Category: random
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The Tell: Strong economy and stock market may lead Trump to ‘major miscalculation’, say JPMorgan analysts
The stock market has been mostly enjoying a uptrend, shaking off elevated tariff tensions between the U.S. and its global counterparts. However, JPMorgan Chase & Co. JPM, -0.96% analysts, led by cross-asset strategist John Normand, in a Sept. 21 note, say investors should brace for the possibility of a “major miscalculation” by President Donald…
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From hammers to hair clippers: How Trump’s trade war with China affects you
The Trump administration enacted new tariffs on $200 billion worth of Chinese goods effective Monday. The list includes clothes dryers, seafood, carpet, shampoo, hammers, and even gift wrap and dog leashes. China responded with tariffs on $60 billion of U.S. products, including frozen vegetables and aircraft. But China’s tariffs on U.S. goods are between 5%…
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Some people make sexist assumptions about what you buy at Starbucks
Are pumpkin spice lattes really mostly consumed by young women? Weirdly, that’s the internet myth. Maxwell Glick, an actor and YouTube GOOG, +0.62% performer based in Los Angeles, defies it. He looks forward to pumpkin spice lattes every single year. “It’s like a celebration,” he said. When Glick heard men are sometimes stigmatized for drinking…
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The Tell: Morgan Stanley upgrades emerging-market currencies as U.S. stocks outperform
Strategists at Morgan Stanley on Monday raised their rating on emerging-market currencies and bonds to neutral from negative, in part because they viewed global risks as more moderate than earlier projections. “We think this remains a difficult world for EM but we’ve likely adjusted enough for now. Most investors expect trade issues to escalate and…
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Currencies: Dollar weakness moderates as traders turn attention to Fed meeting
A slide in the U.S. dollar and a rally by its main rival, the euro, moderated toward the end of the New York trading session on Monday, and investors returned to focusing on this week’s Federal Reserve meeting, which is widely expected to deliver a rate increase. Earlier in the session, European Central Bank President…
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Time is running out for Sears, CEO warns
Sears is closing its last Chicago store Sears is running out of time to fix its problems, the CEO says. Eddie Lampert, who controls most of the company’s shares through his hedge fund, told the board on Monday that it must address “significant near-term constraints” in its cash position. He cited $134 million in debt…
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Google CEO: 'We do not bias our products to favor any political agenda'
Google CEO: Democracies should draw line on hate speech, not us Google CEO Sundar Pichai responded to reports that some staff had discussed tweaking search results to show a pro-immigration bias. “We do not bias our products to favor any political agenda,” he wrote in an email to Google employees. Pichai sent the note on…
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Michael Kors could buy Versace in $2 billion deal
Donatella Versace: A fashion icon ft. Lady Gaga Michael Kors might be about to snap up Versace. The US handbag maker is close to buying Versace in a deal that values the Italian fashion house at around $2 billion, according to Bloomberg. The deal could be announced as soon as this week. Versace declined to…
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CryptoWatch: Bitcoin prices may not have hit rock bottom yet, says Cboe options expert
Coming off the best week for digital currencies since late July, bitcoin, the world’s No. 1 digital currency, was trading marginally lower on Monday. In early action, a single bitcoin BTCUSD, -0.93% was changing hands at $6,588.19, down 1.3% since Sunday at 5 p.m. Eastern Time on the Kraken exchange, and off a late-Friday high…
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FA Center: How some companies manipulate share buybacks to inflate earnings
Not all company share-buybacks are created equal. Investors can gain a crucial advantage by taking this into account. And it takes surprisingly little effort to do so: less than 10 minutes of analysis whenever a monitored company reports earnings. These are the fascinating conclusions of new research into a type of buyback known as an…