Inflation is now rising faster than expected for the first time in five years… Investment bank Citigroup's so-called "Global Inflation Surprise Index" has been surging higher in recent months, along with consumer prices. In simple terms, the index compares actual consumer price data – what most developed countries use to measure "inflation"....More>>>
Verizon Communications (VZ) tumbled to the bottom of the S&P 500 today after its earnings fell short of analyst forecasts.
Verizon Communicationsdropped 4.4% to $50.12 today, while the S&P 500 rose 0.7% to 2,280.07.
BTIG’s Walter Piecyk and Joseph Galone wonder if Verizon’s “network advantage over.” They explain why:
Related SPY Grasso: Don't Buy Right Now After-Hours Recap: The Markets' Big Week And Some After-Hours Movers Futures flat ahead of big week (Seeking Alpha) Related USO Japan Stocks Extend Winning Streak While Asia, Europe Mostly Lower Crude Makes New High For Move And Retreats ....More>>>
Tailings are what is left over from a mining operationand be both a blessing and a curse as while theymay still contain valuable minerals that can be difficult or expensive to extract,they can alsobe toxic environmental hazards at the same time. However, thats starting to change.
An April 2015 Wall Street Journal article noted that mining companies have been saying that processing mining....More>>>
September 22, 2016: Markets opened higher again Thursday, wallowing in the Fed decision to leave interest rate alone until at least December. All equity sectors traded in the green late in the day, led by the new real-estate group and the telecoms. WTI crude oil for November delivery settled at $46.32 a barrel, up 2.2% for the day. December gold closed up 1% on the day to settle at $1,344.70. Equities....More>>>
INDIANAPOLIS When Indiana Gov.Mike Pence first tried tokeep Carrier Corp. in Indianapolis, the company told him federal regulations had made it impossible to stay.
Pence met with officials from Carrier’s parent company, United Technologies Corp., in March after it announced plans to close factories in Indianapolis and Huntington and move a combined 2,100 jobs to Mexico. Pence asked....More>>>
In a note released on Friday, KBW’s Meyer Shields and Christopher Campbell try to estimate the damage that the Brexit selloff has done to the book value of Warren Buffett’s Berkshire Hathaway (BRK.A):
Britain voted to exit the European Union driving markets significantly lower, with the Nikkei (-7.9%), DAX (-7.2%), CAC (-8.7%), FTSE 100 (-4.2%), and S&P....More>>>
If the Dow was meant to have hit 20,000 by now, wouldnt it have happened?
Its a fair question to ask, as investors watch the index back off what seemed a sure thing only a few days ago. Some, like FXTMs Hussein Sayed, say breaking that psychological level could open the door to more buyers, as it suggests bulls are still in control.
But the index ....More>>>
The federal government and Wall Street are at it again, scratching each other’s backs at your expense…
They did it in 1999, when the government repealed Glass-Steagall – and opened the door leading to the Financial Crisis.
They did it in September 2008, when the Treasury Department loaned Wall Street banks $700 billion of U.S. taxpayer money to bail them out....More>>>
Related APC 20 Stocks Moving In Friday's Pre-Market Session 5 Biggest Price Target Changes For Wednesday Energy stocks slide alongside crude oil in early trading (Seeking Alpha) Related HAL Dan Nathan Sees Unusual Options Activity In Halliburton TD Ameritrade's IMX Index Rose 6% In....More>>>
The S&P 500 dropped 0.4% today but that didn’t stop Western Digital (WDC) from gaining more than 3% todayand becoming the benchmark index’s hottest stock.
Like Skyworks Solutions (SWKS) the past two days, Western Digital’s gained 3.1% to $54.94 was primarily the result of another company entirely: Intel (INTC). The chip giant raised its third-quarter....More>>>
Wells Fargo’s David Maris notes that Valeant Pharmaceuticals International (VRX) is still dependent on a “pricing driven model” after the beleaguered specialty pharmaceutical company said it would raise prices. He explains:
Valeant Pharmaceuticals International owns Bausch & Lomb Getty Images
Valeant announced today that it has decided to raise prices by....More>>>
Alec Baldwin isn’t done with Donald Trump yet.
The actor will return to play President-elect Trump on “Saturday Night Live” for the first time since the election, according to a source close to the show.
Last week’s episode of “SNL” included many memorable moments including Kate McKinnon opening the show dressed as Hillary Clinton playing a....More>>>
September 19, 2016: Here are four stocks trading with relatively heavy volume among 27 equities making new 52-week lows in Monday’s session. NYSE advancers led decliners by nearly 2 to 1 and Nasdaq advancers led decliners by less than 5 to 4.
Telefonaktiebolaget LM Ericsson (NASDAQ) dropped about 1% on Monday to post a new 52-week low of $6.68 after closing at $6.75 on Friday. The stock’s....More>>>
In contrast with the swings of the large crude-oil inventory run-up and then the big end-of-the-season drawdowns, this is turning out to be a an average summer for oil after all (USO, OIL, SCO, BNO, DBO, DIA, DNO, DTO, DWTI, OLEM, OLO, SPY, SZO, UCO, USL, UWTI).
I’ve been tracking the weekly inventory changes over the extended summer driving season, from May through September, which....More>>>