Markets News Stocks 

Linde: Over 50% shares tendered in Praxair offer

“Now that the exchange has passed 50%, stock market operator Deutsche Boerse AG (DB1.XE) can replace Linde AG shares on the stock market with the Linde PLC shares” writes Max Bernhard for marketwatch.com. Linde AG (LIN.XE) said Friday that 50.85% of its outstanding shares have been tendered by shareholders as part of an exchange offer tied to its planned merger with Praxair Inc.That in turn allows index funds to tender any Linde AG shares they hold, raising the likelihood of the merger’s success.PX, +1.94% For the deal to go through…

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Gains by banks, technology firms lead US stocks higher

“KEEPING SCORE: The Standard & Poor’s 500 index rose 11 points, or 0.5 percent, to 2,573 as of 3:10 p.m” reports foxbusiness.com. Technology companies and banks led U.S. stocks higher in late-afternoon trading Friday, placing the market on course to extend its gains for the week.TAX CUT NEXT?: The passing of a $4 trillion budget resolution in the Senate stoked hopes on Wall Street that President Donald Trump’s tax reform package will be enacted.Higher bond yields allow banks to charge higher interest rates on mortgages and other loans.They also drew…

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Tencent-backed gaming and shopping company Sea stumbles in US IPO

“Shares of Singapore-based online gaming and e-commerce company Sea stumbled in the company’s U.S. stock market debut Friday” writes Brendan Mcdermid for cnbc.com. Shares priced at $15 apiece, above the expected range of $12 to $14, in the $884 million IPO. Shares opened at $16.25 on the NYSE but fell below $15 within the first hour of trading.The company trades under the ticker symbol “SE.” The Tencent-backed company also boosted the original offer size of 49.69 million shares by 18.7 percent in response to strong demand. “We built a very…

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News 

Mom shares horrifying photo after pumpkin patch trip

“This was me 2 years ago after being bit by a tick and contracting Rocky Mountain spotted fever at a pumpkin patch,” she continued” writes Aol Com for aol.com. Jennifer Velasquez, who lives in San Diego, took to Facebook on October 13 to share a horrifying photo of her leg taken in 2015 after she was bitten by a tick while visiting a pumpkin patch with her family. Source: aol.com Share This:

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General Electric’s disastrous earnings report caught traders off guard

“General Electric’s stock is getting whacked after the company fell short of analyst estimates and slashed its forecast” writes Joe Ciolli for businessinsider.com. Less than 10 minutes into Friday’s trading session, GE’s stock had already seen two-thirds of the volume it normally sees in a full day.In addition, short interest on GE — a measure of bets that the stock will fall — actually declined heading into the earnings report, implying that investors were getting more confident in the preceding weeks.They were paying the lowest premium in eight years to protect against…

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Futures Markets News Stocks 

Global stocks get modest boost from US tax hopes

“U.S. shares were poised for a solid opening with Dow futures and the broader S&P futures up 0.2 percent” reports foxbusiness.com. World stock markets pushed higher Friday after the passing of a budget resolution in the U.S. Senate stoked hopes that President Donald Trump’s tax reform package will be enacted.The FTSE 100 index of leading British shares was 0.3 percent higher at 7,542.US TAX PLAN: The Senate on Thursday narrowly approved the budget plan, methodically working through a pack of amendments and rebuffing Democrats’ successive attempts to reshape the blueprint…

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Skechers stock zooms 24% premarket after earnings blow past estimates

“SKX, -4.22% zoomed more than 24% in premarket trade Friday, after the company blew past earnings estimates for the third quarter” writes Ciara Linnane for marketwatch.com. Skechers’ international wholesale business grew by 25.7% and China growth was about 50%.”SKX’s results are evidence that SKX is not the one trick pony it once was,” analysts led by Sam Poser wrote in a note. Source: marketwatch.com Share This:

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European stocks nudge higher as Volvo rallies

“European stocks edged higher Friday, but Spanish stocks were held back as worries persisted about the Spain-Catalonia standoff over independence for the wealthy region” writes Markets Reporter for marketwatch.com. The swing to a weekly decline in European stocks was driven in part by Spanish shares, which have struggled as tensions over Catalonia’s bid for independence persist.What’s driving markets: The firm open for European stocks was driven in part by a decline in the euro EURUSD, -0.4219%  against the U.S. dollar, as a weaker euro can make European products less expensive…

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FTSE 100 gains as U.S. budget vote pushes pound lower

“The 51-49 vote paves the way for tax reforms that could lead to $1.5 trillion in U.S. tax cuts, analysts said” writes Markets Reporter for marketwatch.com. U.K. stocks on Friday marched higher, courtesy of the pound’s fall against the dollar, putting the benchmark FTSE 100 on track for a weekly rise.What stocks are doing: The FTSE 100 index UKX, +0.11% picked up 0.4% to 7,552.78 and briefly popped above the record close of 7,556.24 made last week.Sterling’s loss of strength came after the U.S. Senate narrowly approved a Republican budget…

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Markets News 

GE: Getting Excited For The Future

“Can things still get worse for GE shares?” writes Michael Kramer for investopedia.com. But this is an exciting time to be a General Electric shareholder because if the new CEO can cut expenses and make GE a leaner, more streamlined company and drive revenue growth, the company has a very bright future ahead.After all, John Flannery has only been CEO of the company for a few weeks. Past performance is not indicative of future performance.The current situation is gut-wrenching, for sure, but remember that investing is always about the future…

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