- S&P 5002,997.95+0.28%
- Dow 3027,025.88+0.09%
- Nasdaq8,156.85+0.40%
- Russell 20001,541.84+1.10%
- Crude Oil53.80-0.24%
- Gold1,495.80-0.17%
- Silver17.57-0.27%
- EUR/USD1.1130-0.0111%
- 10-Yr Bond1.7570+0.51%
- Vix13.79+0.80%
- GBP/USD1.2851-0.3071%
- USD/JPY108.5660-0.0442%
- BTC-USD8,104.19+0.01%
- FTSE 1007,182.32+0.20%
- Nikkei 22522,510.28+0.26%
- Bloomberg
Philippine Central Bank Governor Open to Another Reserve Ratio Cut This Year
The Philippines central bank is probably done cutting its key interest rate this year, but remains open to further reducing the ratio of funds lenders must hold in reserve, Governor Benjamin Diokno said. Most likely the rate cutting is done this year. But cutting of the reserve requirement ratio, maybe we'll look at it,” Diokno said Thursday in an interview with Bloomberg Television's Kathleen Hays in Washington.
- Barrons.com
Here’s How Hedge-Fund Billionaire Ray Dalio Says the Bull Market Will End
Dalio, however, doesn't see a 2008-repeat with a debt crisis, even as the IMF warned this week of the rising levels of corporate debt building up and investors pushing into riskier assets in search of yield. With rates so low around the world, the return on equity has been higher than the cost of borrowing and companies have been able to borrow, paying barely any interest rate, and almost a promise to never have to pay the principal back because they could just role over the debt, Dalio said. When you look at that, you say that's wild,” he added.
- Financial Times
Samsung’s departure is new blow to Chinese manufacturing
p As it moved capacity elsewhere, Samsung kept its Chinese production to serve the China market. But it has seen its share evaporate to 1.1 per cent in the first quarter from about 20 per cent in 2013, according to Strategy Analytics, removing the final barrier to closing its factories there.
- Bloomberg
Ericsson’s CEO Sees Dramatic Acceleration of Demand for 5G Technology
Borje Ekholm, chief executive officer at Ericsson, discusses the 5G market, Huawei, earnings and guidance for 2020. He speaks on “Bloomberg Markets: European Open.
- Bloomberg
South Africa May Avoid Moody’s Cut With Reforms, Kganyago Says
South African government-bond yields could drop and the nation may hang on to its last investment-grade credit rating if policy makers implement the necessary reforms, central bank Governor Lesetja Kganyago said. Moody's Investors Service is scheduled to deliver its latest assessment of South Africa's credit rating on Nov. 1. While the agency has a stable outlook, government borrowing has increased to help keep power utility Eskom Holdings SOC Ltd. afloat, economic growth has slowed and business confidence is near the lowest in more than three decades.
- American City Business Journals
Job hopping: This is how long employees typically stay at Tesla, Apple, Facebook, Cisco, Nvidia, Oracle and more
Big tech companies in Silicon Valley worry about retaining in-demand workers who are barraged with tempting job offers — but some companies seem to retain employees for longer than others. A Silicon Valley Business Journal analysis of data calculated by career website LinkedIn found that Facebook, ServiceNow, LinkedIn, Tesla, VMware and Google have the hardest time retaining workers, with average employee tenure ranging from 2.6 to 4.3 years. On the other end of the spectrum are more established, hardware-oriented companies like Applied Materials, Intel Corp.
- U.S.News & World Report
9 Dividend Stocks to Buy With Growth Potential
These stocks are a bit riskier, but they also may be interesting options for investors who don't want to simply "set it and forget it" in stocks that may offer a few percentage points in dividends but little in the way of revenue growth or share appreciation. Here are nine examples of growth stocks offering dividends that may be worth a look. NextEra Energy Partners is an independent firm that owns and operates clean energy projects in the United States.
