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Year: 2018

Heads-up News 

Tokyo Trading Session Heads Up Monday, December 31, 2018

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Tokyo opening news digest Why Venezuela’s Hyperinflation Problem Is So Difficult To Solve President Maduro’s government has tried and failed to end hyperinflation. Some have suggested that Bitcoin could empower Venezuelans to bring hyperinflation to an end themselves. But it’s not that simple.   When The Stock Buybacks Go Bye-Bye When the U.S. corporate debt bubble bursts, stock buybacks are going to grind to a halt.   Here Are 4 Advantages Over Mutual Funds You Have As An Individual Investor For many Americans, their sole exposure to the stock market,…

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News Stocks 

Portola stock shoots higher after FDA approval

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“Portola shares had declined about 60% so far this year, as the S&P 500 index SPX, +0.85% has declined 7%” writes Jeremy C for marketwatch.com. PTLA, +14.22% shares jumped Monday after the company announced that the Food and Drug Administration had given an approval that should lead to the launch of its Andexxa drug.Portola’s stock was halted ahead of the news, then jumped about 13% after trading resumed at 3:40 p.m. Source: marketwatch.com

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Robinhood quietly stops users from signing up for cash accounts amid scrutiny from regulators

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“Robinhood, the no-commission stock trading platform, is no longer letting users sign up for its new cash management accounts” writes Jacob Passy for marketwatch.com. Robinhood first announced the cash management accounts on Dec. 13 and initially described them as no-fee checking and savings accounts that would earn 3% interest.A section of the Robinhood app where users could put their name on a waitlist for the cash management accounts disappeared after some users updated the app over the past week.The change also raised more questions about the future of Robinhood’s cash…

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Futures News Stocks 

Gold ends New Year’s Eve and 2018 in the red, but books 7% quarterly gain as stocks swoon

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“February gold trading on Comex GCG9, +0.13% finished down $1.70, or 0.1%, at $1,281.30 an ounce, according to FactSet data” writes Mark Decambre for marketwatch.com. However, the popular index has gained 1.2% this quarter and has risen 4.5% thus far in 2018.Gold futures on Monday closed out New Year’s Eve with a loss for the session and year, but garnered some upward momentum as stock-market carnage reignited haven-related demand and as the dollar weakened somewhat.Based on the most-active contract, gold futures are up 4.7% in December and 7.3% over the…

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3 big trends causing the scarcity

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“And blue-collar jobs, in particular, are experiencing an acute worker shortage” writes Aol Staff for aol.com. Other possible “deterrents” from blue-collar occupations the general stigma that blue-collar jobs are perceived to be for less educated people, immigration policy changes, the rise of technology.And as the economy has been expanding since the recession, the number of jobs has increased without the workers to fill the positions. Source: aol.com

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News Stocks 

Wall Street slightly advanced on Monday as revelers gathered to ring in 2019, marking the end of the worst year for U.S. stocks since the 2008 financial crisis.

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“More from Aol.com: Wall Street roars back late to end higher Wall Street falls at open after Dow’s record-breaking surge Millennials piled into these 9 stocks in 2018” writes Stephen Culp for aol.com. NEW YORK (Reuters) – Wall Street advanced in low-volume trading on Monday as revelers gathered to ring in 2019, marking the end of the worst year for U.S. stocks since 2008, the height of the financial crisis.Wall Street entered correction territory in late January and was challenged for much of 2018 by tariff jitters, rising interest rates,…

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The U.S. is currently dealing with a tight labor market — and the blue-collar sector in particular is experiencing an acute worker shortage.

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“And blue-collar jobs, in particular, are experiencing an acute worker shortage” writes Aol Staff for aol.com. Other possible “deterrents” from blue-collar occupations the general stigma that blue-collar jobs are perceived to be for less educated people, immigration policy changes, the rise of technology.And as the economy has been expanding since the recession, the number of jobs has increased without the workers to fill the positions. Source: aol.com

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‘Workaround systems’ help print U.S. newspapers hit by cyber attack: source

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“(Reuters) – Tribune Publishing Co used “workaround systems” to help print major U.S. newspapers including the Los Angeles Times on Sunday and Monday as the company recovers from a cyber attack, a source familiar with the operation said” writes Midwest Communications Inc for 95kqds.com. The cyber attack on the company’s back office systems was identified on Friday and disrupted production of Saturday editions of papers that use its production platform.Tribune has not said if ransomware was used in the attack, identified any suspects or discussed possible motivations.The attack only affected…

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Still time to party at Temecula’s grape drop and other New Year’s Eve countdowns

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“In California, you can count down the new year Monday evening with the drop of a cluster of grapes in Temecula or a giant Lego brick in Carlsbad” writes Mary Forgione for latimes.com. In other parts of the U.S., a 400-pound Peeps chick will descend in Bethlehem, Pa., and an illuminated chile pepper will signal the new year in Las Cruces. Source: latimes.com

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