Markets News Stocks 

S&P 500 logs worst day in 6 weeks as Turkey’s lira crisis spotlights global risks

“Also read: Another stock market risk: GDP growth is slowing across the globe Providing critical information for the U.S. trading day” writes Markets Reporter for marketwatch.com. See more in the U.S. Economic Calendar. “Turkey’s currency volatility has recently accelerated and now gotten to the point where it’s beginning to impact global markets as investors worry about European banking exposure,: said Alec Young, managing director of global markets research at FTSE Russell.Friday was the Dow’s third straight daily decline, as well as its biggest one-day percentage fall since July 11. Source: marketwatch.com…

Read More
News Stocks 

Ignore the Drop: Analysts Say Dropbox’s Stock Decline Is Short-Lived

“He added that the decline is likely driven by people less familiar with the company, who are “spooked” by the revelation” writes Kevin Curran for thestreet.com. Murphy maintained an overweight rating and a price target of $35, expressing his optimism for the stock despite the discontent with the leadership change.I get it, buyers can get scared, but in the longer-term view we think you can make money on this stock.”.  Source: thestreet.com Share This:

Read More
News 

Merck KGaA profit dragged lower by liquid crystal decline, forex

“Germany’s Merck KGaA saw adjusted core earnings decline 13.7 percent in the second quarter on lower revenues from liquid crystals used in flat screens and a strong euro weighing on the value of overseas sales” writes Reuters With Cnbc for cnbc.com. Merck on Thursday reported 920 million euros ($1.07 billion) in second-quarter adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA), below market expectations of 960 million.The chemicals and drugs maker said it expected adjusted EBITDA from continuing operations to decline to 3.75 to 4.0 billion euros in 2018, stripping…

Read More
News Stocks 

Snap stock volatile after first quarterly guidance and user decline

“The other reason average user revenue could be increasing is that they are commanding higher prices” writes Tech Reporter for marketwatch.com. Snap SNAP, +0.54%  executives said in its second-quarter earnings call Tuesday that the decline in user numbers was related to the company’s ill-fated redesign efforts, but would not offer guidance for the second half of the year.At the high end Snap’s revenue guidance, it met Wall Street’s expectations for the upcoming third quarter, unlike its social-media rivals Twitter Inc.North America is Snap’s most valuable market, with average user revenue…

Read More
News 

Blue Apron’s steady decline in business, as well as its latest quarterly report, hint at a troubling trend in the meal-kit industry

“Meal-kit service Blue Apron’s latest quarterly results point to a troubling trend in the industry” writes Jenny Cheng for businessinsider.com. As this chart from Statista shows, business for the service has seen a steady decline since the beginning of 2016.Blue Apron’s quarterly report also follows news of fellow service Chef’d laying off hundreds of employees and ceasing business operations. Source: businessinsider.com Share This:

Read More
Futures News Oil 

Oil markets: US stockpiles unexpectedly rise biggest monthly slump in two years

“Saudi Arabia suspended oil shipments through the strait last week after the Houthis attacked two Saudi oil tankers” writes unknown author for cnbc.com. Brent fell more than 6 percent in July, while U.S. crude futures slumped about 7 percent, the biggest monthly decline for both benchmarks since July 2016.U.S. crude futures were down 44 cents, or 0.6 percent, at $68.32 a barrel, having dropped nearly 2 percent on Tuesday.Oil prices fell on Wednesday after industry data showed U.S. stockpiles of crude unexpectedly rose, starting the new month in negative territory…

Read More
News Regulators 

Gold notches 3rd straight decline ahead of Fed gathering

“Gold finished lower Monday, booking a third straight decline, as the precious metal encountered resistance amid rising U.S. government bond yields, even as the dollar softened” writes Mark Decambre for marketwatch.com. December gold, the most-active contract, finished $1.20, or less than 0.1%, lower at $1,231.50 an ounce.Higher rates can undercut the appeal of commodities like gold that don’t offer a yield.A weaker dollar usually makes bullion more appealing to buyers using other currencies, and gold tends to rise as stocks, viewed as risky assets, fall.The decline for gold comes a…

Read More
News 

The Marshall Plan That Failed

“Both look back with nostalgia to a lost golden age, when America did great things at home and on the world stage” writes Daniel Kurtz-phelan for theatlantic.com. Trump’s story of decline is just a cruder version of a more widely accepted narrative; it was able to take hold because he delivered it to a nation already in thrall to its own myths. Source: theatlantic.com Share This:

Read More
Markets News Stocks 

Facebook’s stock set to enter bear-market territory after third straight decline

“Many chart watchers say a new bear market starts after a fall of 20% or more from a bull-market high” writes Emily Bary for marketwatch.com. Facebook’s stock is down 2.7% so far in 2018, while the S&P 500 SPX, -0.20% has gained 5.3%.The stock has now fallen 22% from its record close of $217.50 on July 25, and will officially be in a bear market if it closes at that level.Shares of Facebook sold off 19% in Thursday’s session after the company delivered a sharp warning about its future revenue…

Read More