Written by Gary
US stock markets end session down (SPY -0.3%) as global stocks fall from 20-month highs on trade talk concerns.
The Market in Perspective
|Here are the headlines moving the markets.|
Wall Street pummeled shares of companies including Lyft , Uber Technologies , SmileDirectClub and Slack Technologies on Thursday as investors grew more sour on money-losing former startups that went public this year.
The Association of Professional Flight Attendants (APFA), which represents American Airlines Group flight attendants, still has safety concerns about a relaunch of the Boeing 737 MAX, its president told Boeing Chief Executive Dennis Muilenburg in a letter seen by Reuters.
Saudi Arabia’s crown prince showed up only briefly this week at the kingdom’s flagship investment forum, which largely drew leaders and firms with strategic interest in the Gulf state and wrapped up with relatively meagre deals and an anticlimactic finale.
World stock markets slid from 20-month highs on Thursday as uncertainty about a potential U.S.-China trade deal offset strong results from Apple and Facebook, while the dollar eased as investors mulled whether the Federal Reserve will cut rates further.
Shares of oilfield services firm ProPetro Holding Corp fell as much as 10% on Thursday after research firm Culper Research released a report outlining business dealings among its executives and board members, and criticized an internal audit of related-party transactions as a “farce.”
Google sued Texas’ attorney general on Thursday to ensure that its confidential business information will not be disclosed to rivals as he leads a multi-state probe into possible antitrust violations by the Internet search and advertising company.
Fiat Chrysler and Peugeot owner PSA plan to join forces in a 50-50 share merger to create the world’s fourth-largest automaker, seeking scale to cope with costly new technologies and slowing global demand.
A planned merger between Fiat Chrysler and Peugeot owner PSA would only benefit shareholders, two of the biggest Italian and a French unions said on Thursday, criticising a decision not to include labour groups in the decision.
U.S. President Donald Trump says further Federal Reserve rate cuts would lower the value of the dollar and help the country’s trade position.
Stocks Slump, Gold Jumps On Powell-Pause, Trade-Turmoil, & Dismal-Data
October ended with the most disappointing macro-economic data since April 2017…
Texas School District Mandates Transgender Education For 8-Year-Olds
Authored by Paul Jospeh Watson via Summit News,
A Texas school district board has unanimously approved a proposal to introduce transgender education for children as young as 8-years-old.
Hezbollah Fires Anti-Aircraft Missile At Israeli Drone Over Lebanese Airspace
A major incident has unfolded along Lebanon’s southern border with Israel on Thursday involving an Israeli drone. Hours ago Lebanese media reported that Hezbollah operatives shot down an Israeli aircraft, identified as an unmanned aerial vehicle (UAV), likely with an anti aircraft missile, specifically a MANPADÂ (or man-portable air-defense system).
John Solomon Debunks MSM Lies About Ukraine, Biden And Election Interference
Authored by John Solomon via JohnSolomonReports.com
Once valued at $1.1 billion, ShopClues now sold for peanutsThe transaction is believed to have valued ShopClues at $70-$100 mn, it was valued at $1.1 bn in late 2015.
The export challenge in $5-tn economy dreamIndia needs $1 trillion exports for a $5 trillion economy. But the pathway is bumpy and patchy.
India loses major WTO dispute to the USA WTO panel ruled that Indian export subsidies are prohibited and should be removed.
Written by Steven Hansen
Econintersect’s Economic Index forecast fell marginally again this month and continues to show the lowest level of growth since the economic slowdown in 2016. The continuing weakness of manufacturing, transport, and exports/imports continues to weigh on our economic forecast.
Market Extra: Dow and S&P 500 are guaranteed to rise at least another 5% in the next 2 months ” if this 70-year-old pattern holds
It’s the last day of October for stocks and the markets have enjoyed an anxiety-ridden climb toward all-time highs, but if this statistical trend for equity benchmarks holds up, there is much more room to run.
Competition from the asset management platforms helps make investors aware of the fees they’re paying for financial services, allowing them to demand lower ones.
Amazon.com Inc. announced Tuesday that it is eliminating the $14.99-per-month fee for grocery delivery, making delivery from Amazon Fresh and Whole Foods Market one more perk included in Prime membership.
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