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How’s Your Stock Portfolio Doing? Depends on Where You Live.

Fascinating research from JPMorgan reveals that although the stock market is booming, the performance of your individual portfolio depends heavily on what state you live in. That’s because U.S. investors living in different regions tend to favor some S&P 500 sectors over others. Your Stock Portfolio Likely Has a Hidden Regional Bias According to JPMorgan’s…



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Uber had the worst first-day dollar loss ever of any US IPO

Uber started trading on Friday in an initial public offering that valued the company at $75.5 billion. By the end of day Friday, the stock was trading down 6.7% off the $45 a share, where the company had priced on Thursday night. With a cumulative loss of $655 million, it’s the worst first-day dollar loss…



China is ‘hopeful’ of securing a trade deal with the US

China is ‘hopeful’ of securing a trade deal with the US

Asked about the prospects of a deal, Mr Wang told reporters he was “hopeful” as both sides worked around the clock to reach consensus.”We have made substantial progress on some important issues. At the moment, teams from both sides are going all out to communicate and negotiate to reach an agreement,” he said.He was speaking…



Donald Trump offers Democrats deal to end shutdown

Donald Trump offers Democrats deal to end shutdown

The president’s offer includes giving 700,000 recipients of the Deferred Action for Childhood Arrivals (DACA) program an extended protection from deportation and access to work permits and social security numbers.He has also offered a longer Temporary Protected Status for 300,000 migrants to enable Congress to work on a “larger deal”.House Speaker Nancy Pelosi indicated the…