Market News
- Hasenstab Built a Bond Franchise on Risky Bets. Now, He's Piling Up Cash. October 18, 2019Star fund manager Michael Hasenstab built an almost $200 billion government-bond franchise for Franklin Templeton Investments. Now he is pulling out of most emerging markets and building cash and yen to prepare for a market selloff he says is coming.
- SEC Seeks Ideas For Improving Small-Stock Trading October 17, 2019The Securities and Exchange Commission asked stock exchanges and other firms to submit proposals on how to improve the markets for thinly traded securities.
- Goldman Sachs vs. Morgan Stanley: What Price for Stability? October 17, 2019Wall Street’s two biggest stand-alone investment banks are starting to look more alike, but under the surface they offer some fairly different risks and opportunities for investors.
- Legal Troubles at Exelon Weigh on Utilities Stocks October 17, 2019The U.S. nuclear industry has struggled in recent years with competition from cheap natural gas-fired power plants.
- IBM's New Hat Doesn't Cover Old Problems October 17, 2019The folks at Red Hat will probably never feel unloved by their new adoptive parent.
- Trading, Tax Benefit Lift Morgan Stanley Profit October 17, 2019Morgan Stanley’s third-quarter profit rose 3% from a year ago, the last major U.S. bank to skate through a period of global tensions and shifting markets.
- Stocks Climb on Strong Earnings, Brexit Deal October 17, 2019U.S. stocks rose, stoked by solid earnings reports from Netflix, Morgan Stanley and others, as well as a preliminary Brexit deal that has the potential to remove a major obstacle facing investors.
- Schwab to Allow Investors to Buy and Sell Fractions of Stocks October 17, 2019Charles Schwab will let investors buy and sell fractions of shares in coming months as part of an effort to attract younger clients.
- Foreign Demand For Treasury Debt Surges October 17, 2019Overseas investors held a record $6.86 trillion of U.S. government debt at the end of August, a 3.4% increase from the month before, according to Treasury data released this week.
- Deals on Brexit, China Trade Don't Make Those Problems Go Away October 17, 2019Investors should avoid being misled by developments that cast complex and festering issues in a positive light, writes columnist James Mackintosh. Deals on Brexit and U.S.-China trade are improvements, but only marginal ones.
Riverside County News
- Map: Where Southern California Edison may shut off power due to fire risk October 18, 2019Outages are being considered in areas that serve almost 33,600 customers as strong winds pick up across the region.
- Man arrested on suspicion of murder in Banning shooting case October 18, 2019Although the suspect was not identified, police are no longer seeking two 'persons of interest.'
- Rialto water district’s new CFO’s spotty record includes fiscal malfeasance in Hawthorne October 18, 2019Rickey Manbahal was forced to resign in the South Bay city after officials learned he had 'borrowed' $25,000 from city coffers.
- Moreno Valley schools detail changes meant to fight bullying October 17, 2019The efforts -- which follow the death of a Landmark Middle School boy -- include a new anti-bullying team, a centralized reporting system, extra training and the gathering of more information
- Some Sandalwood fire survivors working to recover despite lack of home insurance October 17, 2019After years of billion-dollar payouts from wildfire claims, reassessment is going on, according to the leader of the Personal Insurance Federation of California.
- Enjoy tasty barbecue on wheels at Roadside Shed BBQ in Cherry Valley and elsewhere October 17, 2019Well, it was bound to happen sooner or later — a food truck devoted to all things barbecue.
- Care center operators fined $1.1 million for wage theft, intimidation October 17, 2019The care centers were located in Lake Forest and Mission Viejo.
- Carl Love: TEDx Temecula wows with big ideas on topics from science to success October 17, 2019Seven profound speakers were chosen to address the audience from more than 100 applicants
- Famous banjo player once lived in – and loved – Riverside October 17, 2019Eddie Peabody, who lived in town nearly 10 years starting in 1929, was an unofficial ambassador for the city
- Stay-out order lifted for mobile home park devastated by Sandalwood fire October 17, 2019The site is too hazardous for people to live there, but they can return to retrieve items or arrange clean-up.
