Category Archive: Finance, No picture
ExxonMobil (XOM) Q3 Earnings Surpass Estimates, Improve Y/Y
Exxon Mobil Corporation’s XOM strong third-quarter 2018 results were aided by robust oil and gas prices along with healthier fuel margins. The largest publicly traded integrated energy company’s earnings per share of $1.46 surpassed the Zacks Consensus Estimate of $1.21. The bottom line also improved from the year-earlier quarter’s 93 cents. Total revenues in the quarter rose […]
E The Bank Of Canada Will Drop Anchor At A 3% Bank Rate
Behavioral economists have long warned policymakers of the dangers of “anchoring” on a specific number. So often, we anchor or latch onto a specific economic number which then we use to establish rules to make decisions regarding policy. Central bankers, for example, have anchored on the goal of 2% inflation and all decisions regarding interest […]
How The World’s Biggest Companies Have Changed In Just 10 Years
At first glance, the business world may seem quite static. The biggest companies today – ones like Apple, Walmart, or Exxon Mobil – will likely also be some of the biggest companies tomorrow. Fast forward a week, a month, or a year, and odds are that they will still be at the top of the […]
Australian Dollar Shows Some Rare Resilience, May Hold Up
The Australian Dollar heads into a new week in perhaps one of the strangest positions besetting any widely-traded currency. Its low point for the year against the US Dollar remains uncomfortably close for the bulls. All the same, AUD/USD last week breached the downtrend that had dominated for nearly all of 2018, thanks to strong domestic trade data and […]
How Did Hedge Funds Do In October? The Numbers Are A Bit Confusing
An update from Crescat Capital shows they had a fantastic October, but many hedge fund return stats were less impressive. Third Point’s Dan Loeb which has beendueling with Cambell Soup had a rough month down 6.7 percent or so. Bill Ackman’s Pershing Square Capital which had been mounting a comeback year, put up awful number of -8.4 percent. Bearish […]
Market Talk – Friday, Nov. 2
If we had all gone home just after the US employment numbers, we would have all had a wonderful weekend and no-one would be any wiser! However, as we know with markets, nothing is ever as it seems. Let’s just skip to the final half of the day just after the numbers from the US. […]
S&P 500, Dow ETFs Saw Substantial Inflows To Close Out October
After scrambling out of correction territory earlier in the week, the S&P 500 closed slightly lower Friday. At the close, the index is now -7.15% below its peak on September 21st. Still, meaningful gains were posted this week and the index is once again positive for 2018. Some investors may have sensed a bottom as they poured […]
The Case For Ending Deposit Insurance
The Fed proposes looser lending standards. I propose ending deposit insurance. The standard deposit insurance coverage limit is $250,000 per depositor, per FDIC-insured bank, per ownership category. Deposits held in different ownership categories are separately insured, up to at least $250,000, even if held at the same bank Do we need deposit insurance? No, assuming […]
The Civilian Labor Force, Unemployment Claims And The Business Cycle – Friday, Nov. 2
Note: We’ve updated this commentary to include the latest labor force data in this morning’s employment report. Every week we post an update on new unemployment claims shortly after the BLS report is made available. Our focus is the four-week moving average of this rather volatile indicator. The financial press generally takes a fairly simplistic view of the […]
