Heads-up News 

Tokyo Trading Session Heads Up Thursday, December 7, 2017

Tokyo opening news digest

Republicans are about to confront Trump’s ‘red line’ to fix problems in their tax bill

Republican are considering making their corporate tax cut less generous in order to solve problems in their tax bill.

 

GOLDMAN SACHS: Tax reform won’t help the economy much at all

Business Insider’s Sara Silverstein discusses a Goldman Sachs research note, which says that tax reform won’t help the economy much at all.

 

Congress narrowly avoids government shutdown, delays deadline 2 weeks

The House passed a funding bill to keep the government open until December 22. The bill needs to be approved by the Senate to avoid a shutdown on Friday.

 

Goldman Sachs will clear bitcoin futures for some of its clients

Goldman will not act as a market-maker for bitcoin, Bloomberg reported.

 

STOCKS RISE: Here’s what you need to know

Stocks finished in the green on Thursday as bitcoin topped $16,000 for the first time after a wild 48-hour surge that saw fortunes made and exchanges crash…

 

Investors Bancorp to cut workforce by 5%, close 6 branches

Investors Bancorp Inc. ISBC, +0.07% said late Thursday it was laying off about 5% of its workers and closing six of its branch offices. The Short Hill

 

Congress passes bill to avoid government shutdown

The House and Senate both passed a bill Thursday extending government funding through Dec. 22, acting to avoid a federal shutdown this weekend. The go

 

Gilead Sciences to buy Cell Design Labs for $567 million

Gilead Sciences Inc. GILD, -0.78% said late Thursday it will acquire privately held cellular therapy company Cell Design Labs Inc. for $567 million. T

 

Silicon Labs to acquire Sigma Designs

Silicon Laboratories Inc. SLAB, +3.50% has inked an agreement to acquire Sigma Designs Inc. SIGM, +0.00% for $282 million in a cash transaction, Silic

 

United Continental to buy back $3 billion more in shares

United Continental Holdings Inc. UAL, +2.15% shares ticked higher in the extended session Thursday after the airline operator said it would buy back a

 

Sears stock rallies after shareholder lambasts short sellers, but S3 says don’t blame the shorts

Shares of Sears Holdings Corp. SHLD, +6.76% rallied 6.8% in active trade Thursday, after a shareholder urged the department store chain’s board to tak

 




Gun maker American Outdoor slashes earnings forecast amid ‘challenging market conditions’

American Outdoor Brands Corp. AOBC, +4.85% reported declines in earnings and sales Thursday, and projected continued struggles amid what the chief exe

 

Cloudera stock rises after third-quarter earnings beat

Cloudera Inc. CLDR, +1.72% shares jumped in the extended session Thursday after the the company beat earnings expectations. Cloudera shares rose 5.7%

 

Cheer Up

Adage:

“We must remove the emotional element as quickly as possible in trading. If you can do it before you put on a position, you have a good start.”

Cartoon:


Image courtesy: www.forexfactory.com

Have a nice trading!




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