Amazon and other big tech stocks are being crushed: Here's the simple explanation

Reality continues to rain down on formerly high-flying big tech stocks. Sales growth in 2019 will probably be less explosive than 2018. Blame slowing user growth at the likes of Facebook or more competition for Amazon from the increasingly digitally savvy Target – the fact is the sales growth environment for big tech is taking a turn for the worse.

Hedge-fund boss who predicted ‘87 crash says get ready for some ‘really scary moments’

‘From a markets perspective, it’s going to be interesting. Paul Tudor Jones, a hedge-fund luminary, said he’s stress-testing his portfolio of corporate debt because he expects a tumultuous road ahead on the back of the Federal Reserve’s apparent commitment to normalizing interest rates and buttressed by corporate tax cuts from the Trump administration. Speaking at an economic forum in Greenwich, Conn., a hotbed for hedge funds, Jones said the Fed faces real challenges amid “the end of a 10-year run” of economic growth that many anticipate will soon come to a screeching, cyclical end.

Watch out for these 10 ‘retirement killers’

There are plenty of things that can ruin a person’s retirement plans — divorce, illness, job loss, overspending. A recent study has revealed for the first time the 10 biggest causes of financial regret among those who have retired or are near to retirement. The survey was conducted by researchers from the RAND Corporation and the Max Planck Institute in Munich, Germany.

We could be in a bear market, but this expert sees opport...

Traders Joe Terranova, Steve Weiss, and Jon and Pete Najarian are joined by Yana Barton, portfolio manager at Eaton Vance, to discuss tech dragging stocks down into a bear market.

Fat lady isn’t singing bull market’s swan song—‘but if you listen closely you can hear her warming up’, says strategist

Wall Street analyst Michael Arone offers a fitting encapsulation of how market participants are perceiving this latest downdraft, with tech-heavy Nasdaq Composite Index (COMP)deepening its slide in correction territory—defined as a decline from a recent top of at least 10%— the Dow Jones Industrial Average (DJIA) sinking more than 500 points at its lows, and the S&P 500 index (SPX) declining by 2%.

American Airlines pilots seek new contract negotiations

The airline signed a five-year contract with its pilots in early 2015 after exiting Chapter 11 bankruptcy, providing immediate pay raises of 23 percent and subsequent annual increases of three percent. American's emergence from bankruptcy in 2013 by merging with US Airways created the largest airline by passenger traffic in the world, yet overall compensation still lags that of rivals Delta Air Lines and United Airlines , a spokesman for Allied Pilots Association (APA) told Reuters. The union, which represents 15,000 American Airlines pilots, said "it's time" to move beyond the labor contract borne out of bankruptcy, to pursue a revised agreement amid booming demand for air travel.

• American Airlines pilots ask carrier to start negotiations for a new contract

  Reuters
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  American Airlines pilots union to open contract negotiations in January

  American City Business Journals

PG&E Falls After Reporting Second Power-Line Failure in Fire

A circuit in Concow, Butte County, failed at about 6:45 a.m. on Nov. 8, the utility said Friday in a filing. The California Department of Forestry and Fire Protection, known as Cal Fire, collected equipment on that circuit and “has secured a location near PG&E facilities,” the company said. The stock, which fell 8 percent at 9:33 a.m., has been on a roller-coaster ride over the past week, falling 46 percent between Monday and Thursday, then gaining 38 percent on Friday after a state regulator said he didn’t want to see the utility slide into bankruptcy.

• California Wildfires Could Mean Big Losses for PG&E

  Motley Fool
• PG&E reports another outage on morning when Calif. fire started

  Reuters

The 5 Best Tech Stocks to Buy for 2019—When Facebook and Google Are Cheap

“Unless someone convinces me that all of us are going to go back to TVs and radios, I still think digital advertising is a place where the growth will continue,” says Melda Mergen, deputy global head of equities for Columbia Threadneedle Investments. Facebook, for one, is trading at its lowest valuation ever, just 19 times earnings—about the average of the S&P 500 and half as expensive as it was a year ago. “This may end up being one of the last buying opportunities,” says Dan Chung, CEO and CIO of Fred Alger Investments, who owns both stocks.

