StockMarketNews.Today – Here are the top five things you need to know in financial markets on Monday, October 8.
JPMorgan Chase is planning layoffs in its mortgage division weeks after Wells Fargo announced its own mortgage cuts.
StockMarketNews.Today – JPMorgan Chase Laying Off About 400 Mortgage Employees
Chase, one of the biggest home lenders, is cutting employees in Florida, Ohio, Arizona.
The Trump administration aims to step up trade talks with other countries, using its new pact with Canada and Mexico as a template to redefine rules on everything.
StockMarketNews.Today – Trade Representative Robert Lighthizer called the new North American trade deal a “paradigm-shifting model” of American policy that sends a tough message to U.S. trade partners, who are preparing for contentious negotiations arising from the new approach.
China is planning to sell $3 billion in U.S. dollar bonds this month, wooing foreign investors at a time of heightened trade tensions with the U.S. and turbulence in its own stock market.
StockMarketNews.Today – The offering is coming at a delicate time for the world’s second-largest economy. China’s gross-domestic-product growth is slowing and the pace of investment in factories and public-works projects has cooled this year.
U.S. Stocks Open Higher on Central Bankers’ Upbeat Views.The Dow Jones Industrial Average and S&P 500 were on track to make a run at fresh records.
StockMarketNews.Today – The Dow Jones Industrial Average and S&P 500 were on track to make a run at fresh records Wednesday as investors weighed upbeat comments on the U.S. economy from central-bank officials and looked ahead to Friday’s jobs report.
StockMarketNews.Today – According to a new SEC filing, Buffett is sitting on $55 billion in cash through his company Berkshire Hathaway. This is highly unusual behavior from a man often called “the world’s greatest investor.”
Tencent Music Entertainment Group on Tuesday filed to go public in the U.S., kicking off what will likely be one of the biggest technology IPOs to date.
Tencent Music revealed sharp growth in its Tuesday filing, with revenue more than doubling in 2017 to $1.66 billion. About 70% of revenue came from its social entertainment services, including online karaoke, live streaming and sales of merchandise. It posted a profit of $199 million in 2017, up from roughly $2 million a year earlier.
Sales of beverages in PepsiCo Inc.’s home market returned to growth in the latest period, breaking a streak of four consecutive quarters of declines.
StockMarketNews.Today – PepsiCo’s North American beverages segment rose 2% for the quarter, reversing a slump since the third quarter of 2017.
IPO Market: Money-losing companies are going public at a record rate as investors hunger for new issues.
StockMarketNews.Today – Stock investors are welcoming money-losing companies into the public markets this year with open arms.
StockMarketNews.Today – U.S. futures and the Canadian dollar pushed higher at the start of the final quarter after the U.S. and Canada reached a last-minute deal late Sunday night to revise the North American Free Trade Agreement.
Boeing should move forward with its planned new mid-sized aircraft (NMA) soon, argues Morgan Stanley, even if it elevates near-term risk.
StockMarketNews.Today – A new smaller offering would make Boeing more competitive and better positioned in the long run, says Morgan Stanley.
StockMarketNews.Today – While the weak debut is disappointing for the bank, it also poses a challenge for Hong Kong Exchanges & Clearing Ltd., which has positioned itself as the international gateway to China’s markets. While Meituan jumped on its first trading day this month, IPOs such as Xiaomi and China Renaissance have represented a more typical pattern this year, with newly listed stocks falling 6.7 percent on a weighted-average basis.
Facebook News: Facebook disclosed a widespread security flaw that could have allowed hackers or other malicious third parties to access an affected user’s account by gleaning their security token.
StockMarketNews.Today – The flaw affected as many as 50 million people, and Facebook says it’s forcibly making around 90 million users log back into their accounts in full today to be safe. The company says around 40 million additional people simply used the exploitable feature since the exploit was active.
China is being forced to retaliate against the United States in their trade dispute, and U.S. exporters including suppliers of liquefied natural gas would “certainly” be hurt, said Chinese vice commerce minister Wang Shouwen.
StockMarketNews.Today – The United States and China imposed fresh tariffs on each other’s goods on Monday as the world’s two biggest economies showed no signs of backing down from an increasingly bitter trade dispute that is expected to hit global economic growth.
7 Defensive Top Stocks That Are Crushing The Market > There’s been a dramatic shift in investor behavior recently, vaulting defensive sectors such as telecom and consumer staples into market leaders.
StockMarketNews.Today – Defensive sectors such as telecom and consumer staples are generally considered to be safe havens for investors, partly given their track records of steadily rising dividends
StockMarketNews.Today – Report by the Wall Street Journal that China had canceled mid-level trade talks with the United States, as well as a proposed visit to Washington by vice premier Liu He originally scheduled for next week.