IMF proposes improvements to EU plan to develop capital market

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: 5 ‘Superstar’ Stocks To Buy Now

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.

Here's the secret for living longer and loving retirement

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.

25 Stocks to Ditch Before the Fed Meeting

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.

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  The Fed may break a lot of stock-market investors’ hearts next week

  MarketWatch
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  Wall Street Week Ahead: All eyes on Fed as stock market pines for rate cut

  Reuters

Suze Orman Says These Are The Biggest Money No-Nos

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.

Walmart laying off nearly 600 employees in Charlotte as part of outsourcing

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.

Gold Fever is Spreading

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.

Chinese state media urges retribution after UBS economist's 'insult'

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.

Airbus Looks To Soar Above Boeing With This New Engine Technology

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.

• Airbus readies A321XLR jetliner launch, sees A330neo sales

  Reuters
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  Grounding of Boeing plane hovers over big air show in Paris

  Associated Press

5 Top Stocks to Protect Your Portfolio

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.

The 7 Best Tech Stocks to Buy for the Second Half of 2019

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.

4 Semiconductor Stocks to Sell

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.

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  Why Is EnerSys (ENS) Down 1.5% Since Last Earnings Report?

  Zacks
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  Nvidia (NVDA) Down 9.7% Since Last Earnings Report: Can It Rebound?

  Zacks

Why Google is planning a $600M investment in this small Texas city

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.

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  Google CEO Reacts To Possible U.S. Antitrust Probes Into Tech Giant

  Deadline
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  Google CEO Sundar Pichai worries tech regulation could have ‘unintended consequences’

  MarketWatch

Wall Street Learns Hard Lesson on Why Not to Say ‘Pig’ in China

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?

Boeing crisis, trade tensions cast pall over air show

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.

• Boeing expected to notch new 777X, 787 Dreamliner orders at Paris Air Show

  American City Business Journals
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  Grounding of Boeing plane hovers over big air show in Paris

  Associated Press