IN THE NEWS
BENZINGA
While some investors fear the uncertainty of possible Trump impeachment proceedings, others seem to be realizing that the
possibility of a Mike Pence presidency could be the best possible news for investors: Link
Last week, a deal was confirmed between the ride-hailing service Lyft and autonomous car company Waymo, an Alphabet
Inc (NASDAQ: GOOGL) subsidiary. While the
companies are keeping hush on details, each offered statements confirming the deal: Link
THE WALL STREET JOURNAL
Ford Motor Co. (NYSE: F) will replace Chief
Executive Mark Fields with Jim Hackett, the former head of office-furniture maker Steelcase Inc. who joined the auto maker in 2016:
Link
For decades, investors imagined a time when data-driven traders would dominate financial markets. That day has arrived:
Link
REUTERS
The world's largest private equity fund, backed by Japan's Softbank Group and Saudi Arabia's main sovereign wealth fund, said on
Saturday it had raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics:
Link
Barclays will hire 100 new staff in its private bank as it launches its second attempt in the last seven years to win more
business from wealthy clients, a source with direct knowledge of the plans told Reuters:
Link
BLOOMBERG
Battery-making gigafactories are about to arrive in Europe, challenging a lead Tesla Inc. (NASDAQ: TSLA) is building at a plant in Nevada and opening the way for a
quicker shift toward green power for both cars and utilities:
Link
Oil advanced a fourth day in the build-up to OPEC’s gathering in Vienna this week, as speculation grows that production cuts
will be extended into next year:
Link
NY POST
Robots really mean skyrocketing economic growth and higher-paid jobs, a new think-tank report reveals:
Link
ECONOMIC DATA
- Minneapolis Federal Reserve Bank President Neel Kashkari is set to speak in Minneapolis at 10:00 a.m. ET.
- Philadelphia Federal Reserve Bank President Patrick Harker will speak in Philadelphia at 10:00 a.m. ET.
- The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
- Minneapolis Federal Reserve Bank President Neel Kashkari will then speak at the Opportunity and Inclusive Growth Institute
Conference at 6:45 p.m. ET.
- Federal Reserve Governor Lael Brainard is set to speak in Minneapolis at 7:00 p.m. ET.
- Chicago Federal Reserve Bank President Charles Evans is set to speak in Shanghai China at 9:10 p.m. ET.
ANALYST RATINGS
- JP Morgan Upgraded Qualcomm (NASDAQ: QCOM) from Neutral to Overweight
- B. Riley Upgraded Genesco (NYSE: GCO)
from Neutral to Buy
- Barclays Upgrades Mylan (NASDAQ: MYL)
From Equal-Weight to Overweight
- JP Morgan Downgraded Centene (NYSE: CNC)
from Overweight to Neutral
- DA Davidson Downgraded Arista Networks (NYSE: ANET) from Buy to Neutral
- Baird Downgrades Zoe's Kitchen (NYSE: ZOES) From Outperform to Neutral
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