as China’s economic outlook remained weak even as manufacturing data improved, with the continuing trade war with the United States weighing on demand growth for the world’s largest crude importer. | |
On U.S. delisting threat, China says ‘decoupling’ would harm both sidesChina warned on Monday of instability in international markets from any “decoupling” of China and the United States, after sources said the Trump administration was considering delisting Chinese companies from U.S. stock exchanges. | |
White House trade adviser Navarro calls China delisting report ‘fake news’: CNBCWhite House trade adviser Peter Navarro on Monday dismissed reports that the Trump administration was considering delisting Chinese companies from U.S. stock exchanges as “fake news.” | |
Big name IPOs in third quarter brighten gloom for equity market fundraisingA couple of hefty share listings in Europe and the return of AB InBev’s Asian unit float in the third quarter of 2019 brought some hope to a global IPO market battered by political volatility and downbeat global growth expectations. | |
Three Saudi Brigades Reportedly Annihilated In Devastating Houthi Offensive In Saudi ArabiaThree Saudi Brigades Reportedly Annihilated In Devastating Houthi Offensive In Saudi Arabia Authored by Federico Pieraccini via The Strategic CUlture Foundation, Many may have hitherto been led to believe that the Houthis were a ragtag armed force lacking in sophistication. Many, seeing the drone and missile attacks on Saudi oil plants, may have declared it to be a false-flag attack carried out by Riyadh to boost Aramco’s market value; either that or it was an operation carried out by Iran or even Israel. On Saturday September 28, the Houthis put paid to such speculation by confirming what many, like myself, have been writing for months; that is, that the asymmetrical tactics of the Houthis, combined with the conventional capabilities of the Yemeni army, are capable of bringing the Saudi kingdom of Mohammed Bin Salman to its knees. | |
Gold Prices Plunge Right On Cue As China Golden Week BeginsGold Prices Plunge Right On Cue As China Golden Week Begins Right on cue, as we detailed here, precious metals prices have been pummeled as China Golden Week begins… Silver futures have accelerated lower since losing $18… | |
Hunter Biden Must Be Investigated According To Former Ukraine PMHunter Biden Must Be Investigated According To Former Ukraine PM Ukraine’s former Prime Minister Mykola Azarov has called for an investigation into Hunter Biden and his role as a highly compensated board member at a Ukrainian gas company while his father was the sitting US Vice President, Azarov told Reuters. | |
Nearly Half Of America’s Homeless People Live In CaliforniaNearly Half Of America’s Homeless People Live In California Authored by Mac Slavo via SHTFplan.com, Not only do nearly half of America’s homeless people live in California, but four of the five American cities with the greatest incidences of unsheltered homelessness are in the Golden State. | |
Rajan points out a big mistake govt after govt have been repeatingRajan points out a big mistake govt after govt have been repeatingRaghuram Rajan said governments that suppress public criticism do themselves a gross disservice. | |
Mumbai police files FIR in PMC Bank caseMumbai police files FIR in PMC Bank caseAccording to the FIR, the alleged irregularities has been pegged at Rs 4,355.46 crores. | |
Anil Ambani is closing down his 2nd major bizAnil Ambani is closing down his 2nd major bizReliance Capital has decided to shutter its two lending arms by December, the company said. | |
Key Words: If Hillary Clinton’s sweating her emails, you wouldn’t know it from this tweetKamala Harris rushed to Clinton’s defense… and Clinton responded. | |
NewsWatch: Stocks edge higher as Trump administration officials play down talk of ban on China investmentsU.S. stock-indexes head slightly higher to end the month and quarter as a Treasury official said there were no immediate plans to prevent Chinese companies from listing on domestic exchanges, momentarily calming a fear that buckled the market on Friday. | |
Key Words: Jeff Flake urges fellow Republicans to ‘save your souls’ by opposing Trump in 2020Former Sen. Jeff Flake is urging his fellow Republicans not to back President Donald Trump in the 2020 election, saying in a Washington Post op-ed that for them, more than the White House is at stake. |
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