Market Insight Blog

Key Words: Trump praises Montana congressman who assaulted reporter
Amid a global outcry over the apparent murder of a journalist by the Saudi government, President Donald Trump on Thursday praised a Montana congressman who assaulted a reporter last year. “Any guy that can do a body slam, he’s my kind of guy.” President Donald Trump “He’s a great guy, a tough cookie,” Trump said Thursday night of Republican Rep. Greg Gianforte. “I had heard that he body-slammed a reporter ... and he was way up, and I said, ‘Oh, […]

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Tesla cuts $4,000 off Model 3 price with new mid-range battery
Tesla Inc. began selling a cheaper version of its Model 3 sedan Thursday, but the price tag is still higher than originally promised and federal tax incentives that could bring down the price are set to expire. The new version features a new mid-range battery and a starting price of $45,000, the electric car maker said late Thursday — $4,000 less than the previous starting price of $49,000. For well more than a year, Tesla TSLA, -2.90% has been touting an eventual Model S with a base price […]

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The Wall Street Journal: U.S. chip startup claims Huawei trying to steal its technology
An escalating battle between the U.S. and China for supremacy in semiconductor technology is playing out in federal court between Chinese telecommunications giant Huawei Technologies Co. and a Silicon Valley startup backed by Microsoft Corp. and Dell Technologies Inc. CNEX Labs Inc., based in San Jose, Calif., and its co-founder Yiren “Ronnie” Huang alleged in Texas federal court this week that Huawei and its Futurewei unit have engaged in a multiyear plan to steal CNEX’s […]

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BookWatch: These mind hacks can help you handle a volatile stock market and invest smarter
Many martial arts rely on what is referred to as the “Circular Theory of Self Defense,” meaning that the momentum and exertion of an attacker can actually be used to your advantage. Imagine being rushed by a would-be assailant who speeds toward you with arms extended. Rather than meeting the full force of his momentum head on, you might side step this rush, deflecting the outstretched arm, leading him to rush past, now vulnerable to counter attack. This approach of working with a […]

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PayPal sees encouraging growth from Venmo; shares surge after hours
PayPal Holdings Inc. says that its efforts to make money from Venmo are nearing a “tipping point,” news that helped send shares of the payments company up 7% in after-hours trading Thursday. Chief Executive Dan Schulman said on the company’s earnings conference call that 24% of Venmo users have engaged in a monetized transaction since launch, up from 17% in the June quarter. “We saw significant advances across a wide array of Venmo monetization efforts,” he told […]

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The Wall Street Journal: ‘It certainly looks’ like Khashoggi is dead, Trump says
President Donald Trump acknowledged for the first time on Thursday that journalist Jamal Khashoggi is likely dead. “It certainly looks that way to me. It’s very sad,” the president told reporters as he left the White House on his way to a campaign rally in Montana. Read: Mnuchin to skip Saudi conference as U.S. weighs more time for Khashoggi probe He was asked what consequences Saudi Arabia would suffer if an investigation determined the kingdom was behind the death of […]

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The Wall Street Journal: U.S. withdrawal from global postal pact draws mixed reactions from businesses
Many American companies applauded the Trump administration’s move this week to pull out of an agreement that makes it cheaper to ship goods to U.S. customers from China than from within the U.S. But some business organizations worried it could crimp the flow of global e-commerce. The administration announced Wednesday that it had begun withdrawing from the United Nations agency that negotiates international postal rates because the organization had failed to address international discounts […]

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The Wall Street Journal: CFPB seeks independent investigation into official’s racial comments
WASHINGTON — The Consumer Financial Protection Bureau has asked an independent government watchdog to investigate past racial remarks made by Eric Blankenstein, its top enforcement official. CFPB acting Director Mick Mulvaney has sent an investigation request to the inspector general’s office for the Federal Reserve and CFPB, a person familiar with the situation said. Blankenstein, an associate director overseeing supervision, enforcement and fair lending, in September acknowledged […]

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Micron to buy out Intel’s share of flash joint venture for $1.5 billion
Micron Technology Inc. said late Thursday it plans to buy out Intel Corp.’s share of a flash memory joint venture that the two chip makers have participated in for more than a decade. Micron MU, -2.48% agreed to pay Intel $1.5 billion for its stake of their IM Flash Technologies joint venture, and expects to close the deal in six to 12 months after it is able to exercise call options on Jan. 1. On a conference call, Chief Financial Officer Dave Zinsner said Micron will pay for the buyout […]

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The Wall Street Journal: Kelly, Bolton said to get into profane shouting match outside Oval Office
WASHINGTON — White House chief of staff John Kelly and national security adviser John Bolton engaged in an “explosive” shouting match outside the Oval Office on Thursday, according to people familiar with the matter. The argument, which was marked by several expletives, was prompted by a recent report that said border crossings had increased in the past month, according to one of the people. The White House declined to comment on the episode. President Donald Trump, asked about […]

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