Stock Market Approaches All-Time Highs | Jack Ma Exits

Alibaba Group Holdings BABA Stock Chart 9.9.19

Alibaba Group Holdings BABA Stock Chart 9.9.19


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Stocks look to reclaim their all-time highs in the week ahead

Stocks will look to build on their strong recent momentum and reclaim their record highs next week amid a slew of economic data while trade war fears decrease.

The S&P 500 is about 1.6% from an intraday record reached on July 26 after notching back-to-back weekly gains.

Alibaba set for ‘big challenge’ as flamboyant chairman Ma departs

SHANGHAI (Reuters) – Alibaba Group chairman Jack Ma will step down from the Chinese firm on Tuesday, leaving his handpicked successor a daunting task of steering the $460 billion juggernaut at a time when the market for its core e-commerce business has slowed sharply.

Why the coming recession could force the Federal Reserve to swap greenbacks for digital dollars

A movement is brewing among economists, financial-services professionals and central bankers to encourage a rethinking of the technology of currency — those paper notes we carry in our wallets — with an eye toward issuing a digital currency.

Some argue that could give central banks the tools necessary to break free of chronic disinflation and persistently low or negative interest rates, while providing Americans a risk-free means to transact in a world where digital commerce constitutes a growing share of the economy.

Private Buyout: Symantec Stock Spikes 7%

Symantec Corporation (SYMC) stock spiked as much as 7% on Friday and closed 4.5% higher to $24.52 on a buyout offer. The stock gained after two private equity firms, Permira and Advent International, made a buyout deal for Symantec’s consumer cyber safety business.

Pete Renzulli

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