When hunting for yield, beware the dividend traps
Bank of America Merrill Lynch strategists screened stocks to find those that may be ready to cut dividends or raise dividends. Source link: Click here for more
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Facebook says Libra could use a series of cryptocurrencies pegged to different currencies
Facebook’s David Marcus says Libra could use “a series of stablecoins” pegged to currencies like the dollar, the euro and sterling. Source link: Click here for more
Here’s who’s left on Facebook’s Libra project after exodus of top payments companies
The Libra Council now consists of 21 members, down from the 28 corporate backers who initially said they would join the project. Source link: Click here for more
Mnuchin says libra backers dropped out because the project is ‘not ready’ to meet regulatory standards
Treasury Secretary Steven Mnuchin said told libra representatives that he would take action if libra didn’t meet regulatory standards. Source link: Click here for more
Stocks making the biggest moves premarket: Boeing, Facebook, Nike, Lyft, Kohl’s, GM & more
Names on the move ahead of the open. Source link: Click here for more
Amid trade war, China moves to remove limits on foreign ownership in the financial industry
Beijing will be opening up its financial industry to foreign ownership from January, namely in the areas of futures, mutual funds and securities. Source link: Click here for more
EBay and Stripe drop out of Facebook’s libra cryptocurrency project, one week after PayPal
The news comes one week after PayPal announced its withdrawal as government regulators continue to scrutinize the plans. Source link: Click here for more
PayPal withdraws from Facebook’s Libra cryptocurrency
PayPal was one of several corporate backers of Facebook’s cryptocurrency project. Source link: To read more click here
Visa, Mastercard reconsider backing Facebook’s Libra, report says
Facebook announced its cryptocurrency, called Libra. Chesnot | Getty Images News | Getty Images Visa, Mastercard and other key financial partners may reconsider their involvement in Facebook’s cryptocurrency, Libra, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The financial backers to Libra did not want...
China wants US to remove ‘unreasonable restrictions’: foreign minister
US Secretary of State Mike Pompeo (L) reacts as he is shown the way by China’s Foreign Minister Wang Yi (R) before they proceed to their meeting at the Diaoyutai State Guesthouse in Beijing on October 8, 2018. Andy Wong | AFP | Getty Images Chinese State Councilor and Foreign...
MasterCard’s stock rallies nearly 50%, boosted by strong consumers
Andrew Harrer | Bloomberg | Getty Images The world’s second-largest payment processor is approaching a decade-long run for the company’s stock. Shares of MasterCard are getting a boost, as U.S. consumers embrace the secular shift from cash to card, and more recently card to digital. MasterCard’s stock is up 46%...
Here’s how to play the massive transformation taking place in the stock market
Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE) on August 6, 2019. Drew Angerer | Getty Images Value is seeing the light of day finally. A huge rotation out of momentum stocks is underway as investors pile on bets...
Buy the high-quality stock that investors are dumping
Consistently growing stocks are out and cyclical stocks are officially back in on the market as big fund investors rotate holdings based on their emotion, CNBC’s Jim Cramer said Tuesday. Wall Street saw a mixed day of trading with the Dow Jones Industrial Average adding 73 points and the S&P...
Mastercard is betting on middle school girls to detect cyberthreats
Cybersecurity and artificial intelligence are two of the hottest technology fields today, yet there’s no encrypted secret there’s a skills and gender gap in the U.S. in these high-tech fields. According to the Center for Cyber Safety and Education, unfilled cybersecurity jobs are expected to reach 1.8 million by 2022,...