• Dow Jones Futures: Will China Trade Deal Spur Stock Market Rally? Apple At Highs, Microsoft, Google, Nvidia Near Buys
    Investor's Business Daily

    Dow Jones Futures: Will China Trade Deal Spur Stock Market Rally? Apple At Highs, Microsoft, Google, Nvidia Near Buys

    Stock futures: Will the China trade deal spur the stock market to record highs like Apple? Microsoft, Google, Nvidia, Facebook, Visa are near buys.

  • Trade war pause, retail sales, bank earnings – What to know in the week ahead
    Yahoo Finance

    Trade war pause, retail sales, bank earnings – What to know in the week ahead

    The coming week’s docket of economic reports and earnings releases comes just following the Trump administration’s announcement of a partial trade deal with China late last week.

  • Nvidia Leads 5 Top Stocks Near Buy Points With China Trade Deal In Focus
    Investor's Business Daily

    Nvidia Leads 5 Top Stocks Near Buy Points With China Trade Deal In Focus

    Nvidia, Texas Instruments, Dollar General, Proofpoint and TJX are among top stocks clearing buy points Friday amid positive China trade deal headlines.

  • Financial Times

    Global regulators put pressure on Libra with enhanced scrutiny

    Facebook’s plans for a digital currency are coming under further pressure as global regulators step up their scrutiny of the troubled Libra project. In a letter to G20 finance ministers on Sunday, Randal Quarles, the head of the global Financial Stability Board, said that, with a “host of challenges” posed by global “stablecoins”, such as Libra, “possible regulatory gaps should be assessed and addressed as a matter of priority”. This, the letter said, created challenges including financial stability, consumer and investor protection, data privacy, money laundering, terrorist financing, fair competition, cyber security and tax evasion.

  • Financial Times

    Goldman and Morgan Stanley expected to suffer IPO earnings hit

    Earnings expectations for Morgan Stanley and Goldman Sachs have been sharply pared back ahead of this week’s results, after a torrid run of stock market listings and a slowdown in M&A activity weighed on investment banking performance. Analysts surveyed by Bloomberg have slashed their third-quarter earnings estimates for Goldman by more than 15 per cent in the Past four weeks, while their forecasts for Morgan Stanley have come down by almost 10 per cent.

  • Financial Times

    Brexit, US third-quarter earnings, Chinese economic data

    This will be a key week for Brexit because Boris Johnson will need to ask Brussels for an extension on the UK’s withdrawal from the EU under the terms of the Benn Act if parliament has not approved either a deal or no-deal exit by Saturday. The European Council meets in Brussels on Thursday and Friday, where any deal reached will need to be signed off. Mr Johnson’s team is believed to be drawing up plans to fudge the most controversial issue dogging negotiations with Brussels: whether Northern Ireland should be part of the EU customs union to avoid the need for a hard border with the Irish Republic.

  • Financial Times

    Bill Gates expresses regret over meetings with Jeffrey Epstein

    The world’s second-richest man said in a statement through a spokesperson that he recognised it was “an error in judgment” ever to have met Epstein, who committed suicide two months ago while facing charges of trafficking underage girls. This had given Epstein “an undeserved platform”. Mr Gates is among several prominent figures to have moved in recent weeks to distance themselves from Epstein, who cultivated a network of rich and powerful associates from business, academia, politics and royalty.

  • Microsoft looks like the ‘safest’ bet among big software stocks, says analyst
    MarketWatch

    Microsoft looks like the ‘safest’ bet among big software stocks, says analyst

    Sky-high valuations for software stocks necessitate a more defensive view of the industry, according to Jefferies analyst Brent Thill, and Microsoft Corp. shares look like the “safest” play.

  • Barrons.com

    Cut Your Housing Expenses to Boost Savings

    Research shows that more than four in 10 people who are saving a ton for retirement are slashing this essential expense.

  • For hedge funds, software-as-a-service stocks are the new FAANG
    MarketWatch

    For hedge funds, software-as-a-service stocks are the new FAANG

    Hedge funds have led a quiet rotation from consumer-facing tech shares into enterprise-software stocks

  • How do brokerage firms make money: Yahoo U
    Yahoo Finance

    How do brokerage firms make money: Yahoo U

    Yahoo Finance's Brian Cheung explains how brokerage firms make money amid their recent move to cut commissions.

