- S&P 5003,005.70+0.26%
- Dow 3027,110.80+0.13%
- Nasdaq8,186.02+0.40%
- Russell 20001,578.29-0.40%
- Crude Oil58.83-0.86%
- Gold1,509.10-0.28%
- Silver18.09-0.28%
- EUR/USD1.1074-0.0111%
- 10-Yr Bond1.8120-1.58%
- Vix14.44-1.57%
- GBP/USD1.2503+0.0163%
- USD/JPY108.1060-0.0018%
- BTC-USD10,241.73-0.29%
- FTSE 1007,320.40-0.01%
- Nikkei 22522,001.32+0.06%
- Investing.com
Day Ahead - Top 3 Things to Watch
Investing.com - Here's a look at three things that could rock markets tomorrow. It's Fed Day and Suddenly a Rate Cut Is in Doubt The Federal Open Market Committee will announce its decision on interest rates tomorrow and what looked like a foregone conclusion at the start of the month has turned into a dead heat. There is now just a 53% chance that the Fed will cut rates by a quarter point to a range of 1.75% to 2%, according to Investing.com's Fed Rate Monitor Tool.
- FX Empire
Gold Price Forecast – The $1490 Level Is Critical
Intermediate corrections are natural. In gold, prices tend to bottom about every 6-months (give or take a month). The last low came in May.
- Bloomberg
An Army of Japanese Salarymen Is Rocking Global Currency Markets
Popular tales of “Mrs. Watanabe” -- the canny Tokyo housewife who dabbles in currency trading in between school runs and shopping -- barely begin to tell the story of Japan's retail traders in the foreign exchange market. With almost 800,000 active forex accounts, Japan boasts the world's most powerful force of retail traders.
- Bloomberg
The Simple Strategy Fueling the Rise of Bill Gates’s Fortune
That's helped Gates add $16 billion to his net worth this year, taking his wealth to $106 billion, behind only Jeff Bezos on the Bloomberg Billionaires Index, even as his charitable donations have topped $35 billion. The Gates fortune had about $60 billion of equity assets as of Monday, according to data compiled by Bloomberg. By comparison, the average family office portfolio in North America held about 32% of its assets in equities in 2018, according to Campden Wealth's 2018 global family office report.
- U.S.News & World Report
The High Cost of Long-Term Care Insurance (and What to Use Instead)
Long-term care insurance is coverage that will pay for assisted living, nursing home care or home health care in the event you are unable to care for yourself because of a chronic condition or disability. Long-term health insurance can be a smart purchase when you consider that 70% of those turning age 65 today will need some type of long-term care, according to the U.S. Department of Health and Human Services. For instance, according to the industry group American Association of Long-Term Care Insurance, a 65-year-old couple can purchase a policy for $4,800 per year that will give them base benefits of $180,000 plus 3% inflation growth.
- MarketWatch
Millennials share their retirement plans on Twitter — let’s just say it’s not good
See: This new 'Broke Millennial' book has secrets for young people who don't want to think about retirement There were many tweets about health-care as a barrier to a good retirement. One Twitter user said she'll never retire because she needs her employer-sponsored health insurance to pay for the insulin she needs to “stay alive. Another person said she could move to a country that provides basic health care to its citizens, which is not available in the U.S. (but has been discussed at length in the Democratic debates under “Medicare for All”).
- Barrons.com
Money-Market Rates Are Soaring. Here’s What It Means.
The interest rate's spike signaled an imbalance between the supply of bank reserves and Treasury securities—namely, an excess of Treasuries and a scarcity of reserves. To address that imbalance, the Federal Reserve broke out an old policy-implementation tool for the first time in years. The Federal Reserve Bank of New York said Tuesday morning that it would provide liquidity to dealers through overnight repo contracts for the first time in a decade.
