IN THE NEWS
Benzinga
Mark Cuban made the ultimate short investment on “Shark Tank” Sunday. Ash & Erie, a Detroit startup with a clothing line for men
5-foot-8 and under, is the recipient of a $150,000 investment from the billionaire Dallas Mavericks owner, who receives a
25-percent stake in the company in return:
Link
Etsy Inc (NASDAQ: ETSY) has demonstrated
some major resilience over the past two years in the face of increasing competition from Amazon.com, Inc (NASDAQ:
AMZN). When Amazon first announced its entry into the
handmade goods business, many traders feared the worst for Etsy. However, up to this point, Amazon still hasn’t gained major
traction in the handmade category:
Link
Ever wonder what Gene Munster’s favorite AI play is? Or the coffee flavor that fueled his famous Apple (NASDAQ:
AAPL) coverage? Or his choice sneaker brand? Now’s your
chance to ask. He will visit Benzinga’s Detroit headquarters Tuesday, Oct. 24 at 11:30 a.m. ET for a live “Ask Me
Anything” session. Email your questions to newsdesk@benzinga.com or tweet us using
#AskGene.
Wall Street Journal
European Central Bank President Mario Draghi overcame fierce resistance three years ago to roll out a historic bond-buying
program. Ending it could be an even more delicate task:
Link
Shares of General Electric Co. (NYSE: GE)
took another pounding on Monday, reflecting investor fears that a conglomerate that was once the bluest of blue chips faces
challenges daunting enough to force a dividend cut:
Link
Reuters
Whole Foods Market met a new foe this summer during talks to lease a top retail space in a San Francisco mall: the
Target (NYSE: TGT) next door:
Link
The launch of Alphabet Inc’s (NASDAQ: GOOGL) second-generation Google Pixel smartphones has been hampered by display
screen problems and pricing and shipping issues, prompting the company to open an investigation and issue multiple apologies to
customers:
Link
Bloomberg
Jeff Garzik, one of a handful of key developers who helped build the underlying software for bitcoin that is known as
blockchain, has seen its shortcomings firsthand. So he decided to create a better digital currency:
Link
Traders in the $14.2 trillion Treasuries market have found a way to avoid fighting the Federal Reserve, or at least its imminent
leadership change:
Link
ECONOMIC DATA
- The Johnson Redbook Retail Sales Index for the latest week is schedule for release at 8:55 a.m. ET.
- The flash Composite Purchasing Managers' Index for October will be released at 9:45 a.m. ET.
- The Richmond Fed's manufacturing index for October is schedule for release at 10:00 a.m. ET.
- The Treasury is set to auction 4-week bills at 11:30 a.m. ET.
- The Treasury will auction 2-year notes at 1:00 p.m. ET.
ANALYST RATINGS
- Stifel downgraded GE (NYSE: GE) from Buy
to Hold
- RBC downgraded Whirlpool (NYSE: WHR)
from Outperform to Sector Perform
- Raymond James downgraded Broadsoft (NASDAQ: BSFT) from Strong Buy to Outperform
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