  • TheStreet.com

    [video]Microsoft, Intel and Others Benefit from Better-Than-Expected Business PC Sales

    Though CPU shortages are still an issue for the PC industry, an uptick in business PC demand is helping out a number of firms.

  • Barrons.com

    Views on Microsoft, Bed, Bath & Beyond, Yeti, PayPal, and Others

    Also, analysts’ views on Bed, Bath & Beyond, New York Community Bancorp, Yeti, PayPal, and U.S. Bancorp

  • Facebook's Libra Loses Mastercard, Visa in Cascade of Exits
    Bloomberg

    Facebook's Libra Loses Mastercard, Visa in Cascade of Exits

    (Bloomberg) -- Facebook Inc.’s effort to create a cryptocurrency was dealt a blow on Friday after several key partners, including Mastercard Inc., Visa Inc., EBay Inc., Stripe Inc. and Mercado Pago, abandoned the project. The defections followed fierce criticism from global regulators and lawmakers, and have prompted some industry-watchers to question whether the Libra program can survive.The news comes days before the Libra Association, the group that will oversee the digital currency, prepares to convene its members and ask them to sign a charter agreement. The meeting is slated to take place on Monday in Geneva. A Libra Association spokeswoman said on Friday that the gathering will proceed as planned, and that it would announce the first list of official partners once a formal charter is signed.In a statement, the spokeswoman said the group was "focused on moving forward and continuing to build a strong association" as it worked to create "a safe, transparent, and consumer-friendly implementation of a global payment system that breaks down financial barriers for billions of people."When Facebook launched plans for Libra in June, a critical part of its pitch was that major players in the payments and tech industry were supporting it. The cryptocurrency would be run out of Geneva by the organizations that comprised the Libra Association, not solely by Facebook. But now that that alliance appears to be eroding, the project’s future is uncertain."I don’t think Facebook can do this by itself," said Michael Pachter, an analyst for Wedbush Securities told Bloomberg TV. "Short of a big bank stepping in like JPMorgan, I don’t think this could ever happen."In a tweet on Friday, David Marcus, the Facebook executive spearheading the effort, said that the exit of six partners would not derail the effort. "I would caution against reading the fate of Libra into this update," he wrote. "Change of this magnitude is hard. You know you’re on to something when this much pressure builds up."Whether or not Libra implodes, the exits highlight the extreme challenges that lie ahead for the project, which if successful could have a sweeping impact on the global financial system. "It may very well fail completely," said Lisa Ellis, an analyst at MoffettNathanson. Even if it survives, progress will take much longer and "it’s likely to fall into some level of obscurity," she added.Facebook has faced fierce backlash since the company announced plans for Libra. Politicians and regulators around the world have called on Facebook to halt its progress, and some have suggested Libra could be used for illegal money laundering or trafficking schemes.Despite the scrutiny from public officials and the exodus of partners, Facebook remains committed to Libra, according to a person familiar with the matter who asked not to be identified because they were not authorized to speak publicly. Some people inside the company think the defections are partly driven by established payments providers worrying about a new entrant encroaching on their turf, the person said.In the months since its announcement, Facebook has frequently found itself in the spotlight over the cryptocurrency. Marcus went to Washington in July to testify before Congress about Facebook’s plans. Later this month, Chief Executive Officer Mark Zuckerberg is scheduled to appear before the House Financial Services Committee to answer even more questions about Libra.Earlier this week, two U.S. senators cautioned Visa, Mastercard and Stripe to reconsider their involvement in the project. Senators Sherrod Brown of Ohio and Brian Schatz of Hawaii said that Libra poses a risk to not only the financial system, but the payments companies’ broader business. "We urge you to carefully consider how your companies will manage these risks before proceeding," they said a letter to the companies.Mastercard said in a statement that it will "remain focused on our strategy and our own significant efforts to enable financial inclusion around the world," adding, "We believe there are potential benefits in such initiatives and will continue to monitor the Libra effort." Visa said the company would also continue to evaluate whether to join in Libra in the future, and that the company’s "ultimate decision will be determined by a number of factors, including the Association’s ability to fully satisfy all requisite regulatory expectations."In a statement on Friday, EBay expressed its support for the project, but said it would focus on rolling out its own payments products. “We highly respect the vision of the Libra Association; however, eBay has made the decision to not move forward as a founding member,” an EBay spokesman wrote in the emailed statement. “At this time, we are focused on rolling out eBay’s managed payments experience for our customers."Payments giant Stripe, one of the most high-profile startups to sign onto the project, signaled it remained open to working on it in the future. “Stripe is supportive of projects that aim to make online commerce more accessible for people around the world. Libra has this potential,” said a company spokesperson. “We will follow its progress closely and remain open to working with the Libra Association at a later stage.”The Libra Association is composed of about two dozen organizations, including Facebook. A Lyft Inc. spokeswoman confirmed on Friday that the ride-hailing company remains a member. Other companies that have not signaled plans to leave include Uber Technologies Inc., Spotify Technology S.A., Coinbase Inc. and telecom providers Iliad SA and Vodafone Group Plc. PayPal Holdings Inc. dropped out last week. (Updates with David Marcus comment in 6th paragraph.)\--With assistance from Candy Cheng, Lizette Chapman, Spencer Soper and Lydia Beyoud.To contact the reporters on this story: Kurt Wagner in San Francisco at kwagner71@bloomberg.net;Julie Verhage in New York at jverhage2@bloomberg.net;Jenny Surane in New York at jsurane4@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Anne VanderMey, Robin AjelloFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Top Margin-Expanding Companies From the US and China
    GuruFocus.com

