6.7 C
New York
Friday, March 29, 2024

Market Moving News

 

Financial Markets and Economy

Markets Face Three Big Geopolitical Risks This Week (Bloomberg)

Investors hoping for the return of market volatility should be careful what they wish for this week, with geopolitical risks looming.

CHART: Traders are scaling back their bets looking for US dollar strength (Business Insider Australia)

It captures net speculative positioning in the US dollar in relation to major currencies such as the euro, Japanese yen, UK pound, Swiss franc and commodity currencies like the Australian, New Zealand and Canadian dollars.

Iron ore prices ripped higher on Friday after plunging earlier in the week (Business Insider Australia)

Spot prices jumped on Friday while Chinese futures held onto earlier gains on Friday evening.

According to Metal Bulletin, the spot price for benchmark 62% fines jumped by 3.25% to $57.79 a tonne on Friday, partially reversing a 4.32% drop in the previous two sessions.

Bank Stocks Are Now Cheaper Than Before Trump Was Elected (The Wall Street Journal)

It’s like the rally never happened. Bank stocks are now cheaper, relative to the market, than they were before the election, as investor giddiness over tax reform and financial deregulation hits a political reality in which neither seems all that likely.

Here's what could happen to America's hundreds of dead malls (Business Insider)

As one of the first postwar suburban shopping centers in the US, the Northgate Mall in northern Seattle defines classic mall architecture.

London Stock Exchange shouldn't bend rules for $2tn Saudi flotation (The Guardian)

Roll up, roll up, who wants some lovely Saudi dosh that would arrive with a stock market listing in London of Saudi Aramco, the enormous state-owned national oil company? Almost every investment banker and corporate lawyer in town, obviously.

Investors would rather feel good about themselves than make money (Market Watch)

Financial planners have an even harder job than we thought when trying to persuade their clients to invest in, and then stick with, the stock market.

China completed the world’s biggest floating solar energy farm (OilPrice.com)

Images of the Beijing smog and millions of people wearing masks to be able to breathe are among the more dramatic depictions of air pollution caused by excessive industrialization. Now that China is turning away from industrial manufacturing and towards services, it is focusing on remedying some of the damage already done.

3 Charts That Suggest Gold Stocks Are Headed Higher (GLD, GDX) (Investopedia)

Gold and the related precious metals appear to have turned a corner based on bullish price action in recent trading sessions. Commodities of all types have struggled to outperform other market segments in recent weeks due to investor interest in risk and yield.

MARKET SNAPSHOT: Stock Market Bracing For Potentially The Stormiest Stretch Of Trading This Year (Dow Jones Newswires)

The stock market could face its most turbulent week of trading so far this year, with a trio of potentially destabilizing events on deck: former FBI director James Comey's testimony, the U.K. election, and the ECB monetary-policy meeting.

At $75,560, housing a prisoner in California now costs more than a year at Harvard (Los Angeles Times)

Gov. Jerry Brown’s spending plan for the fiscal year that starts July 1 includes a record $11.4 billion for the corrections department while also predicting that there will be 11,500 fewer inmates in four years because voters in November approved earlier releases for many inmates.

Bulls sitting on major gains in RH (Investitute)

Furniture company RH plummeted more than 25 percent the end of last week, but quick option traders have already booked large profits on upside positions after recognizing that the selloff was overdone.

Global Publics More Upbeat About the Economy (Pew Research Center)

Nearly a decade after the worst economic downturn since the Great Depression, economic spirits are reviving. Many Europeans, Japanese and Americans feel better today about their economies than they did before the financial crisis.

Companies

BlackBerry Is Firing On All Cylinders (Bank On Insight, Seeking Alpha)

As many SA readers are aware, BlackBerry (NASDAQ:BBRY) has a storied history. Once the leader in mobile devices, BlackBerry looked as if it was headed for bankruptcy as recently as 2015.

Apple's app store downloads are soaring (The Motley Fool)

As Apple's iPhone sales growth leveled off in recent years, management has been attempting to shift investor attention toward the tech giant's rapidly growing services segment.

Gilead: A Strong Bet For Income (Individual Trader, Seeking Alpha)

It's not strange to see sentiment in Gilead (NASDAQ:GILD) stock down near its annual lows at present. Although the company got a quick respite before its first quarter earnings when the stock surpassed $68 a share, unfortunately for Gilead bulls the trending downward move seems to have gotten underway once again which means $60 a share now seems a foregone conclusion. 

Texas Instruments: Automotive Investment Play (Roman Luzgin, Seeking Alpha)

Texas Instruments (NYSE:TXN) has been a well-performing stock over the last year, with a 34% growth over the year. In Q1 2017, the company reported 13% revenue increase year over year, and one of the main drivers was strong demand in the automotive industry.

