Here are the news that Cyceon deemed interesting and relevant.
01/04/2019 – MarketPlace – Why the Fed’s balance sheet is making markets nervous. What’s a balance sheet? It’s a ledger of the Fed’s assets and liabilities that, in the middle of the financial crisis, the Fed expanded as it bought bonds and mortgage-backed securities to give the economy a boost.
01/04/2019 – CNN – Qatar wants a slice of China’s huge aviation market. Qatar Airways is buying into the one market no major airline can ignore: mainland China. The state-owned Gulf airline said Wednesday that it has acquired 5% of China Southern Airlines (ZNH), the country’s largest carrier.
01/04/2019 – Slate – Why the iPhone Is Finally Fading. The future of computing isn’t in your pocket. It’s everywhere. Smart speakers still aren’t nearly as useful, nor as essential, as smartphones. But smartphones were once written off by some for the same reason.
12/28/2018 – CBS News – J.C. Penney stock price dips below $1 a share. Tne shares of century-old retailer J.C. Penney & Co. (JCP) dropped to as low as 95 cents, down almost 10 percent. The stock price has tumbled nearly 30 percent since November, when the retailer cut its sales outlook and profit forecasts for the year.
12/28/2018 – CNN – The longest-ever bull market is near its end. Or it might not be. The bull and bear designations are only labels. Nothing magical happens when the stock market is up or down 20%. But they help mark broad cycles in markets and the economy. Historical evidence suggests recessions often follow the end of bull markets. That’s not a guarantee.
12/28/2018 – Oil Price – Has Oil Hit Rock Bottom? Oil prices roared back on Wednesday, rebounding and regaining some of the steep losses suffered in previous trading days. The bounce suggests there is some signs of life in the oil market, or at least a soft floor, despite hitting one-and-a-half-year lows.
12/27/2018 – Yahoo Finance – Markets are telling Trump: Get your act together. Markets that normally shrug off political shenanigans are now pricing in the possibility that Trump himself is the biggest threat to profits and prosperity. Trump is obviously distressed about the recent stock-market selloff.
12/27/2018 – WJLA – Are we heading into another recession? The Federal Open Market Committee projected the U.S. economy will end the year with 3 percent growth in gross domestic product, the highest rate in over a decade. November marked the 98th consecutive month of job growth and workers’ wages are gradually increasing.
12/27/2018 – CNBC – Retail is having its best holiday season in 6 years. Sales in the U.S. from Nov. 1 through Christmas Eve were up 5.1 percent to more than $850 billion, according to Mastercard SpendingPulse, which monitors spending both in stores and online via all forms of payment.
12/21/2018 – The Japan Times – Ex-Nissan CEO Carlos Ghosn has detention period extended following rearrest. In a move that may further extend his stay in custody following his arrest last month, Carlos Ghosn, the ousted Nissan Motor Co. chairman, was served a fresh warrant for aggravated breach of trust against the Japanese automaker on Friday.
12/21/2018 – CBS News –Pentagon ordered to begin planning troop drawdown in Afghanistan. The Pentagon has been ordered to start planning a major drawdown of roughly 7,000 troops in Afghanistan, a senior defense official tells CBS News correspondent David Martin. That’s half of the 14,000 U.S. troops still deployed there now.
12/20/2018 – Fox Business – Dow falls below 23K as Nasdaq nears bear market. U.S. shares tumbled with the Dow Jones Industrial Average falling nearly 500 points or about 2 percent and sliding below 23,000 for the first time in 14 months. Along with the blue-chip index, the tech-heavy Nasdaq Composite also plummeted, now flirting with bear market territory. The Nasdaq and the S&P 500 lost over 1 percent during the session. At the same time, volatility spiked to the highest level since February.
11/29/2018 – Fox Business – US new-home sales plunged 8.9% in October. Sales of new U.S. homes plummeted 8.9 percent in October, as the number of newly built, unsold homes sitting on the market climbed to its highest level since 2009. The Commerce Department says that new homes sold at a seasonally adjusted annual rate of 544,000 last month.
11/29/2018 – CNBC – US weekly jobless claims rise to 6-month high. Initial claims for state unemployment benefits rose 10,000 to a seasonally adjusted 234,000 for the week ended Nov. 24, the highest level since the mid-May, the Labor Department said on Thursday. Claims have now risen for three straight weeks.
11/29/2018 – Associated Press – China’s electric vehicle monitoring raises surveillance fear. When Shan Junhua bought his white Tesla Model X, he knew it was a fast, beautiful car. What he didn’t know is that Tesla constantly sends information about the precise location of his car to the Chinese government.
11/29/2018 – Reuters – Seeds of Renault-Nissan crisis sown in Macron’s ‘raid’. In April 2015, as a 37 year-old economy minister with then-unknown presidential ambitions, Macron ordered a surprise government stake increase in Renault, designed to secure double voting rights for the state. The overnight move profoundly rattled the Japanese end of the Renault-Nissan alliance.
11/29/2018 – Engadget – US Army to use Microsoft’s Hololens for combat missions. The US Army has awarded Microsoft a $480 million contract to supply the headset for live combat missions as well as training. The aim, according to a government description, is to “increase lethality by enhancing the ability to detect, decide and engage before the enemy.”
11/29/2018 – Fox News – Apple briefly overtaken by Microsoft as most valuable company.
11/28/2018 – Federal Reserve (Fed) – The Federal Reserve’s Framework for Monitoring Financial Stability. “We know that moving too fast would risk shortening the expansion. We also know that moving too slowly–keeping interest rates too low for too long–could risk other distortions in the form of higher inflation or destabilizing financial imbalances,” said Jay Powell.