September 2019 – Page 82

Why You Should Ignore Long-Term Predictions

September 12, 2019 admin Comments Off

Financial analysts crunch a seemingly infinite amount of data in an attempt to divine the future of the market.
But as Nicholas Vardy explains today, their long-term predictions often miss the mark.

“Prediction is hard, especially about the future.”
– Yogi Berra
The Greeks turned to the Oracle of Delphi. The Romans interpreted animal entrails. Today, Wall Street analysts crunch endless data to divine the future.
In today’s tradition, Boston money management firm GMO just published its annual outlook for all major asset classes for the seven years ahead.
Two predictions stood out.
First, GMO expects emerging market stocks to rise an average of 5.2% per year …read more […]

SmileDirectClub falls 11% in U.S. market debut

September 12, 2019 admin Comments Off

Shares of SmileDirectClub , a teeth alignment company, tumbled 10.7% in their market debut on Thursday, after the company’s initial public offering was priced above expectations.

…read more […]

U.S. probes 553,000 Nissan Rogue SUVs for unintended emergency braking

September 12, 2019 admin Comments Off

The National Highway Traffic Safety Administration has opened a preliminary investigation into 553,000 Nissan Rogue sport utility vehicles after reports of their automatic emergency braking systems engaging without warning or an obstruction, the agency said on Thursday.

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Wall Street gets boost from easing trade concerns, euro zone stimulus

September 12, 2019 admin Comments Off

U.S. stocks were on track for a second straight session of gains on Thursday, after a stimulus drive by the European Central Bank added to an upbeat mood from trade concessions by Washington and Beijing ahead of planned negotiations in October.

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Senate approves full term for Fed’s Bowman

September 12, 2019 admin Comments Off

The U.S. Senate voted on Thursday to confirm Federal Reserve Governor Michelle Bowman to a full 14-year term.

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Kroger’s doubts about turnaround targets cloud quarterly profit beat

September 12, 2019 admin Comments Off

Kroger Co on Thursday raised doubts about its profit targets from an ongoing turnaround plan, even as the supermarket chain operator posted a better-than-expected quarterly profit, helped by its investments in delivery and online operations.

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Khiron Life Sciences Leads in LatAm Cannabis Market

September 12, 2019 admin Comments Off

Investors are always on the hunt for the next big thing. And in cannabis, we may have already found ours…
Latin America.
The countries here are home to more than 620 million consumers.
And Latin America is shaping up to be one of the fastest-growing cannabis markets in the world. Projections have it exploding from $125 million in 2018 to nearly $13 billion by 2028.
This provides tremendous opportunities for first movers. And the leader here is Khiron Life Sciences Corp. (OTC: KHRNF).
Based out of Colombia, Khiron has one of the largest grow operations in Latin America. It has a 1.9 million-square-foot facility in …read more […]

Draghi ties Lagarde’s hands with promise of indefinite stimulus

September 12, 2019 admin Comments Off

European Central Bank chief Mario Draghi pledged indefinite stimulus on Thursday to revive an ailing euro zone economy, tying the hands of his successor for years to come and sparking an immediate conflict with U.S. President Donald Trump.

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IMF says it remains engaged in Argentina, focuses on stabilizing economy

September 12, 2019 admin Comments Off

The International Monetary Fund is continuing talks with Argentina as authorities there try to stem spiraling economic problems in Latin America’s third-largest economy, IMF spokesman Gerry Rice told reporters on Thursday.

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Three U.S. senators urge Amazon’s Bezos to check driver abuse

September 12, 2019 admin Comments Off

Three U.S. senators on Thursday said Amazon.com Inc should stop working with delivery contractors that violate labor laws by imposing unfair conditions on drivers delivering packages for the e-commerce company.

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Ahead of renewed talks, Washington, Beijing prepare ground for trade deal

September 12, 2019 admin Comments Off

The United States on Thursday welcomed China’s promise to buy agricultural goods while maintaining the threat of U.S. tariff hikes as the world’s two largest economies sought to prepare the ground for upcoming in-person talks.

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ECB’s Draghi faced pushback from heavyweights on new bond buys: sources

September 12, 2019 admin Comments Off

European Central Bank President Mario Draghi faced pushback from the representatives of Germany and France as well as at least one of his own board members on Thursday when he pushed for resuming the ECB’s bond-buying program, three sources told Reuters.

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U.S. flags Huawei 5G network security concerns to Gulf allies

September 12, 2019 admin Comments Off

The United States has raised its concerns with Gulf allies over a possible security risk in using Huawei’s technology for their 5G mobile infrastructure, U.S. officials said on Thursday.

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Uber is sued over resistance to California ‘gig’ employment law

September 12, 2019 admin Comments Off

A driver for Uber has sued the company for misclassifying its drivers as independent contractors, hours after California legislators voted to help thousands of those workers become, and enjoy the benefits of being, employees.

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U.S. core inflation firming, but Fed still seen cutting rates

September 12, 2019 admin Comments Off

U.S. underlying consumer prices increased solidly in August, leading to the largest annual gain in a year, but rising inflation is unlikely to deter the Federal Reserve from cutting interest rates again next week to support a slowing economy.

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