With a few thoughtful touches and a little creativity, you can transform your bath into an oasis so inviting, your guests may never want to leave …read more
From:: DIY this old house
How to Beautify Your Bath for the Holidays
Editors’ Video Picks: Roofing and Siding How-tos
6 Fast Fixes for the Holiday Season
Mark Mobius: No doomsday scenario for emerging markets
The MSCI Emerging Markets index is down 13% year to date as fears about a Chinese economic slowdown on top of an imminent Federal Reserve rate hike batter investors’ confidence. But Mark Mobius of Franklin Templeton Investments downplayed widespread worries about emerging markets, noting that foreign reserves and public debt are at healthy levels while economic growth remains robust. “There are pockets of vulnerability in some countries, but by and large, we don’t see an asset-class-wide doomsday situation,” he said in a blog post on Friday. Mobius expects emerging markets to continue to drive global economic growth and stressed that they should not be ignored, given their economic impact. “It is true that emerging markets’ economic growth in general has been slower this year than perhaps it was in the past, but we don’t see systemic risk present in emerging markets,” he said.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
French President Hollande declares state of emergency
WASHINGTON (MarketWatch) — In a televised address, French President Francois Hollande said he is declaring a state of emergency, which includes the closure of the country’s borders.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Obama says U.S. stands ready to aid France after attack
WASHINGTON (MarketWatch) – President Barack Obama on Friday said the United States stands ready to work with the French government in the wake of the wave of the terrorist attacks on civilians in Paris. “We have seen outrageous attempt to terrorize civilians,” the president said in a brief statement in the White House press room. Obama said all of the details of the attacks from the French capital were not known and the situation was still unfolding. “This is a heartbreaking situation,” Obama said. The president said he would not speculate who was behind the attacks. “Until we know the situation is under control, I don’t want to speculate,” he said.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
IMF’s Lagarde and staff support adding China’s currency to SDR basket
WASHINGTON (MarketWatch) — International Monetary Fund Managing Director Christine Lagarde said Friday that she supports a staff proposal to include China’s currency in the basket of currencies that make up the international agency’s Special Drawing Rights (SDR). Lagarde said the IMF Executive Board would consider the issue at a meeting on Nov. 30. Since the 1990s, the SDR has consisted of four currencies: the dollar, the euro, the UK pound and the yen. China has pushed for the inclusion of the yuan, also known as the renminbi, in the basket as it would confer de facto reserve status on the currency. Lagarde said the IMF staff determined the yuan has met the condition that it is a widely-used currency.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
David Tepper’s Appaloosa slashes stakes in Apple and Google, and sells off Alibaba and Bank of America
The value of equity holdings at Appaloosa Management LP declined 29% during the third quarter, as the hedge fund of famed billionaire investor David Tepper slashed its stakes in tech giants Apple Inc. and Google Inc. nearly in half, while dumping all of its Alibaba Group Holding shares, the latest regulatory filings show. Appaloosa’s equity holdings were valued at $2.86 billion as of Sept. 30, down from $4.04 billion at the end of June. During that time, the fund cut its stake in Apple to 1.31 million shares from 2.52 million shares and its Google holding to 186,650 shares from 349,055 shares. It no longer held any Alibaba shares, after holding 1.36 million on June 30. Separately, Appaloosa cut its General Motors Co. stake to 13.3 million shares from 19.18 million shares and got rid of all of the 1.91 million shares of Bank of America Corp. it owned. The fund added new holdings in Nike Inc. , of 359,500 shares; Ingersoll-Rand , of 689,566 shares; and in Allstate Corp. , of 625,084 shares.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Assets at China-focused hedge funds drop sharply in third quarter
Hedge funds focused on China witnessed a big drop in capital with total assets falling to $117.45 billion in the third quarter from $126.31 billion in the second quarter, according to Hedge Fund Research Inc. on Friday. Kenneth Heinz, president of HFR, cited concerns about slowing Chinese economic growth and questions over the reliability of corporate accounting practices in China for the decline in assets. However, he noted that there has been a recovery in risk tolerance in the fourth quarter as the Chinese stock market stabilized. Still, the ongoing investigation into security firms and asset managers in China is hanging over the market. “Regulators also limited short selling on Chinese index futures. This trading rule changing tied the hands for opportunistic investor on shorting the market in order to implement certain trading strategies,” he said. The Shanghai Composite index , which has fallen roughly 30% from its 2015 peak, slid 1.4% to close at 3,580.84 Friday.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Shootings, explosion rock Paris; 18 reported dead
A gunman opened fire at a restaurant in Paris Friday, and another shooting took place at an arts center, the BBC said, citing French news reports. At least seven people were injured and a number have been reported as killed, the BBC said. In another attack, an explosion targeted a bar near a soccer stadium where the French national team was hosting the German team. A BBC journalist at the scene described seeing about 10 people on the road either dead or seriously injured, the BBC said. Agence France Press reported on its Twitter feed that at least 18 people were killed in the multiple attacks. CNN reported that Paris police is dealing with a hostage situation in one of the sites of the shootings.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News