Markets Watch Jobs Data For Federal Reserve Hike Hints
Federal Reserve watchers track October job data from ADP and the weekly unemployment claims before Friday’s government nonfarm payroll release. Analysts expect 180,000 new jobs, unemployment holding at 5.1 percent, shaping the December rate decision and the timing of any 2016 move.
MENTIONED IN THIS ARTICLE
Federal Reserve
Fed
Wall Street
ADP
Investment tracking users by generation and wealth share
SigFig data show Millennial users owning 75 percent of wealth among their group while 27 percent of retiree users also hold three quarters of their group total. The figures highlight wealth concentration differences across age cohorts using SigFig tracking services.
How we're performing USA's portfolio allocation by trade activity
Data from SigFig shows individual investors in the United States favoring buy and hold with less than 10 percent turnover. Five day average stands at 0.34 while six month average reads minus 2.83. The largest holding cited is 3F, with no clearly identified most bought or most sold entities and a garbled trailing note.
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USA
AAPL
Sune Trs
SigFig investment tracking service grows with investors online
SigFig reports more than five hundred thousand investors nationwide with total assets around two hundred billion dollars use its online portfolio tracking. Data on this page come from SigFig analysis and reflect user activity and holdings.
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America
SigFig
Activision Blizzard to Acquire Candy Crush Saga Maker
King Digital Entertainment, the creator of Candy Crush Saga, to be acquired by Activision Blizzard for 5.9 billion dollars, about 18 dollars per share, as Activision expands its portfolio beyond Call of Duty. The deal follows mixed earnings signals, with regional factors impacting ethanol exports mentioned in market notes.
MENTIONED IN THIS ARTICLE
King Digital
Activision Blizzard
USA
Activision
GoPro Hit By New Patent Suit From Polaroid
Polaroid sues GoPro alleging infringement of Cube technology. CNBC reports the legal challenge adds to GoPro’s ongoing troubles as shares fall amid intensified patent action and investor concern over the camera maker’s competitive position.
MENTIONED IN THIS ARTICLE
Polaroid
GoPro
CNBC
GE Offer for Synchrony Poses Choice for Long-Term Investors
GE offers to swap GE shares for Synchrony shares at a 7 percent discount as it seeks to limit financial assets. Analysts advise long-term GE holders to consider holding rather than trading, noting GE’s strong core business and a potential 6 to 7 percent reduction in GE float.
MENTIONED IN THIS ARTICLE
General Electric
Nicholas Heymann
William Blair
Heymann
New myRA savings plan opens to workers without 401(k) access
The government launches the free safe and simple myRA program for about 55 million Americans lacking employer retirement plans. It starts this week, requires no fees, and allows contributions as low as one dollar, with annual limits up to 5500 dollars. It is a Roth IRA built entirely in Treasury securities. Tim Galea of Norton’s Flowers & Gifts in Ypsilanti says it’s a no brainer for his 21 employees.
MENTIONED IN THIS ARTICLE
AARP
Treasury
Jack Lew
Federal Reserve Board
David Certner
Treasury Security
Tim Galea
Norton’s Flowers & Gifts
Ypsilanti, Mich
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