Investors’ Dash for Cash Adds to Stock Market’s Vulnerability

Investors are increasing their cash holdings at the fastest pace in a decade, highlighting doubts about the durability of the stock market’s early 2019 rebound. Assets in money-market funds, which are generally used as a proxy for net new cash flows, have grown by more than $2 billion this month, according to Lipper data through…

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Ridley Road: The slow death of an East London street market

London, United Kingdom – It’s 6:15am on a dark, rain-soaked Saturday morning and the traders on Dalston’s Ridley Road Market are busy setting up. The Afghan butcher from Jalalabad brings his knife down across a hunk of goat meat as Frank Sinatra’s Winter Wonderland blares from cheap, tinny speakers behind him. Nearby, a Mongolian man…

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Fed Says Student Debt Is Hurting U.S. Housing Market

WASHINGTON—Student debt has prevented hundreds of thousands of young Americans from buying a home in recent years and may help explain why many college graduates have moved out of rural areas, the Federal Reserve said Wednesday. The drop in homeownership among young households and the growing economic divide between rural and urban areas are two big puzzles of the economy this century. The Fed now says student debt—which has…

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U.S. Stocks Extend Drop as Nasdaq Nears Bear Market

The Nasdaq Composite Index tumbled Thursday and threatened to enter a bear market as the Federal Reserve’s latest guidance on interest rates spooked investors in growth-sensitive assets such as technology shares. The tech-heavy index declined 1.9% to 6509, off nearly 20% from its Aug. 29 high. The index would be the first of the major…

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Fear is changing how driverless cars come to market

Early rollouts of autonomous vehicles are showing how divided AV companies are on the best way to win over consumers. Why it matters: Companies are pouring billions of dollars into autonomous vehicle technology, but almost three-quarters of American drivers say they would be too afraid to ride in one. Consumer trust — as much as…

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South Korea: The women of the Gwangjang Market

Seoul, South Korea – The sun sets on a cool autumn Sunday afternoon but the action is just getting started at one of Seoul’s oldest establishments – the Gwangjang Market. The century-old market began its life as the Joseon dynasty was coming to an end with merchants looking to counteract the increasing influence of their Japanese…

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Strong Earnings Haven’t Cured the Stock Market’s Blues

Investors are selling the shares of firms that hit quarterly earnings expectations at the highest rate since 2011, a sign of concern over how long the good times can last for American corporations. Led by the likes of Amazon.com Inc., U.S. companies are on pace to extend a streak of double-digit earnings gains this quarter.…

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Bringing Up Baby’s Market Share at J&J

It’s a high-stakes corporate gamble, full of peril: Johnson & Johnson has turned its iconic, golden-hued baby shampoo clear. The move is part of a sweeping plan to overhaul the company’s struggling namesake franchise. J&J has remade its Johnson’s baby product line, cutting out chemical dyes and adding natural ingredients like coconut oil. It has…

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Tencent Music Pauses IPO Amid Market Turmoil

Tencent Music Entertainment Group is postponing its initial public offering until at least November because of the selloff in global markets, according to people familiar with the offering, hitting pause on what would be one of the largest IPOs in the U.S. this year. The music-streaming company met with its underwriting team this week to…

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Quickening Retreat From Tech Sinks Market

The Dow industrials extended their steepest October retreat since the financial crisis Wednesday, posting an 832-point decline that raises fresh concern about the health of the nine-year-old bull market for stocks. The selling was led by the technology shares that have fueled much of the 2018 advance in U.S. stocks, with Netflix Inc. dropping 8.4%,…

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