Connect with us


Stock market news: Opening bell, December 4, 2018



Santa Claus diver
diver dressed as Santa Claus feeds fishes inside a fish tank at
the Sea Life aquarium in Berlin, Germany.

Reuters/Hannibal Hanschke

Here is what you need to know. 

  1. An alarming slowdown in global trade shows Trump’s trade war is
    having a devastating impact
    Data released by
    Swiss freight giant Kuehne + Nagel shows global trade grew 0.3%
    in November, down from the 3.1% growth a year ago, as every
    single region saw slowing growth.  

  2. The longest bull run in stock-market history is on its last
    legs — and a ‘deep and prolonged correction’ is

    “In our
    view, the bullish cycle that began in 2009 is ending,” Societe
    Generale’s technical team, led by Stéphanie Aymès, said in a
    note sent out to clients on Monday that pointed to a form of
    technical analysis called the Elliott Wave

  3. Ray Dalio, founder of the world’s largest hedge fund, explains
    how the next financial crisis will be different from the

    nature of this dynamic is more of a squeeze,” Dalio told
    Business Insider CEO Henry Blodget at Business Insider’s
    IGNITION conference. “This doesn’t look like 2008. In 2007, we
    would look at the financial statements of entities and see that
    they weren’t able to pay debt, and that we were headed for a
    big debt crisis. Now it’s not the same.”

  4. Amazon briefly overtakes Apple as the world’s most valuable

    reached a valuation of $865 billion Monday afternoon, briefly
    edging out Apple’s market cap of $864.8 billion.

  5. The marijuana producer Aphria crashes after a short seller
    calls it a ‘shell game with a cannabis business on the

    Aphria shares
    crashed as much as 30% Monday after the

    short seller Quintessential Capital
    Management’s Hindenburg Research

    alleged the company’s business was full of
    overvalued buyouts and fraudulent financial reporting. Aphria
    called the acquisitions

    “malicious and self-serving attempt to profit by manipulating”
    its stock price.

  6. Marlboro-maker Altria is reportedly in talks to buy the
    marijuana producer Cronos

    deal has not been reached and talks are expected to continue
    for several weeks, Reuters reports, citing sources familiar
    with the matter.

  7. The Apple supplier Cirrus Logic slashes its

    which makes analog chips used in Apple devices, said it now

    third-quarter revenue
    to be in the range of $300 million and $340 million, down from
    its previous forecast of  between $360 million and $400
    million, due to a slowdown in the smartphone market.

  8. China’s biggest streaming-music service reveals the details for
    its US IPO

    Tencent Music said Monday that it plans to
    price shares of its US initial public offering at between $13
    and $15, helping it raise as much as $1.2 billion. 
  9. Stock markets
    around the world are bleeding

    Nikkei (-2.39%) was hit hard in Asia and Germany’s DAX (-0.79%)
    leads the losses in Europe. The S&P 500 is set to open down
    0.29% near 2,783.

  10. Earnings reports keep coming

    AutoZone, Dollar General, and Toll Brothers
    all report ahead of the opening bell.
Continue Reading
Advertisement Find your dream job