United Parcel Service, Inc. 2Q 17, ConocoPhillips 2Q 17 Earnings Released
UPS (UPS) 2Q 17 earnings and ConocoPhillips (COP) 2Q 17 earnings were released before opening bell this morning. UPS reported earnings of $1.58 per share on $15.8 billion in revenue. Analysts had been expecting $1.47 per share in earnings on $15.5 billion in revenue. In last year’s second quarter, the delivery company reported $1.43 per […]
Shell’s Q2 Earnings Soar As Cost Cuts Pay Off
Europe’s largest oil company Royal Dutch Shell plc (RDS-A – Free Report) reported strong second-quarter results, as its upstream business swung to a profit on rebounding oil prices and refining operations remained robust amid successful cost containment efforts. Shell is the first integrated supermajor to come out with second quarter results. Continental rival BP plc (BP – Free Report) is scheduled […]
Why Sanctions On Venezuela Could Benefit U.S. Refiners
Last week it was reported that the Trump Administration is considering significant sanctions on Venezuela. The threat of sanctions is in response to Venezuelan President Nicolas Maduro’s pledge to rewrite his country’s constitution on July 30. President Trump promised that if he followed through, the U.S. “will take strong and swift economic actions,” which could impact […]
Fiat Chrysler Q2 Earnings & Revenue Beat Estimates
Fiat Chrysler Automobiles N.V. (FCAU – Free Report) is an international automotive company. It designs, manufactures, distributes and sells vehicles, components and production systems. The company owns the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. Fiat Chrysler is benefiting from rising sales in the U.S. and Europe. The company intends to expand […]
A Coming Storm For Wireless?
Increased RF injuries may result from the proliferation of antennas to support expanding wireless activity. As workers and the medical community begin to better understand those RF injuries, the wireless industry could face increased RF safety awareness issues. Insurers no longer provide RF exposure coverage, so wireless providers may find property owners less willing to […]
Why Economists Cannot Forecast Recessions
The purpose of this article is to draw the widest attention to the chronic inability of the economic establishment to forecast recessions. Next time you hear an economist make a prediction on mainstream media, your default assumption should be he or she is simply wrong. Why do I allege this? An IMF economist, Prakash Loungani, […]
Will USD/CAD Drop Further?
Yesterday, the greenback extended losses against the Canadian dollar, which resulted in a drop below the May 2016 low. Does it mean that the way to lower levels is open? In our opinion the following forex trading positions are justified – summary: EUR/USD Yesterday, EUR/USD came back above the upper border of the green consolidation […]
FOMC Trading Action: Love Is In The Air
It’s Fed day, not Valentines Day but we are in love anyway with the trading action in bonds yesterday. Fed Chair Janet Yellen pulled-forward the timing of the long-awaited taper to an official “relatively soon.” That’s terrible for the bond market. This $4 Trillion bond holder (With a “T”) is showing their cards they are backing off. […]
Jeff Bezos Surpasses Bill Gates – Becomes World’s Richest Man
A surge in Amazon (AMZN) shares this morning (ahead of earnings) has propelled founder Jeff Bezos past Microsoft (MSFT) founder Bill Gates as the world’s richest person… As Bloomberg reports, shares of the online retailer rose 1.8 percent to $1,071.31 as of 9:30 a.m. in New York. If the gains hold through the close, Bezos, 53, could leapfrog Gates on […]
June 2017 CFNAI Super Index Moving Average Marginally Up
The economy’s rate of growth marginally improved based on the Chicago Fed National Activity Index (CFNAI) 3 month moving (3MA) average – and economic growth remained above the historical trend rate of growth. Analyst Opinion of the CFNAI This Month The single month index which is not used for economic forecasting which unfortunately is what […]
