JC Penney Posts Smaller-Than-Expected Quarterly Loss
The “Squawk Box” news team discusses JC Penney’s quarterly earnings.
US Dollar To Stay Focused On Tax Reform As Key Driver
In what proved to be a very revealing day yesterday, the US Dollar fell back as early details on the Republican tax plan proved to be disappointing to investors. With the Senate set to take up debate after the Thanksgiving holiday, the timeline has already been pushed back once; and with news that the corporate […]
Weekend Reading: It’s The Debt, Stupid
As I noted last Friday, the recently approved budget was an anathema to any fiscally conservative policy. As the Committee for a Responsible Federal Budget stated: “Republicans in Congress laid out two visions in two budgets for our fiscal future, and today, they choose the path of gimmicks, debt, and absolutely zero fiscal restraint over the one […]
Gold Coins And Bars Saw Demand Rise 17% To 222T In Q3
– Gold coins and bars saw demand rise 17% to 222t in Q3, driven largely by China – Chinese investors bought price dips, notching up fourth consecutive quarter of growth – Jewellery, ETF demand fell while gold coins and bars saw increased demand – Central banks bought a robust 111t of gold bullion bars (+25% y-o-y) […]
Morning Call For Friday, November 10
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 -0.38%) this morning are down -0.38% on pessimism U.S. legislators will be able to pass tax reform legislation after the Senate revealed Thursday that its tax plan would delay corporate tax cuts until 2019. The U.S. stock market has rallied sharply this year on expectations meaningful tax cuts would be […]
Weyerhaeuser Hikes Quarterly Dividend Rate By 3.2%
Weyerhaeuser Company (WY – Free Report) yesterday announced a 3.2% increase in its quarterly dividend rate. Notably, the news came in shortly after the company’s third-quarter 2017 earnings release on Oct 27. Such disbursements reflect the company’s strong cash position and its commitment toward rewarding its shareholders handsomely. In the long run, it aims to achieve dividend payout […]
Weekly Commodities Wrap: Gold Surges Despite Weaker Global Demand
Gold: Prices Rise on Weak USD & Increased Geopolitical Tensions Precious metals shot up in price this week benefiting from US Dollar weakness as concerns grow over a potential US tax overhaul with reports that an important corporate tax cut could be delayed by another year. The US Dollar has been stronger over recent weeks […]
Nvidia Price Target Raised To $240 From $210 At Citi
Citi analyst Atif Malik raised his price target for Nvidia shares to $240 to reflect higher gaming sales and better gross margins post last night’s October quarter results. The chip-maker in pre-market trading is up 5.08%, or $10.44 to $215.76. More than 1,200 companies including, all major server manufacturers and cloud providers, are now using […]
Flies In The Ointment
Listen, the Nikkei fell again on Friday, and that is totally unacceptable. As you know, Thursday was a rollercoaster for Japanese equities which, thanks to a harrowing late afternoon decline following a move higher in the morning, were subjected to the largest one-day swing in a year. Well on Friday, things were more orderly, but […]
GBP/USD Daily Analysis – Friday, November 10
GBP/USD has moved sideways in a trading range between 1.3027 and 1.3337 for several weeks. As long as 1.3337 key resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3657, and a breakdown below 1.3027 support could trigger further bearish movement towards 1.2774 support. Near term resistance is […]
