Category Archive: Finance, No picture
Just In Time Stimulus: Fed Proposes Looser Rules For Large U.S. Banks
The Fed’s proposal marks one of the most significant rollbacks of bank regulations since Trump took office. The Wall Street Journal reports Fed Proposes Looser Rules for Large U.S. Banks The Federal Reserve announced one of the most significant rollbacks of bank rules since President Trump took office with a proposal for looser capital and liquidity […]
DowDuPont CEO: Continue To See Strong Demand Across The Board
DowDuPont CEO Edward Breen speaks to “Squawk on the Street” about the chemical company’s quarterly earnings report and the plans for the three-company split.
Gold Rally Pre-Market… Sustainable?
(Video length 00:19:35) In this video, we will discuss the morning’s price action and stock chart of the US Dollar and the price of gold. There is no significant news to reference as to why the US Dollar is falling and the price of gold. We will also discuss the premarket activity of the US […]
Weekly Unemployment Claims: Down 2K – Thursday, Nov. 1
Here is the opening statement from the Department of Labor: In the week ending October 27, the advance figure for seasonally adjusted initial claims was 214,000, a decrease of 2,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 215,000 to 216,000. The 4-week moving average was 213,750, […]
Carl Icahn Sues Dell Over Plans To Go Public
Affiliates of Carl C. Icahn, which own 18.5 million shares, or 9.3%, of Dell Technologies Inc.’s Class V Common Stock, have commenced litigation against Dell Technologies Inc. The complaint was filed in the Court of Chancery of the State of Delaware on October 31, 2018. “Icahn affiliates forced to file complaint against Dell because even […]
Wavering Bulls
Are there waivers coming from the US to some buyers of Iranian crude oil? The US government and OPEC are doing their part to try to cool oil prices ahead of US sanctions on Iran and yesterday they had some success. Not only did we see a 1.5-million-barrel release from the US Strategic Petroleum Reserve, to cool […]
Sensex Ends Day Flat; IT Stocks Top Losers
After opening the day in green, share markets in India witnessed negative trading activity throughout the day, and ended below the dotted line. Sectoral indices ended the day in mixed, with stocks in the FMCG sector and stocks in the IT sector leading the losses. At the closing bell, the BSE Sensex stood lower by 10 points (down 0.1%) and the NSE Nifty closed down […]
USD/CAD Daily Analysis – Thursday, Nov. 1
USD/CAD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2782. Further rise could be expected after a minor consolidation and next target would be at 1.3200 area. Near term support is at 1.3065, a breakdown below this level could bring the price back towards the bullish trend […]
E Arguing About Fed Policy Is A Waste Of Time
When government (or a President) claims that Federal Reserve policy is hurting the economy, they are either grandstanding or are ignorant about the function and purpose of the Federal Reserve. No one wants to see the economy suffer, anymore than they want to see a plague, or infectious disease, affect millions of people. And no […]
Don’t Invent Income!
Seems like a no-brainer – why would anyone want to invent income? That just means you’ll have to pay tax, right? Not always, especially if the income is for a minor and is only a relatively small amount – say, enough to qualify for the maximum Roth IRA contribution, for example. This is a follow-up to the […]
