Markets and Economy
New Study Shows Dramatic Impact of Employee Ownership on Economic Well-Being
Wed, 18 Oct 2017 15:05:00 GMT

Oakland, California, Oct. 18, 2017 (GLOBE NEWSWIRE) --

Ayanna Banks works for the waste management company Recology, and she has an answer to what makes a good job: "Recology is a 100% employee-owned company. That means a lot, because we can look forward to a great retirement, and they have outstanding benefits for employee-owners and their families." Ayanna's story is part of a striking pattern highlighted in a new research report: employee-owners are more likely than other workers to rise toward the middle class.

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The research, conducted by Nancy Wiefek, Ph.D., of the nonprofit National Center for Employee Ownership, uses data on workers ages 28 to 34 from the US Bureau of Labor Statistics. It found that employee-owners had 92% greater median household net worth than non-employee-owners. They also had 33% higher income from wages, more job security (53% longer tenure at their current jobs), and strikingly better employee benefits.

The pattern of ...

Full story available on Benzinga.com

IBM shares head for biggest gain in eight years
Wed, 18 Oct 2017 14:55:58 GMT
(Reuters) - Shares in International Business Machines Inc surged 9 percent on Wednesday after it beat expectations on revenue and gave an outlook that hinted one of the world's first big computing names was back on a growth track after six years in retreat.
Allergan ruling casts doubt on tribal patent strategy
Wed, 18 Oct 2017 14:43:25 GMT
(Reuters) - A U.S. judge’s ruling on Monday invalidating Allergan Plc's patents on its blockbuster $1.5 billion dry-eye medicine, Restasis, has cast doubt on the company's novel strategy to enlist a Native American tribe to help shield those patents from challenge by generic drugmakers, legal experts said.
'The housing market can't take the shock of a natural event,' real estate economist warns
Wed, 18 Oct 2017 14:43:00 GMT
Given the acute construction labor shortage, reconstruction and its repercussions in residential real estate could be yet another disaster.
Australian News Releases For Evening Traders
Wed, 18 Oct 2017 14:38:12 GMT

Some traders find themselves limited in trading time because of a day job or other pressing responsibilities. For those time-strapped traders in the U.S., it may be beneficial to consider trading news as it is released on the other side of the world. On October 18, at 8:30 PM EST, Australia will release four news reports dealing with Employment. They include, from least to most impactful:

  • Employment Change
  • Unemployment Rate
  • Participation Rate
  • Full Employment change

While these reports vary in importance, all of them can have an effect on the market that can then open opportunities for trading. Of course, the markets to look at would be anything that includes AUD, such as AUD/USD or AUD/JPY.

With any news release, the direction the market will move is ultimately unknown. Therefore, It is a good ...

Full story available on Benzinga.com

The Most Common Risk Ratios Used In Financial Analysis
Wed, 18 Oct 2017 14:21:45 GMT

Risk ratios. They’re at the core of every financial analysts’ research. And while there’s far too many of them for most non-finance people to use on a consistent basis, it could at least help to know how the most common risk ratios are used.

There are tools available to quickly plug in a ticker or chart and get a particular risk calculation. One such tool available for those looking for quick and comprehensive insight into a stock’s risk profile is a widget on the stock research platform FinanceBoards. The website’s Company Risk Ratio widget provides users 15 risk ratio calculations on a stock just by entering in the ticker. Below, we’ve uses Costco Wholesale Corporation (NASDAQ: COST) as an example.

screen_shot_2017-10-18_at_9.54.09_am.png
Data as of 8/18/17

While some of these ratios, such as alpha, beta, upside potential and possibly even things like the Sharpe and Modigliani ratios might be familiar. But chances are good that the majority are entirely unfamiliar. For the benefit of the perplexed, we’ll run through a few of these ratios and what ...

Full story available on Benzinga.com

RBNZ May Hike Rates Earlier Than Markets Expect: Capital Economics
Wed, 18 Oct 2017 14:18:46 GMT
The modest rise in headline and underlying price pressures in the third quarter suggest that interest rates may increase a little bit earlier than the Reserve Bank of New Zealand's current suggestion of sometime late in 2019, Paul Dales, an economist at Capital Economics, said.
Finding Value In An Unloved Sector
Wed, 18 Oct 2017 14:18:44 GMT

As the historic bull market in U.S. stocks runs on, concerns about valuations continue to grow. Broadly speaking, finding sector-level value among U.S. stocks is increasingly difficult.

If exchange traded funds dedicated to the value are seen as accurate gauges, the sectors with the most compelling value propositions at the moment are energy and financial services. Focusing on energy, that's the worst-performing sector in the S&P 500 this year and earnings growth estimates for the group have recently been pared in dramatic fashion.

Still, a case can be made that ETFs such as the $1.1 billion iShares Dow Jones US Energy Sector (ETF) (NYSE: IYE) currently offer investors value. IYE is down 8 percent year-to-date, but the ...

Full story available on Benzinga.com

Mid-Morning Market Update: Markets Mostly Higher; Abbott Tops Q3 Views
Wed, 18 Oct 2017 14:11:46 GMT

Following the market opening Wednesday, the Dow traded up 0.44 percent to 23,097.85 while the NASDAQ declined 0.06 percent to 6,619.39. The S&P also rose, gaining 0.04 percent to 2,560.26.

Leading and Lagging Sectors

Wednesday morning, the financial shares surged 0.32 percent. Meanwhile, top gainers in the sector included Interactive Brokers Group, Inc. (NASDAQ: IBKR), up 6 percent, and Northern Trust Corporation (NASDAQ: NTRS), up 5 percent.

In trading on Wednesday, basic materials shares fell 0.27 percent. Meanwhile, top losers in the sector included KMG Chemicals, Inc. (NYSE: KMG), down 3 percent, and Coeur Mining Inc (NYSE: CDE) down 3 percent.

Top Headline

Abbott Laboratories (NYSE: ABT) posted better-than-expected earnings for its third quarter.

Abbott posted quarterly adjusted earnings of $0.66 per share on revenue of $6.8 billion. However, analysts expected earnings of $0.65 per ...

Full story available on Benzinga.com

Dow opens above 23,000, powered by IBM
Wed, 18 Oct 2017 14:06:34 GMT
(Reuters) - The Dow Jones Industrial Average opened above 23,000 for the first time on Wednesday, powered by IBM, which hinted at a revival in its growth after six years in retreat.
U.S. bankers hold onto hopes that Trump will boost profits
Wed, 18 Oct 2017 14:05:10 GMT
NEW YORK (Reuters) - Top U.S. bankers are still hoping that President Trump's administration will make policy changes to boost profits, but made clear in public comments in recent days that they are not seeing any signs of progress so far.
Rising seas threaten nearly $1 trillion worth of US homes, and most are moderately priced: Zillow
Wed, 18 Oct 2017 14:02:00 GMT
More than $900 billion worth of U.S. residential real estate could be lost, a new report says.
Techweek to Ring The Nasdaq Stock Market Closing Bell
Wed, 18 Oct 2017 14:00:00 GMT

ADVISORY, Oct. 18, 2017 (GLOBE NEWSWIRE) --

What: 
Techweek, the world's largest community-driven tech platform to support tech entrepreneurship across the world, will visit the Nasdaq MarketSite in Times Square.

In honor of the occasion, Techweek New York 2017 and Amanda Signorelli, CEO of Techweek, will ring the Closing Bell. 

Where:
Nasdaq MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio

When:
Wednesday, October 18, 2017 – 3:45 p.m. to 4:00 p.m. ET        

Techweek Contact:
Cory Zielke
(847) 494-2881
Cory@motionpr.net

Nasdaq MarketSite Media Contact:
Emily Pan
(646) 441-5120
emily.pan@nasdaq.com

Feed Information:
Fiber Line (Encompass Waterfront): 4463

Gal 3C/06C 95.05 degrees West
18 mhz Lower
DL 3811 Vertical
FEC 3/4
SR 13.235
DR 18.295411
MOD 4:2:0
DVBS QPSK

Social Media:
For multimedia features such as exclusive content, photo postings, status updates and video of bell ceremonies, please visit ...

Full story available on Benzinga.com

PDL Community Bancorp (Nasdaq: PDLB) to Ring The Nasdaq Stock Market Closing Bell
Wed, 18 Oct 2017 14:00:00 GMT

ADVISORY, Oct. 18, 2017 (GLOBE NEWSWIRE) --

What: 
PDL Community Bancorp (NASDAQ:PDLB) will visit the Nasdaq MarketSite in Times Square.

In honor of the occasion, Executive Chairman Steven Tsavaris and President and CEO Carlos Naudon, will ring the Closing Bell. 

Where:
Nasdaq MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio

When:
Thursday, October 19, 2017 – 3:45 p.m. to 4:00 p.m. ET

PDL Community Bancorp Contact:
Frank Perez
917-536-5022
frankperezcfo@yahoo.com

Nasdaq MarketSite Media Contact:
Emily Pan
(646) 441-5120
emily.pan@nasdaq.com

Feed Information:
Fiber Line (Encompass Waterfront): 4463

Gal 3C/06C 95.05 degrees West
18 mhz Lower
DL 3811 Vertical
FEC 3/4
SR 13.235
DR 18.295411
MOD 4:2:0
DVBS QPSK

Social Media:
For multimedia features such as exclusive content, photo ...

Full story available on Benzinga.com

New ETF has robots pick investments
Wed, 18 Oct 2017 13:49:48 GMT
The AI Powered Equity Exchange-Traded Fund , which launched in the United States on Wednesday, will use IBM Corp's Watson artificial intelligence technology to pick several dozen stocks with...
Branson says Alaska Air castrated Virgin America: ‘I don’t normally take these things lying down’
Wed, 18 Oct 2017 13:40:00 GMT
Billionaire Richard Branson is not putting the sale of Virgin America to Alaska Air behind him.
The same federal lawmakers who regulate Amazon are wooing the company in the race for HQ2
Wed, 18 Oct 2017 13:31:00 GMT
Democrats and Republicans in Congress are warring to snag the jobs and investment that might come from HQ2, Recode reports.
Uptick Network Interviews Sunworks CEO
Wed, 18 Oct 2017 13:30:00 GMT

Roseville, CA, Oct. 18, 2017 (GLOBE NEWSWIRE) -- Sunworks, Inc. (NASDAQ: SUNW), a premier provider of high performance solar power solutions for agriculture, commercial, industrial (ACI) and residential markets, today announced that Chuck Cargile, Chief Executive Officer, was a featured guest on the Uptick Network Stock Day Podcast.

The Uptick Network Podcast is a stock focused program hosted by Everett Jolly that provides business insights into under followed micro-cap companies.  The podcast interview may be accessed by clicking here or the following link: https://upticknewswire.com/featured-interview-ceo-chuck-cargile-of-sunworks-inc-nasdaq-sunw

About Sunworks
Sunworks, Inc. (NASDAQ:SUNW) is a premier provider of high performance solar power systems. We are committed to quality business practices that exceed industry standards and uphold our ideals of ethics and safety. Sunworks continues to grow ...

Full story available on Benzinga.com

UPDATE – Cathay General Bancorp (Nasdaq: CATY) to Ring The Nasdaq Stock Market Opening Bell
Wed, 18 Oct 2017 13:20:06 GMT

ADVISORY, Oct. 18, 2017 (GLOBE NEWSWIRE) --

What: 
Cathay General Bancorp (NASDAQ:CATY), the holding company for Cathay Bank, a California state-chartered bank, will visit the Nasdaq MarketSite in Times Square in celebration of Cathy Bank's 55 year anniversary.

In honor of the occasion, Dunson K. Cheng, Executive Chairman, will ring the Opening Bell. 

Where:
Nasdaq MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio

When:
Wednesday, October 18, 2017 – 9:15 a.m. to 9:30 a.m. ET         

Cathay General Bancorp Media Contact:
Rex Hong
(626)-279-3255
Rex.hong@cathaybank.com

Nasdaq MarketSite:
Emily Pan
(646) 441-5120 
emily.pan@nasdaq.com

Feed Information: 
Fiber Line (Encompass Waterfront): 4463

Gal 3C/06C 95.05 degrees West
18 mhz Lower
DL 3811 Vertical
FEC 3/4
SR 13.235
DR 18.295411
MOD 4:2:0
DVBS QPSK

Social Media: 
For multimedia features such as exclusive content, photo postings, status updates and ...

Full story available on Benzinga.com

BioForce Nanosciences Holdings, Inc. (BFNH) Moves Forward With Uplifting Requirements for OTCQB, Aggressively Pursues Take Over Targets
Wed, 18 Oct 2017 13:15:00 GMT

VIRGINIA BEACH, Va., Oct. 18, 2017 (GLOBE NEWSWIRE) -- BioForce Nanosciences Holdings, Inc. (OTC:BFNH) announces its pursuit to uplift the Company's tradable common shares onto the OTCQB at OTCMARKETS.COM.

The Company hired new accountants, PCAOB auditors and a securities law firm to assist on the necessary financial disclosures and other related requirements for uplift,

Full story available on Benzinga.com

U.S. Housing Starts Slump To Lowest Level In A Year In September
Wed, 18 Oct 2017 13:14:44 GMT
With Hurricanes Harvey and Irma disrupting new residential construction in the South, the Commerce Department released a report on Wednesday showing a substantial decrease in housing starts in the month of September. The Commerce Department said housing starts plunged by 4.7 percent.
U.S. housing starts hit one-year low in September
Wed, 18 Oct 2017 13:14:00 GMT
WASHINGTON (Reuters) - U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South, suggesting housing probably remained a drag on economic growth in the third quarter.
Ford to recall about 1.3 million vehicles in North America
Wed, 18 Oct 2017 13:11:45 GMT
The No.2 U.S. automaker said the safety recall is due to frozen door latch or a bent or kinked actuation cable in the affected vehicles, that may result in a door not opening or closing.
Health insurer Anthem takes pharmacy business in house, taps CVS to help
Wed, 18 Oct 2017 13:03:00 GMT
Health insurer Anthem says it will start managing its billions of dollars of patient prescriptions itself in 2020.
Adesto Technologies to Announce Third Quarter 2017 Financial Results on November 8
Wed, 18 Oct 2017 13:00:00 GMT

SANTA CLARA, Calif., Oct. 18, 2017 (GLOBE NEWSWIRE) -- Adesto Technologies Corporation (NASDAQ:IOTS), a leading provider of application-specific, ultra-low power non-volatile memory products, today announced it will release third quarter 2017 financial results on Wednesday, November 8, 2017, after the market closes. Narbeh Derhacobian, chief executive officer, and Ron Shelton, chief financial officer, will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the financial results.

Date: Wednesday, November 8, 2017
Time: 2:00 p.m. Pacific Time (5:00 ...

Full story available on Benzinga.com

Foot Orthotic Insoles Market in North America to Gain $1,726.3 Million by 2022: Predicts Zion Market Research
Wed, 18 Oct 2017 13:00:00 GMT

Sarasota, FL, Oct. 18, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "Foot Orthotic Insoles Market by Material (Leather, Polypropylene, and Others) for Sports, Medical and Other End Users: North America Industry Perspective, Comprehensive Analysis, and Forecast, 2014 - 2022". According to the report, foot orthotic insoles market in North America was valued at approximately USD 1,206.5 million in 2016 and is expected to generate revenue of around USD 1,726.3 million by end of 2022, growing at a CAGR of around 6.2% between 2017 and 2022. 

Orthotics is concerned with the design, manufacture, and application of orthoses. Orthoses are devices used to modify the structural and functional characteristics of the neuromuscular and skeletal system and are applied externally. Orthotic insoles are molded shoe inserts made up of leather, rubber, plastic or other synthetic material. They balance the foot in neutral position and also provide cushioning to foot. There are many types of foot orthotic insoles available in the market namely, prefabricated, cushioning orthoses, pressure relief orthoses and custom foot insoles.

Browse through 9 Market Tables and 16 Figures spread through 90 Pages and in-depth TOC on "Foot Orthotic Insoles Market by Material (Leather, Polypropylene, and Others) for Sports, Medical and Other End Users: North America Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022".

Request Free Sample copy of Global Foot Orthotic Insoles Market Report @ https://www.zionmarketresearch.com/sample/foot-orthotic-insoles-market

North America foot orthotic insoles market is primarily driven by growing incidences ...

Full story available on Benzinga.com

Callan Survey Lays Blueprint for DC Governance Committee Best Practices
Wed, 18 Oct 2017 13:00:00 GMT

San Francisco, Oct. 18, 2017 (GLOBE NEWSWIRE) -- (October 18, 2017)—Callan LLC published the results of its first-ever DC Plan Governance Survey to help DC plan sponsors better understand good governance practices, including how their peers are structuring their oversight committees and the attendant success or challenges.

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The survey identified common approaches and best practices for:

  • committee structure
  • composition
  • number of meetings
  • setting meeting agendas
  • fiduciary training

It also identified steps plan sponsors can take to improve committee effectiveness. The findings reaffirmed Callan's view that a properly structured and resourced committee serves as a critical foundation on which a DC plan thrives.

"Strong governance committees are essential for helping DC plan sponsors meet their fiduciary responsibilities," said survey author Jana Steele, a vice president ...

Full story available on Benzinga.com

Xi Comments, Earnings News May Lead To Continued Strength On Wall Street
Wed, 18 Oct 2017 12:57:03 GMT
The major U.S. index futures are pointing to a higher opening on Wednesday following the mixed performance seen in the previous session.
UK House Price Growth Likely To Soften In Coming Months
Wed, 18 Oct 2017 12:53:41 GMT
Further slowdown in London house price inflation suggest that the British house price growth is set to soften in the months ahead, Hansen Lu, an economist at Capital Economics, said.
U.S. Housing Starts Slump Much More Than Expected In September
Wed, 18 Oct 2017 12:38:36 GMT
After reporting an unexpected drop in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Wednesday showing housing starts continued to see substantial weakness in the month of September.
The Market In 5 Minutes: Housing Starts A Bit Lower Than Expected, Chipotle Gets A Downgrade
Wed, 18 Oct 2017 12:33:06 GMT

IN THE NEWS

Benzinga

In a context of geopolitical instability, devastating natural disasters and record-high market valuations, finding investments that can protect investors from market sell-offs isn't easy. However, having a diversified portfolio is fundamental: Prioritizing stability and predictability over stock market-beating returns can be the difference between a safe retirement and a life of financial struggle: Link

Netflix, Inc. (NASDAQ: NFLX) shares were surprisingly flat on Tuesday after the company reported its third-quarter earnings. The market can’t seem to decide what to make of Netflix’s numbers. Here’s what six Wall Street analysts had to say: Link

Shares of nano-cap Internet advertising tech company Social Reality Inc (NASDAQ: SRAX) spiked more than 70 percent heading into Tuesday's closing bell, after the announcement of its own Initial Coin Offering: BIGtoken: Link

Wall Street Journal

With enrollment for 2018 Affordable Care Act health-insurance plans starting in just two weeks, insurers are ...

Full story available on Benzinga.com

U.S. SEC charges Rio Tinto, former top executives with fraud
Wed, 18 Oct 2017 12:33:00 GMT
SYDNEY/NEW YORK (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique and concealed critical information while tapping the market for billions of dollars.
Hurricanes Harvey and Irma drive housing starts down to a one-year low
Wed, 18 Oct 2017 12:30:00 GMT
U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South.
20 Stocks Moving In Wednesday's Pre-Market Session
Wed, 18 Oct 2017 12:20:24 GMT

Gainers

  • Strata Skin Sciences, Inc. (NASDAQ: SSKN) rose 31.8 percent to $2.40 in pre-market trading after announcing an agreement with MedResults Network, a Group Purchasing Organization that has over 3,000 members.
  • Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) rose 29.7 percent to $18.76 in pre-market trading. Spectrum Pharmaceuticals highlighted poziotinib data in NSCLC at 18th IASLC World Conference on lung cancer in Japan.
  • Ignyta Inc (NASDAQ: RXDX) rose 22 percent to $17.50 in pre-market trading after the company disclosed positive NSC lung cancer data.
  • CGG SA (ADR) (NYSE: CGG) rose 22 percent to $5.49 in pre-market trading after declining 4.05 percent on Tuesday.
  • Hi-Crush Partners LP (NYSE: HCLP) shares rose 11.2 percent to $9.95 in pre-market trading after announcing it will resume its Capital Return Program, with a quarterly distribution of 15 cents and a $100 million buyback.
  • B Communications Ltd (NASDAQ: BCOM) rose 6.9 percent to $16.00 in pre-market trading.
  • International Business Machines Corp. (NYSE: IBM) rose 5.6 ...

Full story available on Benzinga.com

UK Jobless Rate Steady At 42-Year Low, Wage Squeeze Continues
Wed, 18 Oct 2017 12:11:09 GMT
The UK unemployment rate held steady at the lowest level since 1975 and the wage squeeze continued, data from the Office for National Statistics showed Wednesday. The ILO jobless rate came in at 4.3 percent in the three months to August, the lowest since 1975, and in line with expectations. In the same period of 2016, the rate was 5 percent.
Asia Pacific Wire and Cable Declares Cash Dividend
Wed, 18 Oct 2017 12:00:00 GMT

TAIPEI, Taiwan, Oct. 18, 2017 (GLOBE NEWSWIRE) -- Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) ("APWC" or the "Company"), a leading manufacturer of wire and cable products for the telecommunications and electric-power industries in the Asia-Pacific region, today announced that its Board of Directors has declared a one-time cash dividend of $0.10 per share payable on all issued and outstanding common shares. The dividend will be payable on November 30, 2017, to all common shareholders of record as of the close of business on October 31, 2017.

About Asia Pacific Wire & Cable Corporation

Asia Pacific Wire & Cable Corporation is principally engaged in the manufacture and distribution of telecommunications (copper and fiber optic) and power cable and enameled wire products in the ...

Full story available on Benzinga.com

Billionaire Branson targeted in $5 million scam 'straight out of le Carre'
Wed, 18 Oct 2017 11:53:34 GMT
LONDON (Reuters) - Richard Branson, billionaire founder of the Virgin group, has revealed he was targeted by a fraudster posing as Britain's defense minister who tried to get him to contribute $5 million to a supposed secret ransom payment.
A Peek Into The Markets: U.S. Stock Futures Rise Ahead Of Earnings
Wed, 18 Oct 2017 11:52:46 GMT

Pre-open movers

U.S. stock futures traded higher in early pre-market trade. Data on housing starts for September will be released at 8:30 a.m. ET. New York Federal Reserve Bank President William Dudley and Dallas Federal Reserve Bank President Robert Kaplan will speak in New York at 8:00 a.m. ET. The Federal Reserve will release its latest Beige Book report at 2:00 p.m. ET.

Futures for the Dow Jones Industrial Average climbed 72 points to 23,023.00, while the Standard & Poor’s 500 index futures rose 3.75 points to 2,560.75. Futures for the Nasdaq 100 index gained 4.50 points to 6,128.25.

Oil prices traded higher as Brent crude futures rose 0.57 percent to ...

Full story available on Benzinga.com

Europe's aviation agency advises against using Kobe Steel products
Wed, 18 Oct 2017 11:47:38 GMT
PARIS/TOKYO (Reuters) - Europe's aviation regulator has advised aircraft manufacturers to stop using parts supplied by Kobe Steel until their safety can be verified, following product data manipulation by the Japanese company.
ECB's Hansson Says It's Time To Think Of Making Policy Less Accomodative
Wed, 18 Oct 2017 11:42:51 GMT
Eurozone's strengthening economy suggest that it may be time to think of modest tightening of monetary policy, European Central Bank policymaker Ardo Hansson said in an interview published Wednesday.
Dan Nathan Sees Unusual Options Activity In The Financial ETF
Wed, 18 Oct 2017 11:42:41 GMT

Dan Nathan spoke on CNBC's "Options Action" about a large bearish options trade he noticed in Financial Select Sector SPDR Fund (NYSE: XLF).

When the stock was trading at $26.15, there was a buyer ...

Full story available on Benzinga.com

South Africa Retail Sales Growth Exceeds Forecast
Wed, 18 Oct 2017 11:19:14 GMT
South Africa's retail sales growth accelerated at a faster-than-expected pace in August, preliminary figures from Statistics South Africa showed on Wednesday.
Bulgaria Current Account Surplus Grows In August
Wed, 18 Oct 2017 10:54:33 GMT
Bulgaria's current account surplus increased in August from a year ago, figures from the Bulgarian National Bank showed Wednesday.
Taiwan ministry expresses 'deep concern' about Qualcomm's antitrust fine
Wed, 18 Oct 2017 10:23:51 GMT
TAIPEI (Reuters) - Taiwan's economics ministry said it is "deeply concerned" about the antitrust agency imposing a $775 million fine on Qualcomm Inc , in a rare public display of disagreement between authorities.
Harvey Weinstein resigns from Weinstein Co. board
Wed, 18 Oct 2017 10:22:00 GMT
Harvey Weinstein has resigned from the board of The Weinstein Co., he faces allegations that he sexually harassed or assaulted a number of women.
Eurozone Construction Output Contracts In August
Wed, 18 Oct 2017 10:10:14 GMT
Eurozone construction output declined for the first time in five months in August, figures from Eurostat showed Wednesday.
Amazon, eBay accused of ‘profiting’ from tax fraud in UK
Wed, 18 Oct 2017 09:37:00 GMT
The companies say they take the problem seriously.
JPMorgan buys fintech start-up WePay
Wed, 18 Oct 2017 09:36:00 GMT
The investment bank said Tuesday it would provide its 4 million small businesses clients with WePay's payments technology.
The 'Amazon experience' goes live at Kohl's
Wed, 18 Oct 2017 09:00:00 GMT
Starting Wednesday, 10 Kohl's stores in the Los Angeles and Chicago markets will both sell Amazon's smart home products and accept Amazon returns.
UK Jobless Rate Lowest Since 1975
Wed, 18 Oct 2017 08:58:02 GMT
The UK unemployment rate held steady at the lowest level since 1975, the Office for National Statistics said Wednesday.
South Africa Inflation Accelerates More Than Forecast
Wed, 18 Oct 2017 08:24:43 GMT
South Africa's consumer price inflation accelerated at a faster-than-expected pace in September, data from Statistics South Africa showed Wednesday.
Economic Data Scheduled For Wednesday
Wed, 18 Oct 2017 07:46:19 GMT
  • The MBA's index of mortgage application activity for the latest week is schedule for release at 7:00 a.m. ET.
  • New York Federal Reserve Bank President William Dudley and Dallas Federal Reserve Bank President Robert Kaplan ...

Full story available on Benzinga.com

Catalonia doesn't matter for capital markets in Europe: Pro
Wed, 18 Oct 2017 07:15:00 GMT
Beat Wittmann, co-founder, partner and chairman for Porta Advisors, speaks about the Catalan independence movement.
Tattoo Removal Devices Market Value to Reach US $321.9 Million by 2022 End Globally: Transparency Market Research
Wed, 18 Oct 2017 07:12:37 GMT

Albany – NY, Oct. 18, 2017 (GLOBE NEWSWIRE) -- In recent decades, a variety of techniques and methods have become available in various parts of the world for a partial or total removal of tattoos in adults. A growing number of young populations, especially in several developed and developing countries, desire to get their tattoo removed. This is motivated by a variety of social or psychological reasons, including getting the existing tattoo replaced with a new one. The rising number of safe and faster treatments that also enable the removal of different pigment colors for all skin types is a key trend accentuating the market. The advent of tattoo removal devices that are largely considered non-invasive and with minimal side-effects bodes well for the growth of the market. Constant advancements in tattoo removal technologies, notably in laser devices, coupled with careful considerations of various post-treatment risks and complications in patients, result in improving the success rate of the treatment sessions.

The tattoo removal devices market is predicted to rise from a valuation of US$232.4 Mn in 2017 to reach US$ 321.9 Mn by 2022 end. The market is forecast to rise at a CAGR of 6.7% from 2017 to 2022.

View Full Report at https://www.transparencymarketresearch.com/tattoo-removal-devices-market.html

The rising demand for safe treatment devices and non-invasive techniques for the removal of tattoo among populations in various regions is ...

Full story available on Benzinga.com

Hair Removal Market to Gain a Value of US $1.35 Billion by the End of 2022 Globally: Transparency Market Research
Wed, 18 Oct 2017 07:01:50 GMT

Albany – NY, Oct. 18, 2017 (GLOBE NEWSWIRE) -- The global market for hair removal displays a highly competitive business landscape with the continuous venturing of new players in this market, states a new research study by Transparency Market Research (TMR). With a substantial rise in activities related to expansion of the product and service portfolio by leading companies, the competition within this market is expected to intensify further in the years to come.

As per TMR's observations, the worldwide market for hair removal is projected to reach a value of US$880.2 mn by 2017. Further, the market's opportunity is expected to report a steady rise at a CAGR of 9.0% during the period from 2017 to 2022 and increase to US$1.35 bn by the end of the forecast period. Overall, the market's future looks thriving; however, it may face obstacles in the near future from the increasing trend of accepting one's appearance in its truest form, notes the research study.

View Full Report at https://www.transparencymarketresearch.com/hair-removal-market.html

"Thanks to the augmenting beauty consciousness among consumers, worldwide, the global market for hair removal solutions is witnessing a high-paced increase ...

Full story available on Benzinga.com

Autonomous Underwater Vehicle Market to reach US$ 445 Mn by 2022, globally: Persistence Market Research
Wed, 18 Oct 2017 06:58:33 GMT

New York, Oct. 18, 2017 (GLOBE NEWSWIRE) -- For several years now, the autonomous underwater vehicle has been the undisputed champion in the case of niche underwater applications. However, the growing acceptance of these multi-purpose vehicles has now turned them into the de-facto choice for the subsea community. The last decade has seen the autonomous underwater vehicle market come into its own with AUV's being chosen for most deep-water surveys. The scientific community has also opted for autonomous underwater vehicles for both deep exploration as well as work in shallow waters. New applications have surfaced in the autonomous underwater vehicle market as these vehicles are critical in search & rescue missions, salvage operations, and in archaeology. The autonomous underwater vehicle market is projected to record a robust CAGR of 6.1% from 2017 to 2022.

View Full Report at https://www.persistencemarketresearch.com/market-research/autonomous-underwater-vehicles-market.asp

The oil & gas segment has a revenue share of one-sixth in the autonomous underwater vehicle market by end user and is anticipated to lose market share. The oil & gas autonomous vehicle segment is estimated to have a value of approx. US$ 65 million at the end of the forecast period. The ...

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Automotive ABS and ESC Market to reach US$ 100,000 Mn by 2022 – Future Market Insights
Wed, 18 Oct 2017 06:50:47 GMT

VALLEY COTTAGE, New York, Oct. 18, 2017 (GLOBE NEWSWIRE) -- A recent research report delivered by Future Market Insights (FMI) has projected the global market for automotive ABS and ESC to exhibit an undulating expansion over the forecast period, 2017 to 2022. Global sales of automotive ABS and ESC has been estimated to surpass US$ 100,000 Mn in revenues by 2022-end.

The automotive industry is currently being propelled by hi-tech innovation, being more inclined toward adoption of advanced technologies for reducing crashes and mitigating impact of accidents on passengers. Automotive safety systems, such as ABS and ESC, are therefore gaining immense traction among consumers across the globe. Leading manufacturers of ABS and ESC systems are adopting strategic approaches such as mergers & acquisitions and new product launches, with an aim of expanding their product line and maintaining their instrumental position in the market.

Europe and North America – Most Lucrative Markets for Automotive ABS and ESC

In regions such as Europe and North America, automotive ABS and ESC systems have a high penetration rate and are well established. In terms of revenues, Europe and North America will continue to be the most lucrative market for automotive ABS and ESC. The market in North America is projected to register the highest CAGR through 2022.

View Full Report at https://www.futuremarketinsights.com/reports/automotive-abs-and-esc-market

Full story available on Benzinga.com

Digital Isolator Market to reach US$1,598.0 mn by 2022, globally: Transparency Market Research
Wed, 18 Oct 2017 06:45:00 GMT

Albany – NY, Oct. 18, 2017 (GLOBE NEWSWIRE) -- Global Digital Isolator Market: Major Insights

The international digital isolator market is foretold to gain momentum from the rising demand for technologically sophisticated electronics that make less noise, across a range of industry verticals. Furthermore, industry players could receive choice opportunities to grow in the market with the rise of industrial automation. Asia Pacific could be a fine instance of the increasing inclination toward industrial automation. Nonetheless, this region is foreseen to gain growth also on the back of its strongly developing manufacturing base and the presence of key electrical equipment and device manufacturers.

The international digital isolator market is anticipated to see a classification as per isolation, data rate, channel, and vertical. In terms of isolation, the market could testify the superiority demonstrated by giant magnetoresistive in terms of revenue until the end of the forecast period. By 2022, this segment is anticipated to rake in a US$608.1 mn and expand at a 7.1% CAGR.

View Full Report at https://www.transparencymarketresearch.com/digital-isolator-market.html

With respect to data rate, the international digital isolator market could be segmented into less than 25 mbps, 25 ...

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Akzo Nobel issues profit warning after third-quarter earnings miss
Wed, 18 Oct 2017 06:41:00 GMT
The Dutch paint maker reported lower-than-expected third-quarter operating earnings of 383 million euros.
Molded Fiber Clamshell and Container Market to touch US$2.7 Billion by 2022 - Transparency Market Research
Wed, 18 Oct 2017 06:38:29 GMT

Albany, NY, Oct. 18, 2017 (GLOBE NEWSWIRE) -- The global molded fiber clamshell and container market has become a key part of the packaging sector in recent years due to their benefits such as cheap costs compared to traditional alternatives, light weight, and environmentally sustainable composition. The molded fiber clamshell and container market is thus set for rapid growth over the 2017-2022 forecast period due to steady growth of the packaging industry to satisfy the demands of a growing set of end use industries. Europe is likely to be a key region for the global molded fiber clamshell and container market, with the region set to occupy a dominant share in the global market through the 2017-2022 forecast period. Asia Pacific except Japan is also likely to play a key role in the global molded fiber clamshell and container market over the 2017-2022 forecast period due to growing demand from the region's emerging economies.

According to Transparency Market Research, the global molded fiber clamshell and container market is likely to reach a valuation of more than US$2 bn by the end of 2017, with the market expected to further rise to more than US$2.7 bn by the end of 2022.

Request a Sample PDF for Research Insights at https://www.transparencymarketresearch.com/sample/sample.php£flag=S&rep_id=33101

Here are the key insights into the growth prospects of the global molded fiber ...

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Bannon snubs Trump plea to back off from GOP establishment
Wed, 18 Oct 2017 06:33:00 GMT
Former presidential strategist Steve Bannon doubled down on his criticism of the GOP establishment at a Tuesday night fundraiser for a challenger to Arizona's incumbent Sen. Jeff Flake.
Boeing says Bombardier jets could still face hefty duties even if they are assembled in Alabama
Wed, 18 Oct 2017 06:12:00 GMT
Boeing said that the announced deal has no effect on the pending U.S. Department of Commerce proceedings.
UK Marketing Budget Growth Weakest Since 2016
Wed, 18 Oct 2017 06:00:51 GMT
UK companies' marketing budgets increased in the third quarter but the pace of growth was the weakest in more than a year, the latest IPA Bellwether Report showed Wednesday.
InterContinental is bringing two new hotel brands to Asia
Wed, 18 Oct 2017 05:20:00 GMT
U.K.-based InterContinental Hotels announced it is planning to bring two hotel brands to China and Asia Pacific.
South Korea Money Supply Growth Eases Further
Wed, 18 Oct 2017 05:13:33 GMT
South Korea's money supply growth eased for the fourth straight month in August, preliminary figures from Bank of Korea showed Wednesday.
European Economics Preview: UK Jobless Rate Data Due
Wed, 18 Oct 2017 05:12:20 GMT
Labor market statistics from the UK is due on Wednesday, headlining a light day for the European economic news.
Why Chinese President Xi Jinping is being compared to Russia's Putin
Wed, 18 Oct 2017 05:11:00 GMT
CNBC's Eunice Yoon and Martin Soong discuss what could be on the agenda for the Chinese Communist Party's National Congress.
European shares open slightly higher as earnings season picks up the pace
Wed, 18 Oct 2017 05:11:00 GMT
European markets opened higher as investors monitored the latest batch of earnings and economic data releases.
Leadership on Kirkuk oil field not clear: S&P Global Platts
Wed, 18 Oct 2017 05:11:00 GMT
Herman Wang, OPEC specialist at S&P Global Platts, speaks about oil investment in Iraq.
Politicians could become less pro-capital markets: Quilter Cheviot
Wed, 18 Oct 2017 05:11:00 GMT
David Miller, investment director at Quilter Cheviot, discusses the relationship between political events and capital markets.
China needs to balance economic growth with clean air: Portfolio manager
Wed, 18 Oct 2017 05:11:00 GMT
Conrad Saldanha, senior portfolio manager for emerging market equities at Neuberger Berman, speaks about the Chinese economy.
China to create more pressure in Asia as its economic power grows: Pro
Wed, 18 Oct 2017 05:11:00 GMT
Miranda Carr, senior analyst at Haitong Securities, speaks about Chinese foreign policy.
Xi focused on strengthening Chinese state, not personality cult around himself: Analyst
Wed, 18 Oct 2017 05:11:00 GMT
Miranda Carr, senior analyst at Haitong Securities, responds to Chinese President Xi Jinping's address at the Communist Party National Congress.
Three ways to make money out of China's economic success story
Wed, 18 Oct 2017 05:11:00 GMT
Beat Wittmann, co-founder, partner and chairman at Porta Advisors, speaks about different investment strategies in the world's second-largest economy.
South Korea Jobless Rate Falls In September
Wed, 18 Oct 2017 04:02:15 GMT
South Korea's unemployment rate decreased slightly in September, figures from Statistics Korea showed Wednesday.
Amazon has brought benefits—and disruption—to Seattle
Wed, 18 Oct 2017 04:00:00 GMT
While lawmakers, economists and many residents say the benefits clearly outweigh any drawbacks - life in Seattle is one more endeavor Amazon has disrupted.
This airline has lost three CEOs in less than three years
Wed, 18 Oct 2017 03:28:00 GMT
Malaysia Airlines CEO Peter Bellew is leaving after just over a year in charge to return to Ryanair as chief operations officer.
Ackman, ADP board nominees to discuss plans for company Thursday
Wed, 18 Oct 2017 01:23:39 GMT
(Reuters) - Activist investor William Ackman's dissident director candidates for board seats at Automatic Data Processing Inc will answer questions about their plans for the company on Thursday ahead...
Australia Leading Index Ticks Higher In September - Westpac
Tue, 17 Oct 2017 23:51:50 GMT
The Australian economy showed a slight rebound in September, the latest survey from Westpac Bank revealed on Wednesday.
'Dr. Doom' commentator Marc Faber faces backlash over race comments
Tue, 17 Oct 2017 23:33:58 GMT
NEW YORK/VANCOUVER (Reuters) - Marc Faber, the Swiss investor based in Thailand, provoked a backlash from business television and investment management firms on Tuesday after comments in his latest...
ARGENTINA: Merval Falls 1.91%, Tracking ADRs
Tue, 17 Oct 2017 23:20:55 GMT
Merval, the main index of the Buenos Aires Stock Exchange, tumbled 1.91% Tuesday, closing at 26,622.40 points in the first trading session of the week after a holiday in Argentina.
George Soros foundations now control $18 billion: reports
Tue, 17 Oct 2017 22:58:11 GMT
NEW YORK (Reuters) - Investor George Soros has transferred about $18 billion, the majority of his estimated fortune, to his Open Society Foundations, making them the second largest philanthropic...
BRAZIL: Delay In Pension Reform May Halt Rate Cuts By The Central Bank
Tue, 17 Oct 2017 22:46:58 GMT
The delays faced by the pension reform bill in Brazil's Congress should restrain the central bank's monetary policy committee ability to cut the benchmark interest rate or even halt that effort if legislators wait until 2019 to vote on the legislation.
JBS: Brazilian SEC Shelves Procedure On Insider Trading
Tue, 17 Oct 2017 22:33:58 GMT
The Brazilian market regulator, known as CVM, shelved an administrative procedure aimed at analyzing transactions of Banco Original - one of the companies from J&F, the parent holding of JBS - in the derivatives market.
South Korea Export Prices Advance 0.9% In September
Tue, 17 Oct 2017 22:31:50 GMT
Export prices in South Korea climbed 0.9 percent on month in September, the Bank of Korea said on Wednesday - accelerating from 0.6 percent in August.
COPEL: Company And Shell Sign Agreement To Build Gas Pipelines
Tue, 17 Oct 2017 22:13:05 GMT
The Brazilian power generation company Copel, the Paran  state government and the British-Dutch Shell signed a protocol of intent to create a plan to expand the natural gas supply in the state, which provides for the construction of an infrastructure for pipelines.
Australia Leading Index On Tap For Wednesday
Tue, 17 Oct 2017 22:01:50 GMT
Australia will on Wednesday see September results for the leading economic index from Westpac, highlighting a light day for Asia-Pacific economic activity.
Q&A: Jewel learned her life lessons from nature, books and pain
Tue, 17 Oct 2017 21:51:38 GMT
NEW YORK (Reuters) - Jewel's rise in the music world from the Alaska frontier to first-name-only star is almost unbelievable: Girl endures an abusive environment, becomes homeless - and then not only...
South Korea Export Prices Rise 0.9% In September
Tue, 17 Oct 2017 21:31:50 GMT
Export prices in South Korea were up 0.9 percent on month in September, the Bank of Korea said on Wednesday - accelerating from 0.6 percent in August.
Hawaiian Airlines CEO shrugs off 'Southwest Effect' as budget carrier plans to enter market
Tue, 17 Oct 2017 21:24:00 GMT
Mark Dunkerley said that, in the past, Hawaiian has responded well to increased competition.
PETROBRAS: Moody's Upgrades Rating To Ba3, Changes Outlook To Stable
Tue, 17 Oct 2017 21:12:42 GMT
Moody's Investors Service (Moody's) upgraded all Petrobras ratings, including the company's senior unsecured debt and corporate family rating, to Ba3 from B1. The outlook changed from positive to stable.
BRAZIL: House Committee To Vote On Corruption Charge Against Temer
Tue, 17 Oct 2017 20:19:14 GMT
A Brazilian House of Representatives committee started on Tuesday the procedures to decide, for the second time this year, if President Michel Temer should go on trial for corruption.
George Soros just gave almost 80 percent of his wealth to his charity
Tue, 17 Oct 2017 20:03:00 GMT
George Soros transferred the bulk of his wealth to his charitable organization, the Open Society Foundations.
PERU: National Output Index Grows 2.28% In August On Annual Basis
Tue, 17 Oct 2017 20:00:24 GMT
Peru's domestic production in August increased by 2.28% on a year-on-year basis, compared to a 1.55% growth in July, accumulating 97 months of continuous growth, said the country's statistics office.
CSX 'had some embarrassing situations' this year, CEO tells investors
Tue, 17 Oct 2017 18:04:00 GMT
The aggressive overhaul of CSX by CEO Hunter Harrison is not quite a success yet.
Computer Aided Engineering (CAE) Market Size & Share Projected to Reach $5,863.36 Million by 2021: Zion Market Research
Tue, 17 Oct 2017 18:00:00 GMT

Sarasota, FL, Oct. 17, 2017 (GLOBE NEWSWIRE) -- Zion Research has published a new report titled "Computer Aided Engineering Market (Finite Element Analysis and Computational Fluid Dynamics) for Aerospace, Automobile, Electronic and Electricals Defense, Industrial Machineries and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2015-2021". According to the report, global demand for computer aided engineering market was valued at around USD 3,062.37 billion in 2015 and is expected to reach approximately USD 5,863.36 million in 2021, growing at a CAGR of slightly above 11.10% between 2016 and 2021.

Computer aided engineering (CAE) aids in solving engineering problems through the use of sophisticated and interactive graphical software. CAE is software used to design, analyze, and manufacture products and processes.

Browse through 13 Market Tables and 21 Figures spread through 110 Pages and in-depth TOC on "Computer Aided Engineering Market (Finite Element Analysis and Computational Fluid Dynamics) for Aerospace, Automobile, Electronic and Electricals Defense, Industrial Machineries and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2015-2021".

Request Free Sample copy of Global Computer Aided Engineering Market Report @ https://www.zionmarketresearch.com/sample/computer-aided-engineering-market

Growing trend of smartphones and tablets are expected to boost the growth of this market. Rising use of new engineering modes such as building information modeling, 3D printing, 3D modeling, and concurrent engineering are major drivers for the computer aided engineering software market. However, increasing the ...

Full story available on Benzinga.com

Tech's 'winner take all' system is making valuations spike, says NYU professor
Tue, 17 Oct 2017 17:19:00 GMT
"This valuation number is hard to even call it a number. It really is an illusionist trick," Galloway said.
No one, not even Trump, knows who the next Fed chair will be
Tue, 17 Oct 2017 17:18:00 GMT
At this point, even President Donald Trump doesn't know who the next Fed chair will be, Politico's Ben White says.
Obituary: Jim Saft, Reuters columnist, a man of humor and insight
Tue, 17 Oct 2017 17:05:02 GMT
This headline by Jim Saft, who died on Monday after suffering a stroke last month, was typical of the writing of one of Reuters smartest and most engaging columnists on investment and markets. [SAFT/]
John Taylor For Fed Chair Supports The Dollar via OANDA
Tue, 17 Oct 2017 16:33:09 GMT

Tuesday October 17: Five things the markets are talking about

The ‘mighty' U.S dollar has found some tentative support as investor speculation climbs on the back of the next Fed head being more ‘hawkish.'

