Shares of Target and Lowe’s surged after strong earnings results, the latest companies to surpass the downbeat expectations of analysts. Source: NYT > Business – Matt Phillips
How Shareholder Democracy Failed the People
Shareholder democracy seemed like a good idea at the time. What we got was shareholder supremacy. Source: NYT > Business – Andrew Ross Sorkin
Warren Buffett Is Buying Bank Stocks. Why Aren’t Others?
Growth is slowing, worries of a recession are rising and the Fed just cut interest rates. Wall Street analysts expect lower rates to crimp banks’ profitability. Source: NYT > Business – Stephen Grocer
G.E. Is Accused of Major Fraud, and Stocks Take a Beating
Plus, WeWork takes steps to go public, and investigations into the Jeffrey Epstein case continue. Source: NYT > Business – Charlotte Cowles
A Year of Stock Market Fury, Signifying Nearly Nothing
Despite wild swings stemming from the trade war, gains over the last 12 months have been tiny. Source: NYT > Business – Matt Phillips
London Exchange Is Delayed by Technical Problem
Opening of trading was pushed back one hour and 40 minutes as the stock exchange tried to determine the cause. Source: NYT > Business – Amie Tsang