Markets News 

Ben Carlson: Trends That Matter in Asset Management

“Many of these trends deal with how the asset management industry has evolved over time, the way markets change, and how people invest their money” writes Ben Carlson for awealthofcommonsense.com. In this piece for Fortune, I looked at some of the most important trends in asset management and how they are impacting the markets.The firm had a 40% share of the target-date fund market as of the end of 2018, with roughly $650 billion in assets.In their research report entitled How America Saves 2019, Vanguard shows how target-date funds have come…

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Markets News 

Fossil shares sink 20% after earnings miss, downgrade and forecast for more troubles ahead

“FOSL, -20.92% shares plummeted 20.4% in Thursday trading after the watchmaker reported a quarterly loss, explained why headwinds would continue, and was downgraded at KeyBanc Capital Markets” writes Tonya Garcia for marketwatch.com. Among the challenges that Chief Executive Kosta Kartsotis outlined on the earnings call, according to a FactSet transcript: a tough consumer environment, difficult sales trends at wholesale channels in developed markets, and lack of interest in traditional watches. Source: marketwatch.com

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Cooper Tire shares up 8% premarket as profit beat offsets sales miss

“Cooper Tire & Rubber Co. shares CTB, +2.38% soared about 8% in premarket trade Monday, after the company trounced profit estimates for the third quarter, offsetting a sales miss” writes Ciara Linnane for marketwatch.com. Operating profit was hit by higher costs stemming from new tariffs on goods imported from China, the company said.”Cooper expects fourth quarter operating profit margin to improve sequentially, with full year operating profit margin slightly above the 5.9 percent we reported for full year 2018, driven by positive trends in pricing, mix and raw materials,” said…

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Markets News 

After Brexit: The GBP market might get a chance to focus on the real economy

“This week’s CBI industrial trends data was softer than expected and we’re now seeing the worst readings since the financial crisis” reports forexlive.com. Sadly though, while the current state of the UK economy is not affecting sterling at the moment, yesterday’s CBI Industrial Trends survey showed orders falling further.Brexit is completely dominating GBP trading and that’s not going to stop any time soon.The best thing that could happen for the currency is a deal in the next few weeks.That’s not only because of the volatility in the currency, but also…

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Merrill Lynch is shifting how it handles staff who drop out of its financial-adviser trainee program, and it highlights the industry’s evolving career paths

“Merrill Lynch, for its part, hiked trainee financial advisers’ starting salaries by $10,000 earlier this year, Business Insider first reported” writes Rebecca Ungarino for businessinsider.com. A Merrill Lynch spokesperson was not able to provide data around new financial advisers leaving the trainee program and moving to other roles. Source: businessinsider.com

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Markets News Stocks 

Beyond Meat’s stock gains after Hardee’s to test plant-based meat options for breakfast, lunch and dinner

“BYND, +2.49% rose 1.4% in premarket trading Wednesday, after CKE Restaurants Holdings Inc.’s Hardees restaurants said it is offering plant-based meat options in two markets, with an eye toward college students” writes Reporter Editor for marketwatch.com. Beyond Meat’s stock has tumbled 29.3% over the past three months through Tuesday, while the S&P 500 SPX, +0.01% has slipped 0.3%. Source: marketwatch.com

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