    Top Margin-Expanding Companies From the US and China

    Trump and Chinese officials reach first phase of landmark trade deal Continue reading...

  • Google’s $2.6 Billion Looker Deal Said to Get Closer DOJ Review
    Bloomberg

    Google’s $2.6 Billion Looker Deal Said to Get Closer DOJ Review

    (Bloomberg) -- U.S. antitrust enforcers have started an in-depth review of Google’s $2.6 billion planned acquisition of a data analytics company, a further sign of greater scrutiny on big technology companies, according to people familiar with the situation.The antitrust division of the Justice Department is seeking more information from Google and Looker Data Sciences Inc. related to the deal to determine whether the tie-up harms competition, said one of the people, who asked not to be named discussing private matters.Alphabet Inc.’s Google announced June 6 it planned to buy Looker for its cloud unit, which lags far behind Amazon.com Inc. and Microsoft Corp. with just 4% of the cloud-computing infrastructure market as of 2018, according to the most-recent figures from analyst Gartner Inc.The deal was expected to receive added regulatory scrutiny. The in-depth Justice Department review, known as a “second request,” comes as antitrust authorities start historic probes of Google and other large tech companies. One issue for enforcers is whether tech giants have used acquisitions of smaller firms to thwart rivals and cement their dominance. The U.S. Federal Trade Commission, which also enforces antitrust laws, is investigating whether Facebook Inc.’s purchases of Instagram and WhatsApp were anti-competitive.Representatives from Google, Looker and the Justice Department declined to comment.The Justice Department and a coalition of attorneys general made up of most U.S. states in the country have opened antitrust cases against Google. Those probes are mostly focused on the company’s dominant search and advertising businesses.Looker, closely held and based in Santa Cruz, California, provides tools that lets companies analyze their data stored in the cloud, a service that competes with offerings from Amazon and Microsoft. When Google announced the deal, its cloud chief, Thomas Kurian, said the company would continue to let Looker customers use other cloud providers. Google doesn’t share cloud sales.Google once spent lavishly on companies, dropping billions on device makers Motorola and Nest, as well as experimental tech like satellites and robots. More recently, the company’s acquisitions have mostly been relatively small deals in the cloud sector.It’s common for antitrust authorities to open in-depth investigations for sizable mergers, but more recently have faced criticism for allowing large tech companies to buy startups as a way to gain footholds in new markets. That charge has been aimed at Google after its takeovers of Waze, DoubleClick and YouTube. The Justice Department in July announced a broad antitrust review of the big internet platforms in search, social media and online retail.To contact the reporters on this story: Mark Bergen in San Francisco at mbergen10@bloomberg.net;Sarah McBride in San Francisco at smcbride24@bloomberg.net;David McLaughlin in Washington at dmclaughlin9@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, ;Sara Forden at sforden@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Barrons.com

    A Robo-Advisor Takes a New Approach to Active Investing

    A partnership between Betterment and Dimensional Fund Advisors blends active and passive investing with a new technology.

