November 2018 - Page 125 of 209 -

Will Toshiba Announcement Add To Over 81K Tech Cuts Announced So Far In 2018?

Nov 12, 2018 Jeremy Parkinson Finance 0

from Challenger Gray and Christmas This past week, Toshiba Corporation announced 7,000 job cuts as part of their recovery strategy, reorganizing their energy segments in the U.S. and U.K. Last year, they sold their most valuable commodity, the world’s second-best memory chip, to Bain Capital. Problems continued for Toshiba despite moves to offload their major […]

Gold Inflation

Nov 12, 2018 Jeremy Parkinson Finance 0

Here are two long-term charts illustrating the annual rate at which gold is extracted from the ground. The second of these charts shows why mine production can be ignored when trying to understand what happened to the gold price over the preceding few years or figure out what’s likely to happen to the gold price […]

GBP/JPY Challenges 146.00 Key Support Zone On Bearishness

Nov 12, 2018 Jeremy Parkinson Finance 0

GBP/JPY challenges 146.00 key support zone on bearishness. This is a follow through lower on the back of its Friday losses. On the downside, support comes in at the 145.50 level where a violation will aim at the 145.00 level. A break below here will target the 144.50 level followed by the 144.00 level. Conversely, […]

Brexit Noise Pressures Sterling

Nov 12, 2018 Jeremy Parkinson Finance, No picture 0

Until the Brexit is a “done deal in March 2019,” FX traders will have little choice but to ride a wave of uncertainty. Such is the case for trade in London today, with the Pound Sterling under pressure as worries mount that a soft Brexit might not be on the table. The UK Prime Minister’s […]

This Week’s Economic Indicators – Monday, Nov. 12

Nov 12, 2018 Jeremy Parkinson Finance 0

Last week was a relatively quiet one for economic indicators with only 17 releases. Below is a list of the releases with the actual versus estimated readings. The ISM Non-Manufacturing Index and Markit Service PMI kicked off the week beating estimates but were still lower from the prior month. Thursday’s FOMC rate decision was a […]

The Economic Consequences Of Debt

Nov 12, 2018 Jeremy Parkinson Finance 0

Not surprisingly, my recent article on “The Important Role Of Recessions” led to more than just a bit of debate on why “this time is different.” The running theme in the debate was that debt really isn’t an issue as long as our neighbors are willing to support continued fiscal largesse. As I have pointed out previously, the U.S. […]

Warning: Precious Metals’ Prices Are About To Collapse

Nov 12, 2018 Jeremy Parkinson Finance 0

Silver just moved to its 2018 bottom. Not somewhat above it, not relatively close to it – silver’s Friday’s close of $14.14 equals the previous lowest closing price of 2018 that was formed on September 14th. That’s not yet a breakdown, but the implications are severe. Silver’s Move to the 2018 Bottom Silver’s decline means […]

Cut Up Or Shut Up

Nov 12, 2018 Jeremy Parkinson Finance, No picture 0

Saudi Arabia is not going to wait around. The Saudis are signaling that they will immediately cut oil output by 500,000 barrels a day while the rest of OPEC+1 will start to cut after the December OPEC Meeting. “We need to do whatever it takes to balance the oil market.” Saudi Arabian Energy Minister Khalid […]

3 Franklin Templeton Mutual Funds For Phenomenal Returns

Nov 12, 2018 Jeremy Parkinson Finance, No picture 0

With around $737.5 billion assets under management as of Mar 31, 2018, Franklin Templeton Investments is a well-known global investment management firm. It offers investment management strategies and integrated risk-management solutions to individuals, institutions, pension plans, trusts and partnerships. Founded in 1947, Franklin Templeton Investments prides itself in offering “exceptional asset management” to its clients […]

Citi Downgrades Skyworks To Neutral, Cuts Targets On Nvidia, Qorvo

Nov 12, 2018 Jeremy Parkinson Finance, No picture 0

Citi analyst Atif Malik downgraded Skyworks Solutions (SWKS) to Neutral from Buy and lowered his price target for the shares to $85 from $116. The company is being impacted by broad smartphone weakness, disappointing unit sales of Apple’s (AAPL) iPhone XR, and a high Apple concentration, which represented 39% of sales in fiscal 2019, Malik […]