Category Archive: Finance, No picture
Alcoa Announces $200 Million Stock Buyback
CNBC’s Kate Rogers reports that Alcoa announced a $200 million stock buyback.
Canada Welcomes Cannabis Legalization With Sell-Off In Cannabis Stocks
Today is D-Day in Canada when it comes to their cannabis legalization. It’s the first day that Canada allows, legally, to consume recreational marijuana. As per our Cannabis Stocks in Canada Forecast for 2019 the sector would get a serious boost in 2019, with one favorite cannabis stock we featured in our Emerald Health Therapeutics Stock Forecast for […]
David’s Bridal Misses Debt Payment, Prepares To File Bankruptcy
Just days after Sears filed the largest retail bankruptcy yet, listing over $10 billion in liabilities on its Chapter 11 petition… Since June 2015, 65 retail chains have filed for ch. 11 relief. Ten of those companies reported more than $1B in liabilities on their bankruptcy petitions. Sears’ petition is the first to report over […]
Fed Minutes Suggest Gradual Rate Hikes Coming: Little Market Reaction
As expected, the Fed signaled gradual rate hikes are coming. The Fed released the Minutes of the September 26, 2018, FOMC Meeting today. Information received since the Federal Open Market Committee met in August indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate. Job gains have […]
US Fixed Income Calendar – The Week Ahead
By Steven Levine Interactive Brokers senior market analyst Steven Levine provides some highlights for what to look for in the week beginning October 22.
Weekly Heating Oil Prices – Wednesday, Oct. 17
We’ve used data from the Energy Information Administration (EIA), which publishes price data weekly on home heating oil in 38 states by dollar-per-gallon before taxes. Unlike natural gas and electricity, home heating oil is provided by independent retailers. The latest price of home heating oil nationwide is $3.36, up a penny from last week and up 7 […]
85% Of Fund Managers Say Global Economy Is Late Cycle
‘Smart’ money is capital run by professionals in the investment community and ‘dumb’ money is referred to capital invested by people who have a day job that’s not in finance. It’s not the nicest way of putting it, but the moniker makes sense. If you review consumer sentiment surveys, consumers are the most bullish near […]
Fidelity Builds A Safe Highway For Institutional Investors
Perhaps you think this changes everything. Or perhaps you think this changes nothing. Either way, regarding Fidelity’s recent announcement, you’d be right. Fidelity is spinning off a 100-person-strong company. Its mission? To provide cryptocurrency trading services for the big boys – funds, endowments, family offices, and sophisticated investors. But don’t tell the market it’s big […]
FOMC Minutes Signal ‘Hawkish’ Fed Ready To Hike Above Neutral
After Powell’s ‘reassuring’ hawkish speech, following the briefly dovishly-interpreted Fed statement, all eyes are back on the FOMC Minutes today to see just how assuredly The Fed will stick to its 25bps-per-quarter trajectory, come hell (stock crash) or high water (inflation). The labor market (judged by the unemployment rate) has rarely been lower and inflation is right […]