Business News
- Gulfstream Aerospace laying off workers in Southern California, elsewhere October 17, 2019The company maintains 11 major U.S. locations, including a facility in Long Beach, where layoffs are expected.
- Coming to Airbnb: Barbie’s Malibu Dreamhouse for $60 a night October 17, 2019The house is available to book for a one-time, two-night stay at $60 a night from Oct. 27-29.
- China appeals to Washington for quick end to trade war October 17, 2019President Trump agreed Friday to delay a tariff hike in exchange for Chinese purchases of U.S. exports.
- Care center operators fined $1.1 million for wage theft, intimidation October 17, 2019The care centers were located in Lake Forest and Mission Viejo.
- State regulators don’t second-guess low-ball appraisals October 17, 2019Just 15 out of 10,000 California appraisers got their license revoked last year, none for assessments that were too low.
- New laws could make life a little easier for low-income Californians October 17, 2019The new legislation tackles childcare, welfare, Section 8 and predatory lending.
- Newport Beach mansion sets Crystal Cove record with $38 million sale October 17, 2019The house originally asked $45 million.
- Bidding for home of ex-‘Housewife’ Alexis Bellino starts at $4.5 million October 17, 2019Potential buyers must register to bid on the property by 5 p.m. Tuesday, Nov. 19 and can submit offers until the date of the sale.
- H-1B: Uber snatches up more foreign-worker visas as it lays off hundreds of employees October 17, 2019The maneuvers raise questions about whether the Bay Area company is moving to replace U.S. workers with cheaper foreign labor as it struggles to please Wall Street months after its much-hyped IPO.
- New California law sets path for more farmworker housing October 17, 2019The law streamlines construction of new worker housing by eliminating some fees, as well as local and environmental restrictions. A farmer choosing the optional housing program is eligible for financial support from the state.
Our Facebook Feed
FREE Vendor Booths Available at the Fall Festival with the Menifee Valley Chamber of Commerce. Contact the Chamber today to reserve your spot. 951-672-1991 #MVCC2019 #FallFestival #MSJC #October26 #JoinTheChamberToday #MenifeeValleyChamberofCommerce
Come Join the Menifee Valley Chamber of Commerce for Lunch from 11:30AM - 1:00PMMonday Menifee Munch October 21st at Buffalo Wild Wings with our Local Riverside Sheriff Dept. Topic: Beware of Holiday Scams. #MVCC2019 #MenifeeMunch #October #JoinTheChamberToday #MenifeeValleyChamberofCommerce
This Friday, October 18th is our Legislative Update with Guest Speaker Assembly Woman Melissa Melendez.
The Menifee Chamber will also be announcing the Nominees for Business Awards and Board of Directors Nominations. Tickets are $15 for Chamber Members & $20 Future Chamber Members. Please register at the Link below to RSVP and purchase your tickets: www.eventbrite.com/e/legislative-update-tickets-75047417847
#MVCC2019 #LegislativeUpdate #Nominations #BusinessAwards #BoardofDirectors #JoinTheChamberToday #MenifeeValleyChamberofCommerce
Legislative Update: October 18th,at 7:30AM
Chamber Members $15 per person
Future Chamber Members $20 per person
Reserve your seat today: www.eventbrite.com/e/legislative-update-tickets-75047417847
#MVCC2019 #BoardNominations #BusinessNominations #MenifeeValleyChamberofCommerce
Menifee Munch October 21st, 11:30AM -1:00PM
Buffalo Wild Wings in Menifee
Topic: Riverside County Sheriff Dept: Beware of Holiday Scams #MVCC2019 #MenifeeMunch #October #NetworkingwithFriends #BuffaloWildWings #JoinTheChamberToday #MenifeeValleyChamberofCommerce
