Written by Gary
US stocks rose today on low volume (SPY +0.5%), helped by surges in Apple and Merck & Co as investors set aside worries about the U.S.-China trade war.
The Market in Perspective
Here are the headlines moving the markets. | |
Thomas Cook customers may face two-month delay for refunds: watchdogBritain’s aviation regulator said on Monday that refunds of bookings by Thomas Cook customers could take longer than expected as the regulator does not have all information needed from the collapsed travel firm. | |
Egypt operator owed $7.7 million by Thomas Cook: chairmanThomas Cook has dues of 125 million Egyptian pounds ($7.7 million) to local operator Blue Sky Group, Blue Sky’s chairman Hossam El-Shaer said on Monday. | |
WeWork throws in the towel on its 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 ousted founder Adam Neumann as its chief executive officer. | |
Oil falls, Brent posts biggest quarterly drop this year on demand fearsOil prices fell on Monday on fading concerns of supply shortfalls and conflicts in the Middle East after the Sept. 14 attack on Saudi Arabia, but global benchmark Brent posted its biggest quarterly loss this year on demand fears due to the escalating U.S.-China trade war. | |
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. | |
Saudi Aramco restored oil output to pre-attack level: trading unit chiefSaudi Aramco has restored full oil production and capacity to the levels they were at before attacks on its facilities on Sept. 14, the chief executive officer of its trading arm, Ibrahim Al-Buainain, said on Monday. | |
Apple and Merck drive Wall Street higher as trade worries abateU.S. stocks rose on Monday, helped by surges in Apple and Merck & Co as investors set aside worries about the U.S.-China trade war. | |
Explainer: What delisting Chinese firms from U.S. stock markets could meanU.S. President Donald Trump’s administration is considering forcing Chinese firms to delist from U.S. stock exchanges, according to sources, a move that would escalate U.S.-China tensions and could throw some of China’s biggest companies into chaos. | |
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. | |
House Democrats Subpoena Giuliani Over ‘Scheme’ To Investigate BidenHouse Democrats Subpoena Giuliani Over ‘Scheme’ To Investigate Biden Congressional Democrats have subpoenaed President Trump’s personal attorney, Rudy Giuliani, for documents and other evidence in ‘two politically-motivated investigations’ – one of which they say constitutes election interference in next year’s US election.  | |
Safe-Havens Beat Stocks In Q3 As Global Policy Uncertainty Hits Record HighSafe-Havens Beat Stocks In Q3 As Global Policy Uncertainty Hits Record High A flip-flopping quarter ended with global stocks flat but global bond yields collapsing… | |
Ron Paul Asks: “Impeachment… Or CIA Coup?”Ron Paul Asks: “Impeachment… Or CIA Coup?” Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity, You don’t need to be a supporter of President Trump to be concerned about the efforts to remove him from office. Last week House Speaker Nancy Pelosi announced impeachment proceedings against the President over a phone call made to the President of Ukraine. According to the White House record of the call, the President asked his Ukrainian counterpart to look into whether there is any evidence of Ukrainian meddling in the 2016 election and then mentioned that a lot of people were talking about how former US Vice President Joe Biden stopped the prosecution of his son who was under investigation for corruption in Ukraine. Democrats, who spent more than two years convinced that œRussiagate would enable them to remove Trump from office only to have their hopes dashed by the Mueller Report, now believe they have their smoking gun in this phone call. It this about politics? Yes. But there may be more to it than that. It may appear that the Democratic Party, furious over Hillary Clinton’s 2016 loss, is the driving force behind this ongoing attempt to remove Donald Trump from office, but at every turn we see the fingerprints of the CIA and its allies in the US deep state. | |
Beijing Slams “Fanatical US Hawks”, Warns Of Economic Backlash After ‘Delisting’ ThreatBeijing Slams “Fanatical US Hawks”, Warns Of Economic Backlash After ‘Delisting’ Threat Last week, leaked reports claimed that the Trump Administration was considering the forced de-listing of Chinese firms from American securities exchanges, sending markets lower into Friday’s close. | |
A US move puts kids of H1B workers at risk of deportationA US move puts kids of H1B workers at risk of deportation The US Senate has blocked a bill that seeks to lift per-country green card limit, dashing hopes of Indian families. | |
Shareholders threaten to sue Anil AmbaniShareholders threaten to sue Anil AmbaniAt the AGM, a shareholder threatened to file class action suit against the group companies. | |
It’s time to reform India’s cooperative banksIt’s time to reform India’s cooperative banksBanks of all kinds have been hit by frauds. But the UCBs are the odd man out. They are nobody’s child. | |
The Ratings Game: Apple reclaims $1 trillion market cap after analyst says stock poised to jump 20%Apple Inc. shares surge, pushing the company past $1 trillion in market value, following a Wall Street note that predicted its stock will rise 21% on stronger-than-expected sales of iPhone 11. | |
The Ratings Game: Semiconductor sales numbers, whispers out of Asia tell different tales about chip marketSemiconductor-related stocks rose Monday as some analysts reported signals of improving market conditions despite yet another month of double-digit declines in global chip sales. | |
Futures Movers: Oil prices drop after reports Saudi Aramco has restored output capacity to pre-attack levelsOil futures sink Monday, sending U.S. prices to their lowest settlement in a month, after reports that Saudi Aramco has fully restored production capacity that was lost to the crippling attacks on Saudi oil facilities earlier in September. |
Summary of Economic Releases this Week
Earnings Summary for Today
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