• Oil Price Fundamental Daily Forecast –	Slight Rise Indicates Traders Downplaying Recession Concerns
    FX Empire

    Oil Price Fundamental Daily Forecast – Slight Rise Indicates Traders Downplaying Recession Concerns

    U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading better on Friday after gapping yesterday's close. At 08:09 GMT, October WTI crude oil is trading $55.15, up $0.73 or +1.38% and December Brent crude oil is at $57.90, up $0.56 or +0.98%. On Thursday, the U.S. reported that retail sales rose 0.7% in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, according to data that came a day after the 2-year/20-year U.S. Treasury yield inverted for the first time since June 2007 prompting a sell-off in stocks and crude oil.

  • Financial Times

    General Electric: held to account 

    Unfortunately for GE that someone may have arrived.  Harry Markopolos, an accounting expert best known for flagging Bernie Madoff's Ponzi scheme, claims GE has a $38bn gap in its accounts. First, GE has not fully accounted for losses related to its legacy US healthcare insurance liabilities. In addition, GE has yet properly to value losses related to selling down a holding in oilfield services provider Baker Hughes.

  • Weekend roundup: This may cause Trump to lose in 2020 | A recipe for a rising stock market | The best job

    Weekend roundup: This may cause Trump to lose in 2020 | A recipe for a rising stock market | The best job

    Here are must-read MarketWatch articles on investing and personal finance from the past week. This might end the period of very low interest rates (and Trump's presidency) Predictions of inflation are few and far between these days, but Peter Schiff of Euro Pacific Capital expects the Federal Reserve to cause a spike in inflation that will lead to President Trump's defeat in 2020. The impact of low interest rates on stocks Low and negative interest rates in the developed world will make for continual gains for the right stocks, according to Mark Mobius.

  • Walmart CEO calls for discussion on reauthorizing the ban on assault rifles

    Walmart CEO calls for discussion on reauthorizing the ban on assault rifles

    Walmart Inc. Chief Executive Doug McMillon said Thursday there should be a discussion about banning assault weapons in the U.S. McMillon made the comment as Walmart released fiscal second-quarter earnings, but neither he nor Dan Bartlett, Walmart's (WMT) executive vice president of corporate affairs who participated in a media call after the earnings were announced, offered specifics on Walmart's position on the issue. The retail giant has been at the center of a discussion on gun violence following the Aug. 3 mass shooting at an El Paso Walmart store and a shooting in Mississippi that killed two workers.

  • Fixed Income 'the Way to Go Right Now': UOB Private Bank

    Fixed Income 'the Way to Go Right Now': UOB Private Bank

    Francis Tan, investment strategist at UOB Private Bank CIO Office, discusses the opportunities he sees in the fixed-income markets, and the inversions in U.S. Treasury yields. He speaks with David Ingles and Yvonne Man on “Bloomberg Markets: Asia.

  • Benzinga

    Navistar Cuts Medium-Duty Truck Production In Ohio

    "Due to the cyclical nature of the business, we will be reducing line rates at our Springfield [Ohio] Assembly Plant," spokeswoman Lyndi McMillan told FreightWaves on Wednesday, August 15. The cutbacks are in Class 5-7 medium-duty trucks, whose industry-wide inventories are ballooning even as retail sales are up 6 percent year to date through June, according to ACT Research. The issue is a 30 percent increase in inventory – 55,400 unsold medium-duty trucks in June compared to 42,700 the same month in 2018.

  • Benzinga

    Wells Fargo Downgrades Evergy After Recent Rally

    Shares of Evergy Inc (NYSE: EVRG) have been on an uptrend since March, responding to strong results for two consecutive quarters, management's positive comments on synergies and capex and encouraging developments in the Sibley docket, according to Wells Fargo. Wells Fargo's Sarah Akers downgraded Evergy from Outperform to Market Perform while keeping the price target at $67. While Evergy seems to be moving in the right direction and the latest developments are positive, these are already reflected in the stock, following the recent run-up, Akers said in the downgrade note.

  • Car Stock Has Plenty Left in the Tank
    Schaeffer's Investment Research

    Car Stock Has Plenty Left in the Tank

    A big earnings winner last week was Carvana Co (NYSE:CVNA), which gapped higher by 25% -- its best day since June 2017 -- in the wake of better-than-expected second-quarter revenue. Fresh off that upbeat report and an Aug. 14 record high of $81.37, CVNA is flashing a bullish signal that indicates there's plenty of room for more upside, if history is any indicator. Diving in, implied volatilies on the equity are at historically low levels, per the stock's Schaeffer's Volatility Index (SVI) of 59%, which registers in the 10th percentile of its annual range.

