Last week’s headlines must be a frustration among the 11 S&P 500 sector exchange-traded funds as there are continuous downgrades here and there. Here are some of the results from this week’s scorecards to have a glimpse of what to watch out for.
Investors
Founder of Geneva Investment Firm Gets 5 Years for Embezzlement
Founder of Geneva was sentenced to 5 years of prisonment for embezzlement. The founder of an investment firm based in west suburban Geneva has been sentenced to five years in federal prison for embezzling client funds to pay for his lavish lifestyle, including a yacht and a luxury vehicle.
Walgreen Sues Theranos and Seeks $140 Million in Damages
Walgreen had sued Theranos and is seeking for a $140 Million in Damages. Walgreens has filed a $140 million lawsuit against blood-testing company Theranos, a former business partner.
Transwestern Investment Group Closes Funds For Real Estate
Transwestern Investment Group is an investment advisor serving a broad range of investors through a diversified array of discretionary and non-discretionary investment vehicles. Recently, it just had closed its TSP Value and Income Fund I.
FED Tolerates US Fiscal Investment Amidst Election Day
Despite that it is election day for America, FED urges fiscal investments. The United States lawmakers should take advantage of low interest rates by making infrastructure investments and encouraging innovations that boost productivity, a Federal Reserve policymaker said on Tuesday as Americans voted in a presidential election.
Latest News
Even with some major setbacks, stocks looks promising in 2016. The S&P 500 has increased 5% year to date and the MSCI World Index has further added nearly 2%, as of October 24, 2016. Numerous important data points with U.S. labor, manufacturing and housing markets, are displaying marks a global economy that is rising, although sluggishly.
Just like the past week, the shares of Healthcare companies outperform other sector by 2.2% as of midday Monday.
Having no marketing team, Apple seeks Comcast expertise to promote itsself more to the public. The Corporation of ComCast NBC Universal will begin selling ads for Apple Inc's News app next year in an exclusive deal, both companies announced on Monday.
Although Facebook is having a high stock value and profit, it must have ways on how to maintain at retain it.
Hillary Clinton promises to invest on HBCU with $25B. Presidential Nominee Hillary Clinton has big plans in store for Historically Black Colleges and Universities.
HardRock Cafe is expanding its business ventures in Japan. Hard Rock Cafe International Inc. is prepared to make a "major investment" in Japan as lawmakers propose to renew the debate on legalizing casinos in the country.
US and China exchange of investments are soon expected to end also alongside with Obama term. Chinese officials were seen entering the offices of the U.
GM is now launching Chevrolet's new car model which is more affordable than those other cars. General Motors has promised that the Chevrolet Bolt, its affordable, long-range electric car, would deliver at least 200 miles on a charge and cost no more than $30,000 after the requisite federal tax credit.
Samsung company confirms the launch of the new AI in Galaxy S8. Samsung on Sunday said it will bring an artificial intelligence digital assistant to its upcoming Galaxy S8 smartphone, as the phone giant looks to recover after its massive Galaxy Note 7 blunder.
