Category Archive: Finance, No picture
Turkey ETF Surges Post Rate Hike
On Sep 13, the Central Bank of Turkey hiked its main interest rate to 24%, a hike of 6.25% from the previous 17.75%. This resulted in lira appreciating by 4.3% against the U.S. dollar and iShares MSCI Turkey ETF (TUR – Free Report) gaining 5.9% on the same day. This is the biggest rate hike in President Erdogan’s 15-year […]
Red Hat Stock Plunges On Weak Q3 Earnings, Revenue Guidance
CNBC’s Courtney Reagan reports that Red Hat stock plunged following an earnings miss.
AutoNation CEO Jackson To Step Down In 2019 After Nearly 20 Years
Shares of AutoNation (AN) are climbing in morning trading after the company said its long-time chief executive officer will step down from his role in 2019 to become the company’s executive chairman. AutoNation is also undertaking a search to find its next CEO. LONG-TIME CEO MIKE JACKSON TO STEP DOWN IN 2019: AutoNation’s CEO Mike […]
U.S. Markets Ignore Tariff Worries: 5 Top-Ranked Picks
Wall Street shrugged off early losses on Sep 18 to close in the green as investors chose to ignore trade tensions. Stocks moved north after the latest tariffs from the United States and China were less harmful than expected. Consumer discretionary and industrials stocks emerged as the leading performers. Tech shares also gained after […]
Some Key Comments Were Made By Premier Li Regarding China’s Economy
(Audio length 00:13:18) Chris Temple joins me to focus on the comments made by China’s Premier Li regarding the challenges China continues to face and how it remains a developing country. This is the first time we have heard a high ranking official speak about weakness in the overall Chinese economy all while trade war […]
Digging Into Wealth And Income Inequality
That changes our perspective on the wonderfulness of ever-expanding household wealth. The assets of U.S. households recently topped $100 trillion, yet another sign that everything is going swimmingly in the U.S. economy. Let’s take a look at the Federal Reserve’s Household Balance Sheet, which lists the assets and liabilities of all U.S. households in very big buckets […]
Housing Starts Jump 9.2%, Permits Decline 5.7%
Housing starts are up but permits are down. The overall level of activity is less than we say in 1962. This morning, the Census Bureau released its New Residential Construction Report for August. Building Permits Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,229,000. This is 5.7 percent […]
How Do The Rich Get Richer? It’s Probably Not From Chasing Performance
The world’s richest are getting richer. In fact, the top 1% in terms of wealth ownership are well on track to control two-thirds of the world’s wealth by 2030, as reported by the House of Commons library, a research arm of the UK’s parliament.12 In light of this growing inequality, is there a way to […]
The Bullish Case
Some investors see daily moves of hundreds of points in the Dow Industrials and say that the market is just too volatile for them, they want no part of it. Wrong. Volatility is actually low. In fact, there hasn’t been even a modest 11-percent decline since February of 2016. Why is volatility low? Why are […]
Brazil Money Math
On June 10, 2013, Brazil’s central bank announced an allotment of 40,000 currency swap contracts at an auction. This was the second operation carried out in short order that month, following weakness in the real, Brazil’s currency (BRL), against the dollar. In order to forestall any further declines, central bank intervention has long been a […]
