IN THE NEWS
Benzinga
The CEOs on President Donald Trump’s manufacturing council are from the largest of Fortune 500 companies, but the board’s
turnover rate more closely resembles that of a fast food restaurant:
Link
President Donald Trump retweeted Jacob Wohl — the 19-year-old hedge fund manager whose work has drawn the attention of
securities regulators — after he credited the commander-in-chief on Wednesday for the market's performance:
Link
Wall Street Journal
India is taking a series of aggressive steps to reduce the mountain of bad debts weighing down its banks and threatening to
derail the world’s fastest-growing large economy:
Link
Facebook Inc. (NASDAQ: FB) dismantled a
popular anonymous discussion board for employees last year that had become a forum for conservative political debate that sometimes
degenerated into racist or sexist comments, people familiar with the matter said, a rare move to censor speech internally:
Link
Reuters
Chinese authorities have issued a warning to the country's top e-commerce platforms, including Alibaba Holding Group
Ltd's (NYSE: BABA) Taobao.com, over the sale of
illegal virtual private networks that allow users to skirt state censorship controls:
Link
Talks to renegotiate the North American Free Trade Agreement (NAFTA) must include a discussion of new financial services, a
Mexican negotiator said on Wednesday, singling out so-called fintech companies rapidly gaining ground in the region:
Link
Bloomberg
Turns out the solar eclipse, set to plunge parts of the U.S. into total darkness on Monday, will offer exactly what the power
sector’s been looking for: a completely predictable stage for experiments:
Link
Africa’s richest man, Aliko Dangote, plans to invest $20 billion to $50 billion in the U.S. and Europe by 2025, in industries
including renewable energy and petrochemicals:
Link
New York Post
JPMorgan Chase (NYSE: JPM) Chief Executive
Jamie Dimon slammed President Trump on Wednesday for his “equivocation” on the bloody protests in Virginiaover the weekend:
Link
ECONOMIC DATA
- nitial Jobless Claims for Aug 14 232.0K vs 240.0K Est; Prior 244.0K. Continuing Claims for Aug 7 1.95M vs 1.95M Est
- USA Philadelphia Fed Manufacturing Index for Aug 18.90 vs 18.50 Est; Prior 19.50
- Data on industrial production for July will be released at 9:15 a.m. ET.
- Data on e-commerce retail sales for the second quarter will be released at 10:00 a.m. ET.
- The index of leading economic indicators for July is schedule for release at 10:00 a.m. ET.
- The Energy Information Administration’s weekly report on natural gas stocks is schedule for release at 10:30 a.m. ET.
- Dallas Federal Reserve Bank President Robert Kaplan is set to speak in Lubbock, Texas at 1:00 p.m. ET.
- Minneapolis Federal Reserve Bank President Neel Kashkari will speak in Edina, Minnesota at 1:45 p.m. ET.
- Data on money supply for the recent week will be released at 4:30 a.m. ET.
ANALYST RATINGS
- Morgan Stanley upgraded Molina Healthcare (NYSE: MOH) from Underweight to Overweight
- JP Morgan upgraded Kennametal (NYSE: KMT) from Neutral to Overweight
- Telsey Advisory upgraded Zoe's Kitchen (NYSE: ZOES) from Market Perform to Outperform
- Keybanc downgraded Nucor (NYSE: NUE)
from Overweight to Sector Weight
- JP Morgan downgraded Illinois Tool Works (NYSE: ITW) from Neutral to Underweight
- Jefferies downgraded TechTarget (NASDAQ:
TTGT) from Buy to Hold
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