- S&P 5002,847.11-2.59%
- Dow 3025,628.90-2.37%
- Nasdaq7,751.77-3.00%
- Russell 20001,459.49-3.09%
- Crude Oil53.97-2.49%
- Gold1,536.90+1.88%
- Silver17.40+2.08%
- EUR/USD1.1150-0.0000%
- 10-Yr Bond1.5280-5.09%
- Vix19.87+19.12%
- GBP/USD1.2287-0.0000%
- USD/JPY105.39000.0000%
- BTC-USD10,019.82-3.75%
- FTSE 1007,094.98-0.47%
- Nikkei 22520,710.91+0.40%
- Benzinga
How Crypto Creates A Defense Against Political, Financial Disasters
And indeed, if you're a citizen or resident of Argentina, that's exactly what you're thinking right now. What caused all this panic? It was the fear that the former government of Cristina Fernandez de Kirchner is making a comeback.
- MarketWatch
Gold rallies back to highest finish since 2013 as U.S.-China trade fight sparks haven bid
Gold futures rallied on Friday after China announced a round of retaliatory tariffs against U.S. products, prompting the precious metal to move up for the week and post a fourth consecutive weekly climb. China said it was preparing to raise tariffs in two batches on $75 billion in U.S. imports on Sept. 1 and Dec. 15, which would coincide with the dates that Washington is slated to increase import duties on some $300 billion of Beijing goods. President Donald Trump responded with a series of tweets, in which he said he “hereby ordered” U.S. companies to begin looking for alternatives to China and said further measures would be announced later.
- Investor's Business Daily
Six Billion-Dollar Companies Are Now Penny Stocks; Hope You Sold
Six members of the Standard & Poor's Total Market index and the S&P 500 commanded $1 billion or greater market values when this decade began — only to become penny stocks now. This is based on an Investor's Business Daily analysis of data from Marketsmith and S&P Global Market Intelligence. Suffering these kinds of losses is all the more painful given the powerful run the S&P 500 is on.
- InvestorPlace
HP News: HPQ Stock Drops on CEO Departure
Dion Weisler, the current CEO of HP (NYSE:HPQ), is going to be stepping down from this role at the start of November. The HP news release about Weisler's departure also includes information on the company's next CEO. Enrique Lores, the current President of the Imaging, Printing and Solutions business at HP, is going to be taking over for Weisler starting on Nov. 1.
- PureWow
Is My Ex-Husband Entitled to the Down Payment Money He Put into Our House?
Q: “My soon-to-be ex-husband earned a big chunk of money while we were living together, but before we were married. Then, we got married and used $60,000 of that money as a down payment on the home we bought and have lived in ever since, with both of us contributing toward the mortgage. Now, he has moved out and I'm still in the home with our kids.
- Bloomberg
Unrest in Hong Kong Is Long-Term Buy Signal, Says Elliot Wave’s Galasiewski
Mark Galasiewski, Asia and emerging market chief strategist at Elliot Wave, discusses the relationship between Hong Kong protests and stock prices and why he's saying now is a time to buy Hong Kong. He speaks on “Bloomberg Markets: China Open.
- Benzinga
Barron's Picks And Pans: Beyond Meat, Roku, 3M, Ulta Beauty And More
This weekend's Barron's offers ways to prepare portfolios to ride out the next decade. "How to Prepare Your Portfolio for the Worst When the Worst Is a Real Possibility" by Reshma Kapadia shows how financial advisors are beginning to prepare for some bad, but not unthinkable, "doomsday" scenarios. Should Microsoft Corporation (NASDAQ: MSFT) be in your doomsday portfolio?
- Bloomberg
The Machine David Koch Helped to Build ‘Will Endure’ After His Death
David Koch's death Friday marks the end of an era in the worlds of business, politics, philanthropy and high society. For Koch Industries, the conglomerate he helped his brother Charles transform into the second-largest privately held U.S. company, the founding family retains firm control as a generational shift takes hold. Nothing changes,” Koch spokeswoman Christin Fernandez said in an email.
