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1 Article
Source: BBC

The passion and fashion of Nigeria’s vote

Friday 15:27 GMT

During the previous regime of Goodluck Jonathan there was corruption, but there hasn't been corruption this time," he says.

Elections in Nigeria come with style - special cloth is commissioned and tailors are busy as traditional attire takes on a political edge. Arike Adesida (above) wears a tailor-made dress for a rally in the commercial hub of Lagos and says she wants President Muhammdu Buhari of the All Progressives Congress (APC) to win a second term.

1 Article
Source: Common Domain

The most popular stock market indicator just gave a buy signal — ignore it

Friday 15:27 GMT

• The indicator derives its power not from anything innate in the stock market, but from the legions of investors who believe in it.

Please see “If you own Apple, Amazon, Facebook or AMD, look out below.”. • In deciding whether to jump into the stock market based on this indicator, in my opinion, investors ought to pay more attention to the second chart linked above. Please see “You can bet that the U.S.-China trade deal won’t help stocks — here’s why.”. • Legions of investors who believe in the 200-day moving average will have an eye-opener if they were to look at the third chart linked above.

1 Article
Source: Common Domain

What to know about the new jumbo reverse mortgages

Thursday 08:05 GMT

One Reverse Mortgage, the San Diego unit of Quicken Loans, launched its jumbo reverse mortgage (the Home Equity Loan Optimizer or HELO) in August, 2018, to overcome the limitations of FHA reverse mortgages.

In October, 2018, Finance of America Reverse, a Tulsa, Okla.-based reverse mortgage lender, began offering the HomeSafe Select proprietary reverse mortgage product in California, with additional states expected soon.

1 Article
Source: Common Domain

Hesitant Homebuyers Give Manhattan’s High-End Rental Market a Boost

Friday 12:41 GMT

The growth in high-end rental prices reflects wealthy New Yorkers, who would otherwise buy, choosing instead to ride out recent stock market volatility, the ill-defined effects of the 2017 tax reform and a generally soft housing market in New York by renting instead.

The median luxury rental price in Manhattan jumped to $8,600 in January, an increase of 7.5% compared to last year, according to the data published Thursday.

1 Article
Source: Common Domain

3 reasons why the housing market isn’t as strong as it seems

Friday 08:05 GMT

By many measures, the U.S. economy is doing extremely well — but when it comes to the nation’s housing market, something doesn’t quite add up.

More: The depressing reason rich people are now the fastest-growing segment of renters. Also read: Consumers requested the lowest number of credit inquiries since 2003 — why that’s a cause for concern

1 Article
Source: Common Domain

Momentum investing’s bad luck may be about to turn

Friday 08:05 GMT

Even if momentum is just as effective a strategy in the future as the past, the volatility of its returns is such that there is a not-insignificant chance that it will still lose money over any given 10-year period.

Its failure has led to no end of soul-searching among advisers and researchers alike, wondering whether the venerable momentum effect may have stopped working permanently. That’s important to bear in mind since momentum is coming off one of those 10-year periods.

1 Article
Source: Common Domain

Surge in £15 Million Sales Means Little for the Rest of Prime Central London

Wednesday 21:51 GMT

Surging activity for £15 million-plus homes (those priced at US$19.35 million and up) in London contradicts the broad, multi-year slowdown in the city’s home sales, and experts said on Tuesday that the anomaly doesn’t mean much when it comes to the overall health of the market.

"Top-end sales are not key indicators of market conditions as the ultra-wealthy are always able to transcend economies," said William Carrington, chairman of real estate firm LonRes, referring to recent news that super-prime sales soared more than 40% in 2018 compared to the previous year.

1 Article
Source: Common Domain

CMO Today: Barneys Will Sell Weed; Katy Perry 'Blackface' Shoes Yanked; 'Whole Paycheck' Returns?

Wednesday 14:30 GMT

Amazon slashed prices at Whole Foods after it bought the the chain in 2017 in a bid to erase the brand’s “Whole Paycheck” nickname.

Because this kind of thing keeps happening:. Walmart and Dillard’s have pulled shoes from Katy Perry’s line that some people say resemble blackface, according to TMZ. That’s only the latest such move: Gucci just pulled a sweater that looked like blackface and Prada recently apologized for selling bag charms that evoked the same.

1 Article
Source: Common Domain

CMO Today: New Green Deal Marketing; Gucci Tries to Avoid a 'Blackface' Repeat; Apple Wants a Big Bite

Thursday 13:36 GMT

The French billionaire who controls Gucci promised to increase the luxury brand’s cultural-sensitivity training for employees after it offered (and then pulled) a turtleneck sweater that resembled blackface.

François-Henri Pinault, chief executive and controlling shareholder of Gucci parent Kering, said the company has teams that review products and marketing materials destined for Asian markets.

1 Article
Source: Common Domain

Fed could achieve the elusive soft landing if market forces don’t intervene

Thursday 10:51 GMT

Unless the Fed responds aggressively to such an inversion — and I’m not convinced policy makers will seize the day — it almost guarantees that Soft Landing 2.0 will remain a mere footnote in economic history, a case of what might have been, not a model for central banks to emulate in the future.

What could go wrong to upset the apple cart, upend the best laid plans of the Fed for a soft landing and send the expansion — which would turn 10 years old in June and become the longest on record in July — into reverse?

1 Article
Source: Common Domain

Asian markets mostly higher, boosted by energy stocks

Thursday 04:15 GMT

Asian shares were mostly higher Wednesday, cheered by prospects for a resolution to the costly trade dispute between the U.S. and China, which had also sent Wall Street indexes higher.

Among individual stocks, oil company Inpex 1605, +13.85%   soared in Tokyo trading after raising its annual profit forecast by 37%, while SoftBank 9984, +5.80%   and Honda 7267, +1.80%   rose as well. Tech and oil stocks rose in Hong Kong, with AAC 2018, +7.46%  , Sunny Optical 2382, +2.93%  , PetroChina 0857, +2.24%   and China Petroleum & Chemical 0386, +2.15%   all advancing.

1 Article
Source: Common Domain

Kicking yourself for missing the recent rally Here are 5 reasons you shouldn’t

Thursday 17:15 GMT

Wall Street experts argued there were some good reasons: Economic slowdowns in China and Europe, rising interest rates, trade war fears, looming conflicts between a Democratic Congress and President Trump, and weaker corporate earnings.

“One of the most common rhetorical bulwarks in the defense of buy and hold investing is to demonstrate the effects of missing the best 10 days in the market, and how that would affect the compounded return to investors,” Cambria Investments manager Meb Faber pointed out in a recent research paper. But, he warns, “This is perhaps one of the most misleading statistics in our profession.”

2 Articles
Source: Common Domain

Why a stock-market rally has taken hold on Wall Street in February

Thursday 13:36 GMT

Stocks are levitating higher on Wall Street, with major benchmarks and a few other market indicators offering signs that a rally that took hold in January may give way to a more lasting uptrend.

The stock-market benchmark, often employed as a proxy for the health of technology and internet-related stocks, on Dec. 21 closed more than 20% below its all-time high set on Aug. 21, meeting the widely accepted definition of a bear market.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte