Passa ai contenuti principali

Your Weekend Reading: China Clouds American Earnings

Get caught up.

By

Time to take some of the gains off the table in China, says Eastspring's Ken Wong.

Want to receive a daily news briefing, including this weekend edition, in your inbox every day? Sign up here

The earnings flood from U.S. industrials suggests trouble ahead, mostly thanks to China—where the world's top-performing stock market is looking a bit shaky. 3M shares fell the most since 1987 (remember Black Monday?) after the maker of Post-It notes slashed its outlook. Ford beat forecasts, but still lost money in—you guessed it—China. Starbucks, however, couldn't complain.

What you'll want to read this weekend

An Amazon team that reviews commands to Alexa can also access location data, potentially including where you live. 

Millennials tried to kill the American mall. Generation Z might save it, Bloomberg Businessweek reports. But in Europe and Japan, will this younger cohort actually buy anything new?

Facebook said it's trying to police itself during India's elections—with a handful of contract fact-checkers for the nation's 1 billion voters.

A woman says she was already a target for men at Cantor Fitzgerald—and then one of them did something disgusting to her coffee mug.

Unsold luxury homes are piling up in the Hamptons. Listings for these lavish vacation retreats on eastern Long Island have tripled from last year.

What you'll need to know next week

  • The Fed meets with low inflation on its mind
  • It's another week for major earnings, including Apple and Google.
  • Berkshire Hathaway investors should prep for big buybacks.
  • Spain goes to the polls Sunday, and Catalonia is the central issue.
  • A Japanese emperor will abdicate for the first time in 202 years.

What you'll want to read in Bloomberg Pursuits

The ultimate badge of wealth—the private jet—has been getting ever-more expensive and impractical. So a new generation of business models has blossomed for the top-tier jet-set: prepaid cards to book one; share purchases; an app that gets you a non-commercial seat; and a burgeoning charter business. All are options for when first-class isn't good enough.

Commenti

Posta un commento

Post popolari in questo blog

Fwd: The Looming Bank Collapse The U.S. financial system could be on the cusp of calamity. This time, we might not be able to save it.

After months  of living with the coronavirus pandemic, American citizens are well aware of the toll it has taken on the economy: broken supply chains, record unemployment, failing small businesses. All of these factors are serious and could mire the United States in a deep, prolonged recession. But there's another threat to the economy, too. It lurks on the balance sheets of the big banks, and it could be cataclysmic. Imagine if, in addition to all the uncertainty surrounding the pandemic, you woke up one morning to find that the financial sector had collapsed. You may think that such a crisis is unlikely, with memories of the 2008 crash still so fresh. But banks learned few lessons from that calamity, and new laws intended to keep them from taking on too much risk have failed to do so. As a result, we could be on the precipice of another crash, one different from 2008 less in kind than in degree. This one could be worse. John Lawrence: Inside the 2008 financial crash The financial
Posta un commento
Continua a leggere

3 Reasons Why Gold Will Outperform Equities And Bonds

3 Reasons Why Gold Will Outperform Equities And Bonds https://www.forbes.com/ 3 Reasons Why Gold Will Outperform Equities And Bonds For centuries, gold has played a major role in human history and has become interwoven into the financial fabric of society. Beyond its investment following, gold has become synonymous with wealth. Historically, gold's early use cases revolved around money – a form of "medium of exchange". After the second world war however, several countries and their respective currencies, started to shift away from the gold standard and migrated towards a fiat currency system. Today, gold remains largely a "Store of Value", and due to its unique properties and large number of use cases, it has managed to distance itself from other asset classes in terms of correlation, demand / supply drivers, and investment purpose. Gold's idiosyncrasies function as a double-edged sword, as it is challenging to predict
Posta un commento
Continua a leggere

What Will Stocks Do When “Consensual Hallucination” Ends?

The phenomenon works – until it doesn't. What's astonishing is how long it works. There is a phenomenon in stock markets, in bond markets, in housing markets, in cryptocurrency markets, and in other markets where people attempt to get rich. It's when everyone is pulling in the same direction, energetically hyping everything, willfully swallowing any propaganda or outright falsehood, and not just nibbling on it, but swallowing it hook, line, and sinker, and strenuously avoiding exposure to any fundamental reality. For only one reason: to make more money. People do it because it works. Trading algos are written to replicate it, because it works. It works on the simple principle: If everyone believes stocks will go up, no matter what the current price or the current situation, or current fundamental data, then stocks will go up. They will go up because there is a lot of buying pressure because everyone believes that everyone believes that prices will go up, and so they bid up
Posta un commento
Continua a leggere