News Stocks 

CEO Confidence Is Dropping

“American companies spent more than $800 billion on their own shares last year, taking a windfall from deep corporate tax cuts to try to bolster their share prices and improve the look of their quarterly earnings reports” writes Matt Phillips for nytimes.com. This year, as the economy’s worsening prospects rattle executives, those buybacks are slowing down.The mood among corporate bosses is likely to stay subdued in the face of the trade war, the broadening impeachment inquiry of President Trump and the 2020 presidential election. “If you’re at a point where…

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News 

The U.S. economy is cooling, but it’s not collapsing

“Job growth, which averaged 223,000 last year, is running at a more modest 161,000 so far this year” writes Heather Long Is for washingtonpost.com. But the bulk of the U.S. economy still looks OK. Consumer spending accounts for 70 percent of the economy and that remains healthy.By just about every measure, the U.S. economy is slowing down, but it isn’t collapsing.There’s a lot of applause that the U.S. economy has been growing for over a decade now — a record expansion. Source: washingtonpost.com

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Once-hyped augmented reality startup Blippar has laid off all of its employees after collapsing into administration

“Blippar, the once-hyped British augmented reality startup, has laid off all of its employees after falling into administration” writes Shona Ghosh for businessinsider.com. The administration potentially leaves laid-off Blippar employees in a tough position before Christmas.The startup, which once claimed to be worth $1.5 billion, also said that it would wind down its augmented reality business.Blippar said its administrators, David Rubin & Partners, were seeking a buyer for all or part of its business.There is still hope for Blippar’s business and, to some degree, its employees. Source: businessinsider.com

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Markets News 

Why global markets are collapsing right now, and who you should blame for it

“Eleven factors have distorted global markets over the past few years, priming the global economy for a sharp pullback” writes Jim Edwards for businessinsider.com. Global markets are falling so fast it’s difficult to keep up with the numbers.Brent crude is over $81 a barrel, and that will cut economic growth, according to Louis Mullen and Gabriel Sterne, analysts at Oxford Economics.To sustain and justify these investments, company valuations have gone through the roof.The global pie gets smaller, and markets are finally reacting to that. Source: businessinsider.com

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