John Taylor, a candidate for Fed chair is known for a policy rule that would suggest higher interest rates, was said to have impressed President Trump in an interview last week. The President is to reportedly formally interview Fed Chair Yellen later this week.

Elsewhere, ongoing geopolitical risks (N. Korea, Spain's Catalan region and Brexit) has convinced many equity investors to consider taking a ‘time-out.' Regional equity bourses are seeing mixed results as N. Korea warned that a nuclear war could ‘break out any moment,' while in Europe, investors await the next move in the standoff over independence for Catalonia, while in the U.K Brexit talks could be headed for a breakdown.

Note: Bank of England (BoE) Governor Carney appears before the U.K Parliament's Treasury Committee for the first time since June's election this morning (06:15 am EDT).

A host of Fed speakers and the publication of the Beige Book this week may provide further clues about the U.S policy path – Philly Fed Harker today, and NY President Dudley and Dallas Fed Kaplan tomorrow.

1. Stocks pause atop lofty heights

In Japan, the Nikkei share average rallied for a 11th consecutive session as a stable yen (¥112.17) supported exporters, while expectations that Abe's ruling bloc will win the election this weekend continues to underpin sentiment. The Nikkei ended +0.4% higher, while the broader Topix was up +0.2%.

Note: A survey Monday showed that Japanese PM Abe's ruling coalition is on track for a big win in Sunday's general election.

Down-under, Australia's S&P/ASX 200 Index rose +0.7% and South Korea's Kospi index was up +0.2%.

In Hong Kong, stocks were little changed in quiet trading as investors wait for China's Communist Party congress to begin and Q3 ...

Full story available on Benzinga.com

Attorney who sued PG&E before faults California for history of utility fire disasters
Tue, 17 Oct 2017 15:47:00 GMT
PG&E could be on the hook for up to $6 billion if found liable for the current wildfires, according to a fire attorney.
Larry Summers: Hassett's analysis of the Trump tax plan is 'dishonest, incompetent and absurd'
Tue, 17 Oct 2017 14:43:00 GMT
Hassett's claim that cutting the corporate tax rate to 20 per cent would raise wages by $4,000 per worker is absurd, says Larry Summers.
Canada, Mexico to firmly reject US NAFTA proposals but will offer to keep negotiations going: Sources
Tue, 17 Oct 2017 14:42:00 GMT
Canada and Mexico will not walk away from the NAFTA negotiating table, despite an outright rejection of the U.S. demands.
U.S. Homebuilder Confidence Unexpectedly Improves In October
Tue, 17 Oct 2017 14:23:39 GMT
Homebuilder confidence in the U.S. has unexpectedly seen an improvement in the month of October, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index surged up to 68 in October after dropping to 64 in September.
ChargePoint hires Uber EMEA policy chief as its top Europe exec
Tue, 17 Oct 2017 14:23:00 GMT
Uber faced a year of mounting scandals and regulatory battles after Burghardt signed on last September as policy and communications chief.
Downsizing in the sky: The maker of the world's biggest passenger plane is betting on a small jet
Tue, 17 Oct 2017 14:18:00 GMT
Airbus is taking a majority stake in a small jet program mired in a trade dispute.
Mexico's tech industry is booming as Trump's anti-immigration stance pushes workers abroad
Tue, 17 Oct 2017 14:11:00 GMT
Trump's efforts to reduce immigration to the U.S. have prompted countries to step up recruiting tech workers and startup companies.
Homebuilder confidence jumps to 6-month high in October
Tue, 17 Oct 2017 14:00:00 GMT
After a hurricane-induced dip, confidence among U.S. homebuilders increased more than expected in October.
Powell likely next Fed chief, though Yellen best suited: economists
Tue, 17 Oct 2017 13:44:00 GMT
"A regime change can be a little more rattling and unnerving for markets," said Ryan Sweet at Moody's Analytics.
This former Soviet nation plans to launch its own cryptocurrency
Tue, 17 Oct 2017 13:31:00 GMT
Kazakhstan would follow in the footsteps of a number of countries and regulators to indicate interest in its own cryptocurrency.
U.S. Industrial Production Rebounds Slightly More Than Expected
Tue, 17 Oct 2017 13:27:44 GMT
After reporting a notable decrease in U.S. industrial production in the previous month, the Federal Reserve released a report on Tuesday showing production rebounded by slightly more than expected in the month of September. The report said production rose by 0.3 percent in September after sliding by 0.7 percent in August.
US industrial output picks up in September
Tue, 17 Oct 2017 13:15:00 GMT
U.S. industrial output was expected to bounce back in September.
U.S. Import And Export Prices Increase More Than Expected In September
Tue, 17 Oct 2017 13:13:25 GMT
U.S. import and export prices both increased by more than anticipated in the month of September, according to a report released by the Labor Department on Tuesday. The report said import prices climbed by 0.7 percent in September after rising by 0.6 percent in August.
Global $181.77 Bn Cyber Security Market to 2021 - Analysis by Type, Technology, Verticals and Applications
Tue, 17 Oct 2017 13:00:00 GMT

Sarasota, FL, Oct. 17, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "Cyber Security Market (Network Security, Cloud Security, Wireless Security, and Others), By Solution (Identity and Access Management (IAM), Encryption, Risk and Compliance Management, Data Loss Prevention, Antivirus And Antimalware, Firewall And Others), By Vertical (Aerospace, Government, Financial Services, Telecommunication, Healthcare And Others): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021". According to the report, global cyber security market was valued at USD 105.45 billion in 2015, is expected to reach USD 181.77 billion in 2021 and is anticipated to grow at a CAGR of 9.5% between 2016 and 2021.

Cyber security is associated with information technology security, which focuses on protecting computers and confidential data stored in it from cyber criminals. Cyber security market offers several advantages including enhanced security of cyberspaces, expanded digital safeguard and quicker reaction time to national crises. These advantages of cyber security market automatically enhance the value of service given to the market end-users.

Browse through 42 Market Tables and 46 Figures spread through 110 Pages and in-depth TOC on "Global Cyber security Market Size 2016: Spending Trends & Industry Forecast 2021".

Request Free Sample copy of Global Cyber Security Market Report @ https://www.zionmarketresearch.com/sample/cyber-security-market

The cyber security market is one of the highest growing markets in the information technology domain and it yields large economic opportunities. Growing risks such as computer hacking, software piracy, and virus deployment are increasing the demand for cyber securities services. The governments of various countries are ...

Full story available on Benzinga.com

US online retail sales likely to surpass $1 trillion by 2027, consulting group says
Tue, 17 Oct 2017 12:57:00 GMT
U.S. online retail sales will surpass $1 trillion by 2027 compared with $445 billion this year, according to a forecast by business advisory firm FTI Consulting Inc, as more Americans move away from brick-and-mortar stores.
Futures Pointing To Mixed Open On Wall Street
Tue, 17 Oct 2017 12:48:14 GMT
The major U.S. index futures are pointing to a mixed opening on Tuesday, as the Dow futures are up by 23 points but the Nasdaq futures are down by 3 points.
UK Consumer Prices Rise Most Since 2012
Tue, 17 Oct 2017 12:45:25 GMT
British consumer prices increased at the fastest pace in more than five years in September, led by a weaker pound, adding to the likelihood of a rate hike as early as the next month. Driven by food and transport prices, inflation rose to 3 percent in September from 2.9 percent in August, data from the Office for National Statistics showed Tuesday.
Global Fluoropolymers Market to reach US$ 13,459.9 Mn by 2027 – Future Market Insights
Tue, 17 Oct 2017 12:05:24 GMT

VALLEY COTTAGE, New York, Oct. 17, 2017 (GLOBE NEWSWIRE) -- Future Market Insights delivers key insights on the global fluoropolymers market in its latest report titled ‘Fluoropolymers Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027).' The long-term outlook on the global fluoropolymers market remains positive, with market value expected to increase at a CAGR of 5.1% during the forecast period (2017 – 2027). The industrial & equipment segment is expected to remain a key end-use segment, accounting for over one-fourth of the total shares in the global market throughout the forecast period. Global sales of fluoropolymers is estimated to be valued at over US$ 8 Bn by the end of 2017. APEJ is estimated to account for a major value share in the global fluoropolymers market by 2017 end and is anticipated to retain its dominance throughout the forecast period. In this report, Future Market Insights throws light on the drivers and restraints likely to impact the market during the forecast period.

Factors Impacting Market Revenue Growth

The global fluoropolymers market is greatly influenced by the building and construction, industrial & equipment and electrical & electronics sector. Industrial & equipment is a large end-use segment for fluoropolymers, accounting for a significant market share in terms of volume as well as value. The utilisation of fluoropolymers in solar PV module is anticipated to facilitate the growth of the segment over the forecast period. ...

Full story available on Benzinga.com

EU watchdogs to study cost, performance of mutual funds
Tue, 17 Oct 2017 11:49:56 GMT
PARIS (Reuters) - European Union financial regulators will conduct a large-scale study of the cost and performance of mutual funds, a top regulator said on Tuesday.
Procter & Gamble says activist investor Nelson Peltz lost board seat bid by around 6 million votes—just 0.2 percent
Tue, 17 Oct 2017 11:48:00 GMT
Procter & Gamble said activist hedge fund manager Nelson Peltz had lost his bid to win a seat on the board by about 6.15 million votes.
Automotive Cylinder Liner Market to reach US$ 5,627.9 Mn by 2027 – Future Market Insights
Tue, 17 Oct 2017 10:53:35 GMT

Valley Cottage, New York, Oct. 17, 2017 (GLOBE NEWSWIRE) -- Future Market Insights delivers key insights on the global automotive cylinder liner market in its latest report titled ‘Automotive Cylinder Liner Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017-2027).' The long-term outlook on the global automotive cylinder liner market remains positive with the market value expected to increase at a CAGR of 3.7% during the forecast period (2017-2027). Among vehicle types, the heavy duty segment is expected to expand at a significant CAGR in terms of value over the forecast period. The global sales of automotive cylinder liners is estimated to be valued at US$ 3,922.4 Mn by the end of 2017. In terms of value, APEJ is estimated to account for a major market share in the global automotive cylinder liner market by 2017 end and it is anticipated to retain its dominance throughout the forecast period. In this report, Future Market Insights throws light on the drivers and restraints likely to impact market revenue growth during this period.

View Full Report at https://www.futuremarketinsights.com/reports/automotive-cylinder-liner-market

Market Dynamics

Factors such as growing automotive production, increasing number of heavy trucks and growing demand for construction equipment are driving the market for automotive cylinder liners. Nowadays, many manufacturers are replacing cast iron with aluminium alloys and other material such as steel and ...

Full story available on Benzinga.com

Electric Motors Market to reach US$ 145.8 Bn by 2027 – Future Market Insights
Tue, 17 Oct 2017 10:44:44 GMT

Valley Cottage, New York, Oct. 17, 2017 (GLOBE NEWSWIRE) -- Future Market Insights' newly published report titled "Electric Motors Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)" examines the global electric motors market and offers crucial market insights for the next 10 years. According to the report, the market is anticipated to witness increasing demand for energy efficient motors owing to a growing focus on energy conservation. The estimated value of the global electric motors market in 2017 is US$ 88.6 Bn and the market is expected to expand at a CAGR of 4.7% to reach US$ 145.8 Bn by the end of 2027. 