  • Financial Times

    London court opens way to start $9bn clawback against Nigeria

    A UK judge has ruled that a small gas firm founded by two Irish businessmen can seize roughly $9bn in assets from the Nigerian government, the equivalent of about a fifth of the west African country's foreign reserves. The decision came in enforcement proceedings pursued in the London High Court by Process and Industrial Developments over an aborted 2010 gas processing plant project, for which it had been awarded $6.6bn in an arbitration case in January 2017. With interest of over $1m a day this has ballooned to over $9bn, or roughly 2.5 per cent of Nigeria's GDP.

  • The retirement crisis is bad for everyone — especially these people

    The retirement crisis is bad for everyone — especially these people

    The country is facing a retirement crisis, but some Americans are worse off than others. Workers in the top 20% of earnings distributions have half of all retirement wealth in both 1992 and 2010, compared with the bottom group, which saw its share fall from 3% to 1% between those years, a recent analysis at The New School's Schwartz Center for Economic Policy Analysis (SCEPA) found. The share of workers in the bottom fifth of the earnings distribution with no retirement savings jumped from 45% to 51% in those 18 years.

  • 30-year Treasury yield breaks below 2%

    30-year Treasury yield breaks below 2%

    U.S. Treasury yields fell sharply on Thursday as global economic growth concerns and trade fears stirred demand for government bonds. Remarks by a European Central Bank official also heightened expectations that the ECB would push for aggressive monetary easing measures in September. The 10-year Treasury note yield (BX:TMUBMUSD10Y) fell 6.2 basis points to 1.534%, its lowest since August 2016.

  • Here’s what smart rich people really do with their nest egg

    Here’s what smart rich people really do with their nest egg

    Most people think they're above average in intelligence, relationship status and professional achievement. Social scientists call this “illusory superiority.” My business partner Scott Puritz, has found the one area where even above-average people, objectively smart, rich, successful professionals, seem to wave the white flag and admit to not understanding — money and investing. “One of the most shocking things is the low-level financial literacy throughout our culture,” Puritz told the Washington Post.

  • 10 Best Stocks to Buy and Hold Forever

    10 Best Stocks to Buy and Hold Forever

    In a market environment that overwhelmingly encourages constant activity by investors who seemingly want to double their money every week, a discussion of stocks to buy and hold forever seems comically out of place. Conversely, the fact that Warren Buffett's favorite holding period is “forever” and how he's got a track record most investors would envy is just as telling. With that as the backdrop, here's a rundown of 10 stocks to buy and hold forever … or at least until something significant changes with your life plans or the companies themselves.

  • Reuters

    U.S. issues warrant to seize Iranian tanker off Gibraltar

    The United States has issued a warrant to seize an Iranian oil tanker caught in the standoff between Tehran and the West in a last ditch effort to prevent the vessel from leaving Gibraltar. The Grace 1 was seized by British Royal Marines at the western mouth of the Mediterranean on July 4 on suspicion of violating European Union sanctions by taking oil to Syria. Gibraltar lifted the detention order on Thursday after the British territory's chief minister said he had secured written assurances from Tehran that the cargo would not go to Syria.

  • The U.S. Treasury is about to flood the market with debt to fund a $1 trillion deficit. Here’s why that is a worry

    The U.S. Treasury is about to flood the market with debt to fund a $1 trillion deficit. Here’s why that is a worry

    There may be some limitations to the U.S. government's borrowing after all. An anticipated surge of U.S. borrowing in the global debt markets in the second half of this year is starting to create concern as Treasury is expected to ramp up its issuance of bills, notes and bonds to fund a soaring $1 trillion budget deficit. The U.S. government's budget gap has widened 27% compared to the first 10 months of fiscal 2018, as spending has risen 8% and receipts have grown by 3%.

  • MarketWatch

    This 31-year-old sold $700,000 of stuff online without buying any inventory and the one silver lining for the real-estate market in July

    My husband and I paid off $193,000 in debt — but we are still saving and have no life 'We don't have children, we don't travel, we don't see or experience many new things, and we don't have much of a social circle at all. of towns qualifying for the Little League World Series reveal an uncomfortable truth about organized sport The Little League World Series, which starts Thursday, celebrates Americana and youthful athletic glory. How one man spent $745 on flights to four continents — flying business and first class all the way He traveled across the Middle East, Australia, Southeast Asia and Europe.

