Tuesday, May 28, 2019

The aging US population creates an 'awkward' problem for economy

America's population is aging and Millennials are having fewer kids than older generations did. That's a risk to the US economy that is not receiving as much attention as concerns about interest rates, the trade war and corporate earnings.
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The aging US population creates an 'awkward' problem for economy
America's population is aging and Millennials are having fewer kids than older generations did. That's a risk to the US economy that is not receiving as much attention as concerns about interest rates, the trade war and corporate earnings. Read more »
 
Consumers are really confident. That might be bad news
Good news! American consumers are feeling about as bullish as they have been in nearly 20 years, thanks in large part to a healthy job market. Read more »
 
Jamie Dimon on Wells Fargo: This is 'not the way to run the railroad'
Wells Fargo, like a rudderless ship lost at sea, must navigate one of the most difficult periods in its 167-year history without a clearly defined leader. Read more »
 
GE aims to slash 1,000 jobs in France to stop the bleeding at slumping power division
General Electric revealed plans on Tuesday to slash up to 1,044 jobs in France in a bid to halt the downward spiral of the conglomerate's power business. Read more »
 
Alibaba is reportedly mulling a $20 billion listing in Hong Kong
Alibaba is considering a secondary share listing that would potentially dwarf some of the biggest IPOs of the year. Read more »
 
Fintech arms race heats up with $21.5 billion takeover
Global Payments announced a $21.5 billion deal on Tuesday to acquire rival Total System Services. It's the latest salvo in the fintech arms race. Read more »
 
 
 
 
Dow Nasdaq S&P
-237.92   -29.66   -23.67
25,347.77   7,607.35   2,802.39
-0.93%   -0.39%   -0.84%
YTD +8.66%   YTD +14.65%   YTD +11.79%
 
Biggest Winners
Advanced Micro Devices Inc +9.80%
 
Total System Services Inc +4.75%
 
Activision Blizzard Inc +2.86%
 
Discovery Inc +2.80%
Biggest Losers
Kraft Heinz Co -6.59%
 
Perrigo Company PLC -5.70%
 
Mylan NV -5.69%
 
Nektar Therapeutics -4.94%
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Oil $59.03 -0.11 / -0.19%
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10-yr 2.27% -0.06
Euro $1.12 -0.00 / -0.30%
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