Markets Brace for Greece Debt Crisis and China Slump
Global investors face triple headwinds as Greece may miss a 1.55 billion euro IMF payment and hold a referendum, while Chinese markets enter a bear phase. BlackRock's Russ Koesterich notes Greece’s turmoil dampens sentiment and China’s 20% plus drop keeps valuations high versus last year.
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SigFig investors with $10M assets more likely to tax harvest
SigFig clients holding 10 million dollars or more in assets show over five times the likelihood of performing tax loss harvesting in December compared with clients who have under 100 thousand dollars. The finding highlights a strong link between wealth and tax strategy among SigFig users.
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SigFig
US investors boost tech bets via SigFig portfolio data
More than half a million investors nationwide with total assets of 200 billion manage portfolios online via SigFig. Data show 5 day average 0.36, 6 month 1.48. largest holding and most bought sold all AAPL. balanced and moderate equity allocations noted.
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EBay to spin off PayPal as separate company
EBay board voted to spin off PayPal as a separately traded company. PayPal will trade on Nasdaq under PYPL at about 56.84 dollars with a 2.1 percent daily rise. Amphenol offered 1.28 billion dollars for Singapore firm FCI Asia, boosting earnings within a year.
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National Bank of Greece ADRs Fall After Bank Closures
American depositary receipts of National Bank of Greece plunged after Greece ordered banks to close this week. The stock traded at 0.97 dollars, down 0.31, amid market turmoil tied to the Greek government shutdown actions.
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Greece
Investing Dial Back Risks When Greece Worries You
Greece gives investors many worries yet panicking shows a broader problem. Markets face constant risks, and taking on risk yields long term returns. If fear drives selling, adjust portfolio risk, diversify with investments aligned to your risk tolerance, and avoid tapping the sell button too often.
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Greece
Cypress
Gannett begins life as a public company to unite media
New Gannett, parent of USA TODAY and 92 U.S. newspapers plus 17 UK dailies, began trading as TGNA subsidiary strategy aims to boost local ads and marketing revenue. CEO Robert Dickey highlights stronger journalist coordination and social mobile distribution while markets react, shares sliding 5.2 percent.
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