The International Monetary Fund has proposed that the European Union improve transparency, regulatory oversight and insolvency rules in its proposals to create a capital market system to rival the United States, a senior IMF official said. EU efforts to create a Capital Markets Union has made little headway so far, but is seen as offering major benefits, such as encouraging companies to raise more funds through stocks and bonds rather than relying so heavily on bank loans. The CMU seeks to encourage companies to raise money by issuing stocks and bonds, rather than continuing to raise loans from EU banks, some of which are still struggling to recover from the 2008 financial crisis.
Goldman Sachs has a new strategy for investors to consider. The firm has now revealed that the most dominant companies in an industry tend to outperform companies with a smaller percentage of market sales. “The market positioning of superstar firms often allows for greater bargaining power over consumers and workers and higher profitability,” Goldman's senior US equity strategist David Kostin told investors.
Like many Americans, Chris Gray got into financial trouble when he accumulated large medical expenses – in his case, for hip surgery four years ago. "The medical bills just start piling up, especially if you can't work," said Gray, a 37-year-old Phoenix resident who works in sales and delivery for a flooring company. Gray's credit score dropped into the subprime category, which made it harder to get loans at attractive rates of interest.
Early retirement is a popular dream with a whole movement devoted to it: FIRE, or financial independence, retire early. A December 2017 paper by Professors Maria D. Fitzpatrick and Timothy J. Moore for the National Bureau of Economic Research showed male mortality rates rose 2% starting the month men turn 62.
The Fed will hold its two-day policy meeting next week, with the central bank's interest rate decision due at 2 p.m. ET on Wednesday, June 19. While CME Group's FedWatch tool pegs the odds of a June rate cut at less than 25%, traders will undoubtedly dissect a post-meeting presser with Fed Chair Jerome Powell for more hints of a July rate cut, the odds of which currently sit at 86.9%. Below are the 25 worst stocks to own the week of Fed policy meetings, looking at data since 2015, which encompasses 35 meetings.
"Until [former Vice President] Joe Biden entered the race, every candidate was as far left as I have ever seen in my life," Cramer said during an exclusive call with members of his Action Alerts PLUS club for investors. Cramer said some common positions among many of the 2020 Democratic candidates -- from support for "Medicare for All" to promises of cracking down on Wall Street -- could spell bad news for stocks. "Whether they are running to break up the big techs or to have single-payer medicine instead of health insurance or if they favor jailing innocent bankers, they are a motley crew of hard lefters that will be a disaster for the stock market unless they gravitate to the right," Cramer said.
Best-selling author, TV host and personal finance guru Suze Orman has been inspiring Americans for decades to make better money moves and avoid serious financial mistakes. She'll be the first to tell you that what you don't do with your money may be even more important than what you do with it. Here are 22 major money don'ts — straight from the expert.
In a bear market, quality companies weather the storm best and ultimately survive to thrive during the next bull market. Here are seven stocks to avoid in the next bear market, according to former Kase Capital hedge fund manager Whitney Tilson. Community Health Systems owns, leases or operates 160 hospitals in 22 different U.S. states.
3M is a multi-national technology conglomerate that manufactures industrial, safety and consumer products including the ever-popular post-it notes. The daily chart for 3M shows a huge price gap lower on April 25, after it reported an earnings miss and disappointing guidance. The weekly chart for 3M is negative but oversold with the stock below its five-week modified moving average of $175.95 and below its 200-week simple moving average or "reversion to the mean" at $190.50.
It's a tough decision that many of the Midwest's farmers had to make this month: To plant, or not to plant. James McCune's corn fields in western Illinois are typically covered with rows of hardy, knee-high corn this time of year. After non-stop rain plagued the region this spring – when corn farmers typically get seed in the ground – most have decided time is now too short and are choosing not to plant.
Retail giant Walmart Inc. will lay off hundreds in Charlotte starting later this year as it outsources its finance and accounting operations. The retailer filed a Worker Adjustment and Retraining Notification with the N.C. Department of Commerce this week, stating a permanent closure of a Walmart division in Water Ridge will result in about 569 layoffs. Walmart (NYSE: WMT) signed a 12-year lease in 2015 to occupy the full 107,545-square-foot building at 2118 Water Ridge Parkway, where it operates several units, including finance and accounting.
Trade war and recessionary fears The G20 summit will be significant for risk assets and while we don't know if tariffs will escalate from here, but we do know there's a substantial risk that they will. And while we remain unsure how the Fed will react this week, but we do know that if tariffs escalate, it will be a potent threat to U.S. growth and so the likelihood of an aggressive Fed cut will also rise. Gold represents insurance against those risks.
Those who insult Chinese people should pay the price in order to deter would-be offenders from following suit, Chinese state media said in a sharply worded commentary, after remarks by a UBS economist about pigs sparked an outcry in China. Paul Donovan, global chief economist of UBS's wealth management business, said in a podcast on Wednesday that consumer prices in China had risen after an outbreak of African swine fever killed a vast number of pigs and cut pork supplies. It matters if you like eating pork in China," Donovan said in comments that some interpreted as referring to people, not livestock.
