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Monthly Archives: October 2019

The stock market comeback is another ‘failure’ as chart analysts grow worried

The fourth quarter got off to a rocky start as recession fears hit stocks, and technical analysts are warning that there could be more downside ahead. Stocks are poised to open Wednesday’s trading day in the red, which would be an acceleration of Tuesday’s sharp losses. The Dow fell 344 …

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Banksy takes aim at British life in suburban ‘homewares’ shop

Original artworks by British artist Banksy form part of an installation inside a shop front, ahead of an online sale, in Croydon, Britain October 1, 2019. REUTERS/Peter Nicholls LONDON (Reuters) – Banksy has set up a “homewares” store in a south London suburb, displaying politically-provocative pieces such as the Union …

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Oppenheimer likes aerospace and defense stocks as other industrials sink

Industrials have been crushed this week. The XLI industrials ETF plummeted more than 2% on Tuesday, its worst one-day drop since August, after ISM manufacturing activity contracted to its lowest level in more than a decade. The group is down but not out, Oppenheimer head of technical analysis Ari Wald …

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For Frieze, There’s No Place Like London

For art fairs, location is destiny. The organizers of Frieze London and Frieze Masters — twinned events taking place near each other in Regent’s Park from Thursday to Sunday — have capitalized on London’s role as a market hub and cultural center. Then they seized opportunities to expand to New …

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Speech and Violence Collide in ‘The Topeka School’

From the first pages, it’s clear the story will hinge on an act of violence. We see Darren handling the weapon, a billiard ball: “Long before the freshman called him the customary names, before he’d taken it from the corner pocket, felt its weight, the cool and smoothness of the …

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Stock Market outlook for tomorrow: ADP jobs, auto sales

Workers assemble cars at the newly renovated Ford’s Assembly Plant in Chicago, June 24, 2019. Jim Young | AFP | Getty Images Here are the most important things to know about Wednesday before you hit the door. 1. Important September jobs data We’ll get a first reading on the strength …

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Dow drops to start Q4, but market history says it is for the bulls

Recession red flags are weighing on the stock market, and if you go back a year, fourth quarter 2018 was a painful one for investors. But there is at least one historical reason to remain positive on stocks as the year’s final quarter starts: It’s been the quarter with the …

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Here’s a map of the Forever 21 stores set to close

Forever 21 on Tuesday released a list of the nearly 200 locations it could potentially close as part of its bankruptcy proceedings. When the apparel retailer filed for bankruptcy on Sunday evening, it said it had 549 stores in the U.S. and 251 locations internationally. The planned closures represent about …

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US manufacturing survey contracts to worst level in a decade

A gauge of U.S. manufacturing showed the lowest reading in more than 10 years in September as exports dived amid the escalated trade war. The U.S. manufacturing Purchasing Managers’ Index from the Institute for Supply Management came in at 47.8% in September, the lowest since June 2009, marking the second …

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Elizabeth Warren’s rise has some analysts uneasy on health care, tech

Presidential candidate and U.S. Senator Elizabeth Warren (D-MA) speaks at a campaign rally at Keene State College in Keene, New Hampshire, September 25, 2019. Brian Snyder | Reuters Sen. Elizabeth Warren’s recent surge has some on Wall Street predicting she will unseat former Vice President Joe Biden as the Democratic …

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