  • Why Did JD.com and Alibaba Blow Past Estimates?

    Why Did JD.com and Alibaba Blow Past Estimates?

    Despite a trade war, the slowing domestic economy and brutally aggressive competition, China's largest e-commerce technology companies have reported earnings that beat highest analyst estimates. China's online retail sales industry has remained surprisingly resilient amid China's slowing economy and trade war concerns. Selina Wang reports on "Bloomberg Markets: Asia."

  • Barrons.com

    GE’s Insurance Reserves Were at the Heart of a Fraud Claim. Here’s What Goldman Sachs Has to Say.

    Two Wall Street analysts at (GS) collaborated on a (GE) research report and reached a meaningful conclusion. Analyst Joe Ritchie, who covers industrial stocks, and analyst Alex Scott, who covers the North American life insurance industry, published a report comparing General Electric (ticker: GE) insurance reserves to other insurers. Goldman's report followed the negative report from forensic accountant Harry Markopolos, which challenged many GE long-term care insurance accounting assumptions, among other issues.

  • 3 Stocks to Buy on Almost Any Dip

    3 Stocks to Buy on Almost Any Dip

    Yesterday the stock markets fell 3% on headlines, and that is always a time to find great stocks to buy on dips. The stock markets have been in headline trading mode for months. This week we got several reminders of that — and of how excellent homework can fall hostage to surprise headlines.

  • These 16 money wasters are why so many Americans can’t save for retirement

    These 16 money wasters are why so many Americans can’t save for retirement

    From the lofty perch of old age, and after a lifetime of thrift, I declare that I am qualified to comment on how not to waste money. We've all heard the reports: Most Americans live paycheck to paycheck, a large number can't come up with $400 for an emergency, and there's no money to save for retirement and other goals. Most of that data comes from surveys where people are, in effect, saying they don't have enough income.

  • Barrons.com

    The Federal Reserve Will Lower Interest Rates Again. Here’s How to Play It.

    Soft economic data and escalating trade tensions mean the Federal Reserve may be embarking on an easing cycle—not a mid-cycle correction—as it tries to keep the current expansion on track. For factor investors, it looks a lot like what's already been working. The Fed lowered interest rates by a quarter point at its July meeting, and now economists and market strategists are predicting more to come in September and possibly later this year.

  • Barrons.com

    What Wall Street Is Saying About Tapestry’s Sluggish Earnings

    Investors were disappointed by the company's fiscal fourth-quarter earnings report and outlook for fiscal-year 2020, sending the stock down 22% on Thursday. Tapestry owns the luxury brands Coach and Kate Spade. Analysts at Goldman Sachs, PiperJaffray, Credit Suisse, MKM Partners, Oppenheimer, and Telsey Advisory Group all lowered their bullish ratings on the stock to neutral ratings.

  • Barrons.com

    Wall Street Has Abandoned Oil and Gas Stocks. You Shouldn’t.

    Given long-term demand uncertainties facing the industry, energy companies of all sizes should be paying out dividends that are at least as good as the nearly 2% yield on the S&P 500, he says. Still, it is hard to find big fans of energy stocks, even among investors focused on the sector. That's understandable, given that energy is by far the worst-performing group in the S&P 500 over the past decade, with an annualized return of 4.4%, against 14% for the index.

  • Barrons.com

    Some Stocks Are About to Go Ex-Dividend. Here Are Some to Consider Buying.

    Whether the market hits another rough patch next week, there's one thing that is certain: Investors who buy a stock just before it goes ex-dividend are entitled to the next payout. Bespoke Investment Group compiled a list of 19 stocks in the S&P 1500 that are going ex-dividend on Monday. Buying shares before the market close on Friday entitles the purchaser to the next dividend payment.

  • Powell Expected to Seek Another Cut Despite Strong Spending

    Powell Expected to Seek Another Cut Despite Strong Spending

    The U.S. data pouring in supports Federal Reserve Chairman Jerome Powell's forecast of solid economic growth and higher inflation. While manufacturing output declined in the month, two regional Fed indexes for August came in higher than expected. “Prudent risk management would argue for a cut in September because of the downside risks from trade policy and a slowing global economy,'' said Ryan Sweet, head of monetary-policy research at Moody's Analytics Inc. “The incoming data will likely factor into whether or not they go 50 or 25 basis points in September.