- MarketWatch
10 retirement lessons from a retired retirement pro
For the better part of 40 years, I spent a great deal of time helping thousands of workers prepare for retirement. We ran seminars for workers and spouses on topics like retirement income, insurance, lifestyle, relocation and more. I think it's fair to say that, if someone took advantage of the programs offered, they would have been well prepared financially and emotionally for retirement.
- InvestorPlace
5 Healthcare Stocks to Buy for Healthy Dividends
Even better is that recent market volatility has sent many investors into healthcare stocks for their high cash flows and strong dividend potential. Many healthcare stocks have long been dividend champions — offering both high initial yields and overall strong dividend growth. For investors looking for income and the ability to keep that income rising over the long haul, healthcare stocks can't be beaten.
- Yahoo Finance
Negative interest rates are coming and they are downright terrifying
Yes, the U.S. ten year Treasury yields 1.59%, not close to 0%, but negative rates seem to be creeping ever closer. For instance, negative interest rates haven't come to U.S. corporate debt, but Euro-denominated bonds issued by the likes of blue-chips Apple (AAPL), McDonald's (MCD), and Pepsi (PEP) carry negative yields. And in Europe, it was postulated that negative rates would never fly in the consumer sphere in terms of banks paying back depositors less than they put in their savings accounts, but that's now changing.
- InvestorPlace
5 Top Stock Trades for Monday: ROKU, ACB, VMW, CRM, BA
There is too much love for the ROKU stock. Meanwhile, ROKU stock fell on Friday but there should be support down to 133 and $127 per share. Fundamentally, I've been a critic of Roku because they've been in business for 16 years and they still haven't figured out how to be sustainability profitable.
- Benzinga
10 Biopharmaceutical Companies Trying To Cure Cancer
A number of well-known global pharmaceutical giants such as AstraZeneca plc (NYSE: AZN), Pfizer Inc. NYSE: PFE), Roche Holdings AG Basel ADR (OTC: RHHBY) and Novartis AG (NYSE: NVS) are huge players. The difference between biopharmaceuticals and traditional pharmaceuticals is the method by which the drugs are produced.
- Bloomberg
China's Internet Companies Are Pushing Into Lower Tier Cities
Jessie Wang, co-founder and chief operating officer at Bigone Lab, discusses how her company analyzes data on consumer and tech companies and the trends she's seeing in the industry. She speaks to Bloomberg's Selina Wang on “Bloomberg Markets: Asia.
- InvestorPlace
4 China Stocks Getting Slammed as Trump Wages Currency War
Wall Street is getting hit hard on Friday after China announced overnight a new batch of trade tariffs on U.S. imports. President Donald Trump wasted no time responding, hinting on Twitter (NYSE:TWTR) that he is preparing to take action to stop the U.S. dollar's rise to record highs. As a reminder, China responded to Trump's last salvo of import tariffs with an aggressive weakening of their currency — which then caused the U.S. Treasury to label the country a currency manipulator.
- Investopedia
Yuan vs. Renminbi: What's the Difference?
Chinese currency is a hot topic these days for many reasons. Not only does it define the state of one of the world's biggest economic superpowers, but it is also central to one of the most debated issues involving China today—its perceived mercantilist policy of artificial undervaluation of its currency against the U.S. dollar to give its exports an unfair price advantage. In recent years, there has been a consensus among economists that the Chinese currency has been undervalued in the 15 percent to 40 percent range for many years.
- InvestorPlace
7 “Boring” Stocks With Exciting Prospects
Wouldn't it be nice in all this turmoil to have some stocks that will chug right along, growing their stock price and delivering solid dividend yields, most of which outpace inflation? American States Water (NYSE:AWR) is an interesting utility because it reaches across a couple lines of business. It's a company that manages water resources for over 80 communities in California, particularly around Los Angeles.