Although Mr Ghosn has already been formally charged on multiple counts of financial misconduct — all of which he denies — and is currently on bail in Tokyo awaiting trial, Nissan receives almost constant demands from prosecutors assembling information relating to the case. Much of that information, say people familiar with the investigation, requires extraction from laptops, mobile phones, over a decade of archived data and millions of potentially relevant emails from Mr Ghosn's 19-year leadership of the company. Forensic IT experts are not only working to compile and recover digital evidence and render it fit for use in court, but are also helping to establish, at the request of both prosecutors and Nissan's management, historic patterns of behaviour surrounding Mr Ghosn and a number of business associates in the Middle East and Latin America.
In virtually all cases, a day trader aims to buy and sell a stock in the same day, with the goal of making a small profit. Why would a day trader make frequent daily trades and then sell out of the position before the end of the trading day? That strategy aims to leverage stock market price fluctuations which (ideally) go in the day trader's favor.
Aurora is staking its future on size, positioning itself as the world's largest supplier of cannabis products to the medical market. And large is definitely the right word – Aurora's current production stands at more than 25 metric tons per quarter, and is on track to exceed 600 tons annually by the end of 2020. The company's scale has brought Aurora both benefits and costs.
Europe's Airbus is looking at opening up a new front in its ongoing aerospace battle with U.S. rival Boeing by bringing the world's first hybrid-electric airliner to market. The plane-maker believes a new propulsion system will be ready for when an all-new single-aisle jet is released in 2035, insiders told Bloomberg. The way forward is still not clear, with the sources saying Airbus will start with a smaller single-aisle model before working up to a size comparable to the 240-seat A321neo.
In another example of corporate resiliency, JNJ was recently given a buy rating with a $157 price target by five-star analyst Joanne Wuensch (Track Record & Ratings) of BMO Capital, after she reviewed the status of current legal action the company faced in the state of Oklahoma in regard to the opioid abuse epidemic. Wuensch notes that the case will likely be resolved quickly, and points out, “Litigation is a common occurrence in the health care sector that takes significant time to resolve, and often headlines are worse than reality. Her price target indicates confidence in the stock, and a 12% upside.
That came with a Buy rating and a price target of $62 (44% upside potential). Uber is the leading global player in massive ridesharing & meal delivery TAMs, generating robust growth, with leading technologies, products & ops. We also see significant option value in new business units (e.g. Freight)” wrote Mahaney.
Colorado announced that since the state legalized adult-use cannabis sales in 2014, $1 billion worth of marijuana were sold, while Oregon's Congress passed a bill that would allow it to trade cannabis with other consenting states. In Canada, a committee in the House of Commons called for the decriminalization of the possession of small amounts of drugs, while the U.S. House of Representatives rejected an amendment that Rep. Alexandria Ocasio-Cortez (D-NY) had introduced, which sought to make it easier for scientists to study Schedule I controlled substances like psilocybin – found in mushrooms, MDMA and cannabis. The Church of England said its £8.3 billion ($10.5 billion) Church Commissioners for England fund would start investing in cannabis, cannabis CPG company Coda Signature closed a $24.4 million Series A funding round, and Medicine Man Technologies, Inc. (OTC: MDCL) announced the acquisition of Colombian company Green Equity S.A.S. – marking its third deal this month.
Analysts are looking for earnings of 90 cents per share on revenues of $15.6 billion. When the company last reported on April 25, earnings of 89 cents per share beat estimates by two cents. Nvidia (NVDA) Nvidia (NASDAQ:NVDA) shares are simply unable to get up off the mat, as the onetime momentum sweetheart languishes near its December lows and remains well below its 50-day and 200-day moving averages.
Google is making an even larger investment than expected for its first data center in Texas. The search-engine giant, part of the Silicon Valley's Alphabet Inc. (Nasdaq: GOOGL), is putting $600 million in the Ellis County facility, according to a statement on Friday. The company says it will create a number of jobs at the data center and hundreds of construction jobs.
Before you head to Europe, Asia or the Caribbean this summer for your holiday, figuring out where to get the best exchange rate for money will save you the headache of finding a favorable rate as you adjust to the jet lag. Consider trading your U.S. dollars for euros, pesos or yen before you start your vacation so you can find the lowest fees and the best conversion rate. If you're traveling to several different countries with different currencies, planning ahead will save you even more money and time.
For financial professionals around the globe this week, rising trade tensions and fears of a slowdown were no match for an unlikely drama suddenly unfolding in China: UBS Group AG's struggle to quell a public uproar over an economist's quip about pork prices. Was the furor in China -- amplified by state media and a local industry group's demand for the economist's firing -- some sort new front in the trade war? Might U.S. and European banks finally on the cusp of expanding in mainland China be thwarted over perceived slights?
Safety concerns, trade wars and growing security tensions in the Gulf are dampening spirits at the world's largest planemakers as they arrive at this week's Paris Airshow with little to celebrate despite bulging order books. The aerospace industry's marquee event is a chance to take the pulse of the $150 billion a year commercial aircraft industry, which many analysts believe is entering a slowdown due to global pressures from trade tensions to flagging economies. Humbled by the grounding of its 737 MAX in the wake of two fatal crashes, U.S. planemaker Boeing will be looking to reassure customers and suppliers about the plane's future and allay criticism of its handling of the months-long crisis.