Disney World Finds Another Way Into Your Wallet (The Motley Fool)

It's not just perpetually rising ticket prices that make a trip to Disney World more expensive these days. Late last week, Disney (NYSE:DIS) began offering preferred parking in two of the surface lots at its Disney Springs shopping and entertainment complex.

Pacific Crest Is Concerned About iPhone 8 Expectations (Forbes)

Apple shares are down about 1% today to $154 in a lackluster market largely due to Pacific Crest’s Apple analyst, Andy Hargreaves, downgrading Apple to Sector Weight and recommending investors trim their positions. 

Apple Stock Just Got Downgraded, And It Deserves It (Fortune)

Even as Apple's stock keeps soaring to heights that you think would worry Wall Street, the analyst community by and large keeps touting its stock as a terrific buy. But on June 4, Apple suffered a rare downgrade, from Andy Hargreaves of tech-focused research firm Pacific Crest Securities.

AMC Entertainment: A Fundamentally Strong Company In A Misunderstood Industry (Alex Alario, Seeking Alpha)

AMC Entertainment (NYSE:AMC) is the #1 movie theater chain in the US, Europe, and worldwide. After its recent acquisitions of the Odeon & UCI Cinemas Group (2016), Carmike Cinemas (2016), and Nordic Cinema Group (Q1 2017), the company now operates 11,225 screens (50% more than the next largest competitor) and 1,072 theaters in 15 countries.

A Foolish Take: What's Next for Las Vegas' Top Casino Companies? (The Motley Fool)

Las Vegas Sands (NYSE:LVS), the biggest casino operator in the world, was the first to notice that shift, and it now controls the heart of Macau's Cotai Strip. Its Vegas-based rivals Wynn (NASDAQ:WYNN) and MGM Resorts (NYSE:MGM) played catch-up over the past decade, but they still generate far less revenue from Macau than Sands, which owns the Venetian, Parisian, Sands Cotai, and Four Seasons properties in Cotai.

Costco: Why Shares Will Disappoint (Stock Market Sherpa, Seeking Alpha)

Costco Wholesale Corporation (NASDAQ:COST) is a difficult company to dislike. I shop there fairly frequently and always find the products it carries to be of high quality. Costco's return policy is outstanding and the location nearest where I live is always packed.

Technology

IBM Shows The World How To Build A Super Dense 5-Nanometer Chip (Forbes)

Two years after IBM created the world's first 7 nanometer chip, the company said it has now developed a breakthrough process to build an even more densely-packed chip at 5nm.

WSJ Ends Google Users' Free Ride, Then Fades in Search Results (Bloomberg)

After blocking Google users from reading free articles in February, the Wall Street Journal’s subscription business soared, with a fourfold increase in the rate of visitors converting into paying customers. But there was a trade-off: Traffic from Google plummeted 44 percent.

Apple introduces iOS 11 (Tech Crunch)

iOS 11 was the least surprising announcement of WWDC. Apple has announced new versions of its mobile operating system at its developer conference for years. While the final version of iOS 11 won’t be available until September, here’s what Apple has in store for you with iOS 11.

Apple test hints that iOS 11 will be the end-of-life for outdated, 32-bit applications (Tech Crunch)

Ahead of Apple’s Worldwide Developer Conference today, and the expected announcement of iOS 11, the company briefly removed older, 32-bit iOS applications from appearing in the App Store’s search results.

Apple HomePod speaker favors sound over Siri (Tech Crunch)

Apparently Apple knows Siri kinda sucks, because it was the last thing mentioned in the unveiling of the new HomePod speaker. That’s why it’s dumpily named as a successor to the iPod, not Apple’s old-but-unwise voice assistant.

What to Look Out for at WWDC 2017 (Lindsey Weber, Flipboard)

Monday kicks off Apple’s annual developer conference, WWDC, in San Jose, California. While meant for developers, Apple often announces big updates to its iPhone operating system and new products—which also get consumers excited.

Roomba creator wants to do for gardens what he did for your floors (Engadget)

Let's be honest: while planting your garden can be fun, weeding it usually isn't. Not unless you enjoy crouching down for long stretches, anyway. You might not have to endure the drudgery for too much longer, though. 

How Europe's biggest economy is uniting its tech hubs to dethrone Silicon Valley (The Next Web)

Silicon Valley is by far the most successful tech hub on the planet.

However, European and Asian cities have started gaining on the startup mecca — so much so, that you could even say Europe has become better than SV.

