Author: super@dmin
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Why the ‘Amazon effect’ on house prices may be muted in the chosen HQ2 cities
As Amazon AMZN, +0.92% closes in on selecting the location for its second headquarters, experts say property speculators to tread carefully. The company is reportedly in late-stage discussions with communities in Crystal City, Va., just outside Washington, D.C., and Long Island City, N.Y. to build its second headquarters, The Wall Street Journal reported Monday. The…
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Outside the Box: Why the Federal Reserve won’t please investors this week
Federal Reserve policy makers on Thursday will announce its decision on interest rates, and although most economists don’t expect an increase this time, almost everyone expects a heated debate. Wall Street is expecting push back against the current policy directive of gradually raising rates through 2019 — if economic data continue to support that directive.…
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Deep Dive: Here’s how to easily reduce your investment risk just at the right time
Investors are often told to diversify and choose low-cost index funds or exchange traded funds (ETFs). Still, the S&P 500 Index is weighted by market capitalization and a volatile October emphasized how much risk was concentrated at the top. So what’s an investor to do? Mike Lowengart, E-Trade’s vice president for investment strategy, outlined ways…
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Credit.com: Equifax somehow managed to regain public trust
What is your greatest fear about the digital age we live in? For many people, it is the fact that so much of their information is stored online. All you have to do is look around the various social media platforms and you will see people posting things that they wouldn’t normally so freely share…
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Capitol Report: Michigan embraces recreational use of marijuana as Arkansas, Missouri back minimum-wage hikes
Both Arkansas and Missouri backed initiatives to raise the minimum wage, as voters in 37 states decided on 155 statewide ballot measures. In other voting on state issues, Missouri voters were projected to support the legalization of medical marijuana, and Utah voters also appeared to be backing such a measure, according to early unofficial results.…
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Asia Markets: Asian markets higher as investors keep eye on U.S. midterm elections
Asian stock markets were largely higher in early trading Wednesday after an up-and-down morning as U.S. midterm election results came in. Dow Jones Industrial Average futures YMZ8, +0.19% rose as it appeared likely Democrats would control the House while Republicans extended gains in the Senate. Amid thin trading volumes, Japanese stocks yo-yoed as U.S.…
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The Tell: Pimco believes a ‘blue sweep’ in midterms would boost chances for an infrastructure bill
In the event of a “blue sweep” in the midterm elections, many analysts argue that investing sentiment will turn sour as expectations for further fiscal stimulus wanes. But Wall Street is at risk of underestimating the earnestness of Democrats to push for an infrastructure bill, according to Libby Cantrill, head of public policy for Pacific…
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HSBC customer accounts compromised in data breach
Add HSBC to the long list of financial institutions whose customer data has have been compromised. Some U.S. customers of HBSC HSBC, +0.22% were alerted their accounts had been compromised in a letter dated Nov. 2. Less than 1% of the bank’s U.S. customers were affected by the breach, the company confirmed to BBC on…
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Economic Outlook: Square earnings: Amid CFO’s exit, confidence boost is needed
Square Inc. remains one of tech’s highest fliers this year, but shares have taken a beating recently amid economic concerns and the impending departure of the company’s very visible chief financial officer. That puts even more pressure on the company’s third-quarter earnings report, which is expected Wednesday after the market closes. Square SQ, +3.07% shares…
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Making partner: Career progression at Goldman Sachs
Midterm elections aside, there’s another big round of promotions taking place in the U.S. this week, with Goldman Sachs set to announce its latest class of partners. Goldman GS, -0.23% went public in 1999, meaning its partners — its highest-ranking staff — were no longer on the hook for losses, as they’d been in the…