  • Overstock.com (OSTK) Stock Sinks As Market Gains: What You Should Know
    Zacks

    Overstock.com (OSTK) Stock Sinks As Market Gains: What You Should Know

    Overstock.com (OSTK) closed at $10.67 in the latest trading session, marking a -1.66% move from the prior day.

  • Bloomberg

    Trade Deal Is ‘Game Changer’ for Tech Stocks, Wedbush Says

    (Bloomberg) -- The partial U.S.-China trade agreement is a “game changer” for technology stocks, at least according to one analyst.The deal announced by President Trump in the last hour of trading on Friday points to “brighter days” in relations between the two countries and makes it unlikely the U.S. will follow through with the more than $160 billion in tariffs slated to take effect Dec. 15, Wedbush Securities analyst Daniel Ives said. Concerns around those tariffs have resulted in a 10% to 15% discount on U.S. technology stocks by his estimation and the removal could “unleash a ‘risk on’ scenario” into year-end.Technology stocks had rallied throughout Friday’s session on speculation that some form of trade agreement was near. The shares pared some of those gains as investors realized that several of the thorniest issues, including those related to Huawei Technologies Co., remain unresolved. Huawei, which was blacklisted earlier this year, is a major buyer of U.S. electronic components.The late pullback wasn’t enough to prevent Apple Inc. from closing at a record and overtaking Microsoft Corp. as the world’s most valuable company. Greater China accounted for about 17% of Apple’s revenue in the fiscal third quarter and is home to a key portion of its supply chain. The Philadelphia semiconductor index also notched a 2.3% gain for the session, its best performance in a month.To contact the reporter on this story: Jeran Wittenstein in San Francisco at jwittenstei1@bloomberg.netTo contact the editor responsible for this story: Catherine Larkin at clarkin4@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Facebook Q3 2019 Earnings Preview: Time to Buy FB Stock?
    Zacks

    Facebook Q3 2019 Earnings Preview: Time to Buy FB Stock?

    Let's take a look at what investors need to know about Facebook and some of its Q3 estimates to help us determine if FB stock might be worth buying before the social media company reports its Q3 2019 earnings results...

  • MarketWatch

    EBay, Mastercard, Stripe will exit Facebook's Libra, following PayPal

    EBay Inc. , Mastercard Inc. , and Stripe said Friday that they were withdrawing from Facebook Inc.'s Libra cryptocurrency project, joining PayPal Holdings Inc., which announced its plan to leave a week earlier. "Mastercard has decided it will not become a member of the Libra Association at this time," the company said in a statement. "We remain focused on our strategy and our own significant efforts to enable financial inclusion around the world." Mastercard said it would continue to monitor the progress of the Libra effort. An eBay spokesperson said that while the company respects "the vision of the Libra Association," the e-commerce giant won't be continuing as a founding member. "At this time, we are focused on rolling out eBay's managed payments experience for our customers," the spokesperson said. A Stripe representative said that the company will follow Libra's progress "closely" and it remains "open" to working with Libra in the future. Facebook has declined to comment. Facebook shares are off 8.5% over the past three months, while the S&P 500 has dropped 1%.

  • Stripe, eBay, Mastercard and Visa quit Facebook's Libra
    Decrypt

    Stripe, eBay, Mastercard and Visa quit Facebook's Libra

    Libra could use a hug, but it probably just wants a payments partner.

  • ETF Trends

    Financial Sector ETFs May Not Like What’s Coming in This Earnings Season

    With Wall Street banks to kick off the upcoming earnings season, financial sector exchange traded fund investors shouldn’t keep their hopes too high as many expect weak results following the round of interest ...

  • Why AMD Stock Could Surge after Its Q3 Earnings
    Market Realist

    Why AMD Stock Could Surge after Its Q3 Earnings

    Some options traders are actively betting that AMD stock will rise after the company reports its Q3 earnings at the end of October. Let's look closer.

  • Stocks to buy on trade deal, earnings - Kramer
    Reuters Videos

    Stocks to buy on trade deal, earnings - Kramer

    JPMorgan Chase and 3M are among a list of stocks investors should consider buying ahead of the start of earnings season next week and a potential U.S.-China trade deal, Kramer Capital Research's Hilary Kramer tells Reuters' Fred Katayama