Wednesday, November 14, 2018

In the News Today (Nov 14th 2018)

M
Breaking with tradition of not discussing earnings because Macy's is often seen as a bell-weather, holiday season coming up, and also because of its turnaround story. Macy's posted its fourth straight sales gain. This could bode well for holidays retail sales - let's see.

OIl & Nat Gas
OIl continues its downward decline in both Brent and WTI. Nat Gas on the other hand has been up 38%,

PCG
PG&E Shares fell 18% on concerns there could be liquidity issues if it turns out their equipment was the reason the for the wild fire in California that his killed 48 people. I had no idea so many people lost their lives to this.
https://www.reuters.com/article/us-...ity-flags-impact-from-camp-fire-idUSKCN1NJ1X1

TAHO
Pan American announced a deal to acquire Tahoe Resources for $1.07bn, making it the largest silver producer. https://www.kitco.com/news/2018-11-...Acquire-Tahoe-Resources-For-1-07-Billion.html

JPM
JPM has opened up a new branch in Washington D.C. and plans to further expand in the region. AMZN has also decided to open its HQ in Northern Virginia and New York.

News article database courtesy of Tiingo.com



Submitted November 14, 2018 at 11:34AM by WittilyFun https://ift.tt/2Pu2edF

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