Today’s Stock Market News

* Stories are summarized by an A.I. * Companies mentioned: IKEA, Huawei, PYPL, DIS, FB, Thomas Cook, Saudi Aramco, BA, AMZN, Grab IKEA will produce more energy than it consumes by 2020 IKEA | Engadget The retailer expects to offer home solar panels in stores across all its markets in 2025. IKEA's timing isn't a coincidence. Like Google, Amazon and other companies, it's using both the Global Climate Strike and the UN's Climate Action Summit to build goodwill and avoid controversy. Instead of merely striving for neutrality, more companies might try to counter the effects of climate change. There's no guarantee they'll act in a timely fashion, but it might be more a question of "when" than "if." Read More Huawei Is Prepared To Add Google Services To Mate 30 'Over One Night' Once Ban Ends 002502 (Huawei Technology Company Ltd) | Tech Times A high-ranking Huawei official announced that the company is prepared to ad...

* Stories are summarized by an A.I. * Companies mentioned: SQ, ORCL, CRM, We Company, IBM, APRN, JPM, MELI, PYPL, and XOM Wall Street banks are upping bets on their potential fintech competitors SQ (Square Inc. Class A) | CNBC The biggest banks on Wall Street are increasingly betting on their potential competition. The equity investments are a way to "future proof," according to CB Insights. These so-called 'acqui-hires' included Clarity Money, Final, Bond Street and brought in more than 60 consumer fintech-focused employees, according to CB Insights. "Acquiring digital talent has been a top priority for all banks as they strive to become more tech oriented," CB Insights said. J.P. Morgan is developing a "new fintech campus" for more than 1,000 employees in Palo Alto, California. Read More Oracle Unleashes World's Fastest Database Machine ORCL (Oracle Corporation) | PR Newswire Oracle Exadata Database Machine X8M, availa...

* Stories are summarized by an A.I. * Companies mentioned: PSXP, BA, Ethiopian Airlines, DIS, DB, GM, Envista Holdings Corp, CVX, and FB America Is Becoming the New King of the Oil Market PSXP (Phillips 66 Partners) | The Motley Fool It even briefly overtook that nation as the leader in crude oil exports earlier this year. With more supply on the way and additional export infrastructure under construction, America is emerging as a dominant force in the oil market. The new king of the hillThe International Energy Agency (IEA) recently released its monthly report on the oil market. When added to the volume of refined products and other energy liquids it ships out, America exported nearly 9 million BPD that month. Building an oil export giantAmerican midstream companies are investing billions of dollars in building the infrastructure necessary to move more of the country's oil to global markets. Read More Boeing committee set to recommend safety changes: report ...

* Stories are summarized by an A.I. * Companies mentioned: SoftBank, SHOP, AAPL, SPOT, MO, Brave Software, GOOG, FB, BABA and Huawei As SoftBank Urges WeWork To Shelve Its IPO, It's Time To Think The Unthinkable SoftBank Group | Zero Hedge Also, the fact that the company has seen its cash burn grow just as fast as its revenue has hardly inspired confidence. The issue is that at the latest valuation cited of around $15-$20 billion, the Japanese venture capital conglomerate would be hopelessly underwater (it invested $2 billion this year at a $47 billion valuation), which explains SoftBank’s waning enthusiasm for a listing. “At least it’s for a good cause, right?” Well, the WeWork IPO does nothing other than prop up a Masayoshi Scheme (which is just a sophisticated Ponzi Scheme). Of course, in this day and age of infinite moral hazard, there is always Plan B:When is the BOJ's bailout of Softbank? After the Uber humiliation and the WeWork IPO fiasco, SoftBank's a...

* Stories are summarized by an A.I. * Companies mentioned: AMZN, Air China, Huawei, Empath, GOOG, TWTR, ATVI, DB, Forever 21, and WMT Silicon Valley's 'Neoliberal Takeover Of The Human Body' To Supercharge Spending AMZN (Amazon.com Inc.) | Zero Hedge Thanks to advances in biometric payment technologies and ultra-slick payment systems, Silicon Valley has made it incredibly convenient to shop, pay for, and consume just about anything; and it's about to get easier, according to MarketWatch's Quentin Fottrell. In the last decade, we've gone from physical credit cards to biometric mobile wallets - allowing people to store payment data in smartphones, watches, smart glasses and other devices. Frictionless payments translate to more spendingA University of Illinois study found that people's purchases increased by almost 25% when mobile payment systems were used. Researchers found that the use of a mobile wallet boosted spending by 2.4% over those who d...