Dow closes down nearly 400 points as tech losses batter stock market

The main equity benchmarks saw losses accelerate in morning trade after a report showed home-builders’ confidence plummeted in November. U.S. financial markets will be closed Thursday for the Thanksgiving Day holiday. The tech-heavy Nasdaq Composite Index (COMP)  led the markets lower, closing down 219.4 points, or 3%, to 7,028.48.

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  Would You Eat a Hot Cheetos Turkey?

  The Cut
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  The Thanksgiving Tale We Tell Is a Harmful Lie. As a Native American, I’ve Found a Better Way to Celebrate the Holiday

  Time

Bridgewater's Dalio Expects Low Returns for a 'Very, Very Long Time'

Nov.19 -- Ray Dalio, founder at Bridgewater Associates, says years of low interest rates and quantitative easing have squeezed most of the returns out of U.S. assets. He speaks with Bloomberg Opinion columnist Barry Ritholtz at the Bloomberg Opinion Masters in Business event. Ritholtz's opinions are his own.

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  Thanksgiving travel: More than 4 million people driving for the holiday

  KABC – Los Angeles
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  Stock Slump to Extend to Asia as U.S. Tech Sinks: Markets Wrap

  Bloomberg

Nissan to oust Ghosn after arrest for alleged financial misconduct

Ghosn is also chairman and chief executive of Nissan's French partner Renault and his departure will raise questions about the future of the alliance. Nissan said an internal investigation, triggered by a tip-off from a whistleblower, had revealed that Ghosn engaged in wrongdoing including personal use of company money and under-reporting for years how much he was earning. Nissan CEO Hiroto Saikawa said too much power had been concentrated on Ghosn, one of the best known figures in the global car industry and a rare foreign executive who enjoyed corporate superstar status in Japan for reviving the ailing Japanese brand.

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  Nissan accuses chief Ghosn of misconduct, proposes firing him

  AFP
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  Japan Scapegoats Nissan Boss Carlos Ghosn in Overdue Corruption Crackdown

  The Daily Beast

Wall Street tumbles as Apple, internet stocks swoon

U.S. stocks dropped and the Nasdaq fell 3 percent on Monday as investors dumped Apple, internet and other technology shares, further shaking confidence in a group of stocks that has propelled the long bull market. Conflicting signals over the state of play between the United States and China on their trade dispute added to caution in the market. Shares of Apple Inc (AAPL.O) fell after the Wall Street Journal reported the company had cut production orders in recent weeks for all three iPhone models launched in September.

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  Apple, trade woes sink stocks; growth worries drag on dollar

  Reuters
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  Why Did Wall Street Downgrade Apple Stock This Month?

  Market Realist

The poster child of bull-market excess just dimmed the prospects of the broader stock market

Investors ought to pay attention to the changing character of the U.S. stock market. Investors may want to prepare now and fine-tune their skills for a different kind of market. Please click here for the chart of money flows in 11 popular technology stocks.

Apple cuts production orders for all three new iPhone models: WSJ

A lower-than-expected demand for the new iPhones and Apple's decision to offer more models has made it difficult to anticipate the number of components and handsets the company needs, according to the WSJ report https://www.wsj.com/articles/apple-suppliers-suffer-as-it-struggles-to-forecast-iphone-demand-1542618587. Apple shocked investors a few weeks ago with a sales forecast for the Christmas quarter below Wall Street expectations, prompting certain suppliers to issue warnings that pointed to weakness in new iPhone sales. Screen maker Japan Display Inc cut its full-year outlook citing weaker smartphone demand, while British chipmaker IQE Plc said it expects a material reduction in its financial performance in the current year.

• Apple’s Decision to Stop Disclosing iPhone Sales May Backfire as Company Reportedly Slashes Production

  Variety
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  Apple reportedly cuts iPhone XR orders amid unexpectedly slow demand, shares tumble

  American City Business Journals