22Oct2019 Market Close: Wall Street Slides After Some Disappointing Earnings From McDonald’s, Travelers, DOW Closes Down 40 Points, Gold Remains Below 1500, Nasdaq Closes Down 0.7%

Johnson & Johnson CEO testified Baby Powder was safe 13 days before FDA bombshell

Facing off against a plaintiff’s lawyer for the first time about Johnson & Johnson’s Baby Powder, the company’s Chief Executive Alex Gorsky earlier this month insisted that the company’s iconic brand was safe.

Pound, stocks slip; lawmakers reject Brexit law timetable

Stocks on world markets declined, with the S&P 500 turning lower, and the pound weakened on Tuesday after British lawmakers rejected the government’s proposed timetable for passing legislation to ratify a deal over Britain’s exit from the European Union.

Intel files antitrust case against SoftBank-backed firm over patent practices

Chipmaker Intel Corp has filed an antitrust lawsuit against a SoftBank Group Corp-owned investment company alleging the firm stockpiled patents to hold up technology companies with numerous lawsuits.

U.S. business borrowing for equipment rises 18% in September: ELFA

U.S. companies’ borrowing to spend on capital investments rose 18% in September from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Tuesday.

Air New Zealand to start non-stop Auckland to New York route in 2020

Air New Zealand Ltd said on Wednesday it will launch a non-stop flight service between Auckland and New York in October 2020, in a bid to take advantage of strong visitor growth from North America.

Boeing makes progress on 737 MAX, but FAA needs weeks to review

Boeing Co is making progress toward getting its 737 MAX aircraft in the air again, but the U.S. Federal Aviation Administration (FAA) will need at least several more weeks for review, FAA Administrator Steve Dickson said on Tuesday.

Boeing replaces top commercial airplanes executive

Boeing’s top commercial airplanes executive Kevin McAllister is leaving the company as the planemaker continues to grapple with the fallout from two fatal crashes of its 737 MAX, the company said on Tuesday.

Mixed earnings, failed Brexit vote push down S&P 500

The benchmark S&P 500 index gave up modest gains on Tuesday from earlier in the session after British lawmakers rejected the government’s proposed timetable for passing legislation to ratify its deal to exit the European Union.

Exclusive: Blackstone, CVC seek to take Paysafe public – sources

Private equity firms Blackstone Group Inc and CVC Capital Partners Ltd are seeking to hire underwriters for an initial public offering (IPO) of Paysafe Group Ltd that could value the payments processing firm at more than $10 billion, including debt, according to people familiar with the matter.

Stocks Sink On Momo Meltdown But Biogen & Boeing Bounce

Stocks Sink On Momo Meltdown But Biogen & Boeing Bounce

So close and yet so far – UK parliamentarians voted in favor of Johnson’s deal but rejected his shortened timeline… running away from making any actual decision…

China stocks surged into the close of the afternoon session to end higher on the week (led by Small-cap/tech)

Fisher Investment Withdrawals Soar Past $2 Billion As New Hampshire And Fidelity Flee

Fisher Investment Withdrawals Soar Past $2 Billion As New Hampshire And Fidelity Flee

The bleeding at Fisher Investments is showing zero signs of stopping and has now surpassed $2 billion, according toA CNBCA andA Bloomberg, as clients yank cash from the firm faster than we can keep updating this story.

The New Hampshire Retirement system was the latest to abandon the billionaire investing with a 5-0 vote on Tuesday to pull its $239 million. The New Hampshire Retirement system said in a statement:A

“The recent statements made by Ken Fisher, the founder and chairman of Fisher Investments, are not only offensive and inappropriate, they are incompatible with the values of the retirement system and bring into question Mr. Fisher’s judgment.”

NEPC, a Boston-based investment consultant for the New Hampshire plan said:A In 2018, NEPC created an internal group called the Unfavorable News Committee to respond to non-investment negative news events connected to our investment managers. Mr. Fisher’s comments clearly fit that mandate. �

Fidelity also pulledA $500 million it had invested with Ken Fisher early this week and joined a chorus of investors who have spoken out against Ken Fisher’s lewd comments several weeks ago at an industry conference.A

Trump Teases Mnuchin, ConwayA As Mulvaney Replacements According To New Leaks

Trump Teases Mnuchin, ConwayA As Mulvaney Replacements According To New Leaks

Following a Sunday BloombergA report that President Trump’s “closest associates” are assembling a list of possible replacements for acting chief of staff Mick Mulvaney, the left-leaning news outlet now reports that President Trump has been “privately testing the idea of replacing” the embattled official.A

Heads Start To Roll: Boeing Commercial Airplane Chief To Leave

Heads Start To Roll: Boeing Commercial Airplane Chief To Leave

Heads at Boeing are finally starting to roll.

One week after the company split the role of CEO and Chairman, making it clear that the fate of Dennis Muilenburg will depend on how quickly he succeeds in putting the company’s raging scandal behind it (or not), the first, and most senior casualty of the Boeing 737 MAX scandal just hit: Kevin McAllister, the executive in charge of commercial airplanes, is expected to leave the company.

McAllister was at the center of the company’s efforts to fix the automated system that contributed to the two crashes and return the plane to service.

IndiGo’s Bhatia takes partner Gangwal to court in Florida

IndiGo’s Bhatia takes partner Gangwal to court in FloridaBhatia has filed the plea seeking information about Gangwal’s alleged breach of shareholders’ agreement.

Slowdown curbs India Inc’s appetite for M&A

Slowdown curbs India Inc’s appetite for M&AIn the July-September quarter, M&A activity fell by more than half over the last year.

Why India needs to expand its drone strategy

Why India needs to expand its drone strategyInstead of focusing only on expensive fighter planes, India should lay greater emphasis on low-cost drones.

Earnings Outlook: Visa earnings preview: Moving further beyond credit cards

Visa Inc.’s Thursday afternoon earnings report will cap off a fiscal year in which the payments giant branched out further beyond traditional credit and debit cards.

Regulator says government will ‘wipe out’ Fannie Mae and Freddie Mac shareholders if needed

The comment came during a congressional hearing regarding the Trump administration’s housing finance reform plans.

Deep Dive: Here are Wall Street’s favorite value stocks

There are signs that the 12-year period of growth strategies beating value is coming to an end.