Twitter's Pro-Trump Bot Crisis Is Really A Human Crisis (Buzz Feed News)

On May 30th, Empty Lighthouse Magazine published an article with an alarming headline: “Why Did Trump Get Millions Of Twitter Bots To Follow Him This Week?” The story, which was picked up by dozens of publications including Newsweek and Perez Hilton claimed that the President’s personal account gained 5 million followers in just a few days — many of them fake, automated accounts, or bots.

How to Prepare the Next Generation for Jobs in the AI Economy (Harvard Business Review)

Most of us regard self-driving cars, voice assistants, and other artificially intelligent technologies as revolutionary. For the next generation, however, these wonders will have always existed. AI for them will be more than a tool; in many cases, AI will be their co-worker and a ubiquitous part of their lives.

Steam brings virtual reality to macOS (Engadget)

Mac platforms have been too underpowered for virtual reality, requiring Apple diehards to bootstrap Windows for a ramshackle VR solution. But today at its annual WWDC conference, Apple announced an in-house solution: A Thunderbolt 3 GPU enclosure powered by AMD Radeon processors and a software seed in the new version of macOS.

Politics

Warner calls reports about Trump 'very, very troubling' (Politico)

Sen. Mark Warner declined to say Sunday whether allegations that President Donald Trump has attempted to influence the ongoing investigation into his campaign’s relationship with Russia could, if proved true, qualify as an obstruction of justice, but he said “it would be very, very troubling.”

Democratic Republic of Congo teeters on edge of ‘catastrophe’ (The Globe And Mail)

When he writes his court rulings, Justice Emile Dhekana buys his own paper, pens, staples and carbon-copy sheets. Then he asks for a cash payment from whichever side will win the ruling.

Top-Secret NSA Report Details Russian Hacking Effort Days Before 2016 Election (The Intercept)

RUSSIAN MILITARY INTELLIGENCE executed a cyberattack on at least one U.S. voting software supplier and sent spear-phishing emails to more than 100 local election officials just days before last November’s presidential election, according to a highly classified intelligence report obtained by The Intercept.

Theresa May urged not to suppress report into funding of jihadi groups (The Guardian)

Jeremy Corbyn and Tim Farron have challenged Theresa May over a long-delayed inquiry into foreign funding and support of jihadi groups in the UK, after the Home Office suggested the investigation may not be published.

Vladimir Putin on Dinner With Michael Flynn: ‘I Didn’t Even Really Talk to Him’ (NBC News)

Russian President Vladimir Putin claims that he had limited personal interaction with former U.S. National Security Adviser Michael Flynn, when asked by NBC's Megyn Kelly in an exclusive interview about the nature of their relationship — and a widely circulated December, 2015 photo that shows the two sitting next to each other at dinner during an event to celebrate Russian TV network RT (Russia Today).

Post-ABC poll: Nearly 6 in 10 oppose Trump scrapping Paris agreement (The Washington Post)

Most Americans oppose President Trump’s decision to withdraw from the Paris climate agreement, with a majority saying the move will damage the United States’ global leadership, according to a new Washington Post-ABC News poll.

U.S. top court again faults North Carolina on voting rights (Reuters)

The U.S. Supreme Court on Monday faulted North Carolina again in a racially tinged voting rights case, upholding a lower court's ruling that Republican lawmakers mapped state legislative districts in a way that diluted the clout of black voters.

Health and Biotech

Diabetes Is Linked To This Invasive Gut Bacteria (International Business Times)

While genetics and environmental factors such as diet both contribute to type 2 diabetes, the exact cause remains unknown. However, new research suggests the chronic condition may also be linked to bacteria attacking the mucus lining of the colon.

Life on the Home Planet

Gunman 'singled out' victims in Orlando shooting spree (CNN)

The gunman in Monday's fatal shooting spree at an Orlando, Florida, business targeted his victims and had a "negative relationship" with at least one of them, according to law enforcement.

Bob Dylan Delivers His Nobel Prize Lecture, Just in Time (NY Times)

After Bob Dylan was named the winner of the Nobel Prize in Literature last October, the literary commentariat wrestled with a fundamental question: Can song lyrics be literature? For some, the thought carried an unkind implication: Does something from the galaxy of pop music belong anywhere near the almighty pantheon of Great Lit?

Box Office: 'Pirates 5' Sails Past $500M Worldwide, 'Baywatch' And 'Alien' Crumble (Forbes)

Walt Disney's Pirates of the Caribbean: Dead Men Tell No Tales took a hard 65% tumble in weekend two, earning $22 million over the Fri-Sun frame. That gives the Johnny Depp pirate adventure a $114.6m ten-day total.

 

1 COMMENT

Subscribe
Notify of
1 Comment
Inline Feedbacks
View all comments

Stay Connected

157,450FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

1
0
Would love your thoughts, please comment.x
()
x