Tag: Yahoo Finance

Black Monday 1987 VS 2019 – PART II

Our research team has been attempting to answer the question that seems to be on everyone’s minds right now – are we setting up another Black Monday type of event in the global markets and what should traders/investors know before the event potentially takes place....

Brexit Isn’t Done Yet, But We May Get There: Taking Stock

(Bloomberg) -- The job isn’t done yet. The British Parliament decided to extend what markets hate most: uncertainty. What’s next? Likely a delay, even if U.K. Prime Minister Boris Johnson’s vowed to leave by Oct. 31. Johnson will on Monday ask the House of Commons to support his deal a new “meaningful vote.” It’s going to be a long week, but judging by the contained reaction of the pound and the flat FTSE 100 futures this morning, the market is pricing some hope of a resolution in the coming days.U.K. domestic-oriented stocks are first in line. They have surged over the past six sessions, and had been tipped to outperform if the deal would have been approved over the weekend. Looking at the chart below, they still have plenty of room on the upside before returning to their pre-Brexit referendum level. Morgan Stanley strategists write that a reduction in Brexit uncertainty...

Gojek’s 35-Year-Old Chief Is Joining Indonesia’s New Cabinet

(Bloomberg) -- Indonesian President Joko Widodo has offered the 35-year-old co-founder of the country’s biggest startup, Gojek, a position in his new cabinet, affirming the importance of the internet sector in propelling Southeast Asia’s largest economy.Nadiem Makarim on Monday told reporters he has accepted a cabinet post after resigning with immediate effect as chief executive officer of the ride-hailing giant he started nine years ago. That leaves the $10 billion startup, one of Southeast Asia’s largest, without its most visible leader at a time it’s pursuing funding to compete with arch-rival Grab Holdings Inc. Gojek said President Andre Soelistyo and co-founder Kevin Aluwi will take the helm as co-CEOs. The company will outline its next steps in the coming days, Gojek said in an emailed statement.Widodo, commonly known as Jokowi, will specify the role to be taken up by Makarim in a later announcement. Makarim’s appointment -- in line with the...