Markets News Stocks 

Bill Ackman buys protection against stock market turmoil

“Billionaire hedge-fund manager Bill Ackman revealed he bought protection against a stock market drop due to rising geopolitical risk” writes Adam Jeffery for cnbc.com. This hedge “will protect against stock market risk,” he said, specifically citing a potential conflict on the Korean peninsula.The hedge-fund manager has become embroiled in a public battle concerning his latest activist position, ADP. Ackman revealed on the call he raised an additional $500 million in a co-investment vehicle for the firm’s ADP investment. Source: cnbc.com Share This:

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The first high-end ‘Nokia’ phone in years has been announced

“HMD Global on Wednesday announced the Nokia 8, the first high-end smartphone the Finnish company has released since it acquired the rights to the famed Nokia brand last year” writes Jeff Dunn for businessinsider.com.au. To date, the company has only released one phone with the Nokia branding Stateside: the Nokia 6, a budget-level device that is sold exclusively through Amazon.An HMD representative said its new Nokia phones have been selling “in the millions,” but the Nokia 8 represents its first real stab at the premium market. Source: businessinsider.com.au Share This:

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Tesla and Amazon raising billions in the debt market shows why traders shouldn’t be scared of big stock drops

“While Amazon has a better credit rating than Tesla, that’s still a huge chunk of debt to be assuming” writes Joe Ciolli for businessinsider.com. Another one of the market’s hottest stocks is getting in on the credit market action: Amazon.”The credit market is indicating that any drawdowns are likely to remain brief and that the equity bull market is likely going to continue for a number of years.”. The Jeff Bezos-led tech titan is looking to tap the bond market to raise $16 billion in order to fund its recently-announced…

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Apple sets record with C$2.5 billion Maple bond market issue

“TORONTO (Reuters) – Apple Inc priced its C$2.5 billion ($1.96 billion) in seven-year bonds in a Canadian-dollar-denominated issue, one of the joint book-running managers said on Tuesday, setting a record amount for an issuer in the Maple bond market” writes Fergal Smith for reuters.com. The deal comes as the Maple bond market, which had previously been dominated by foreign banks, attracts more issuance from companies.An Apple spokesman declined to comment on the size or price of the deal.Apple’s size and brand name allows the company to borrow cheaply, said Altaf…

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Crypto Markets News 

Bitconnect Coin Hits New All-Time High at $115, as Bitcoin Price Surges

“In addition to the rapidly growing value of BCC, it is important to acknowledge the depth of the BCC market” writes unknown author for cryptocoinsnews.com. Throughout last week, during the strong rally of bitcoin, Bitconnect Coin (BCC) gained upward momentum, surpassing the $100 mark for the first time in history and establishing a new all-time high at $115.For years, Monero had remained within the top 10 largest cryptocurrencies list and this week, as BCC recorded a historic rise in value, Bitconnect overtook some of the largest cryptocurrencies in existence.According to…

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6 ways you may be sabotaging your relationship — with your investments

“I have always believed that you must treat your investments in the stock market as you would treat a personal relationship” writes Jeffrey S for marketwatch.com. How can you hope to change your relationship with money if you don’t tackle the factors that are undermining it?. But it may never happen, and the resulting cost of waiting for that extra small bit can be huge in both the stock market and in life.The list of potentially perilous stock market beliefs is lengthy.If you’re determined to retain that long-term family investment,…

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CBO: Trump threat to scrap cost-sharing payments would increase federal deficits, premiums

“The cost-sharing reduction payments pay back health insurers for the increased cost of certain plans on the ACA’s marketplaces” writes Emma Court for marketwatch.com. Withholding the Affordable Care Act’s cost-sharing reduction payments, which President Donald Trump has threatened to do, would increase federal deficits and increase gross premiums for certain ACA plans, the Congressional Budget Office said in a report released Tuesday.The federal deficit would increase by $194 billion between 2017 and 2026, the CBO said, due to changes in government spending that withholding the payments would prompt.It would also…

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Crypto Markets News 

Bitcoin tumbles below $4,000

“Get the latest Bitcoin price here” writes Frank Chaparro for businessinsider.com.au. These kind of drops are part and parcel with bitcoin, according to Dwyer. “For everyone who is new to bitcoin, this is where we say ‘welcome to crypto-trading,’” he added.Bitcoin has been on a tear following the August 1 fork that split the cryptocurrency in two.Bitcoin has tumbled below $US4,000, down 7% at 3,996 a coin, after a strong surge pushed the cryptocurrency’s price to almost $US4,500 on Monday.Goldman Sachs told clients in a recent note that the cryptocurrency…

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