October 2017 - Page 160 of 215 -

August 2017 Headline Business Sales Improved

Oct 13, 2017 Jeremy Parkinson Finance 0

Econintersect‘s analysis of final business sales data (retail plus wholesale plus manufacturing) shows unadjusted sales grew relative to last month whilst inventories also grew. This is similar to the headline view. Analyst Opinion of Business Sales and Inventories This was a better month for business sales compared to last month – but inventories remain elevated. […]

Wells Fargo (WFC) Q3 Earnings In Line, Revenue Disappoints

Oct 13, 2017 Jeremy Parkinson Finance 0

Have you been eager to see how Wells Fargo & Company (WFC – Free Report) performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this San Francisco-based money center bank’s earnings release this morning: In line Earnings Wells Fargo came out with adjusted earnings per share of $1.04, in line with […]

How Will Banking And Credit Work In A Cryptocurrency Economy?

Oct 13, 2017 Jeremy Parkinson Finance 0

What is the future of banking, central banking and financial intermediation in a world in which cryptocurrency is dominant? Let’s speculate a bit, with the proviso that no one can fully anticipate how these markets will evolve. It is no wonder that the ruling class is concerned. We can find hints in the speech by IMF head […]

Market History And Metaphors

Oct 13, 2017 Jeremy Parkinson Finance 0

“History doesn’t repeat itself, but it often rhymes,” Mark Twain supposedly once observed. As the Fed begins to shrink its balance sheet even as it determinedly jacks up interest rates, we would be prudent to consider where history has rhymed before and what we might learn from those instances. 2007–08 This is the tenth anniversary […]

Allergan Says Mohawks Bought Restasis Patents With Immunity Promise

Oct 13, 2017 Jeremy Parkinson Finance 0

Allergan’s (AGN) odd patent transfer to the St. Regis Mohawk Tribe is gaining a lot of scrutiny. It sued rivals from offering generic Restasis, its blockbuster dry eye treatment. Now the judge in he case, Judge William Bryson, has asked for details of the patent transfer meant as an IPR defense. According to Allergan it […]

Dollar Dropped Like Hot Potato After Core CPI Disappointed

Oct 13, 2017 Jeremy Parkinson Finance 0

The dollar was bid before the US economic data. The market responded quickly upon seeing the disappointing 0.1% rise in core CPI. Given the base effect, the 0.1% increase kept the year-over-year rate at 1.7% for the fourth consecutive month. The dollar reversed lower. Retail sales were largely in line with expectations. The 1.6% headline increased […]

BofA (BAC) Keeps The Trend Alive, Beats On Q3 Earnings

Oct 13, 2017 Jeremy Parkinson Finance 0

Despite trading slowdown, loan growth and higher interest rates drove Bank of America Corporation’s (BAC – Free Report) third-quarter 2017 earnings of 48 cents per share, which outpaced the Zacks Consensus Estimate of 46 cents. The figure was 17% higher than the prior-year quarter. Markets also seem to be happy with BofA’s results. In pre-market trading, the […]

Billion Dollar Unicorns: Is Houzz’s Valuation Justified?

Oct 13, 2017 Jeremy Parkinson Finance 0

According to eMarketer, the online market for home furnishings is expected to double from $27 billion in 2015 to $55 billion by 2020. Benefitting from this growth is Billion Dollar Unicorn Houzz, which recently raised a massive round. Houzz’s Journey Palo Alto-based Houzz came about when designer couple Alon Cohen and Adi Tatarko realized how frustrating the […]

E USD/NOK Looking Bearish

Oct 13, 2017 Jeremy Parkinson Finance 0

Good day traders! Let’s take a look at USD/NOK. USD/NOK is trading lower, now unfolding a nice bearish spike, which can be a potential minor wave v) of one in the making. Keep in mind that price may now be dropping, but once blue wave one fully unfolds, a new temporary correction into the following […]

US Core Inflation Stuck At 1.7% Again – USD Falls Across The Board

Oct 13, 2017 Jeremy Parkinson Finance 0

Disappointing US inflation figures: CPI and core CPI both miss expectations and monthly and yearly figures. Core CPI y/y failed to rise and remains stuck at 1.7%. Will the Fed reconsider the planned December hike? Retail sales data were not too bad, but not inspiring enough to mitigate the big thing: weak inflation. We wrote […]