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November 27, 2019

11/27/19 The Highlight

With Black Friday right around the corner, the retail industry is hoping for a much-needed boost.

According to the American Apparel and Footwear Association, nearly half of the entire U.S. population is expected to go shopping this week– 135 million of those people on Black Friday alone.

Who says retail is dead? Here’s your weekly highlight.

Economic News

  • China Optimistic On Trade Deal: China’s Commerce Ministry released encouraging news about a trade deal resolution after a phone call between top negotiators from the U.S and China. According to the Wall Street Journal, the Commerce Ministry said both sides reached a consensus on resolving current issues.

  • Massive Brokerage Merger: Charles Schwab has announced it will acquire TD Ameritrade in a $26 billion all-stock transaction on Monday. The deal between the two biggest publicly traded discount brokers will form a behemoth firm with over $5 trillion in client assets. The merger comes amid a sizeable shakeup in the discount brokerage space as both firms have moved to eliminate trading commissions. 

  • eBay Divests Stubhub: eBay has announced the sale of ticket marketplace Stubhub for $4.05 billion to Viagogo. The e-commerce company initially acquired Stubhub for $310 million in 2007. The deal is expected to close in mid-2020. 

Market News

  • Tiffany Finds a Buyer: LVMH, the world’s largest luxury fashion house, has agreed to buy Tiffany & Co. for $16.3 billion, making it the biggest deal ever in the luxury sector. According to CNBC, jewelry was one of the strongest performing areas of the luxury industry in 2018, seeing 7 percent growth.

  • Uber Fights For London: The ride-hailing was company says it will appeal the decision to revoke its license in the U.K.’s capital. Transport for London has claimed the company, is not “fit and proper” to hold a license after finding that 14,000 trips were taken by unauthorized drivers. Uber initially lost its license in 2017 due to safety concerns, and reports of sexual assault allegations. 

  • Cybertruck Pre-Orders Skyrocket: Despite delivering a now-infamous failed demonstration at the LA car show that saw its stock drop nearly 6 percent, Tesla says it has received over 200,000 pre-orders for its Cybertruck. According to Tesla, the pre-order fee is just $100 and is fully refundable. The first models are expected to launch in the Fall of 2020.

Alternative Investing News

  • Impossible Foods IPO?: Plant-based meat company Impossible foods is seeking to raise $300 million to $500 million in a new round of private funding, according to Reuters. The next round will take the company’s valuation from $2 billion to $3 billion-$5 billion. Impossible Foods is expected to go public as early as next year, says Reuters. 

  • AI Startup Raises $80 Million: Softbank backed AI startup Appier Inc. has raised $80 million, according to Bloomberg. The company’s products help retailers customers and advertisers understand and capitalize on consumer behavior through its artificial intelligence platform. Appier currently serves over 1,000 companies. 

Finance Education

  • All About Balance: Rebalancing your portfolio can lead to better results in the long-run. For example, you start investing but over time the quality of certain investments start to change. Some will perform better than others, and keeping the same investments throughout your entire life may not make sense. Rather than stick with the investments you started with and hope they get better, you can rebalance your portfolio by dropping some investments and choosing other investments instead. More on how it works here: Rebalancing Your Portfolio: Everything You Need to Know
  • Shift the Conversation: Talking money at the dinner table can be taboo, but it can also be an opportunity to share plans, dreams, and past experiences to help keep wealth in your family for generations to come. See how families can connect wealth and purpose in Keep Thanksgiving About Thanksgiving By Connecting Wealth And Purpose|
  • Show Me the Dividends: We can all agree that generating passive income from dividend-paying stocks sounds great. I mean, who wouldn’t want to receive a nice little check every month or quarter. Some people even set goals for their dividend income to cover all their living expenses! But before you get started, there is a lot of research to be done to ensure long-term success. Three Factors to Investigate Before Buying a Dividend Stock