- The stock market is facing a cocktail of fears in 2019 . "The market tensions we saw during this quarter were not an isolated event," said Claudio Borio, the Head of the Monetary and Economic Department at the Bureau of International Statistics, according to Markets and Money. "It was not the first, and it will not be the last. It was just another bump along the narrow path of monetary policy normalization."
- Trump's trade war is already hitting the pockets of middle America . President Donald Trump's current trade war will cost each American family $146, and that number is expected to rise to $453 in a year if he goes ahead with his threatened tariffs, according to the Tax Foundation.
- The era of US dollar 'exceptionalism' is ending soon . "We expect the US dollar index (DXYT) to weaken by about 6.5% to 91 in 2019," said UBS' Global Macro Strategy team.
- We may have just got the most alarming sign yet that a stock-market collapse is coming . Investors pulled $27.6 billion out of US equities in the week ended December 12, making for the second-biggest outflow ever, according to Bank of America Merrill Lynch.
- Malaysia files criminal charges against Goldman Sachs and 2 of its former executives for involvement in the 1MDB scandal . Malaysia has accused the bank and two of its former executives, Tim Leissner and Roger Ng Chong Hwa, as well as a former 1MDB employees Jasmine Loo Ai Swan and Low Taek Jho, of "grave violations of our securities laws" relating to its $6.5 billion sovereign wealth fund.
- Google is spending big money on a new campus in New York City . The tech giant will spend $1 billion on the campus, which will be the home of its global business organization, Reuters says, citing a Google blog post.
- GM issues layoff notices for 5 US and Canadian factories . The automaker said in a statement out Friday evening that 2,800 positions will be impacted and that 1,100 employees were interested in relocating to plants that need more labor.
- Stock markets around the world are going nowhere . Hong Kong's Hang Seng (-0.03%) was little changed in Asia and Germany's DAX (-0.11%) leads in Europe. The S&P 500 is set to open flat near 2,601.
- Earnings reporting is light . Oracle reports after markets close.
- US economic data keeps coming . Empire Manufacturing will cross the wires at 8:30 a.m. ET and the NAHB Housing Market Index will be released at 10 a.m. ET. Data concludes at 4 p.m. ET with TIC flows.
ADVERTISEMENT
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, GS, GOOGL, GM)
Here is what you need to know.
See Also:
- Google built a tiny Street View car to map out one of the world's largest model cities, and the results are incredible
- The cofounder of HQ Trivia and Vine has died at the age of 34
- Democrats erupt into laughter after Google CEO has to explain to Rep. Steve King that the 'iPhone is made by a different company'
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Here's everything to know about being a virgin on your wedding night
7 do's and don’ts of the Holy month of Ramadan
Top 5 sweetest celebrity mother-child relationships that stand out for us
International Women's Day: 5 Nigerian female celebrities championing women’s rights
Top 5 female directors in Nollywood
6 things that will break a Muslim's fast during Ramadan
5 benefits of fasting during Ramadan
5 reasons Easter was more fun when we were children
Dos and don’ts of supporting Muslims during Ramadan
ADVERTISEMENT