IN THE NEWS
Benzinga
Investors have been riding high this year. The Dow posted nine consecutive all-time high closes in the past two weeks, and
traders have responded appropriately:
Link
Amid a crackdown on pyramid schemes and the arrests of Shanxinhui management, four government agencies in China have been
assigned the task of "resolutely eradicat[ing]" multi-level marketing firms, according to reports by local news sites:
Link
A group of more than two dozen CEOs were tapped by President Donald Trump to create recommendations to grow the American
manufacturing sector; Three of them resigned yesterday:
Link
Wall Street Journal
By ordering his first trade action against Beijing, while amping up pressure on Chinese leaders to rein in Pyongyang’s nuclear
menace, U.S. President Donald Trump is bringing to a head two of the most intractable problems that bedevil U.S.-China relations:
Link
Loan defaults in a popular program meant to finance energy-saving home upgrades have increased substantially, despite lenders’
claims that few borrowers have missed payments:
Link
Reuters
The neo-Nazi website Daily Stormer had its internet domain registration revoked twice in less than 24 hours in the wake of the
weekend violence in Charlottesville, Virginia, part of a broad move by the tech industry in recent months to take a stronger hand
in policing online hate-speech and incitements to violence:
Link
Warren Buffett's Berkshire Hathaway Inc on Monday said it added a stake in Synchrony Financial
(NYSE: SYF), boosting its bet on the credit card industry:
Link
Blomberg
Hedge funds have adored the FAANGs for so long it’s no wonder that two of them -- Apple Inc. (NASDAQ: AAPL) and Facebook Inc. (NASDAQ: FB) -- are losing their appeal:
Link
Bill Gates made his largest gift since the turn of the century, giving away Microsoft Corp. (NASDAQ: MSFT) shares that accounted for 5 percent of his fortune, the world’s
biggest:
Link
ECONOMIC DATA
- Core Retail Sales (MoM) for Jul 0.50% vs 0.30% Est. USA Retail Sales (MoM) for Jul 0.60% vs 0.40% Est; Prior Revised from
-0.20% to 0.30%
- USA NY Empire State Manufacturing Index for Aug 25.20 vs 10.00 Est; Prior 9.80
- USA Export Prices (MoM) for Jul 0.50% vs 0.20% Est; Import Prices (MoM) for Jul 0.10% vs 0.10% Est
- The Johnson Redbook Retail Sales Index for the latest week is schedule for release at 8:55 a.m. ET.
- Data on business inventories for June will be released at 10:00 a.m. ET.
- The housing market index for August is schedule for release at 10:00 a.m. ET.
- The Treasury is set to auction 4-and 52-week bills at 11:30 a.m. ET.
ANALYST RATINGS
- Deutsche Bank upgraded Wynn (NASDAQ: WYNN) from Hold to Buy
- Jefferies upgraded Sabra Health Care REIT (NASDAQ: SBRA) from Hold to Buy
- Cantor Fitzgerald upgraded Snap (NYSE: SNAP) from Neutral to Overweight
- Jefferies downgraded Zynerba (NASDAQ: ZYNE) from Buy to Hold
- Goldman Sachs downgraded Banco Santander (NYSE: SAN) from Buy to Neutral
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