If you're looking for a new job—and in this market it isn't a bad idea to shop around and get a boost in pay—beware the dark side of career-related sites. The New York Times has reported that Chinese agents have been using Microsoft-owned LinkedIn for recruiting purposes.
| | Good morning. Argentina is asking the International Monetary Fund (IMF), and other creditors for more time to pay off $101 billion in debt. Should there be no new agreement on terms, Argentina may not be able to pay, and cause a sovereign default on their debt.
If this happens, it will be the ninth time the country has done so. Typically, bankers learn from making a bad loan or two to a customer, but for the IMF to get it wrong nine times on just one country makes one wonder why the bank is in the business of banking.
| | | | | | | | | | DOW 26,362.25 | +1.25% | | | | S&P 2,924.58 | +1.27% | | | | NASDAQ 7,973.39 | +1.48% | | | | *As of market close | | • | Stocks rallied on Thursday, erasing the trade war fear decline of recent weeks. | | • | Oil rallied 1.5 percent, to $56.60 per barrel. | | • | Gold dropped 0.8 percent, hitting $1,537 per ounce. | | • | Cryptocurrencies extended their Wednesday decline, with bitcoin nearing $9,500. | | | | | | Sign of Trade War Tension Easing Fuels Market Rally | | | | The stock market posted strong gains on Thursday, following an announcement from a Chinese commerce ministry official who indicated that the Chinese government would not immediately respond to the latest round of tariff hikes from the United States.
The move led investors to conclude that China was looking to ease tensions, rather than escalate the trade war further, following rounds of belligerent comments from both sides in the past.
» FULL STORY | | | | | | Mortgage Rates Steady Near 3.5 Percent | | | | The latest data in the mortgage market from the Freddie Mac Primary Mortgage Market show that 30-year fixed rates remain near 3.5 percent, near historic lows. The combination of a strong labor market and the Fed's first interest rate decline in 11 years are likely to keep rates near this level for some time.
Although rates crept up three basis points in the past week, mortgage rates are generally a full percentage point below rates one year ago.
» FULL STORY | | | | | | Insider Activity: Harvest Capital Credit Corp (HCAP) | | | | On Wednesday, August 28th, Joseph Jolson picked up 6,394 shares of Harvest Capital Credit Corp (HCAP), where he serves as CEO and already has an ownership stake with more than 10 percent of the shares outstanding.
The purchase came to nearly $63,000, and increased his stake in the company by 0.85 percent. Year-to-date, insiders have been buyers of shares at the company, almost exclusively by Jolson, but there has also been one buy from the company's CEO.
» FULL STORY | | | | | | | Unusual Options Activity: MetLife (MET) | | | On Thursday, over 5,000 contracts traded on March 2020 $50 call options on MetLife (MET). With a prior open interest of 224 contracts, the volume was 22 times the prior open interest, making for one of the most active options trades of the day.
With shares around $44, the bet is on a $6 upside by March, about 13.4 percent higher from here, in the next 203 days before expiration.
» FULL STORY | | | | | | | TOP | | DG | 10.679% | | | PVH | 6.245% | | | NOV | 4.851% | | | MPC | 4.813% | | | URI | 4.703% | | BOTTOM | | HRB | 9.338% | | | BBY | 7.986% | | | MO | 3.49% | | | MKTX | 3.019% | | | PM | 2.153% | | | | | | | | | Why has gold had such a tremendously positive run in 2019 despite the lack of inflation? Fear gold is much less expensive to hold if the market also expects interest rates to tumble. And as interest rates do tumble, that merely reinforces the deflationary message as it relates to expected elevated instability and uncertainty. Higher demand and lower perceived cost equal much higher price. | | - Alhambra Investment Partners analyst Jeffrey Snider on gold's run in 2019, and likely rally if interest rates push lower. | | | | FREE SESSION: The "Flipping Stocks" Method | | | A new and unconventional way to "flip stocks" is quickly catching on across the country. And the man who developed this method has made nearly $25 million with it. What he's teaching could help even novice investors earn an extra $15,000 in the next 30 days alone.
And he recently got on camera near his home in Florida to explain exactly how it works. Click here to watch his free session | | | |
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