- Reuters
UPDATE 2-PG&E noteholders, wildfire victims file formal reorganization plan
Noteholders of PG&E Corp and a committee for victims of the wildfires that pushed the power producer into bankruptcy filed a formal reorganization plan on Thursday for the company, proposing they get effectively all of its new shares. The plan, filed with the U.S. Bankruptcy Court in San Francisco over PG&E's wishes, proposes the noteholders buy $15.5 billion in new shares, giving them 59.3% of equity. The plan also proposes issuing 40.6% new PG&E stock to fund a fire victims trust valued at $12.75 billion.
- Barrons.com
Achillion Pharmaceuticals Stock Soars on Deal to Be Acquired by Alexion
Achillion stock (ticker: ACHN) soared 72% to $6.26 Wednesday morning, while Alexion (ALXN) was down 2.7% to $102.03. Alexion is an established leader in developing medicines for complement-mediated diseases, and we look forward to working together to accelerate our objective of bringing novel therapies to patients as quickly as possible and ensuring that the broad promise of this approach is fully realized,” Achillion CEO Joe Truitt said in a statement. SVB Leerink analyst Geoffrey Porges wrote in a note to clients Wednesday that his initial assessment of the all-cash transaction is positive.
- Investor's Business Daily
This Biotech Stock Nearly Doubled In Two Days On A Potential Hepatitis Cure
Shares of Assembly Biosciences rocketed for a second day Thursday — and have nearly doubled since Tuesday's close — on excitement surrounding the biotech company's potential hepatitis B treatment. Shares of the biotech company touched a six-month high. Over the course of 24 weeks, a combination using Assembly's drug and a standard hepatitis B treatment significantly lowered the amount of virus found in patients' blood.
- Yahoo Money
Medicare 2020: 4 major changes you should know about
Pulling up last year's information: If you want to compare this year's drug list with last year's, you must switch between the old plan finder and this year's – a major inconvenience. That means if you want to make sure last year's drug list is covered under this year's plan, you must access the old plan finder first. Caregiver access: If you're a caregiver who needs access to your senior's saved medical information on the old system, you need to first fill out an authorization form.
- Yahoo Finance
The economy could shock all the bears in 2020
BlackRock global chief investment strategist Mike Pyle tells Yahoo Finance he thinks the U.S. economy will likely strengthen going into the new year. His reasons are solid, and frankly refreshing amidst all the doom and gloom forecasts permeating markets as trade conditions with China continue to be tepid at best. Clearly to put the cautions out there, risks have risen.
- Investor's Business Daily
This Robotic Surgery Giant Just Crushed Third-Quarter Earnings Forecasts
Intuitive Surgical stock popped Thursday after the company topped third-quarter expectations on bullish procedure growth for its robotic surgery system, da Vinci. Shares of Intuitive Surgical jumped 3.9%, near 550, in after-hours trading on the stock market today. During the third quarter ended Sept.
- Barrons.com
4 Biotech Stocks That Are Set to Rally, Analyst Says
The clouds may be clearing for biopharma, according to Bank of America Merrill Lynch analyst Geoff Meacham, who issued Buy ratings on four major names in the sector in a sweeping note out on Wednesday. Despite the sector's weakness in the second half of the year, Meacham noted that the health-care policy changes in Washington that have been weighing on biopharma are looking increasingly unlikely to materialize. Meacham issued Buy ratings on (BMY) (ticker: BMY), (LLY) (LLY), (VRTX) (VRTX), and (BMRN) (BMRN).
- MarketWatch
Asian markets mixed after decades-worst GDP growth by China
Asian markets were mixed in early trading Friday, as new data showed worse-than-expected economic growth in China. China's economy expanded at a 6% rate year-over-year, official data showed, less than the median 6.1% forecast by economists polled by the Wall Street Journal, and the worst pace of growth since the first quarter of 1992. It was the second straight month of weaker year-on-year data.
- Bloomberg
High-Yield Munis Outperform as Credit Spreads Narrow
Christopher Brigati, managing director and head of municipals at Advisors Asset Management, discusses the impact of tightening credit spreads on municipal bond investing. He speaks with Bloomberg's Taylor Riggs in this week's "Muni Moment" on "Bloomberg Markets."
