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China Fears Rattle European Stocks

“European stocks were on track for their worst single-day performance in six weeks following concerns over U.S.-China trade talks” writes Steve Goldstein for nasdaq.com. Of stocks on the move, Kingfisher shares slumped 5.7% as the operator of home-improvement stores reported a 3.7% decline in comparable-store sales in the quarter ending October 31. Source: nasdaq.com

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This investment beat Warren Buffett by 200X over the past 30 years, but good luck grabbing a piece of it

“Would you invest in a fund that charges a 5% management fee and a 44% performance fee?” writes Shawn Langlois for marketwatch.com. According to performance data cited by Nick Maggiulli of Ritholtz Wealth Management, the Medallion Fund, the flagship offering of Renaissance Technologies, generated a 39% average annual return from 1988 to 2018. Source: marketwatch.com

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Virtu Financial expands its FX TCA offering

“FX TCA clients can utilize the new benchmarks for detailed analysis of algorithm execution performance and to measure the quality of liquidity” reports financefeeds.com. The new FX benchmarks leverage Virtu’s technology platform and experience as a major liquidity provider to the global FX markets to provide Virtu’s unbiased view of fair value at any point in time.Virtu’s TCA products are offered through Virtu’s broker neutral, Workflow Technology and Analytics division which is used by many buy-side and sell-side firms to monitor, analyze and improve the quality of execution. “Our new…

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Sliding UK health service performance sparks pre-election war of words

“This was the worst performance since records began in 2004” writes Midwest Communications Inc for 95kqds.com. Labour’s health spokesman, Jonathan Ashworth, said the Conservatives had “ushered in the worst NHS crisis on record”.Polls show the left-leaning Labour Party is favored by voters to oversee the health service.LONDON (Reuters) – Britain’s National Health Service recorded its worst ever performance in treating patients on emergency wards last month, a blow to Prime Minister Boris Johnson’s claim that only his Conservatives can safeguard the cherished institution. Source: 95kqds.com

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Do You Give Employees a Reason to Feel Proud of What They Do?

“They had plenty of policies, practices, and financial incentives for front-line employees” reports hbr.org. But pride may be most powerful, and it is certainly most memorable, when it is embraced by front-line employees who rarely spend time in the spotlight.But if you truly want people to elevate their performance, you first have to build up their pride. Source: hbr.org

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Are ESG mutual funds good for retirees?

“The ensuing debate over SRI and ESG investing is potentially an existential one for retirees and soon-to-be retirees, however” writes Mark Hulbert for marketwatch.com. The first conclusion I draw is not to place too much importance on various performance comparisons involving ESG/ SRI funds.Should retirees and soon-to-be-retirees invest in SRI and ESG mutual funds?. Consider the three major ESG indexes that index provider MSCI maintains for the U.S. market: The MSCI USA ESG Select Index SUSA, +0.01%, the MSCI USA ESG Leaders Index USSG, +0.22%, and the MSCI USA ESG…

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One of Uber’s top marketers has left the company to lead global marketing at meditation app Headspace

“Deborah Hyun, Uber’s director of performance marketing, left after more than four years to be VP of global marketing at meditation app Headspace” writes Tanya Dua for businessinsider.com. Uber also tapped the veteran Google exec Thomas Ranese in August as its new VP of global marketing to work alongside Mike Strickman, VP of performance marketing, who was hired from TripAdvisor in July.Hyun oversaw social media, media strategy, and digital performance marketing for the embattled ride-hailing company, which had an underwhelming IPO in May and posted a $1.2 billion loss for the…

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Whoop raises $55 million to improve athletic performance with wearables and analytics

“Whoop has been built purely to track physiological metrics, such as heart-rate variability (HRV), resting heart rate (RHR), and sleep performance” writes Paul Sawers for venturebeat.com. HRV, for example, measures the variation in time between each heart beat, and mapped against physical performance it can help determine optimal training loads.After the 6-months is up, the customer is free to cancel their membership and keep their Whoop wearable alongside access to all the data leading up to the membership’s end date. Source: venturebeat.com

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Japan October preliminary machine tool orders -37.4% vs -35.5% y/y prior

“Export orders continue to slump and reaffirms the weakness seen in the global manufacturing sector” reports forexlive.com. Japan is no exception to that and this will feed into another sluggish economic performance in the final quarter of the year. ForexLive The reading measures the change in total value of new orders placed with Japanese machine tool manufacturers. Source: forexlive.com

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