Global Electric Motors Market: Dynamics 

The global electric motors market is estimated to be driven by increasing automation and robotics in the manufacturing sector, increasing electric vehicle sales and rising demand from HVAC and household applications. Healthy growth of end use sectors will also be a prime factor supplementing market growth. Industries across prominent regions such as Western Europe and North America and some countries in the Asia Pacific region are anticipated to witness high demand for energy efficient motors, i.e. above the IE2 efficiency level. At a product level, cost effectiveness offered by brushless DC motors due to their limited maintenance, increased efficiency, low operating cost and higher reliability will supplement growth of the DC motor segment. Product development is expected to remain a major focus for leading players in the market, while customisation will emerge as a major trend in ...

Full story available on Benzinga.com

Theme park owner sees its shares tank after warning that terrorism is hitting profits
Tue, 17 Oct 2017 10:32:00 GMT
The stock fell up to 21 percent after Merlin forecast core earnings for 2017 in the range of 470 million pounds to 480 million pounds ($622-$636 million).
Snap teams with NBCUniversal in drive for TV shows on Snapchat
Tue, 17 Oct 2017 10:24:00 GMT
Snap just made a major move to compete with Netflix and Amazon.
Why the best thing for Fed is to shock the market, according to one strategist
Tue, 17 Oct 2017 07:43:00 GMT
Simon Derrick, chief currency strategist at BNY Mellon, discusses potential policy moves from the U.S. Federal Reserve.
Spanish government could take control to diffuse the crisis: Spokesperson
Tue, 17 Oct 2017 07:06:00 GMT
Toni Timoner, U.K. spokesman for Spain's ruling Partido Popular, speaks about what could happen next in Catalan's bid for independence.
Third quarter acceleration, low inflation have led to momentum in markets: Pro
Tue, 17 Oct 2017 07:05:00 GMT
Didier Duret, chief investment officer at ABN AMRO Private Banking, and Simon Derrick, chief currency strategist at BNY Mellon, speaks about trends in markets.
Netflix subscriber growth tops estimates in the third quarter
Tue, 17 Oct 2017 06:47:00 GMT
CNBC's Arjun Kharpal discusses Netflix's strategy as the platform grows by more than 5 million subscribers worldwide in the third quarter of this year.
Independence question can't remain unanswered: Spanish deputy prime minister
Tue, 17 Oct 2017 06:43:00 GMT
CNBC's Willem Marx speaks about the Spanish government's potential to trigger Article 155, thereby threatening the Catalan region's autonomy.
Europe markets open slightly higher amid earnings and UK inflation data
Tue, 17 Oct 2017 06:43:00 GMT
European markets opened slightly higher as investors monitored the latest political developments coming out of the euro zone.
Why investors in Europe should be cautious on the upcoming earnings season
Tue, 17 Oct 2017 05:43:00 GMT
With another earnings season in Europe about to kick off, one equity analyst is concerned that European firms won’t deliver as much return as was expected at the start of the year.
Spain's Catalonia crisis requires nerves of steel for brave equity traders
Tue, 17 Oct 2017 05:39:00 GMT
Investors, like the many businesses that have shifted their headquarters out of Catalonia, rarely like uncertainty.
Trump to announce next Fed chair by the end of October
Tue, 17 Oct 2017 05:04:00 GMT
CNBC's Joumanna Bercetche says that the next chairman of the U.S. Federal Reserve could be more pro-regulation than incumbent Janet Yellen.
Definitely need to monitor Italian banks: AllianceBernstein
Tue, 17 Oct 2017 05:04:00 GMT
Jorgen Kjaersgaard, head of European credit at AllianceBernstein, discusses how European banks can deal with non-performing loans.
How US investors view a change of leadership at the Fed
Tue, 17 Oct 2017 05:04:00 GMT
Jeff Peskind, founder and CIO at Phoenix Investment Adviser, speaks about potential leadership and policy shifts at the U.S. Federal Reserve.
Our earnings are encouraging but 'still a lot of work to do': Pearson CEO
Tue, 17 Oct 2017 05:04:00 GMT
Pearson CEO John Fallon says that disruption in education publishing will hurt his company in the short term, but are a long-term growth opportunity.
Two Catalan separatist leaders jailed
Tue, 17 Oct 2017 05:04:00 GMT
CNBC's Willem Marx discusses the Catalan independence movement and potential moves from the Madrid central government to address the issue.
China tries to reassure foreign companies, promises openness
Tue, 17 Oct 2017 04:00:00 GMT
China's ruling Communist Party spokesman promised Beijing will open its markets further.
Trump's lawyers to ask judge to toss emoluments lawsuit
Tue, 17 Oct 2017 04:00:00 GMT
Lawyers argue the ban on foreign money is meant for the president in his official capacity. Trump's business arrangements should be addressed by Congress.
Australia's ANZ sells pension business to IOOF for $766 million
Tue, 17 Oct 2017 02:56:54 GMT
SYDNEY (Reuters) - Australia and New Zealand Banking Group Ltd has sold its pension unit to IOOF Holdings for A$975 million ($766 million), joining the rush of Australian banks quitting non-core and...
Amid Boeing dispute, Bombardier is selling a majority stake of its jet program to Airbus
Tue, 17 Oct 2017 00:13:00 GMT
Airbus will acquire a majority stake in Bombardier's CSeries program.
Watching GE struggle is 'painful,' Bob Nardelli says
Mon, 16 Oct 2017 23:06:00 GMT
Watching General Electric is painful, said Bob Nardelli, the company's former transportation CEO and power systems CEO.
Activist investor RBR launching campaign to break up Credit Suisse: FT
Mon, 16 Oct 2017 22:14:35 GMT
(Reuters) - Activist investor RBR Capital Advisors is launching a campaign for breaking up Swiss bank Credit Suisse Group AG into three parts, the Financial Times reported on Monday.
Horse race for Fed chair pits Warsh against mentor and brings Yellen back
Mon, 16 Oct 2017 21:10:00 GMT
Now with no clear winner in sight, markets see a tight horse race shaping up for the Fed chairmanship.
Trump to interview Yellen about Fed chair appointment this week
Mon, 16 Oct 2017 19:26:00 GMT
If the president appoints Yellen to another term, it will be a sharp turn from the president's prior remarks.
Wells Fargo brokerage to return $3.4 million for risky products
Mon, 16 Oct 2017 19:07:16 GMT
NEW YORK (Reuters) - A brokerage industry regulator on Monday ordered Wells Fargo & Co to return $3.4 million to customers after selling them inappropriate investment products, the latest sign that a...
Pop-up shops find a permanent home at the mall
Mon, 16 Oct 2017 19:01:00 GMT
Simon Property Group, the largest mall operator in the U.S., is preparing to unveil "The Edit" next month, at one of its malls in New York.
Top Trump advisor Cohn says tax reform has to get done this year
Mon, 16 Oct 2017 14:16:00 GMT
Gary Cohn also says President Trump will push harder to make sure Congress understands the urgency.
Upward Momentum May Lead To Continued Strength On Wall Street
Mon, 16 Oct 2017 12:57:50 GMT
The major U.S. index futures are pointing to a higher opening on Monday, with stocks poised to extend the upward trend seen in recent sessions.
Time is running out for NAFTA talks, set to be extended
Mon, 16 Oct 2017 11:19:00 GMT
Negotiators at talks to modernize NAFTA are running out of time and look set to extend the remaining rounds in a bid to meet an end-year deadline.
Fed's Rosengren sees three to four rate hikes next year
Mon, 16 Oct 2017 10:07:00 GMT
The Fed will probably need to raise interest rates in December and then three or four times "over the course of next year," Boston Fed President Eric Rosengren said.
Here's how the White House wants the GOP to talk about tax reform
Mon, 16 Oct 2017 09:01:00 GMT
The White House releases its first economic analysis of the GOP tax plan, projecting a windfall for workers.
Catalan leader Puigdemont asks Spanish prime minister for dialogue in letter
Mon, 16 Oct 2017 07:10:00 GMT
CNBC's Willem Marx updates on the latest developments in Catalonia's bid for independence.
ECB's quantitative easing no longer needed, says one investment manager
Mon, 16 Oct 2017 07:01:00 GMT
Rachel Winter, investment manager at Killik & Co, and Bob Parker, investment committee member at Quilvest Wealth Management, discuss the European economy.
European shares open higher as political news takes center stage
Mon, 16 Oct 2017 06:50:00 GMT
European markets open the first trading day of the week in the black as investors gear up for political news coming out of Austria, Spain and the U.K.
People's Bank of China on the attack to control bitcoin market: Pro
Mon, 16 Oct 2017 06:47:00 GMT
Bob Parker, investment committee member at Quilvest Wealth Management, speaks about the rise of bitcoin.
Rise of Sebastian Kurz in Austria signaling that German politics should also move right
Mon, 16 Oct 2017 06:25:00 GMT
CNBC's Annette Weisbach speaks about the weekend's Austrian election and how it affects coalition talks in neighboring Germany.
Incorrect response for markets to push oil higher on Iraq troubles: Pro
Mon, 16 Oct 2017 06:10:00 GMT
Bob Parker, investment committee member at Quilvest Wealth Management, speaks about Iraq's oil economy.
Low probability of hard landing for Chinese economy: Pro
Mon, 16 Oct 2017 06:00:00 GMT
Bob Parker, investment committee member at Quilvest Wealth Management, speaks about the Chinese Communist Party's National Congress.
No evidence of stretched valuations in the euro zone: Draghi
Mon, 16 Oct 2017 05:22:00 GMT
European Central Bank President Mario Draghi speaks about whether his institution's asset-purchasing program is distorting markets.
Russia's budget based on oil price of $40 per barrel: Finance minister
Mon, 16 Oct 2017 05:22:00 GMT
Russian Finance Minsiter Anton Siluanov speaks about the price of oil.
Merkel weakened after SPD win in Lower Saxony
Mon, 16 Oct 2017 05:22:00 GMT
CNBC's Annette Weisbach updates on a state election in Lower Saxony, Germany, won by the SPD party.
Yellen sounds upbeat on economy, signaling likely rate hike
Sun, 15 Oct 2017 13:21:00 GMT
Yellen's comments suggest the Fed will soon resume raising interest rates to reflect the strengthening economy.
Fed's Rosengren warned 'large policy mistakes' could come from setting a specific rule for setting policy
Fri, 13 Oct 2017 13:05:00 GMT
Forcing the Fed to hew to a specific rule for setting monetary policy could lead to "large policy mistakes," a U.S. central banker argued.
Economic Data, Earnings News In Focus On Wall Street
Fri, 13 Oct 2017 12:57:26 GMT
The major U.S. index futures are pointing to a higher opening on Friday following the modestly pullback seen in the previous session.
US retail sales bounce back from August, highest in 2 ½ years
Fri, 13 Oct 2017 12:30:00 GMT
U.S. retail sales were lower than expected in September but recovered from the prior month's 0.2 percent slide.
Soaring gas prices boost consumer prices, but inflation remains muted
Fri, 13 Oct 2017 12:30:00 GMT
U.S. consumer prices recorded their biggest increase in eight months in September as gasoline prices soared.
US hikes tensions in NAFTA talks with call for 'sunset clause'
Fri, 13 Oct 2017 10:22:00 GMT
Washington increased tensions in talks to renew the North American Free Trade Agreement by proposing any new deal be limited to five years.
Older, sicker Americans will foot the bill for Trump’s healthcare orders
Thu, 12 Oct 2017 21:45:00 GMT
That makes Trump's orders a regulatory means of achieving what Obamacare did in 2010: redistributing income from one group of Americans to another.
General Motors plans to temporarily shut down Detroit factory over slow demand, report says
Thu, 12 Oct 2017 20:49:00 GMT
GM will temporarily close a Detroit factory, The Wall Street Journal reported Thursday, citing unnamed sources.
Stocks are 'fully priced' at these levels, Boston Fed president says
Thu, 12 Oct 2017 20:46:00 GMT
Boston Fed President Eric Rosengren told CNBC's "Closing Bell" on Thursday he thinks stocks are "fully priced."
This should be the GOP's priority for tax reform
Thu, 12 Oct 2017 15:40:00 GMT
Here's what Republicans should prioritize when it comes to tax reform, Jeffrey Dorfman writes in the National Review.
Fed's Powell: Emerging markets likely to cope with normalizing global economy
Thu, 12 Oct 2017 14:59:00 GMT
The normalization of monetary policy in the U.S. and other advanced economies should be manageable for emerging markets, says Fed Governor Jerome Powell.
Fed's Brainard sees merits to allowing higher inflation after future recessions
Thu, 12 Oct 2017 14:59:00 GMT
Fed Governor Lael Brainard says interest rate hikes should be held until inflation rises above a specific target.
Jamie Dimon: I will hire more workers if Trump's tax reform passes
Thu, 12 Oct 2017 14:54:00 GMT
JPMorgan Chase will be "boosting jobs and wages more than we otherwise would have" if corporate taxes are cut, CEO said.
Profit Taking May Lead To Initial Weakness On Wall Street
Thu, 12 Oct 2017 12:56:35 GMT
The major U.S. index futures are pointing to a lower opening on Thursday after stocks moved modestly higher over the course of the two previous sessions.
Technical Analyst Sees Higher Interest Rates
Wed, 11 Oct 2017 19:43:35 GMT

Technical analyst Louise Yamada spoke on CNBC's "Futures Now" about interest rates. She is watching the two-year Treasury yield and the 10-year Treasury yield, and it looks to her interest rates are on their way to a new rising cycle.

