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Monthly Archives: October 2019

‘No reason to own’ in the near term, says wealth manager

It is not Tesla’s time. So says Mark Tepper, president and CEO of independent wealth management firm Strategic Wealth Partners, as Tesla shares continue their monthslong losing streak. The electric car maker’s stock fell by nearly 5% on Thursday following a downgrade from JMP Securities, which cited weakening demand. On …

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Credit Karma has high-yield savings earning over 20x the average

Credit Karma, known for offering consumers access to free credit scores, is jumping into the high-yield savings game. The company announced Thursday that it will start offering consumers the option to open a high-yield savings account and manage their funds through its app and website. Credit Karma’s new savings option, …

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Market outlook tomorrow: Jobs report, Powell, Trump

An auto worker places the mileage sticker onto a 2015 Chevrolet Malibu at GM’s Fairfax assembly plant in Kansas City, Kansas May 4, 2015. Dave Kaup | Reuters Here are the most important things to know about Friday before you hit the door. 1. September jobs report The government’s monthly …

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Banksy’s chimp-depicting Devolved Parliament sells for over $12 million

FILE PHOTO: Sotheby’s staff pose for a photograph with Banksy’s ‘Devolved Parliament’ which has an estimated value of 1.5-2 million British pounds in a forthcoming sale in London, Britain September 27, 2019. REUTERS/Simon Dawson LONDON (Reuters) – A large Banksy painting depicting primates sitting in Britain’s parliament sold for more …

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Gauguin, Gauguin, Gone – Tahiti painting to be auctioned in Paris in December

A man takes a picture of Paul Gauguin’s “Te Bourao II” (The Purao Tree) painting (1897) at Artcurial’s auction house in Paris, France, October 3, 2019. REUTERS/ Christian Hartmann NO RESALES. NO ARCHIVES PARIS (Reuters) – A painting by French post-impressionist painter Paul Gauguin is to be sold in Paris …

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Friday’s jobs report should show hiring is slowing, but not that a recession is near

Hiring is slowing, but the September employment report should be just solid enough — and not reflect anything near the onset of a recession. But investors will be picking over the report, which is a signal for the health of both businesses and the consumer, to see where the weakness …

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Traders make bullish bets on Costco, but downside risks may be brewing

Betting on Costco could cost you, according to one expert. The wholesale giant’s stock got a wave of bullish bets in Wednesday’s trading session as options traders put money on their positive outlook for the company’s earnings report, scheduled for after Thursday’s closing bell. Call option activity — bets that …

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Options traders look for signs of life earnings focus turns Costco

Ahead of Friday’s jobs report, one of the best ways to gauge the health of the U.S. consumer may be through the performance of some of the big consumer staples names. As investors look for clues as to where the markets could be heading next, this week’s slate of earnings …

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2-year Treasury yield falls to lowest level since Sept. 2017

The yield on the benchmark 2-year Treasury note slumped to its lowest level in more than two years on Thursday as a weaker-than-expected report on the strength of the U.S. services sector fueled Wall Street’s concerns of a slowdown in the domestic economy. The Institute for Supply Management’s Thursday report …

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Bank of America says this is a ‘make or break’ quarter for Netflix

Netflix Co-founder, Chairman & CEO Reed Hastings attends a Q&A during a Transatlantic Forum in Lille, France. Sylvain Lefevre | Getty Images Netflix’s upcoming earnings results will show whether it’ll be able to compete with new rival platforms from Disney, Apple and others, according to Bank of America Merrill Lynch. …

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