- Bloomberg
Why Toyota Is Making a $391M Texas Truck Bet
Christopher Reynolds, Toyota North America chief administrative officer, manufacturing & corporate resources, discusses the manufacturer's investment in its Texas truck plant that will build its next-generation pickups, and the outlook for passage of the USMCA. He speaks on "Bloomberg Markets: European Close."
- Investor's Business Daily
What A Fed Rate Cut Wednesday May Mean For Dow Jones
Nerves are rising on Wall Street that the Fed meeting could disappoint on Wednesday. Expect the Fed to somewhat reluctantly live up to expectations. The Dow gains an average 20.3% in the year following the second Fed rate cut in a cycle, according to Ned Davis Research.
- InvestorPlace
The 9 Best Stocks to Buy for the Next Decade
That's what you call “pulling power,” and it's a big reason why AMZN stock will be a winner for the long haul and why it's a top stock to buy for the next decade. Apple (AAPL) You can say what you want about the iPhone maker's best days being behind it, but I have a feeling Apple (NASDAQ:AAPL) will continue to create products people want to buy for years to come. What these products are, I couldn't tell you … What I know is that Apple will continue to generate a huge amount of free cash flow to reward shareholders for their patience and loyalty.
- MoneyShow
Vanguard's Five Best Income Funds
Investing a portion of a portfolio across several funds from the same provider, such as the best Vanguard dividend funds, can offer investors protection from market fluctuations and deliver long-term returns, explains income investing specialist Ned Piplovic, editor of DividendInvestor. The lowest yield among these funds is 3.4% and each one of these funds has delivered a total return of more than 10% over the trailing 12 months. Additionally, four of these funds have also delivered double-digit percentage total returns over the past three and five years.
- Reuters
Oil plummets 6% as Saudi minister says supplies fully restored
Oil prices tumbled about 6% on Tuesday after Saudi Arabia's energy minister said the country has managed to restore oil supplies to where they stood before weekend attacks on its facilities shut 5% of global oil output. Saturday's attacks raised the specter of a major supply shock in a market that in recent months has been preoccupied with demand concerns and faltering global growth. Oil surged as much as 20% at one point on Monday.
- InvestorPlace
7 Stocks the Insiders Are Buying on Sale
One of the rules that the SEC has established to protect investors from this type of illicit activity is to require the insiders to publicly disclose when they are buying or selling their stock. When I am thinking about buying a stock, I always like to see what the insiders are doing.
- Yahoo Finance
Fed hits technical difficulty as it tries to regain control of rates
The Federal Reserve had a busy Tuesday morning as it hit technical difficulties in trying to wrestle control over interest rates. Overnight, borrowing costs surged as market participants scrambled for funding, pushing the effective federal funds rate to 2.25%, at the high end of the Fed's target range between 2.00% and 2.25%. Sustained [federal funds] pressure will likely raise questions about the Fed's ability to control money markets, especially as federal funds approach the upper end of the Fed's target range,” Bank of America Merrill Lynch wrote Tuesday morning.
- Bloomberg
Bill Gates Says Big Tech Companies Shouldn’t Be Broken Up
Microsoft Corp. Co-Founder and former Chief Executive Bill Gates discusses concerns that some lawmakers in Washington have that companies from Alphabet Inc. s Google to Facebook Inc.
- Investor's Business Daily
The Ultimate Warren Buffett Stock Is Closing In On Buy Zone: But Should You Buy It?
It is close to buy zone, but is Berkshire Hathaway stock a buy right now? Let's take a close look at the fundamental and technical performance of the ultimate Warren Buffett stock. Berkshire Hathaway is a conglomerate that owns some of the America's most famous firms.
- Yahoo Finance
Macy's is having a really awful year
Just when you thought it couldn't get any worse this year for the stumbling Macy's (M). Macy's revealed Monday evening that it has begun a search for a CEO to lead the 157 store-plus BlueMercury cosmetics chain. The brand's co-founder and Chief Operating Officer Barry Beck will leave the company on Sept. 20 to pursue an undisclosed new venture.
