2017 - Page 317 of 1198 -

McDonald’s Corporation 3Q17 Earnings In Line With Estimates

Oct 24, 2017 Jeremy Parkinson Finance 0

McDonald’s Corporation (NYSE:MCD) 3Q17 earnings were released before opening bell this morning. The fast food restaurant operator reported adjusted earnings of $1.76 per share on $5.76 billion in revenue, versus the consensus estimates suggesting earnings of $1.76 per share on $5.75 billion in sales. In last year’s third quarter, McDonald’s reported earnings of $1.62 per […]

Canada Unprepared For The Payback Period

Oct 24, 2017 Jeremy Parkinson Finance 0

The thing about economic expansions is that people are supposed to work, pay down debt and build up savings, so that they can ride out the economic downturn that follows. Canadians have done the opposite over the past 8 years, and now approach 2018 with the highest debt and lowest cash savings in decades. A […]

Global Tensions Escalate As North Korea Sends Communication To The West

Oct 24, 2017 Jeremy Parkinson Finance 0

North Korean Communication Tensions between the US and North Korea have escalated following the release of a letter, believed to be written by the Foreign Affairs Committee, which urges “sharp vigilance” towards the “heinous and reckless” Trump administration. The letter, which was reported by the Australian Foreign Minister after it was received at the […]

Short-Term Rational, But Intermediate-Term Irrational

Oct 24, 2017 Jeremy Parkinson Finance 0

Don’t look at the left side of the chart on an empty stomach This will be a short post. At present the expected 10-year rate of total return on the S&P 500 is around 4.05%/year. We’re at the 94th percentile now. The ovals on the graph above are 68% and 95% confidence intervals on what the […]

Kiwi Dollar Loses Momentum

Oct 24, 2017 Jeremy Parkinson Finance 0

The New Zealand Dollar, familiarly known as the Kiwi, was the G10 currency market’s biggest mover today and struck a fresh 5-month trough against the US Dollar. That low came in the wake of the incoming government’s outline of its anticipated policy changes which many investors view as unfriendly toward foreign investment given a ban […]

General Motors Company 3Q17 Earnings Boost Shares

Oct 24, 2017 Jeremy Parkinson Finance 0

GM 3Q17 earnings were released before opening bell this morning. The automaker reported adjusted earnings of $1.32 per share on $33.6 billion in sales, while analysts had been expecting earnings of $1.12 per share on $33.72 billion in revenue. In last year’s third quarter, General Motors reported earnings of $1.72 per share on $42.8 billion […]

Gold Is Better Store Of Value Than Bitcoin – Goldman Sachs

Oct 24, 2017 Jeremy Parkinson Finance 0

– Gold is better store of value than bitcoin – Goldman Sachs report– Gold will continue to perform well thanks to uncertainty and wealth demand– Bitcoin’s volatility continues to impact its role as money– Gold up 12% in 2017, bitcoin over 600% – BTC is six times more volatile than gold – see chart– Gold’s history […]

Caterpillar Soars 7% To All Time High After Smashing Earnings, Boosting Guidance

Oct 24, 2017 Jeremy Parkinson Finance 0

Dow futures are higher by over 100 points following a spate of big beats among Dow components including 3M, GM, UTX, but none more so than Caterpillar which just announced blockbuster Q3 EPS of $1.95, nearly 50% higher than the $1.22 consensus estimate (and above the highest forecast), on revenue of $11.4 billion, which also […]

Watching Paint Dry

Oct 24, 2017 Jeremy Parkinson Finance 0

Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB) Subscribe: Android | RSS DOW – 54 = 23,273 SPX – 10 = 2564 NAS – 42 = 6586 RUT – 11 = 1497 10 Y – .01 = 2.38% OIL + .02 = 51.86 GOLD + 2.00 = 1283.00 Cryptocurrency Number of Currencies: 876 Total Market Cap: $169,012,985,919 24H Volume: $5,690,782,655 Top Cryptocurrencies […]

How Does U.S. Income Inequality Compare Worldwide?

Oct 24, 2017 Jeremy Parkinson Finance 0

from the St Louis Fed — this post authored by Ana Maria Santacreu and Heting Zhu Rich countries tend to have lower income inequality than developing countries. The figure below shows a negative relationship between the level of income per capita (which is a measure of technological progress) and the Gini coefficient of income (which is a […]