* Stories are summarized by an A.I. * Companies mentioned: KMB, PredictHQ, BABA, AMZN, Domo, GOOG, We Company, MSFT, KR, and WBK US-China trade war not hurting diaper maker Kimberly-Clark, CEO says KMB (Kimberly-Clark Corporation) | CNBC Diapers, toilet paper and most of Kimberly-Clark's other products have become more expensive in the last year, but it's not because of the U.S.-China trade war, CEO Michael Hsu told CNBC on Thursday. "Generally, we haven't been that affected by [tariffs] because we mostly produce in our local markets for our local consumers," said Hsu, who took over as CEO in January. Kimberly-Clark's local production has benefited the company amid the trade war not only because the company eludes tariffs but also because in China it isn't solely seen as an American company, Hsu explained. The American consumer has generally withstood the global economic slowdown and the fallout from concerns that the U.S.-China trade war is w...

* Stories are summarized by an A.I. * Companies mentioned: WORK, NTDOY, WMT, AAPL, AMZN, GOOG, Bellwether Coffee, WB, LULU, and NFLX Slack's stock falls 15% after first earnings report since going public WORK (Slack Technologies, Inc.) | CNN Slack's honeymoon on Wall Street may officially be over. Slack WORK Shares off plunged 15% in after-hours trading Wednesday following the company's first earnings report as a public company. Slack reported revenue of $145 million in the quarter, an increase of 58% from the same period a year earlier. Its revenue in the most recently completed quarter would have been even higher if not for some lengthy service outages . Slack said Wednesday that its results were hurt by $8.2 million of credits from the service disruptions during the quarter. Read More Nintendo Switch Online gets SNES games September 5, plus new SNES controllers NTDOY (Nintendo Company Ltd ADR) | Tech Crunch Nintendo Switch Online, the subscription-...

* Stories are summarized by an A.I. * Stocks or companies mentioned: GOOG, UBER, AMZN, TSN, MSFT, F, ACDVF, Purdue Pharma, WDC, and INTC Dozens of states prepare antitrust probe of Google's advertising practices GOOG (Alphabet Inc.) | CNN More than half of the country's state attorneys general are readying an antitrust investigation into Google's advertising practices, with an announcement of the probe set for next week in Washington, two sources familiar with the matter told CNN. The Washington Post was The announcement is expected to be made on September 9near the US Supreme Court, one of the sources said. The Washington Post was first to report the expected announcement. While the announcement will focus on Google, other companies could be drawn in by the states — either as targets of other investigations or to serve as effective witnesses. "With all the investigations going on, there'll be multiple cases against multiple defendants on multiple the...

* Stories are summarized by an A.I. * Stocks or companies mentioned: Norwegian Air, FB, MOMO, AAPL, MA, Spring House Coworking, BA, YUM and Wirecard China’s Central Bank To More Tightly Control Chinese FinTechs PYMNTS The People’s Bank of China (PBoC) is looking toward new technologies to keep a closer eye on the nation’s FinTech, blockchain and digital lending markets. Yet onlookers have noted that PBoC has been working diligently toward its own FinTech growth. Additionally, the bank said it should strengthen financial risk remediation as well as its policy propaganda interpretation and respond quickly to social concerns. While its actions seem contradictory, PBoC recently published a three-year FinTech development plan, which could help clarify its position. Experts noted the central bank’s goal seems to aim to increase the “controllability” of the country’s FinTech, while also boosting risk prevention. Read More Norwegian Air asks for bond repayment extensions Norw...

* Stories are summarized by an A.I. * Stocks or companies mentioned: ATVI, Huawei, CEO, TTM, FB, AMZN, AAPL, TWTR, DG, and TSLA Activision Is Making Great Games Once Again. That’s Good News for Its Depressed Stock. ATVI (Activision Blizzard Inc) | Barron’s Events over the past week have dramatically brightened the outlook for Activision Blizzard (ATVI). Last Monday, the game publisher rereleased the 15-year-old version of its popular World of Warcraft online role-playing game, naming it World of Warcraft Classic. Activision Blizzard confirmed to Barron’s that it will disclose loot-box odds for its games by the end of 2020, a move first announced by the Entertainment Software Association in August. Investors have begun to pick up on the good news around Activision Blizzard. With the good news mounting, Activision Blizzard could once again be worth a play. Read More Huawei Mate 30 launch announced, Google Play fate still unknown 002502 (Huawei Technology Company Ltd...