After-hours buzz: GOOGL, WHR & more
Check out the companies making headlines after the bell: Shares of Google’s parent company Alphabet shot up more than 3 percent in extended-hours trading. The company beat analysts’ earnings estimates for its second quarter, posting $11.75 per share versus the...
US: Existing Home Sales Continue to Disappoint, Decline for the Third Straight Month in June
Existing home sales disappointed expectations again, falling 0.6% to 5.38 million in June from a slightly downwardly-revised 5.41 million in May. Economists had expected a slight uptick of 0.2% in June. The pullback was again concentrated in the single-family segment,...
British Pound Quiet at Start of Week
The British pound is down slightly in the Monday session, after posting strong gains on Friday. In the North American session, the pair is trading at 1.3112, down 0.17% on the day. On the release front, it’s a quiet start...
Blue states must cut taxes or face a population drop, says Citadel’s Ken Griffin
Citadel’s Ken Griffin predicts Northern states that predominantly support the Democratic Party will be negatively impacted by President Donald Trump’s tax plan. “Under Trump’s tax proposal the elimination of state and local deductibility is going to put pressure on the...
Risks are rising that oil prices will cause next recession
Oil gained more than 20 percent in the first half of 2018, and odds have been rising that higher crude oil prices will spark the next economic downturn. This should not come as a surprise for any investor who is...
Flattening of yield curve is stoking fears of a recession
Despite two hikes of the Federal Funds rate this year, ranging between 1.75 percent and 2 percent, long-term rates have not kept pace, causing the yield curve to flatten and stoking fears of a recession. Just about every time the...
Three options strategies for the week: July 23
The “Options Action” traders share three options trading strategies to kick off the week. Dan Nathan recommends a put spread in Facebook. Carter Worth and Mike Khouw like the Nasdaq Biotech ETF Mike Khouw recommends a put spread in McDonald’s...
Yen Pares Gain While Dollar Attempts Rebound
Yen is paring some gain in early US session but remains the strongest one for today, followed by Swiss Franc. Meanwhile, Australian Dollar overtakes Dollar as the weakest one. Euro follows as the second weakest as pressured in crosses. Dollar...
Europeans press for digital tax at G20 meeting
European finance leaders called for progress on global rules to tax the digital economy at a meeting of G20 finance ministers and central bankers in Argentina on Sunday, putting them at odds with U.S. counterparts. The final communique reaffirmed a...
Gold: Yellow Metal Trading On A Stronger Footing In The Morning Session
For the 24 hours to 23:00 GMT, Gold rose 0.58% against the USD and closed at USD1229.80 per ounce on Friday, amid weakness in US dollar and US equities. In the Asian session, at GMT0300, the pair is trading at...
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