Yamada thinks the uptrend for the ...

Full story available on Benzinga.com

Cramer: Trump's Federal Reserve Nominee Is 'Fabulous' News For Bank Investors
Wed, 11 Oct 2017 19:12:22 GMT

President Donald Trump's nominee to serve as the Federal Reserve's vice chair of supervision is great news for bank investors, CNBC's Jim Cramer argued during his daily "Mad Money" show Tuesday. Trump nominated Randal Quarles, a private equity professional and former undersecretary of the Treasury during the George W. Bush administration, to act as the central bank's first-ever vice chair for supervision.

The banking industry has been plagued by strict regulations, which were set in place during the Obama administration ...

Full story available on Benzinga.com

Big Banks JPM, C, BAC And WFC Report Third Quarter Earnings This Week
Wed, 11 Oct 2017 17:36:30 GMT

As third quarter earnings season gets going, the first round of major banks report on Thursday and Friday this week. JPMorgan Chase & Co. (NYSE: JPM) and Citigroup Inc (NYSE: C) report earnings before market open on Thursday, October 12. Bank of America Corp (NYSE: BAC) and Wells Fargo & Co (NYSE: WFC) report earnings before market open on Friday, October 13.

Financial stocks have had quite a rally since early September. Some of the catalysts that appeared to have pushed shares higher were the increasing likelihood of a Fed rate hike in December, further details regarding the Fed’s plans to start reducing its $4.5 trillion balance sheet that ballooned in the wake of the financial crisis and the release of President Trump’s framework for proposed tax reform. There was some optimism that the Fed’s actions appear to be driven by sustained economic growth and not an attempt to rearm themselves to prepare for the next economic downturn.

Later today, the Federal Open Market Committee (FOMC) will release the minutes from its September meeting and there’s also a string of Fed governors speaking. With the minutes and plenty of Fed governors to listen, there could be some additional clarity around the Fed’s thinking and plans.

The probability for a Fed rate hike in December has increased over the past several weeks, with CME’s FedWatch Tool putting the odds at a 91.7% chance the federal funds rate will be raised a quarter of a percentage to a target range of 1.25% to 1.50%. Despite a recent rise in U.S. Treasury yields,  the spread between short and long-term interest rates remains pretty flat. If the spread between long-term and short-term interest rates continues to shrink it could pressure earnings in the sector because banks tend to borrow in the short-term and lend to consumers and businesses over longer periods of time (mortgages, long-term company debt, etc.) 

Speaking of the Fed, earlier this year many of the banks announced dividend hikes and share repurchases following the Fed’s approval of the banks’ annual stress tests that are designed to test the banks’ ability to withstand another financial crisis. CFRA analysts are expecting payout ratios above 80% for the six largest diversified and investment banks in the second half of 2017. The significant share repurchases have been widely cited as one factor that is increasing bank earnings.  

One factor that has negatively impacted the major banks across the board in recent quarters has been a decline in revenue generated from fixed income, currencies and commodities trading. CEOs warned in the past of declines in trading revenue and several have recently reiterated those warnings, again citing low volatility. Earlier in September, JPM’s CEO Jamie Dimon said its third-quarter trading revenue will decrease about 20% year-over-year and C’s CEO John Gerspach said it could drop about 15%. 

Below we’ll take a look at what might be expected for the banks’ upcoming earning as well as recent options trading activity in the stocks.

screen_shot_2017-10-11_at_1.22.52_pm.png

FIGURE 1: THREE MONTH PERFORMANCE FOR THE ...

Full story available on Benzinga.com

Fed Minutes Likely To Be In Focus On Wall Street
Wed, 11 Oct 2017 12:43:38 GMT
The major U.S. index futures are pointing to a modestly lower opening on Wednesday, although early trading activity may be somewhat subdued ahead of the release of the minutes of the latest Federal Reserve meeting this afternoon.
Futures Pointing To Higher Open On Wall Street
Tue, 10 Oct 2017 12:50:15 GMT
The major U.S. index futures are pointing to a higher opening on Tuesday following the lackluster performance seen in the previous session.
Stocks May Extend Upward Trend In Early Trading
Mon, 09 Oct 2017 12:45:15 GMT
The major U.S. index futures are pointing to a higher on Monday, with stocks poised to extend the upward trend seen over the past several sessions.
Unexpected Drop In Employment May Weigh On Wall Street
Fri, 06 Oct 2017 13:00:49 GMT
The major U.S. index futures are pointing to a lower opening on Friday following the upward trend seen over the past several sessions.
Watching If Oil Can Hold $50 As Payrolls Data Straight Ahead
Thu, 05 Oct 2017 13:59:46 GMT

Parts of the country seem to be enjoying extended summer weather, and the market is acting in some ways like an extended summer market: Quiet and a little slow. All the indices barely eked out gains on Wednesday to continue their winning streak ahead of Friday’s payrolls report and the start of earnings season

The S&P 500 Index (SPX) begins the day on its longest winning streak since May. All the major indices remain at record highs, but there wasn’t a lot of conviction in pre-market trading. While U.S. trading was generally quiet in the pre-dawn hours, European and Asian markets mostly rose. Friday’s September payrolls data loom large, with analysts expecting jobs growth of less than 100,000 in part due to last month’s hurricane damage. 

Fed speakers and factory orders take the stage Thursday, but what might be the most exciting feature of the session is seeing if crude oil can hold the $50 a barrel level. Crude slipped under that mark late Wednesday for the first time in several weeks, and fell to $49.85 early Thursday. It’s mostly a technical game, but oil has shown pretty good resilience in staying above $50 lately. It’s bent but it hasn’t broken.

Major indices haven’t been bending much, overcoming early weakness on Wednesday to post new record highs once again. Firm economic data over the last week or so, along with continued hopes for some sort of tax reform out of Washington, seem to be underpinning stocks. A major bank said in a report yesterday that chances of tax reform are 65%, and some investors hope that lower corporate taxes could give stocks a lift even if earnings aren’t as jubilant as they’ve been the last few quarters (see below).

In just a week, the market will be pondering Q3 earnings from the big banks. The financial sector took a step back on Wednesday but has had a good last month, rising more than 5%. Still, some Wall Street ...

Full story available on Benzinga.com

Stocks May Continue To Benefit From Recent Upward Momentum
Thu, 05 Oct 2017 12:50:20 GMT
The major U.S. index futures are pointing to a modestly higher opening on Thursday, with stocks poised to extend the upward trend seen over the past several sessions.
Financial Stocks Have Been Rallying Ahead Of Upcoming Q3 Earnings
Wed, 04 Oct 2017 17:50:44 GMT

Earnings season kicks into full gear in the next few weeks, with some of the biggest banks in the financial sector gearing up to report their results. Citigroup Inc (NYSE: C) and JPMorgan Chase & Co. (NYSE: JPM) report before market open on Thursday, October 12; Bank of America Corp (NYSE: BAC) and Wells Fargo & Co (NYSE: WFC) report before market open on Friday, October 13. The following week, Goldman Sachs Group Inc (NYSE: GS) and Morgan Stanley (NYSE: MS) report  before market open on Tuesday, October 17.

Wall Street analysts have said they are expecting positive earnings growth from the major banks, with consensus estimates calling for growth that ranges from low to high-single digits. Outside of upcoming earnings, the spotlight has been back on the financial sector following the Federal Open Market Committee’s  September meeting and the initial framework for proposed tax reform. Below we’ll look at what’s been going on in the sector.

screen_shot_2017-10-04_at_1.37.35_pm.png

FIGURE 1: SEPTEMBER RALLY. During a quiet month of trading in August that was impacted by uncertainty regarding the extent of hurricane damage and the potential impact on insurers and other financial companies, the S&P Financial Select Sector Index ($IXM) gave up most of its gains on the year. In September though, the index sharply rallied and is up 11.24% year-to-date as of October 4, compared to a 12.26% increase in the S&P 500 (SPX), which is the purple line in the chart above. Chart source: thinkorswim® by TD Ameritrade.  Data source: Standard & Poor’s. Not a recommendation. For illustrative purposes only. Past performance does not guarantee future results.

The Federal Reserve, Interest Rates and Balance Sheet Unwinding

Even though interest rates have remained low, they’ve  started to creep up again. Generally, as interest rates go up, some of that gets passed onto consumers and businesses in ...

Full story available on Benzinga.com

Profit Taking May Lead To Early Weakness On Wall Street
Wed, 04 Oct 2017 12:48:24 GMT
The major U.S. index futures are pointing to a modestly lower opening on Wednesday, with stocks likely to give back some ground after trending higher in recent sessions.
Stocks May See Further Upside In Early Trading
Tue, 03 Oct 2017 13:27:08 GMT
The major U.S. index futures are pointing to a modestly higher opening on Tuesday, with stocks poised to extend the upward move seen in the previous session.
Choppy Trading May Persist On Wall Street
Fri, 29 Sep 2017 12:55:51 GMT
The major U.S. index futures are pointing to a roughly flat opening on Friday, with choppy trading likely to persist following the relatively lackluster seen in the previous session.
Tax Plan and GDP in Focus But Market Appears Ready for A Breather
Thu, 28 Sep 2017 16:09:30 GMT

Markets start Thursday near record highs after Republicans unveiled tax reform details. Today brought a strong reading on quarterly economic growth, but stocks appear ready to take a breather after Wednesday’s rally.

The big news early Thursday was the government’s final estimate for Q2 gross domestic product, which rose to 3.1% from 3% last time out. While the number didn’t change much, it could reinforce perceptions that the economy continues to improve. It’s the first quarter with 3% growth in two years. The question is whether this strength can continue.

Investors appeared happy yesterday with what they saw in the tax plan, judging by market reaction. Still, a lot of details remain to be ironed out and there’s no guarantee the plan presented Wednesday will resemble its current form when finalized. Think of yesterday’s proposal as kind of being like the first bid on a house. It’s just the opening of negotiations.

Bottom line: Tax reform remains a potentially bullish factor. But the devil’s in the details, and it’s early to make predictions about how it might ultimately come out.

