News 

Companies are facing an employee burnout crisis

“Despite awareness and well-intentioned workplaces, employee burnout continues to rise” writes unknown author for cnbc.com. Companies are facing an employee burnout crisis: A recent Gallup study of nearly 7,500 full-time employees found that 23 percent of employees reported feeling burned out at work very often or always, while an additional 44 percent reported feeling burned out sometimes.Aside from absenteeism, dissatisfaction and job-hopping, he says that the higher stress resulting from burnout is associated with poor physiological health.And while that may still be true decades later — according to a Medscape…

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Markets News 

Turkish lira recovers sharply against the dollar after record nosedive

“The Turkish lira recovered from its record low in Tuesday morning trading, strengthening around 6 percent against the dollar after Turkey’s central bank pledged to provide liquidity” writes Natasha Turak for cnbc.com. Monday saw the lira hit a record low of 7.2362 to the dollar, down nearly 10 percent in one day.”And the central bank finally came to the table with some behind the scenes tightening.”. The beleaguered currency has lost 28 percent of its value against the greenback since August and more than 40 percent this year amid investor…

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News Regulators 

Wall Street should brace for fewer rate hikes, bullish bank analyst Dick Bove says 

“Veteran bank analyst Richard Bove is dissenting from the Wall Street consensus over interest rate hikes” writes unknown author for cnbc.com. Since Trump appoints Fed board members, central bank policymakers won’t want to disappoint him, according to Bove. “If the Fed backs off, as I’m assuming that they will, then the margins of the banks will stay relatively high,” Bove said. Source: cnbc.com Share This:

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Markets News Stocks 

Nvidia shares are doing something out of the ordinary this quarter

“Bottom line: Nvidia is far outpacing the rest of the semiconductor space this year, and the options market is pricing in little risk for the stock ahead of earnings” writes unknown author for cnbc.com. The stock is far outpacing the broader market, too; the S&P is only up 30 percent in the period. · Heading into earnings, the market is suggesting relatively little risk this quarter.Here’s what she said. · Nvidia is a stock that’s had a magnificent run over the last two years, up over 300 percent versus the…

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News Stocks 

Stocks rise as Home Depot shares jump, Turkish lira rebounds

“Through Tuesday morning, 76.84 percent of S&P 500 companies that have topped analysts’ earnings estimates, according to FactSet” writes Alexandra Gibbs for cnbc.com. The Dow component is the latest company to report better-than-expected quarterly earnings in what has been a very strong reporting season.Home Depot shares rose 0.1 percent after its second-quarter earnings and revenue easily topped Wall Street estimates. Source: cnbc.com Share This:

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News 

Italy, not Turkey, is the biggest threat to European banks right now, strategist says

“The European Central Bank (ECB) was reported Friday to be concerned that the ongoing currency crisis in Turkey could result in problems for the continent’s banks” writes Krisztian Bocsi for cnbc.com. However, the real problem for Europe’s banking industry is Italy and what happens in that country in the coming months, an analyst said Tuesday.”The issues in Italy… in the next three months are going to dictate the whole European banking narrative for the next three to five years,” Tom Kinmonth, fixed income strategist at ABN Amro, told CNBC’s “Squawk…

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News 

Car crash into pedestrians, cyclists outside parliament in London treated as terrorism

“Donovan Parsons, a cameraman for ITV’s “Good Morning Britain,” was filming outside Parliament when he heard a loud crash” writes Jill Lawless for sun-sentinel.com. “I saw the car crash into the barrier outside Westminster Palace, with smoke coming out of the vehicle.Eyewitnesses said the silver car was traveling at high speed when it hit pedestrians and cyclists, then crashed into a barrier designed to protect Parliament from vehicle attack. Source: sun-sentinel.com Share This:

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News 

The Daily 202: By overturning ballot initiatives, more lawmakers are rejecting the will of their voters

“In South Dakota, Republican lawmakers early last year repealed an ethics reform package that voters approved in 2016” writes Joan Greve Is for washingtonpost.com. The fight here reflects a national trend in which state lawmakers of both parties are persistently working to overturn decisions made by voters at the ballot box. Source: washingtonpost.com Share This:

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News Oil Reviews 

Oil Daily Review August 14, 2018

Oil Daily Review for August 14, 2018 How The Pieces Add Up: The SPDR S&P Oil & Gas Exploration & Production ETF Targets $52 For the SPDR S&P Oil & Gas Exploration & Production ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $52.16 per unit.   Turmoil In Turkey Adversely Affects Weekly Charts For 9 Major Global Equity Averages Overseas markets slumped on the continued Turkey turmoil , which has caused the major averages in Japan, China and Germany to…

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News 

UBS: Turkey could be heading into a balance-of-payments crisis

“Tilmann Kolb of UBS wrote in a note four days ago that Turkey could be headed into “a full-fledged balance-of-payments crisis.”” writes Jim Edwards for businessinsider.com. That U-turn seems unlikely, analysts say, because of Erdogan’s apparently irrational belief that high interest rates are “evil.”. The Argentinian central bank has hiked rates to fight its crisis, all the way up to 45%.In basic terms, if you have high inflation then the central bank should increase interest rates to drive prices down again. Source: businessinsider.com Share This:

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