Shares of Twitter Inc. TWTR, -1.04% are down 1.7% in premarket trading Monday after MoffettNathanson analyst Michael Nathanson lowered his price target on the stock to $21 form $23 and maintained his sell rating.
Iranian crude sanctions, U.S.-China trade issues remain in focus
Oil futures posted a modest loss on Monday, finding some support from the threat of disruptions to supply from U.S. sanctions on Iranian oil, but also pressured by the potential for lower global demand on the heels of U.S.-China trade tensions.
Brexit hopes push sterling above $1.31, keep dollar low
The U.S. dollar weakened firmly on Monday, as financial markets worried about renewed escalation of a persistent trade spat between the U.S. and China.
The Qatar Stock Exchange continued to remain under the bearish spell for the second day on Monday, dropping more than 109 points, mainly dragged by banking and industrials equities.
Strong selling pressure from Gulf and domestic funds drove the 20-stock Qatar Index down 1.1% to 9,832.68 points.
NEW YORK — A Turkish startup is offering a movie a day in theaters for $30 a month.
It’s three times what MoviePass (HMNY[NSC] – $0.0155 Trade ) had charged for a similar plan. But that was financially unsustainable, as it typically had to pay theaters the full ticket price. MoviePass now offers just three movies for $10 a month and limits which titles can be watched on any given day.
Swiss collective pension investment foundations (IFs) – Anlagestiftungen or fondations d’investissement – will in future be allowed to hold more than 50% of their assets in equities given the low-interest rate environment, according to a new draft law.
Pension funds are also to be given more say in board decision-making at the foundations.
Summary
A Bull Market For The History Books
US equities performed a record bull run from the end of the great recession up until now. The broad-based S&P 500 index gained almost 340%. It is the longest bull run in US history. It did not unfold as a straight line and showed some twists and turns. The S&P 500 corrected on six occasions by a low double-digit figure since 2010. The subsequent rallies erased all corrections leading to today’s levels.
The US says it will cap the number of refugees allowed into the country next year at a near record low of 30,000.
It compares with a 45,000-refugee limit set by President Donald Trump for 2018 and 50,000 the year before.
Secretary of State Mike Pompeo announced “the new refugee ceiling”, adding the US would also process more than 280,000 asylum seekers in 2019.
PM’s offer reverses decades of hostility in official policy but analysts question motives
Imran Khan has pledged to grant citizenship to 1.5 million Afghan refugees who have lived on the margins of Pakistan’s society for decades.
Trapped between rising sea levels and development projects that are eating into the coastline of the southern Indian state of Tamil Nadu, fishing communities using cheap technology have taken matters into their own hands, reports Mahima A Jain.
More than 40 fishing villages around Chennai (formerly Madras) have created land use maps using open source software and affordable technology. A land use map helps identify which areas of land are used for which purpose.
Wall Street Gains Ground as It Notches a Winning Week and Another Dow Record
Average Rate on a 30-Year Mortgage in the US Rises to Highest Level Since July
Bitcoin is jumping again, setting another new high above $99,000
The number of Americans applying for unemployment benefits fell again last week, remaining near seven-month lows
Meritage Homes Co. (NYSE:MTH) Shares Purchased by Intech Investment Management LLC
UDR, Inc. (NYSE:UDR) Stock Position Increased by Daiwa Securities Group Inc.
Swiss National Bank Buys 249,100 Shares of GameStop Corp. (NYSE:GME)
Costco Wholesale (NASDAQ:COST) Stock Price Up 2% – Here’s What Happened
Australia Rejects Elon Musk’s Claim That It Plans to Control Access to the Internet
Swiss Voters Reject More Powers for Landlords on Subletting
