All Finance News
Top stories summarized by our editors
5/24/2018

Comcast is preparing a $60 billion cash offer for entertainment assets of 21st Century Fox, topping Disney's $52.4 billion all-stock bid. Activist investor Christopher Hohn has urged Fox owner Rupert Murdoch to fairly consider Comcast's offer and to ignore a potential tax advantage from Disney's bid.

More Summaries:
Comcast, Rupert Murdoch, Fox, Disney, Fox
5/24/2018

The US has not yet decided whether to lift a ban on Chinese telecommunication firm ZTE, Secretary of State Mike Pompeo says. A suggestion that President Donald Trump might relax sanctions on ZTE has met resistance from a legislative committee, which has voted overwhelmingly for sanctions to stay.

Full Story:
CNNMoney, Reuters
5/24/2018

The S&P 500 has capacity to pass 3,000 points by early 2019, says technical analyst Peter Lee, who has set a target of 3,109. Lee acknowledges a long rally is reaching maturity but says a general uptrend is still in place, though he cautions the index might struggle to exceed his target, which could prompt a correction.

5/24/2018

Strife within the UK government regarding its Brexit policy is adversely affecting the pound, foreign exchange strategist Viraj Patel says, as the currency continues to lose against the US dollar and the euro. "These fresh political hits could keep sentiment for GBP dented in the near term," Patel says.

Full Story:
Pound Sterling Live
5/24/2018

Another lava flow from Hawaii's Kilauea volcano is likely to reach the ocean today and create more "laze," a type of haze that includes hydrochloric acid and glass particles. Video of the eruption shows blue flames created as burning vegetation yields methane.

Full Story:
CNN
5/24/2018

A Congressional Budget Office analysis estimates that health insurance premiums in Affordable Care Act markets will increase an average of 15% next year as a result of the repeal of the ACA's individual mandate penalty, rising health care costs and the administration's decision to halt cost-sharing reduction payments to insurers. The number of uninsured people will increase by 3 million between 2018 and 2019, but ACA marketplaces are expected to be stable in most parts of the US over the next 10 years, according to the report.

Full Story:
The Hill
More Summaries:
ACA, ACA, CBO
5/24/2018

Only 35% of college-educated women report feeling confident they can manage investments in their self-directed retirement accounts, compared with 60% of college-educated men and 41% of men who only hold high-school diplomas, according to a Federal Reserve survey. The difference may be exacerbating the gap in retirement savings between the genders, writes Jordan Yadoo.

Full Story:
WealthManagement
More Summaries:
Federal Reserve, Jordan Yadoo
5/24/2018

The European Investment Fund, which is controlled by European governments and a few banks, is moving to a niche market in which banks pay investors fees to cover possible loan losses, critics say. They contend the move gives banks' balance sheets an illusion of health, but taxpayers are exposed to losses if a bank encounters difficulties because no assets actually change hands.

5/24/2018

The eurozone economy is strong, but growth is falling, according to IHS Markit purchasing managers' surveys. Expansion of the German economy has declined to the lowest rate in 20 months, while French growth has slipped to the lowest rate in 1½ years.

Full Story:
Reuters
More Summaries:
IHS Markit
5/24/2018

Deutsche Bank is considering shedding nearly 10,000 jobs, or 1 in 10 workers, to reduce costs, sources say, after months of discussions about the scale of job losses. The bank's share price has tumbled almost a third this year.

More Summaries:
Deutsche Bank