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Thread: Business news 2019

  1. #181
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    Whoever was the first to realize people would eagerly spend large sums of money on plain old water in small plastic bottles is a genius! Considering people's willingness to pay more for a gallon of plain old water than they pay for a gallon of gasoline, I have no doubt these same people will also spend large sums of money to buy Dasani and Aquafina – plain old water – in aluminum cans. Do they not not have water faucets in their kitchens and bathrooms?

    Coca-Cola will sell Dasani in aluminum cans and bottles

    https://www.cnn.com/2019/08/13/busin...ans/index.html

  2. #182
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    Among today's biggest losers: Best Buy -6.06%, Bank Of America -4.69%, General Motors -4.67%, Wells Fargo -4.33%, Hewlett Packard -4.03%, Chevron -3.80%, Panasonic -3.55%, General Electric -3.42%, Amazon -3.36%, The Home Depot -3.24%, Target -2.79%, Pfizer -2.73%, Google -2.71%, Dell -1.86%, McDonald's -1.48%.

    Dow tumbles 800 points after bond market flashes a recession warning
    CNN, Aug 14 2019 4:05 PM ET

    The Dow fell 800 points today after the bond market, for the first time in more than a decade, flashed a warning signal that has an eerily accurate track record for predicting recessions. Here's what happened: The 10-year Treasury bond yield fell below 1.6% this morning, dropping just below the yield of the 2-year Treasury bond. It marked the first time since 2007 that 10-year bond yields fell below 2-year yields. US stocks fell as investors sold stock in companies and moved it into bonds. The Dow fell as many as 808 points and was nearly 3.1% lower at the close. The broader S&P 500 closed down 2.9% and the Nasdaq sank 3%. It was the worst day for stocks of 2019.

    https://www.cnn.com/2019/08/14/inves...day/index.html

  3. #183
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    Bernie Madoff whistleblower Harry Markopolos and his investigators have uncovered $38 billion – so far – in financial fraud at GE and believe the conglomerate is close to insolvency. Their report can be downloaded at https://www.gefraud.com

    GE shares tank more than 10% after whistleblower calls GE 'a bigger fraud than Enron'

    https://www.cnbc.com/2019/08/15/ge-s...ccounting.html

  4. #184
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    Why couldn't Target use "Target" as the brand name for its food products? "Good & Gather" – an adjective and a verb – is dumb. It sounds like the name of a law firm.

    Target is launching its own food brand as it doubles down on grocery and takes on Walmart

    https://www.businessinsider.com/targ...grocery-2019-8

  5. #185
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    The Bureau of Labor Statistics' admission that job growth was much lower than initially reported didn't hurt the stock market. Today the Dow rose 0.93%, NASDAQ was up 0.90% and the S&P climbed 0.82%.

    US created 500,000 fewer jobs since 2018 than previously reported, new figures show
    Hiring doesn't appear to have gotten big boost from Trump tax cuts.

    https://www.marketwatch.com/story/us...how-2019-08-21

  6. #186
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    In an August 12 press release, Patrick Byrne confirmed that he had a three-year relationship with Russian agent Maria Butina and had been involved in a "deep state" investigation of the 2016 Presidential election. Two days later, Overstock.com shares had fallen from $25.56 to $15.68. Following Byrne's resignation today, OSTK shares started climbing, to near $22.

    Overstock.com CEO resigns after 'Deep State' controversy

    https://www.latimes.com/business/sto...te-controversy

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