All the major indices rose Wednesday after Republicans presented their tax plan, but the biggest gains came in the Russell 2000 (RUT) index of small stocks, which rolled up a nearly 2% increase to another all-time high. The RUT is up more than 10% in just over a month, and that could partially reflect hopes for tax reform. One school of thought suggests that tax reform could help small stocks more than bigger ones, mainly because smaller companies tend to do most of their business within the U.S. Additionally, these companies tend to pay, on average, a higher tax rate than big corporations.

The info tech sector, which had been flagging, also stormed ahead Wednesday to come in second on the sector leader board behind only financials. Both info tech and financials climbed more than 1%, and consumer discretionary and energy — considered cyclical sectors — also posted strong gains, while the so-called “defensive sectors” trailed. So far this week, the market seems to have regained some of the “animal spirits” that fueled its rally earlier this year. Perhaps seeing more details of the long-awaited tax plan helped provide the spark.

Financials might have gotten a lift in part from the tax plan, ...

Full story available on Benzinga.com

Trump's Tax Reform Plan Remains In Focus On Wall Street
Thu, 28 Sep 2017 12:57:03 GMT
The major U.S. index futures are pointing to a lower opening on Thursday, with stocks poised to give back ground after the upward move seen in the previous session.
Upbeat Durable Goods Data May Generate Buying Interest
Wed, 27 Sep 2017 12:54:32 GMT
The major U.S. index futures are pointing to a higher opening on Wednesday following the mixed performance seen in the previous session.
The Fed Decision Has Livened Up Leveraged Regional Bank ETFs
Tue, 26 Sep 2017 19:51:23 GMT

A Federal Open Market Committee meeting is usually good for some increased activity in regional bank stocks and the relevant ETFs. Historically, regional bank stocks are highly correlated to Fed action, rising on expectations of higher interest rates and often tumbling when the Fed sounds dovish tones.

 

The largest regional bank ETF is higher by 10 percent amid last week's news that the Fed is starting to unwind its balance sheet For short-term traders, that could mean fresh opportunity with the Direxion Daily Regional Banks Bull 3X Shares (NYSE:DPST).

 

DPST looks to deliver triple the daily returns of the S&P Regional Banks Select Industry Index, one of the most widely followed regional bank benchmarks in the U.S. That index is ...

Full story available on Benzinga.com

Markets Hug Flat Line In Early Going; Yellen Speech, Reports Might Nudge Them
Tue, 26 Sep 2017 14:13:44 GMT

 In the early going, the market’s three major benchmarks were bouncing around the flat line with potential to snap a three-day losing streak as the day starts the heavy inflow of economic data for the week and an afternoon speech by the Central Bank’s chair.

Consumer confidence is out this morning as are reports on home sales and prices. But what might grab an abundant amount of attention is a speech later today by Federal Reserve Chair Janet Yellen, whose words are likely to be carefully weighed. A bevy of Federal Open Markets Committee (FOMC) members spoke yesterday (see below), with another pack of Fed members on the dais today. It might be worth pointing out again that a lack of market impetus often leads to a low volume, big movement session, so be careful with big trades.

The healthcare sector, which took a hit yesterday, could grab headlines again today as lawmakers wrangle with the Graham-Cassidy bill to repeal Obamacare. Federal tax reform is also on the agenda. Keep an eye, too, on the technology sector, which has been battered in recent sessions.  

Yesterday, all three benchmarks were sharply lower within the first 90 minutes of trading, and then were on a roller coaster much of the session. Some of the volatility might have been tied to a sharp exchange of words between the U.S. and North Korea. North Korea said the U.S. had declared war on it; a White House spokesperson called that “absurd,” and Defense Secretary James Mattis said at a press conference today in India that the U.S. goal is “solve this diplomatically,” according to published reports.

By the session’s close, all three had ...

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Tech Stocks May Lead The Way Back To The Upside
Tue, 26 Sep 2017 12:55:35 GMT
The major U.S. index futures are pointing to a higher opening on Tuesday following the weakness seen in the previous session. Tech stocks may regain ground following yesterday's sell-off.
Futures Pointing To Initial Weakness On Wall Street
Mon, 25 Sep 2017 12:53:40 GMT
The major U.S. index futures are pointing to a modestly lower opening on Monday, with the Dow futures down by 19 points.
September Is Called The 'Banana Peel' Month For Stocks; Here's Why
Sat, 23 Sep 2017 13:03:15 GMT

The stock market is rife with generalizations, from “sell in May and go away,” to “buy on the rumor, sell on the news.” One such piece of common stock wisdom would have investors white-knuckling their way through the month of September.

LPL Financial’s Ryan Detrick, in a recent research note, called it the “banana peel month” for stocks. Septembers for nearly the past 100 years have seen stocks slip and fall. In fact, since 1928, no month has had a lower ...

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Geopolitical Concerns May Weigh On Wall Street
Fri, 22 Sep 2017 12:55:31 GMT
The major U.S. index futures are pointing to a lower opening on Friday, with stocks likely to see further downside following the modest pullback seen in the previous session.
Fed Announcement May Remain In Focus On Wall Street
Thu, 21 Sep 2017 12:55:32 GMT
The major U.S. index futures are pointing to a modestly lower opening on Thursday following the mixed performance seen in the previous session. Traders continue to digest the Federal Reserve's monetary policy announcement on Wednesday.
Fed Leaves Interest Rates Intact; Market Puts Odds on December Hike
Wed, 20 Sep 2017 21:48:57 GMT

Say goodbye to the easy money policy that the Federal Reserve has pursued since the dawn of the financial crisis. The Central Bank, in a historic move, said today that beginning next month it will take a slow and easy route to unwind the lofty balance sheet it has accumulated these last nine years.

At the same time, the Federal Open Market Committee (FOMC) left interest rates untouched at 1% to 1.25%. The CME FedWatch tool, a predictive measure of Fed funds futures, all but guaranteed that would happen with its near 99% probability call of a nonevent.

“In view of realized and expected labor market conditions and inflation, the committee decided to maintain the target range for the federal funds rate,” the statement reads, reiterating material in the last three statements.

When will the Fed raise rates again£ Hard to tell, as the Fed is good at hinting about what might lie ahead but has tended not to broadcast outright what direction it will take. Wall Street appears to be banking on December, which the Fed seemed to imply was a possibility in the notes. If that happens, the Fed will have upped rates three times this year, which 12 of the 16 Fed members believe is still likely, according to the Fed notes.

At a press conference after the announcement, Chair Janet Yellen noted “economic growth will be held down by the severe” weather disruptions, but not take it off its ultimate path.

“Hurricanes Harvey, Irma, and Maria have devastated many communities, inflicting severe hardship,” the statement says. “Storm-related disruptions and rebuilding will affect economic activity in the near term, but past experience suggests that the storms are unlikely to materially alter the course of the national economy over the medium term.”

Consequently, the Fed continues to expect that, with “gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace, and labor market conditions will strengthen somewhat further.”

But it continues to believe that “economic conditions will evolve in a manner that will warrant gradual increases in the federal funds rate,” adding yet again that “the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run.” However, Yellen mentioned a number of times during the press conference that “nothing is set in stone.”

Still rankling the Fed is the slow-but-picking-up-steam economic growth that appears to be keeping inflation at bay. Though inflation has remained stubbornly below the Fed’s 2% target for some time, it appears the Fed is now adjusting its outlook to the lower measure, an acquiescence that it acknowledged at its July meeting.

“Higher prices for gasoline and some other items in the aftermath of the hurricanes will likely boost inflation temporarily; apart from that effect, ...

Full story available on Benzinga.com

The 'Historical Unicorn Event' Investors Should Be Concerned With
Wed, 20 Sep 2017 20:39:37 GMT

Investors don't appear to care that Deutsche Bank strategists think global stocks are not only at an "elevated" valuation, but "possibly the most elevated in aggregate through history."

As most major stock indices continue trading near their all-time highs, Boris Schlossberg, managing director of foreign exchange strategy at BK Asset Management, agrees that strategists and investors need to reassess their thinking.

Stocks and bonds are currently trading at a "gross overvaluation" and this is a major concern, ...

Full story available on Benzinga.com

Fed Maintains Interest Rates, Announces Start To Balance Sheet Normalization
Wed, 20 Sep 2017 18:32:19 GMT

Having already laid the groundwork with two interest rate hikes this year, the Federal Open Market Committee took an unprecedented step to tighten its monetary policy Wednesday.

As expected, the FOMC confirmed it would begin to contract its sizeable balance sheet and shrink its bond portfolio in October.

Although this is generally done through the sale of assets and liabilities, the committee earlier rejected this market-disrupting route and instead committed to a passive strategy of “ceasing or phasing out the Fed’s current practice of replacing or rolling over maturing assets.”

The central bank holds more than $4.5 trillion in assets, largely built during the financial crisis when it began buying long-term Treasurys and mortgage-backed securities.

How This Could Play Out

Some are optimistic that the Fed can effect gradual changes without shocking the system.

“The Fed is continuing what it has done well so far – that ...

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USD/JPY: Marginally Lower Ahead Of Fed, BOJ
Wed, 20 Sep 2017 15:22:19 GMT

The USD/JPY pair trades marginally lower on a daily basis but is holding above the 111.00 level, which seems to be a downward corrective movement according to technical readings.

Not only the will the Fed have its monetary policy meeting Wednesday, but so too will the Bank Of Japan, which will unveil its latest decision in the early Asian session on Thursday.

Nevertheless, the BOJ is not expected to announce changes to its ...

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Looming Fed Announcement May Lead To Choppy Trading On Wall Street
Wed, 20 Sep 2017 12:42:18 GMT
The major U.S. index futures are pointing to a roughly flat opening on Wednesday after the major averages edged up to new record closing highs in the previous session.
Markets Move Moderately Higher As Wall Street Awaits Balance Sheet Reduction Plan
Tue, 19 Sep 2017 14:26:12 GMT

Another day, another record£ Stocks were mostly trekking modestly to the upside in the early going today after all three major benchmarks notched another day in fresh-peak territory yesterday.

The Dow Jones Industrials ($DJI) posted its fifth straight and 40th closing high of the year yesterday, 30 of them since April. Meanwhile, the S&P 500 (SPX) is nipping at that record milestone on the year too. The Nasdaq Composite (COMP) has been following an upward trajectory at a slower pace this year, hitting an intraday high yesterday but falling short of a closing record.

Volume was low as stocks traded in a fairly narrow range, a pattern they might be repeating again today. All three were edging into positive terrain ahead of the open.

As we’ve seen so many times, the markets have tended to stay relatively still the week the Federal Reserve meets. Some investors appear to be wary of making big moves ahead of this week’s two-day meeting, which starts this morning, not to mention the kickoff to third-quarter earnings next month.

Many analysts expect to find out tomorrow if the Fed is raising rates—a highly unlikely event if you follow the CME’s FedWatch Tool, which registers barely a blip of probability that it will. That doesn’t, however, knock out another step up in interest rates this year. December odds are piling up, according to CME, sitting above 56% early today. Other economists and analysts surveyed by CNBC see the December odds notably higher. (See below.)

Wall Street appears to be again waiting for information about when and how the Fed plans to unwind that $4.5 trillion balance sheet accumulated over the last nine years. Listening to market analysts and pundits this week, tomorrow could be The Day that the word on “normalization” might be let out. (See ...

Full story available on Benzinga.com

Upward Momentum May Lead To Continued Strength On Wall Street
Tue, 19 Sep 2017 12:57:47 GMT
The major U.S. index futures are pointing to a higher opening on Tuesday, with stocks poised to extend a recent upward move.
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