Markets News 

Margaret Thatcher backed single market in draft Bruges speech

“Margaret Thatcher was not a proto-Brexiter but an enthusiastic supporter of the single market, according to draft versions of her celebrated 1988 Bruges speech” writes Owen Bowcott for theguardian.com. In her hand-drafted New Year message at the end of 1988, Thatcher reflected on the country’s achievements, including “progress towards the single market in Europe within the framework of the future which was set out in the speech at Bruges”.But papers made available on Saturday by the Margaret Thatcher Foundation 30 years after its delivery demonstrate that she was looking forward…

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Markets News Regulators 

Trade war risks becoming a dangerous currency war as China weakens yuan the most in 2 years

“On the surface, the tit-for-tat trade war between the U.S. and China appears to be turning into a currency war” writes unknown author for cnbc.com. But some market pros believe if trade wars begin to impact the economy, the Fed rate hikes will slow down.Strategists said the trade war appears to be moving toward a currency war, but whether it becomes one has yet to be seen.Trump told CNBC that trade partners are “making money easy and their currency is falling.”.  Source: cnbc.com Share This:

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Markets News 

Workers are ‘ghosting’ interviews, blowing off work in a strong job market 

“In the hottest job market in decades, workers are holding all the cards” writes unknown author for cnbc.com. A growing number are “ghosting” their jobs: blowing off scheduled job interviews, accepting offers but not showing up the first day and even vanishing from existing positions – all without giving notice.At Carports & More, based in El Dorado Hills, California, nearly half of the 65 job candidates scheduled for interviews the past month didn’t show up. And 2.4 percent of all those employed quit jobs, typically to take another, the largest…

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Markets News 

How Microsoft could become a $1 trillion company

“Analysts are beginning to think that Microsoft is close to being worth $1 trillion, given the company’s latest earnings results” writes Jordan Novet for cnbc.com. Deutsche Bank’s Karl Keirstead and Taylor McGinnis in a Friday note raised their target price from $120 to 130.Following the release of the company’s fiscal fourth-quarter earnings and guidance for the quarters ahead, some analysts raised their price targets on Microsoft stock, reaching as high as $130.”Q418 was a very strong quarter for Microsoft with demand for both the company’s cloud offerings and its on-premises…

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Markets News 

Nonprofit keeps food-stamp recipients from losing farmers market benefits — at least for now

“Amy Crone, executive director of the Maryland Farmers Market Association, for example, estimates that the extension of service will prevent losses in excess of $330,000 to its network of markets and farmers” writes A Former Washington for washingtonpost.com. Nonprofit groups, such as Wholesome Wave, Fair Food Network and the Food Insecurity Nutrition Incentive, a $100 million USDA program, match or supplement SNAP benefits at farmers markets.The association estimates that the potential shutdown of the service could translate to millions of dollars in lost sales at farmers markets. The Farmers Market…

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Markets News Stocks 

Microsoft shares at all-time high after bumper results

“(Reuters) – Microsoft Corp shares rose about 5 percent to an all-time high on Friday, after investors cheered another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services” writes Midwest Communications Inc for 95kqds.com. “I predict that Microsoft’s cloud market share will continue to grow and impress investors.”. Helped by a boom in demand for cloud-based software, Microsoft has more than doubled in value since Satya Nadella took over as chief executive in 2014 and refocused the software behemoth on newer businesses.I don’t see…

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Futures Markets News Oil 

Oil prices trade mixed, contracts remain on track for a third weekly decline in a row

“Oil futures saw mixed trading Friday, finding some support as Saudi Arabia expects to reduce exports in August, easing some concerns of coming oversupply in the market” writes Saefong William Watts for marketwatch.com. The global benchmark, September Brent crude LCOU8, +0.22%  traded at $72.80 a barrel, up 22 cents, or 0.3%, on ICE Futures Europe.Traders also look to the release of weekly U.S. oil rig data from oil-field services firm Baker Hughes BHGE, -0.16%  due at 1 p.m.Prices, however, remained on track for a third-straight weekly decline on renewed trade-war…

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Futures Markets News Oil 

Oil lower on renewed trade-war fears

“Oil futures traded lower Friday, on track for a third straight weekly decline, on renewed trade-war fears after President Donald Trump said he was ready to impose tariffs on all $505 billion worth of Chinese imports” writes Deputy Markets Editor for marketwatch.com. Traders on Friday will be looking ahead to the release of weekly oil rig data from oil-field services firm Baker Hughes.The global benchmark, September Brent crude LCOU8, +0.10%  was flat at $72.58 a barrel, on the ICE Europe exchange.West Texas Intermediate crude for September delivery CLU8, -0.09% the…

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Markets News Stocks 

Target-date funds aren’t the retirement bull’s-eye they’re cracked up to be

“The difference, however, is that the target-date portfolio introduces an element of random chance” writes Nir Kaissar for latimes.com. Because it allocates more to stocks in the beginning, whether those early years happen to coincide with a bull or bear market has a lasting effect.During the 41-year period beginning in 1949, for example — just before the epic bull market of the 1950s — the target-date portfolio beat the static 60/40 portfolio by 0.6 percentage point a year. But during the period beginning in 1929 — just before the Great…

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