Finance


 

The top 10 states to raise a baby [0.13]

Posted on Aug. 16, 2017, 4:20 p.m. by Finance @ [source]

Raising a baby doesn't come cheap — and once you add in expenses like doctor appointments and day care, the costs of child-rearing may be more manageable in certain states than others.

New data from WalletHub found that some states have better financial conditions for bringing up baby.

baby care child companies employer friendliness leave paid states WalletHub

 

As the Trump administration looks to take a tougher stance against Beijing, Chinese investments in the U.S. have more than halved this year, according to Dealogic.

To be sure, other lawyers and analysts said Chinese investment in U.S. real estate and industries outside of sensitive areas such as technology may not be as affected by the Trump administration.

administration analysts Beijing Chinese Dealogic firm investment side Trump uncertainty

 

Your first trade for Wednesday, August 16 [0.04]

Posted on Aug. 16, 2017, 1:43 p.m. by Finance @ [source]

The "Fast Money" traders shared their moves for the first hours of the trading day.

Trader disclosure: On August 15, 2017, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Pete Najarian is long calls AA, AMAT, AVGO, BAC, C, CHK, CHRW, CMCSA, CPN, DAL, EOG, GLD, JBLU, KO, LULU, MDLZ, MSFT, MU, NVDA, PG, PHM, RF, RIO, SCSS, SFM, SGMS, TECK, UNP, X, XLF, YNDX.

Adami buyer Dan Fast Guy KO money Najarian Pete trader

 

Goldman Sachs added Biogen to its Americas Conviction List, highlighting the biotech's lead pipeline Alzheimer's drug as possibly one of the first to successfully prevent or slow the progression of the disease.

Goldman projects that one of the two drugs, known as Aducanumab, could reach peak sales of $12 billion.

Alzheimer Americas Biogen development drug Goldman Ms multiple Sachs sclerosis

 

Atlanta Fed President Raphael Bostic said Wednesday the Great Recession caused people to distrust long-term investments.

Regarding politics, Bostic said it appears U.S. businesses were optimistic before President Donald Trump and didn't change their plans when he was elected.

Atlanta Bostic caused Fed growth President Raphael recession Trump Wednesday

 

Russian ex-minister accuses Putin lieutenant of framing him [0.09]

Posted on Aug. 16, 2017, 11:53 a.m. by Finance @ [source]

Former Russian Economy Minister Alexei Ulyukayev told his bribery trial on Wednesday that he had been framed by a close lieutenant of President Vladimir Putin into accepting a payment of $2 million.

The case is politically charged because Sechin represents a powerful faction in the Kremlin who favour greater state control over the economy.

accepting bribe economy minister President Putin Sechin trial Ulyukayev Wednesday

 

States are stepping up efforts to regulate Wall Street while Washington focuses its energies elsewhere.

Regulators and lawmakers in several states apparently share the same view.

brokerages efforts Fiduciary financial June markets regulator Securities standard states

 

Denmark's A.P. Moller Maersk gave an upbeat outlook for container shipping on Wednesday, lifting its shares as investors looked beyond one-off second-quarter charges.

business container energy Maersk oil plans shipping Skou Transport Wednesday

 

Britain's unemployment labor market bucked tepid economic growth in the second quarter as the unemployment rate unexpectedly fell to its lowest since 1975, official data showed on Wednesday.

The unemployment rate in the three months to the end of June fell to 4.4 percent, against the average forecast for it to hold at 4.5 percent in a Reuters poll of economists.

fell growth June months rate REUTERS showed unemployment wage year

 

In an interview with the Financial Times, Fischer said that efforts by the U.S. administration to strip back the rules put in place 10 years ago would lead large institutions to return to the status quo that led to the financial crisis.

And now after 10 years everybody wants to go back to a status quo before the great financial crisis," Fischer, the vice-chairman of the Fed's board of governors, said.

banks crisis ease efforts financial Fischer quo small status years

 

Amid the political chaos of the last few days, the White House's chief economic advisor, Gary Cohn, said Tuesday that tax reform can happen this year.

The controversy follows Trump's strong words against North Korea last week that raised concerns about a nuclear threat.

advisor Cohn conference economic House infrastructure tax reform Trump Tuesday White

 

Amazon was set to raise the offering amid high demand, analysts said.

The ratings agency also changed Amazon's rating outlook to positive from stable.

agency Amazon amid analysts changed debt demand offering raise rating

 

Energy stocks may be a drag on the bull market this fall [0.02]

Posted on Aug. 15, 2017, 9:31 p.m. by Finance @ [source]

It's been another ugly day for "Big Energy," with 52-week lows again for everything across the board, including big oil like Exxon Mobil; oil service names like Schlumberger and Halliburton; exploration and production names like Hess, Apache, Anadarko and Noble Energy; and drillers like Ensco, Transocean, Rowan and Nabors. Another epic miss on oil prices is causing traders to push down their earnings expectations for big oil, and they're not done yet.

big earnings energy expectations lows oil re stock valuation week

 

Wells Fargo announced a board shakeup Tuesday, including the coming retirement of three directors, in a restructuring effort following the bank's consumer sales scandal.

The bank also announced Enrique Hernandez, Jr. will take over as chair of the risk committee, whose oversight was expanded to include Wells Fargo's new Conduct Management Office.

announced bank board Committee consumer customers director Fargo sales wells

 

The rhetoric between President Donald Trump and American executives continues to heat up Tuesday. Four executives have now resigned from White House business councils in the wake of the president's perceived lackluster condemnation of Saturday's deadly white supremacist rally.

American councils Donald executives President resigned rhetoric supremacist Trump White

 

Home Depot is down more than 3 percent despite a stellar earnings report that posted its highest quarterly sales in the company's history.

Simply put, continuing fears of the "Amazonification" of retail is hitting the sector hard today, and Home Depot—long considered immune from the Amazon effect—is getting swept up in the worries.

Amazon appliance Home Depot Kenmore Retail retailers sales Sears stellar week

 

Here's why venture capitalists are so grumpy these days [0.13]

Posted on Aug. 15, 2017, 5:44 p.m. by Finance @ [source]

It's a hard time to be an established venture capital firm. The report found that 2017 is on pace to see the highest number of first-time venture capital funds formed in more than a decade.

firm founder funds investor options report stake Terms VC venture capital

 

Leaders from the biggest companies in the U.S. are still betting on a sharp economic pickup that has yet to take place, according to an analysis from Goldman Sachs.

Goldman Sachs looked at the conference call transcripts of S&P 500 companies during the second-quarter earnings season wrapping up and found that most CEOs still expect to see stronger economic growth on President Trump's watch.

analysis CEO companies conference economic Goldman quarter rate reform Sachs

 

Massachusetts is investigating whether top retail brokerage firms send customer buy and sell orders to exchanges that offer the brokers kickbacks and whether that practice prevents ordinary investors from getting the best price for their trades.

Galvin, who is Massachusetts' Secretary of the Commonwealth, pointed to a recent opinion column in The New York Times, penned by Yale Law School's Jonathan Macey and Yale Chief Investment Officer David Swensen that said customers don't get the best price when brokers choose exchanges for the rebates they offer.

broker Brokerage Exchange firm practice rebate recent Securities send trade

 

In the world of corporate misconduct, it seems that there is even less need to beg forgiveness these days as the government scales back how much it will police companies that appear to have violated the law.

There may be no better recent example of how a corporate culture devolved into an almost preternatural focus on expanding the bottom line at the expense of customers and the law than Wells Fargo.

bank corporate customer directors enforcement federal forgiveness misconduct recent Wells Fargo