Trader Talk

Nobel Prize-winning economist Robert Shiller came to the New York Stock Exchange to discuss his new book, “Narrative Economics.” It’s a book about storytelling: Humans understand the world by telling stories, Shiller says. “The most natural thing in our brains to talk about is gossip, okay?,” Shiller said. “We love these stories. We center around
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Will the WeWork fiasco change the governance structure of upcoming unicorns? WeWork’s IPO implosion centers partly on themes that are at the heart of a hot investment strategy — Environmental Social & Governance (ESG), which emphasizes relations with employees, customers, and stakeholders, as well as the importance of proper corporate governance–leadership, pay, shareholder rights, and
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Here’s the good news on earnings: Despite much hand-wringing around tariffs and the global economic outlook, overall earnings for the S&P 500 in 2019 remain “flattish,” meaning they are likely to be little changed from 2018’s record pace. The bad news: Investors remain on edge because confidence in the estimates are not high. “The wild
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Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters A trade organization that oversees the dissemination of trades at the NYSE said Monday’s trading glitch was due to a “network component failure” at the the exchange’s data center in Mahwah, New Jersey. The Consolidated Tape Association (CTA) said the
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The No. 1 registered investment advisor in America is annoyed about the state of investment advice in this country. “There is an amazing amount of silly beliefs and bad investment advice floating around,” Ric Edelman, founder and chairman of Edelman Financial Engines, told me during an interview at the New York Stock Exchange. Ric was
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U.S. President Donald Trump attends a bilateral meeting with China’s President Xi Jinping during the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lamarque | Reuters Citigroup kicks off earnings season on Monday. Traders enter with a singular focus on company guidance. Bears believe second-half guidance will be cautious and lower than expected
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