- Fox Business
Ford announces biggest electric vehicle charging network in North America
Ford has put together what it says is the biggest network for charging electric vehicles in North America. The automaker says more than 12,000 charging locations with more than 35,000 plugs will be available when their Mustang-inspired electric SUV becomes available next year. The charging stations will work for non-Ford vehicles, as well.
- MarketWatch
AMC Theatres launches streaming service in latest blow to Netflix
In the latest blow to Netflix Inc., AMC Theatres, the biggest cinema chain in the world, said Tuesday it is launching a streaming service that will allow members of its loyalty program to rent or buy films and watch them at home, the first such offering from a cinema operator. The 20 million-plus U.S. households that have signed up to the company's AMC Stubs program will be able to access about 2,000 films from every major studio, starting Tuesday. Later in the year the service is slated to be expanded to include films from AMC Networks' (AMCX)IFC Films and RLJE Films.
- Investor's Business Daily
How To Build Long-Term Profits In Stocks? Take Many Gains At 20%-25%
You won't go broke so long as your profits are always bigger than your losses. For that reason, IBD has long since encouraged readers to limit their downside risk in every trade. Cut losses in each investment at 7% to 8% or less.
- Barrons.com
Beyond Meat Stock Dropped Because Serious Competition Is Closing In — Fast
(BYND) shares are falling because of what happened to a competitor. Recently, Beyond Meat and privately held Impossible Foods have had a string of product placement successes, including Subway, (DNKN) (DNKN) and (QSR)'s (QSR) Burger King. Thursday's news, however, could mean the alternative-meat industry is entering a new phase where bullish Beyond Meat investors have to digest wins from new competitors.
- Yahoo Finance
The best advice for investors who are scared of Elizabeth Warren
It's not reflected in the stock market yet, but make no mistake about it — Wall Street is growing worried about what a Senator Elizabeth Warren presidency would mean to stocks and the health of Corporate America. “We would advise investors to be cautious against two dimensions when thinking about elections and their portfolios today.
- Reuters
UPDATE 1-Judge summons drug company CEOs to discuss opioid settlement - source
The chief executives of the three largest U.S. drug distributors and a drugmaker have been summoned to appear before a federal judge to discuss a proposal to resolve thousands of lawsuits alleging they fueled the U.S. opioid crisis, a person familiar with the matter said on Thursday. The order by U.S. District Judge Dan Polster in Cleveland, Ohio, came as distributors McKesson Corp, Cardinal Health Inc, AmerisourceBergen Corp and Israel-based drugmaker Teva Pharmaceutical Industries Ltd moved to reach a deal ahead of a trial before Polster that begins on Monday. All of those companies except J&J are set to be defendants in the trial before Polster, who oversees the bulk of the litigation.
- Benzinga
Large Square Option Trader Makes $1.9M Bet On Earnings Beat
Even traders who stick exclusively to stocks often monitor option market activity closely for unusually large trades. Given the relative complexity of the options market, large options traders are typically considered to be more sophisticated than the average stock trader. Many of these large options traders are wealthy individuals or institutions who may have unique information or theses related to the underlying stock.
- Investor's Business Daily
Dow Jones Futures: Stock Market Rally Faces Ultimate Test; Two Key Earnings Movers
Dow Jones futures edged lower Thursday, along with S&P 500 futures and Nasdaq futures, after modest market gains in Thursday's session. The stock market rally has made a nice recovery, with Apple at a record high and FANG stocks Facebook and Google parent Alphabet nearing buy points. But the stock market rally faces a key test as the Dow Jones and other major indexes near their September peaks and July's all-time highs.
- Bloomberg
A Guy on Reddit Turns $766 Into $107,758 on Two Options Trades
The sub-Reddit WallStreetBets, with the tagline “Like 4chan found a Bloomberg terminal,” is rarely any of those things. The forum's 600,000 members dub satirical options-trade commentary over scenes from TV shows like “It's Always Sunny in Philadelphia” and rant about a loss that caused a member to get their “face ripped off.” Toss in a smidge of casual racism and a whiff of locker-room misogyny, and WallStreetBets is a window into the back rooms of a seedy stock-market casino with no Burry to be found. The chat does have Eddie Choi, however.