- Oilprice.com
War In The Middle East Is China’s Worst Nightmare
When President Donald Trump on Sunday said the United States was “locked and loaded” to respond to the drone attacks on Saudi oil infrastructure, many smelled war. In China, crude oil and refined product futures soared yesterday, as refiners rushed to stock up. China has pledged $400 billion in investments in Iran's oil, gas, energy infrastructure and transport industries over the next 25 years, Kenneth Rapoza noted in an article for Forbes yesterday.
- InvestorPlace
5 Great Dividend Stocks to Buy From the Tech Sector
When most investors hunt for dividend stocks, the technology sector is often not on their shopping list. As a result, tech stocks are seen as a strictly capital appreciation element for a portfolio. Tech stocks make for amazing dividend stocks.
- Investor's Business Daily
Marijuana Stocks Fall After This Pot Producer's License Is Suspended
Cannabis producer CannTrust on Tuesday said that the Canadian government has suspended it from selling cannabis, after more than two months of fallout resulting from the disclosure that it grew cannabis in unlicensed rooms. CannTrust stock plunged, and most marijuana stocks also fell. The pot producer said it had received a notice of license suspension that applied to sales and production operations.
- Investor's Business Daily
International Panel To Blast FAA's 737 Max Approval Process; Boeing Raises China Outlook
An international panel of air-safety regulators will blast the safety approval process for Boeing 737 Max jets, according to a new report. Meanwhile the Dow Jones stock has issued a forecast for aircraft demand in China. Boeing was virtually flat in Tuesday's stock market, still in a buy zone.
- MarketWatch
Oil prices need to go this high to push the global economy into recession
a barrel — that would probably be enough to put the global economy in recession,” says Steven Kopits, managing director of energy consulting firm Princeton Energy Advisors. Or, to be on the safe side, let's say the point to get really worried is when prices start surging toward $100. Despite the panicked headlines around the world, Monday's 13% spike in fuel prices left West Texas Intermediate crude oil , the U.S. benchmark, around $62 a barrel.
- Investor's Business Daily
Shopify Stock Falls After $600 Million Secondary Offering
Shopify plans to sell 1.9 million shares in a secondary offering, raising more than $600 million to strengthen its balance sheet and take on e-commerce giant Amazon.com. Shopify stock fell on the news Tuesday, but clawed back a bit. Canada-based Shopify said it sees "flexibility to fund its growth strategies" in the secondary offering.
- Investor's Business Daily
GE, Engine Rivals Eye Contest To Extend This Cold War Icon's Life
The Pentagon is about fire the starting gun on a race that should see General Electric, United Technologies and Rolls-Royce vie to put new engines on Boeing B-52 bombers. GE stock dipped. The Air Force is hoping to release a request for proposals (RFP) for new B-52 bomber engines by year end, Defense News said Monday. The contract could be worth $5 billion-$7 billion, if the Air Force replaces all engines on its fleet of 75 B-52s, which are having their service life extended.
- American City Business Journals
Bloom Energy stock nosedives on short-seller's report predicting company's demise
Shares of Bloom Energy Corp. plummeted as much as 25 percent Tuesday morning after short-seller Hindenburg Research published a report describing the San Jose-based fuel cell company as a “'clean' energy darling wilting to its demise.” Bloom shares closed at $3.31, down 21 percent. Nathan Anderson, Hindenburg's founder, wrote today that “we expect Bloom's 'too good to be true' story will find its place in history along the likes of defunct companies such as Solyndra and Theranos.” Solyndra, a Fremont-based manufacturer of solar panels, filed for bankruptcy in 2011 after prices for silicon used in competing panels fell. Theranos, a Palo Alto-based blood-testing startup once valued by private investors at $10 billion for what it touted as breakthrough technology, was charged in March 2018 with massive fraud by the Securities and Exchange Commission and founder Elizabeth Holmes was indicted three months later on federal wire fraud and conspiracy charges.