- FX Empire
Demand for Risk Plummets as Trump Orders US Manufacturers Out of China
After China retaliated with fresh tariffs and Fed Chairman Jerome Powell calmed the markets by seemingly opening the door to further rate cuts by saying the central bank stands ready to do what is necessary to support the record-long U.S. expansion on Friday, President Trump lit up the Twitterverse with a series of scathing tweets criticizing the Fed, Jerome Powell and China. But this time, he didn't stop there, he took action that triggered a steep break in the stock market, while spiking demand for safe-haven assets. Trump's Response to Powell's Speech After Powell's speech, Trump tweeted, “As usual, the Fed did NOTHING!
- MarketWatch
Jobs in America: Here’s the No. 1 highest paid, most in-demand job in every state
Software developers, physical therapists and physician assistants crop up frequently among the highest-paid and fastest-growing jobs in every U.S. state, according to a new analysis by CareerBuilder. The site analyzed government data to project the careers most likely to be lucrative and in demand. Most of these jobs require some level of college education.
- Investor's Business Daily
Six Reasons Why Nike Stock Is A 'Best Idea' Today And Tomorrow: Analyst
Nike has been named a "Best Idea" by investment bank Guggenheim, which cited its direct-to-consumer strategy and robust earnings among the key rationales. Analyst Robert Drbul is rating the athletic gear giant as a buy with a 100 target. Nike earnings have came in above analyst estimates in six of the past seven quarters.
- U.S.News & World Report
How the 8-Week Rule Affects Your Stock Investment Strategy
Trying to time the stock market is always problematic, as investors need to know when to get in and when to get out. The eight-week hold rule is a stock investment strategy that attempts to pinpoint the best time to sell the winners in a portfolio to maximize profits. "The basic rule is that if a stock breaks out of a base (i.e. a narrow range) where it's been trading for a while and gains 20% in three weeks or less, you should hold for at least eight weeks," says Ian Rayner, founder of Rayner Gobran.
- Barrons.com
Roku Is a Cord Cutter’s Dream. It’s Working for Investors, Too
Traditional pay-TV services are shedding subscribers because video streaming is more convenient, offers more choice, and, at least for now, a better value. As Netflix (ticker: NFLX), Apple (AAPL), (DIS) (DIS), (CMCSA)(CMCSA), and other heavyweights battle it out, the best way to play streaming is turning out to be upstart (ROKU) (ROKU). The company's combination of hardware and software enables consumers to watch content streamed over the internet.
- Barrons.com
How to Prepare Your Portfolio for the Worst When the Worst Is a Real Possibility
Doomsday scenarios don't have to come with the hype, speed, and spectacle of a Hollywood blockbuster. A relatively healthy U.S. economy, along with global central banks' willingness to cut interest rates, have allowed some measure of optimism, despite alarming headlines. “It's really the first time in seven or eight years that we are starting to meaningfully derisk across portfolios,” says David Carter, chief investment officer at Lenox Wealth Advisors, which oversees $2 billion.
- Reuters
Mexico posts record current account surplus as Trump China trade war bites
Mexico posted its largest current account surplus on record and the first in nine years, lifted by robust foreign trade with the United States as President Donald Trump waged a bitter tariff dispute with China, official data showed on Friday. In the second quarter, Mexico ran up a current account surplus of $5.143 billion, the biggest since current records began in 1980, and equivalent to 1.6% percent of gross domestic product (GDP), central bank figures showed. Mexico has this year become the top trading partner of the United States thanks to Trump's protracted feud with Beijing.
- FX Empire
Gold Price Prediction – Gold Breaks Out Following Trump Tweets
Gold prices surged higher on Friday in the wake of the Fed Chairs speech at Jackson Hole Wyoming and President Trump's tweet. President Trump reacted to the Chinese retaliating to the recent Trump threat of additional tariffs with specific tariffs on 75-billion dollars of goods that are exported to China. China specifically targeted cars and agricultural product which hurts people who live in red states.
