Jobs And The Economy
The jobless claims for unemployment benefits come out each week. Because of its frequency and its focus on those people losing jobs it is considered a good leading economic indicator. The most recent week’s claims rose to 239,000 from 229,000 the week before. However, any claims below 300,000 is considered a low number. As always […]
AIG Support Failure
One of my financial shorts is none other than bailout queen AIG, shown below with this guy who should be judged, Joe Costello. For the short-memoried among you, he’s the one who got paid hundreds of millions of dollars, while the stupid taxpayers (that’s us) bailed out this worthless firm to the tune of half […]
Three Reasons The Current Tax Bills Miss The Mark
Despite the significant opportunity to improve America’s tax code, the current House and Senate tax plans miss the mark for three big reasons. While expectations going into the event were high, disappointment is building as the tax plans are studied in broader detail. Beyond the obvious issue of significant differences between the House and Senate […]
FX COT Update: Sterling Shorts Reversed As BOE Begins Tightening
EUR/USD Non-Commercials reduced their net long positions in the Euro last week selling 11k contracts to take the total position to 72k contracts. A resurgent US Dollar amid better US data and heightened expectations of a December rate hike has weighed on EUR sentiment following the ECB’s latest meeting which saw the market disappointed by […]
Paypal Suspends TIO Operations After Finding Security Vulnerabilities
PayPal announced late Friday that TIO Networks, a publicly traded company it acquired in July, has suspended operations to protect TIO’s customers. “This suspension of services is a result of PayPal’s discovery of security vulnerabilities on the TIO platform and issues with TIO’s data security program that do not adhere to PayPal’s information security standards,” […]
Hedge Fund Fees Are Only Half The Problem
Hedge funds talk big about returns. Historically, successful managers have claimed credit for the favorable risk/return profiles of their funds, touting skilled security selection and portfolio management as a competitive edge. But the advent of investible benchmarks for a number of hedge fund strategies prove there’s more than just skill involved. Hedge fund returns can […]
E CVR Medical: A New Approach To Cardiovascular Care
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. CVR Medical (CRRVF) (TSX-V:CVM) is a medical device company whose primary product, the Carotid Stenotic Scan (CSS), is on track for FDA market clearance. The device uses patent-protected science to detect ischemia of […]
GE Is Crashing
The pre-market buyers of last resort, hoping that GE just kitchen-sinked by slashing its dividend by 50%… are in trouble. Everything was fine until CEO Flannery started speaking… *GE TO BORROW $6 BILLION FOR PENSION CONTRIBUTION, CEO SAYS *GE CEO: ALSTOM ACQUISITION PERFORMING BELOW EXPECTATIONS *GE CEO: GE POWER EXACERBATED ITS PROBLEMS W/POOR EXECUTION *GE CEO […]
Orbit Garant – The Results Delivered By This Drilling Company Should Satisfy The Gold Bulls
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. It looks like the bear market in the mineral drilling sector is over. A few days ago Orbit Garant (OBGRF), a small mineral drilling company operating mainly in Canada (this country accounts for […]
ConocoPhillips Keeps Improving
Since sharply cutting its dividend a year ago, ConocoPhillips has made steady improvements to shore up its balance sheet. The most recent quarterly results show the company has made significant strides in 2017. ConocoPhillips is the world’s largest publicly traded pure exploration and production (E&P) company. As a bellwether for the oil industry, I always pay […]
