Pembina Pipeline Corp’s (TSX:PPL)(NYSE:PBA) stock is the perfect defensive investment. It provides a safe and high yield, and it is a Canadian Dividend Aristocrat.
— Read on www.msn.com/en-ca/money/savingandinvesting/a-top-income-stock-for-your-rrsp/ar-AAFzkKK
Explainer: How does China manage the yuan, and what is its real value? – Reuters
The U.S. government’s decision to label China a currency manipulator after Beijing allowed the yuan to weaken past the symbolic 7-per-dollar level has raised questions about how tightly managed the currency is, and its true value.
— Read on www.reuters.com/article/us-usa-trade-china-yuan-explainer/explainer-how-does-china-manage-the-yuan-and-what-is-its-real-value-idUSKCN1UZ0JN
Uber lost more in Q2 than all but 3 S&P 500 companies lost in 2018
General Electric, Kraft Heinz and Newell Brands are the only companies in the S&P 500 that lost more money last year than Uber’s $5.2 billion Q2 deficit.
— Read on www.cnbc.com/2019/08/08/uber-lost-more-in-q2-than-all-but-3-sp-500-companies-lost-in-2018.html
Baby boomers’ wealth is 12 times greater compared to millennials
The net worth gap between older and younger Americans has grown into a chasm. While the average older household had about seven times the net worth of younger households in 1998, they now have about 12 times the net worth, according to a MagnifyMoney analysis of Federal Reserve data.
— Read on www.cnbc.com/2019/08/08/baby-boomers-wealth-is-12-times-greater-compared-to-millennials.html
TikTok parent ByteDance to launch search in China to challenge Baidu
TikTok parent ByteDance recently announced plans to launch a search product to challenge incumbent Baidu, a company which has more than 70% market share in China.
— Read on www.cnbc.com/2019/08/08/tiktok-parent-bytedance-to-launch-search-in-china-to-challenge-baidu.html
Global Rate Risks
The yield curve everyone’s worried about nears a recession signal
The dramatic scramble for U.S. debt has pushed a bond market recession indicator inches away from the warning zone.
— Read on www.cnbc.com/2019/08/08/the-yield-curve-everyones-worried-about-nears-a-recession-signal.html
Strategists Unfazed as $47 Billion Vaporized From Canada Stocks – Bloomberg
With strong growth and employment, there are fewer reasons to worry
— Read on www.bloomberg.com/news/articles/2019-08-08/strategists-unfazed-as-47-billion-vaporized-from-canada-stocks
S&P 500 posts biggest daily gain in two months as rebound continues – Reuters
The S&P 500 registered its largest one-day percentage gain in about two months on Thursday, with technology shares providing the biggest boost as equities continued to rebound along with bond yields.
— Read on www.reuters.com/article/us-usa-stocks/sp-500-posts-biggest-daily-gain-in-two-months-as-rebound-continues-idUSKCN1UY1EV
European Banks Staring Down Barrel of ECB Rate Cut Seek Relief
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.After five years of negative interest rates, Europe’s lenders are grasping for straws.Top bankers used the release of dire earnings in recent weeks to lobby the European Central Bank to soften
— Read on ca.finance.yahoo.com/news/european-banks-staring-down-barrel-090937409.html