Markets News Regulators 

PUMP: New York Fed steps into market to move interest rates…

“New York (AFP) – The New York Federal Reserve Bank on Tuesday stepped into financial markets for the first time in more than a decade to keep interest rates in line with the Fed’s target” reports yahoo.com. The New York Fed said the $75 billion in repurchase agreements — known as “repos” — were made “in order to help maintain the federal funds rate within the target range of 2 to 2-1/4 percent.”. The New York Fed conducts regular operations to implement the FOMC’s policy but the rate had moved…

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Markets News Regulators 

Explainer: The Fed has a repo problem. What’s that?

“WHY IS THE REPO MARKET IMPORTANT? The repo market underpins much of the U.S. financial system, helping to ensure banks have the liquidity to meet their daily operational needs and maintain sufficient reserves” writes Midwest Communications Inc for 95kqds.com. Added together, these factors are testing the limits of the $2.2 trillion repurchase agreement – or repo – market, a gray but essential component of the U.S. financial system.Whatever the cause, the episode has added fuel to the argument that the Fed needs to take steps to avoid more disruptions in…

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Markets News 

Adobe beats with Q3 revenue of $2.83B, up 24% YoY, and Digital Media revenue of $1.96B, up 22% YoY, forecasts $2.97B Q4 revenue, vs. $3.03B expected by analysts

“The company bought marketing software firm Marketo for $4.75 billion last year, adding business-to-business marketing applications to its creative tools” writes Min Read for reuters.com. Adobe is the world’s third-largest cloud software provider, with a 9.3% market share.(Reuters) – Adobe Inc (ADBE.O) on Tuesday gave a tepid current-quarter revenue forecast and said that bookings in its newly acquired marketing software unit were growing slower than expected, sending shares nearly 3% in after-market trading.Major technology companies are vying for a share of the cloud market, which according to research firm Canalys…

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Markets News Regulators 

Guggenheim’s Minerd says aggressive Fed moves can delay recession, but not avoid it

“Minerd, who oversees more than $240 billion in assets under management, said history shows that once Guggenheim’s Recession Probability Model reaches current levels, “aggressive policy action can delay recession, but not avoid it.”” writes Midwest Communications Inc for 95kqds.com. Minerd, in a research note to clients, said Guggenheim expects the Trump administration will continue to use easier monetary policy as a “green light for more aggressive trade policy.”. He noted that Federal Reserve Chairman Jerome Powell explicitly cited trade policy as a rationale for cutting rates, which risks the development…

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Markets News 

Revoke and remain: inside the Lib Dem party conference

“Rachel Humphreys travelled to Bournemouth to see the former Conservative MP Phillip Lee and former Labour MP Luciana Berger take part in their first Lib Dem conference” writes Axel Kacouti for theguardian.com. Rachel Humphreys reports from party conference.In her first conference as Lib Dem leader, Jo Swinson has laid out a decisive Brexit position – that if her party wins an election it will revoke article 50 and stop Brexit. Source: theguardian.com

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Markets News Stocks 

Annaly Capital Management Outpaces Stock Market Gains: What You Should Know

“The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups” writes Zacks Equity Research for nasdaq.com. Based on our research, we believe these estimate revisions are directly related to near-team stock moves.As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.In the latest trading session, Annaly Capital Management (NLY) closed at $8.75, marking a +0.81% move from the previous day. Source: nasdaq.com

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Markets News 

Celgene Gains But Lags Market: What You Should Know

“Investors might also notice recent changes to analyst estimates for CELG. Recent revisions tend to reflect the latest near-term business trends” writes Zacks Equity Research for nasdaq.com. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups.Celgene (CELG) closed the most recent trading day at $98.60, moving +0.22% from the previous trading session.Our research shows that these estimate changes are directly correlated with near-term stock prices. Source: nasdaq.com

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Markets News 

Arconic Gains But Lags Market: What You Should Know

“The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups” writes Zacks Equity Research for nasdaq.com. This industry currently has a Zacks Industry Rank of 198, which puts it in the bottom 23% of all 250+ industries.Our most recent consensus estimate is calling for quarterly revenue of $3.62 billion, up 2.79% from the year-ago period. Source: nasdaq.com

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Markets News 

Newzoo: Global game revenues will hit $68.5 billion in 2019

“Mobile games will earn $68.5 billion in 2019, according to a new report from market research firm Newzoo” writes Mike Minotti for venturebeat.com. In a report earlier this year, Newzoo noted that the entire gamin market will be worth $152.1 billion in 2019.The 2019 Global Mobile Market Report notes that 48.9% of that revenue will come from games on iOS devices, while 35.8% will come from Android (reminder that free-to-play dominates this market). Source: venturebeat.com

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Crypto Markets News 

Huobi Expands to Argentina, Plans to Launch Fiat-to-Crypto Gateway

“Singapore-based crypto and blockchain company Huobi Group has rolled out an exchange in Argentina, planning to add support for a fiat-to-cryptocurrency gateway” writes Ana Alexandre for cointelegraph.com. Per a press release shared with Cointelegraph on Sept. 17, Huobi officially launched Huobi Argentina using Huobi Cloud, a service that allows users to build over-the-counter (OTC) and digital asset exchanges on top of Huobi’s existing platform.Carlos Banfi, CEO at Huobi Argentina, said that the move could contribute to attracting global investment, adding: “Argentina is South America’s most promising market for blockchain development.…

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